Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1598)

2019-04-01 Banking

1598.

The Reserve Bank sets the average base rates of NBFC-MFI. It is;

8.15%

9.21%

8.81%

9.52%

Answer: Option

Explanation:

The Reserve Bank set the average base rate to be charged from borrowers by non-banking financial companies (NBFCs) and micro-finance institutions (MFIs) at 9.21% for the first quarter of the next fiscal (April-June). The regulator in February 2014 had issued directions to NBFC-MFIs regarding pricing of credit.