Click here to Visit the RBI’s new website

BBBPLogo

Press Releases

PDF document (327 kb)
Date : Mar 31, 2021
Applicable Average Base Rate to be charged by NBFC-MFIs for the Quarter Beginning April 1, 2021

The Reserve Bank of India has today communicated that the applicable average base rate to be charged by Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter beginning April 1, 2021 will be 7.81 per cent.

It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014, issued to NBFC-MFIs regarding pricing of credit, stated that it will, on the last working day of every quarter, advise the average of the base rates of the five largest commercial banks for the purpose of arriving at the interest rates to be charged by NBFC-MFIs to their borrowers in the ensuing quarter.

Ajit Prasad
Director   

Press Release: 2020-2021/1322


2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Archives
Top