Irked at Banks, RBI Forms Group to Study MCLR

The Economic Times - - Front Page -

Ex­press­ing un­hap­pi­ness over the trans­mis­sion of pre­vi­ous rate cuts by banks, RBI has con­sti­tuted an in­ter­nal group to study the mar­ginal cost of funds-based lend­ing (MCLR) rate. Bankers how­ever say they are un­sure of what ex­actly the cen­tral bank wants.

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