What is external benchmark based lending?
By IndianMoney , 5 months ago
IndianMoney
5 months ago
1. The Reserve Bank of India has decided in favour of external benchmark linked lending rates over the existing marginal cost of funds-based lending rate (MCLR) system. 2. However, cuts in the repo rate are meant to lead to cuts in home loan and other lending rates as banks get to borrow money cheaply from the RBI.
Trending Questions
Recent Questions
Related Questions
- What is Compound Interest?
- What are the types of Types of Compound Interest?
- What is the Formula to calculate Annual Compound Interest?
- What is the formula to calculate Half-Yearly, Quarterly, Monthly Compound Interest?
- What are the benefit of Compound Interest?
- Is power of Compounding is the eight wonder of the world?
