Decoding MCLR: A Comprehensive Guide For Borrowers And Investors
In the dynamic world of finance, MCLR plays an important role in shaping borrowing and lending activities. One such important benchmark in India’s banking sector is a Marginal Cost Of Funds Based Lending Rate (MCLR). In 2016, introduced by the Reserve Bank of India (RBI), It serves as a minimum interest rate, below which banks