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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.67/13.03.00/201 .....

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banks for determining interest rates on advances. These guidelines are also expected to ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks. Further, marginal cost of pricing of loans will help t .....

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