RBI makes External Benchmark Based Interest Rate mandatory for certain categories of loans
September 5, 2019
RBI
RBI Makes External Benchmark Based Interest Rate mandatory for all new floating rate personal/ retail (housing, auto, etc.) & floating rate loans to MSEĀ Reserve Bank had constituted an Internal Study Group (ISG) to examine various aspects of the marginal cost of funds-based lending rate (MCLR) system. The …