What is MCLR? Marginal Cost of Funds based Lending Rate (MCLR)This is a new method for calculation of BASE rate by banks suggested by RBI which is expected to allow faster transmission of changes in policy rates ie., increase of decease in repo and reverse repo rates by the Reserve Bank of India to bank’s
What is MCLR? Marginal Cost of Funds based Lending Rate (MCLR)This is a new method for calculation of BASE rate by banks suggested by RBI which is expected to allow faster transmission of changes in policy rates ie., increase of decease in repo and reverse repo rates by the Reserve Bank of India to bank’s