Decoding MCLR: Should you switch from Base Rate to MCLR?
Reserve Bank of India has directed all scheduled commercial banks to shift to MCLR (Marginal Cost of Funds based Lending
Reserve Bank of India has directed all scheduled commercial banks to shift to MCLR (Marginal Cost of Funds based Lending
Starting April 1 this year, all new floating rate loans moved to MCLR regime. MCLR stands for Marginal Cost of