Why a hike in MCLR by banks may not affect you2 min read . Updated: 29 Apr 2022, 05:48 AM IST
- Floating rate retail loans taken after 30 September 2019 will not be affected because they’re not linked to the MCLR
Bank borrowers would have heaved a sigh of relief when the Reserve Bank of India recently left the repo rate unchanged. But the relief seems to have been short-lived.
Select your Category