The Bloomberg Short-Term Bank Yield Index (BSBY) was created to serve as a credit-sensitive rate supplement to SOFR amid the global transition from LIBOR.

India’s central bank drained 849.75 billion rupees ($10 billion) of excess cash from the banking system in its first such ...

HDFC Bank has raised its MCLR for overnight loans by 5 bps to 9.20 per cent effective February 7, 2025, ... which offsets the risks of long-term loans. Factors determining MCLR.