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RBI warns banks, NBFCs over extra charges on customers

Banks

RBI warns banks, NBFCs over extra charges on customers

RBI sets average base rate for NBFC-MFI to 7.98%

Industry

RBI sets average base rate for NBFC-MFI to 7.98%

Next bi-monthly MPC review is scheduled on June 4; apex bank had kept key interest rates unchanged after the last MPC meeting held in April

Banks

RBI fixes average base rate at 7.81% for NBFC-MFIs

No adverse impact on gold loan lenders

Markets

NBFC-MFIs to charge 7.81% average base rate in April-June