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Who gets the prime rate?

The preferred customers of the commercial banks get the prime rate. The individual banks determine the prime rate and it is not determined by the... View Article

What is the RBI base rate?

The minimum rate set by the Reserve Bank of India (RBI), below which banks cannot lend to its customers, is known as base rate. To make sure that... View Article

What is the MCLR system?

The Marginal Cost of Funds Lending Rate (MCLR) is a system which replaced the base rate system. This replacement was done by the RBI. The MCLR... View Article