MCLR News
Industry
How Shaktikanta Das is fixing the problem of wayward bank interest rates
The RBI action came after years of nudging banks which were reluctant to pass on rate cuts to borrowers but were quicker to pass on rate hikes. Similarly, banks would delay raising deposit rates when RBI hiked the repo rate, but reduce it soon after an RBI rate cut.
4 min read5 Jul 2024Money
MCLR: What is it and why is preferred over the base interest rate for loan EMIs?
The MCLR, which was introduced in 2016, is the lowest rate at which banks may lend to their clients. Read on to learn more about its advantages and calculation.
2 min read11 Jul 2022Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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