Home loan set to get cheaper for borrowers with older base rate regime
These home loan borrowers, who were stuck in the older base rate regime, will now be linked to the current market-linked benchmark from April 1.
Feb 08, 2018, 07:30 AM IST
RBI comes down heavily on MCLR, moots external
The base rate/MCLR regime is also not in sync with global practices on pricing of bank loans, it said, adding that "the study group has, therefore, recommended a switchover to an external benchmark in a time-bound manner".
Oct 04, 2017, 16:47 PM IST
