RBI forms group to improve marginal cost of lending rate system
As per RBI guidelines, banks have to prepare MCLR which will be the internal benchmark lending rate. Based upon this MCLR, interest rates for different categories of customers are fixed in accordance with their degree of risk.
Aug 02, 2017, 18:39 PM IST
RBI comfortable with repo rate vs CPI target rate: Deputy Governor
The difference now stands at 2 percent, after the RBI cut the repo rate by 25 basis points to 6 percent, above the central bank`s inflation target of 4 percent.
Aug 02, 2017, 16:20 PM IST
Cleaning of banks' balance sheet top priority: Viral Acharya
Last month, he had said that targeted interventions like reducing standard asset provisions for home loans, which will make them cheaper, will help revive the sagging growth rather than rate cuts.
Jul 22, 2017, 17:23 PM IST
Money flow into financial savings increased post note ban: Viral Acharya
However, the Harvard professor said it will take years to judge the full impact of India`s demonetisation move in accelerating electronic payments and the larger picture is that the government has done much to promote financial inclusion.
Jul 22, 2017, 17:19 PM IST
