Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.176)

176. 

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

[A]. 8.15%
[B]. 9.21%
[C]. 8.81%
[D]. 9.52%

Answer: Option B

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.

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