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5) What do you understand by marginal cost of funds based lending rate (MCLR)? Recently many banks including SBI reduced MCLR. Examine the reasons for and benefits of this move.

Topic: Indian economy – growth and development

5) What do you understand by marginal cost of funds based lending rate (MCLR)? Recently many banks including SBI reduced MCLR. Examine the reasons for and benefits of this move. (200 Words)

The Hindu

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