Receive Daily Updates by Email (Free Subscription)

[RBI] Review of Guidelines on “Pricing of Credit”


“NBFC-MFIs shall ensure that the average interest rate on loans during a financial year does not exceed the average borrowing cost during that financial year plus the margin, within the prescribed cap.”
2. Since average base rate of banks is published by RBI on quarterly basis, it has been decided to modify the above mentioned instructions as under:
“NBFC-MFIs shall ensure that the average interest rate on loans sanctioned during a quarter does not exceed the average borrowing cost during the preceding quarter plus the margin, within the prescribed cap.”

No comments:

Post a Comment

Share your valuable opinion or your query here.