Question

Under which act did the Reserve Bank of India (RBI)

Q: Answer-Under which act did the Reserve Bank of India (RBI) introduce the 'Marginal Cost of Funds Based Lend...

The RBI introduced the MCLR system under the Banking Laws Amendment Act, 2012, to improve transparency in the determination of lending rates by banks.

introduce the 'Marginal Cost of Funds Based Lending Rate' (MCLR) system to determine lending rates?

A RBI Act, 1934

B Banking Regulation Act, 1949

C Companies Act, 2013

D Negotiable Instruments Act, 1881

E Banking Laws (Amendment) Act, 2012

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Under which act did the Reserve Bank of India (RBI)

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