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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.
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.
