Latest News on Marginal cost of funds based lending rate
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Oct 05, 2017
Policy rate transmission: RBI panel suggests external benchmark rate in place of existing MCLRThe study group set up by the RBI to review the working of the Marginal Cost of Funds Based Lending Rate (MCLR) system said that banks should allow existing borrowers to migrate to MCLR system without any conversion fee.
Dec 18, 2015
RBI's new methodology of base rate calculation starting 1 April to usher in transparencyTo improve transparency and ensure speedier monetary policy transmission, the RBI said that all banks will have to follow a new uniform methodology from the next fiscal for calculation of base rate on the basis of the marginal cost of funds.