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What is the abbreviation of MCLR? 
  • a)
    Marginal Cost of Funds Based Lending Rate
  • b)
    Maximum Cost of Funds Based Lending Rate
  • c)
    Minimum Cost of Funds Based Lending Rate
  • d)
    Marginal Cost of Funds Based Leading Repo Rate
  • e)
    Marginal Capture of Funds Based Lending Rate
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
What is the abbreviation of MCLR?a)Marginal Cost of Funds Based Lendin...
Answer – 1. Marginal Cost of Funds Based Lending Rate
Explanation

Marginal Cost of Funds Based Lending Rate (MCLR), introduced by RBI from April 1, 2016 is the minimum interest rate of a bank below which it cannot lend. MCLR was introduced to replace the base rate mechanism. However only around 40 per cent of the corporate portfolio and one-fourth of retail portfolio are currently under the MCLR regime.
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What is the abbreviation of MCLR?a)Marginal Cost of Funds Based Lending Rateb)Maximum Cost of Funds Based Lending Ratec)Minimum Cost of Funds Based Lending Rated)Marginal Cost of Funds Based Leading Repo Ratee)Marginal Capture of Funds Based Lending RateCorrect answer is option 'A'. Can you explain this answer?
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What is the abbreviation of MCLR?a)Marginal Cost of Funds Based Lending Rateb)Maximum Cost of Funds Based Lending Ratec)Minimum Cost of Funds Based Lending Rated)Marginal Cost of Funds Based Leading Repo Ratee)Marginal Capture of Funds Based Lending RateCorrect answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about What is the abbreviation of MCLR?a)Marginal Cost of Funds Based Lending Rateb)Maximum Cost of Funds Based Lending Ratec)Minimum Cost of Funds Based Lending Rated)Marginal Cost of Funds Based Leading Repo Ratee)Marginal Capture of Funds Based Lending RateCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the abbreviation of MCLR?a)Marginal Cost of Funds Based Lending Rateb)Maximum Cost of Funds Based Lending Ratec)Minimum Cost of Funds Based Lending Rated)Marginal Cost of Funds Based Leading Repo Ratee)Marginal Capture of Funds Based Lending RateCorrect answer is option 'A'. Can you explain this answer?.
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