Reserve Bank of India (RBI) releases New Guidelines for How Banks Determine Base Interest Rates based on the marginal cost of funds. The New rules will be effective from ?
A. 1st January 2016
B. 1st July 2016
C. 1st March 2016
D. 1st April 2016
Answer:D
Reserve Bank of India (RBI) releases New Guidelines for How Banks Determine Base Interest Rates based on the marginal cost of funds. The New rules will be effective from ?
A. 1st January 2016 B. 1st July 2016 C. 1st March 2016 D. 1st April 2016