Loan framework: RBI proposes new MCLR formula based on 3-month moving average of funding costs
2 sources·Updated August 15, 2026
Covered by 2 sources
- Mint Business·16h agoRBI proposes 3-month MCLR reset for loans: What could change for borrowers and their monthly EMIs
RBI has proposed a new MCLR formula using a three-month moving average of banks’ marginal funding costs. The draft also proposes a three-month reset period for MCLR-linked loans and aims to make loan pricing more transparent.
Read at Mint Business → - Business Today IN·17h agoLoan framework: RBI proposes new MCLR formula based on 3-month moving average of funding costs
The RBI has proposed a new formula for calculating banks’ Marginal Cost of Funds Based Lending Rate (MCLR), using a three-month moving average of the marginal cost of domestic deposits and borrowings. The proposed methodology is part of a broader framework to make loan pricing…
Read at Business Today IN →
