RBI proposes 3-month MCLR reset for loans: What could change for borrowers and their monthly EMIs

RBI has proposed a new MCLR formula using a three-month moving average of banks’ marginal funding costs. The draft also ...

Loan framework: RBI proposes new MCLR formula based on 3-month moving average of funding costs

The RBI has proposed a new formula for calculating banks’ Marginal Cost of Funds Based Lending Rate (MCLR), using a ...