MFIs lower rates with greater efficiency, lower cost of funds

RBI has capped lending rates of NBFC-MFIs at 10% over their cost of funds or 2.75 times the average base rate of five large banks, whichever is less.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2K0vN3K

If you have any query Please comment below and share this information with other.
Thanks 😊

ConversionConversion EmoticonEmoticon

:)
:(
=(
^_^
:D
=D
=)D
|o|
@@,
;)
:-bd
:-d
:p
:ng
:lv
Thanks for your comment