Question

From the July Quarter, 2019 the Reserve Bank has set a

Q: Answer-From the July Quarter, 2019 the Reserve Bank has set a Base rate of how much % for NBFC (Non-banking...

The average base rate for non-banking financial companies and micro finance institutions has been revised by the Reserve Bank of India and has been set to 9.18, which was implemented from the quarter beginning July 2019.

Base rate of how much % for NBFC (Non-banking Financial Companies and Micro Finance Institutions) ?

A 10.1%

B 9.18%

C 9.21%

D 6.18%

E None of these

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From the July Quarter, 2019 the Reserve Bank has set a

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