Month: March 2017

Banks use ad hoc and arbitrary methods to keep lending rates inflated: RBI Study Group

March 3, 2017

Exposing the ad hoc manner used by banks to deviate from specified methodologies for calculating base rate and marginal cost of funds based lending rate (MCLR), a Reserve Bank of India (RBI) study group had said that banks used this to either inflate base rate or prevent it from falling in line with the cost […]

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