Question
In the term MCLR, introduced by the Reserve Bank of
India to replace the base rate system, what does the letter “L” stand for?Solution
• MCLR stands for Marginal Cost of Funds based Lending Rate. • It represents the minimum lending rate below which banks are not allowed to lend (except in specific cases permitted by RBI). • Introduced in April 2016, MCLR replaced the earlier Base Rate system to improve monetary policy transmission. • The framework links lending rates more closely with the marginal cost of funds (such as repo rate, deposit rates, and operating costs). Hence, in MCLR, the “L” stands for Lending.
What is the average of the first 30 natural numbers?
The Army Chief Gen MM Naravane announced the setting up of a 'Chair of Excellence' in memory of India's first Chief of Defence Staff ________ to conduct...
Which city will host 2022 Commonwealth Games?
The 10th Schedule of the Indian constitution is related to ________.
In September 2021,the Pension Fund Regulatory and Development Authority (PFRDA) increased the entry age for the National Pension System (NPS) from______...
For the Poverty Alleviation Programme in India, which one is not a valid reason?
Who among the following became the acting Prime Minister of India after Lal Bahadur Shastri?
Who was the first chairperson of the Sangeet Natak Akademi?
Which of the following players did not receive the Arjuna Award 2023?
Who Chaired the 3rd FIPIC III Summit?
Relevant for Exams:
