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.


PDF document (303 kb)
Date : Dec 31, 2019
Applicable Average Base Rate to be charged by NBFC-MFIs for the Quarter Beginning January 1, 2020

The Reserve Bank of India has today communicated that the applicable average base rate to be charged by Non-Banking Financial Company–Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter beginning January 1, 2020 will be 9.16 per cent.

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

Ajit Prasad
Director  

Press Release : 2019-2020/1550


2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
Archives
Top