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Lending Rate Based Interest Rates

News and Press Release - Dated:- 27-2-2016 - Reserve Bank of India (RBI) has issued guidelines on computing interest rates on advances based on the Marginal Cost of Funds based Lending Rate (MCLR) to banks vide circular DBR No. Dir.BC.67/13.03.00/2015-16 dated December 17, 2015 which will be effective from April 1, 2016. Apart from helping improve the transmission of policy rates into the lending rates of banks, these guidelines are expected to improve transparency in the methodology followed by .....

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