Start learning 50% faster. Sign in now
All floating rate rupee loans sanctioned and renewed w.e.f. April 1, 2016 shall be priced with reference to the Marginal Cost of Funds based Lending Rate (MCLR) which will be the internal benchmark for such purposes subject to the provisions contained in paragraph 7 of this Master Direction. The MCLR shall comprise of: a. Marginal cost of funds; b. Negative carry-on account of CRR; c. Operating costs; d. Tenor premium.
Two trains approach each other at 22 kmph and 25 kmph from 2 places 282 km apart. After how many hours they will meet?