Marginal Cost of Funds based Lending Rate (MCLR)
In News Recently, the State Bank of India, Bank of Baroda and Indian Overseas Bank raised their marginal cost of fund-based lending rates (MCLR) by up to 15 basis points. Marginal Cost of Funds-Based Lending Rate It was instituted by RBI with effect from April 1, 2016. It replaced the base rate structure, which had […]