MFIs lower rates with greater efficiency, lower cost of funds Industry-The Economic Times — June 22, 2018 comments off RBI has capped lending rates of NBFC-MFIs at 10% over their cost of funds or 2.75 times the average base rate of five large banks, whichever is less.
RBI has capped lending rates of NBFC-MFIs at 10% over their cost of funds or 2.75 times the average base rate of five large banks, whichever is less.