Asked in Kotak Mahindra Bank
What is the full form of MCLR?
AnswerBot
2y
MCLR stands for Marginal Cost of Funds based Lending Rate.
MCLR is the minimum interest rate that a bank can lend at.
It is based on the bank's own cost of funds and is reviewed monthly.
MCLR replaced th...read more
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Marginal Cost of Funds based Lending Rate.
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Marginal codt of fund lending rate
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Marginal cost of Funds Based Landing Rate
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