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What is Marginal Cost of funds based Lending rate?

Wednesday, September 19, 2018, 4:07 PM

MCLR is closely linked with the repo rate and the cost of funds of a bank. It is the minimum interest rate that a bank can charge on Home Loans. Banks add a small percentage of spread to the MCLR and the resultant figure is the rate of interest charged on Home Loans.
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Things To Know On Minimum Average Balance In SB Account

Saturday, August 25, 2018, 11:43 PM

Both public sector and private sector banks are levying charges on customers for not maintaining minimum balance in their savings bank account. In the year 2017-18, 21 public sector banks and three major private sector banks collected Rs.5,000 Crores from customers, for not maintaining a minimum balance in their accounts. Click on full story to know everything on minimum average balance in SB account.

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