<p>A meeting of the BPLR committee, headed by RBI Executive Director Deepak Mohanty and comprising external experts and IBA met here on Thursday to discuss proposals in the draft report.<br /><br />The committee is considering multiple BPLRs for corporates, SMEs and retail borrowers and is likely to meet by mid-September to finalise the recommendations on the BPLR structure. BPLR is the interest rate that commercial banks charge their most credit-worthy customers. Besides, the panel is also discussing options to differentiate loans below Rs 2 lakh to protect the interests of small borrowers.<br /><br />“The draft report is considering multiple BPLR system. They are also discussing the possibility of excluding home loans from the BPLR,” Indian Banks Association Chief Executive K Ramakrishnan, who attended Thursday’s meeting, told PTI.<br /><br />An IBA sub-group is likely to meet sometime this week to discuss about the suggestions in the draft report and will give its feedback to the RBI panel by mid-September, Ramakrishann said. The Reserve Bank constituted a special committee to revisit the existing BPLR structure to bring more transparency in the manner in which banks arrive into the BPLR. <br /></p>
<p>A meeting of the BPLR committee, headed by RBI Executive Director Deepak Mohanty and comprising external experts and IBA met here on Thursday to discuss proposals in the draft report.<br /><br />The committee is considering multiple BPLRs for corporates, SMEs and retail borrowers and is likely to meet by mid-September to finalise the recommendations on the BPLR structure. BPLR is the interest rate that commercial banks charge their most credit-worthy customers. Besides, the panel is also discussing options to differentiate loans below Rs 2 lakh to protect the interests of small borrowers.<br /><br />“The draft report is considering multiple BPLR system. They are also discussing the possibility of excluding home loans from the BPLR,” Indian Banks Association Chief Executive K Ramakrishnan, who attended Thursday’s meeting, told PTI.<br /><br />An IBA sub-group is likely to meet sometime this week to discuss about the suggestions in the draft report and will give its feedback to the RBI panel by mid-September, Ramakrishann said. The Reserve Bank constituted a special committee to revisit the existing BPLR structure to bring more transparency in the manner in which banks arrive into the BPLR. <br /></p>