Question
RBI asked banks to switch to MCLR from the Base Rate regime, because MCLR is helpful in?
RBI asked banks to switch to MCLR from the Base Rate regime, because MCLR is helpful in?
i. Quicker transmission of monetary policy
ii. Bringing transparency in the loan pricing of the banks
iii. Availability of bank credit at competitive interest rate iv Meeting priority sector lending targets of the bank
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