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MCLR: What it is and Is Switching to MCLR Rate Worth it

MCLR: What it is and Is Switching to MCLR Rate Worth it

Finance Benjamin Lee - December 29, 2023 0

What exactly is MCLR? Banks used the base rate as the benchmark rate for lending until March 31, 2016. It was the interest rate below which banks could not extend loans to potential borrowers. The Reserve Bank of India, India's banking...

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