RBI proposes 3-month MCLR reset for loans: What could change for borrowers and their monthly EMIs

RBI has proposed a new MCLR formula using a three-month moving average of banks’ marginal funding costs. The draft also proposes a three-month reset period for MCLR-linked loans and aims to make loan ...
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Loan framework: RBI proposes new MCLR formula based on 3-month moving average of funding costs

The Reserve Bank of India (RBI) has proposed changes to the way banks calculate their Marginal Cost of Funds Based Lending Rate (MCLR), suggesting that the marginal cost of funds should be determined ...