Press Releases

(110 kb)
Date : Dec 31, 2014
Applicable Average Base Rate to be 10.09% for NBFC-MFIs on Credit in Next Quarter

The Reserve Bank of India has communicated that the applicable rate for credit by NBFC-MFIs for the quarter beginning January 01, 2015 is 10.09 per cent.

It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014 issued to NBFC-MFIs, communicated that it will advise the average of the base rates of the five largest commercial banks on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-MFI to its borrowers in the ensuing quarter.

Ajit Prasad
Assistant General Manager

Press Release : 2014-2015/1367


2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Archives
Server 214
Top