Rate cut to boost private investment, resolve debt overhang: Urjit Patel
RBI Deputy governor Viral B Acharya chipped in saying that addressing the twin balance sheets problem remains the RBI's top priority at the moment as this will help reinvigorate private investments.
Aug 02, 2017, 18:46 PM IST
Canara Bank revises lending rates based on MCLR
Public sector Canara Bank on Wednesday said it has revised the lending rates based on the marginal cost of funds (MCLR) for May to 8.80-9.35 percent.
May 04, 2016, 17:42 PM IST
Fixed rate loans up to 3 years to be based on marginal cost: RBI
From next month, all banks will follow Marginal Cost of Funds based Lending Rate (MCLR) system, a new uniform methodology which will ensure fair interest rates to borrowers as well as to banks.
Mar 29, 2016, 20:14 PM IST
