Category Archives: Bank news

What Is Marginal Cost Of Funds Based Lending Rate?

In April 2016 the Reserve Bank of India introduced the Marginal Cost of Funds based Lending Rate (MCLR) calculation for setting the interest rate on loans. Here’s a quick read to refresh your understanding of it.

RBI Says ‘No Change’

Our central bank, the Reserve Bank of India (RBI), has decided to leave the interest rates of the country unchanged. How does this change things for you as a borrower and investor?