The Reserve Bank sets the average base rates of NBFC-MFI. It is; – InterviewSolution

InterviewSolution

1.	The Reserve Bank sets the average base rates of NBFC-MFI. It is;
Answer» The Reserve Bank set the average base rate to be charged from borrowers by non-banking financial companies (NBFCs) and micro-finance institutions (MFIs) at 9.21% for the first quarter of the next fiscal (April-June). The regulator in February 2014 had issued directions to NBFC-MFIs regarding pricing of credit.

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