Question
Consider the following statements regarding the marginal
cost of funds-based lending rate (MCLR): 1. The Reserve Bank of India introduced the MCLR methodology by replacing the base rate structure. 2. Under the MCLR regime, banks are free to offer all categories of loans on fixed or floating interest rates. 3. Reserve Bank of India introduced the MCLR methodology for fixing interest rates from 1 April 2016. Which of the above statements is/are correct?Solution
The marginal cost of funds-based lending rate (MCLR) is the minimum interest rate that a bank can lend at. MCLR is a tenor linked internal benchmark, which means the rate is determined internally by the bank depending on the period left for the repayment of a loan. MCLR is closely linked to the actual deposit rates and is calculated based on four components: the marginal cost of funds, negative carry on account of cash reserve ratio, operating costs and tenor premium. Reserve Bank of India introduced the MCLR methodology for fixing interest rates from 1 April 2016. It replaced the base rate structure, which had been in place since July 2010.
Six persons J, K, L, M, N and O sit around a circular table and face towards the centre but not necessarily in the same order. O sits third to the righ...
Who among the following sits at extreme left end of the row?
How is U related to T?
A, B, C, D, E and F are sitting in a row. E and F are in the centre. A and B are at the ends. C is sitting to the left of A. Who is to the right of Piyush?
How many persons are sitting between H and J when counted to the left of H?
Four of the following five are alike in a certain way and hence form the group. Which of the following ones does not belong to the group?
Who is the husband of V?
Six people- T, U, V, W, X and Y are sit along a linear row and face in the north direction. U sits third to the left of W. Neither U nor W sits along th...
Who among the following has ordered from Snapdeal?
Seven persons are sitting in a row. M is sitting with P and R, O is sitting with R and S, who is sitting with O and Q and P is sitting with N and M. Who...
Relevant for Exams:
