REGULATING NON-BANKING

This role is, perhaps, the most unheralded aspect of our activities, yet it remains among the most critical. This includes ensuring credit availability to the productive sectors of the economy, establishing institutions designed to build the country’s financial infrastructure, expanding access to affordable financial services and promoting financial education and literacy.


(315 kb)
Date : Mar 31, 2015
Applicable Average Base Rate to be 10.09% for credit by NBFC-MFIs for the quarter beginning April 01, 2015

The Reserve Bank of India has advised that the applicable rate for credit by NBFC-MFIs for the quarter beginning April 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.

Sangeeta Das
Director

Press Release : 2014-2015/2066


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