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Banking General Awareness Banking Regulation System of India Question Bank Previous Years Questions - Credit Functions of Banks

  • question_answer
    All bank loans, including home loans, taken are now linked to the bank's marginal cost of funds based lending rate (MCLR). MCLR has effective from?                 [IBPS Main 2016]

    A)  January 1, 2016

    B)  September 1, 2015

    C)  April 1, 2015

    D)  April 1, 2016

    E)  None of these

    Correct Answer: D

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