https://img.etimg.com/photo/88311707.cmsThe Reserve Bank of India sets the minimum rate of interest, which all banks use as their standard rate. Banks are not allowed to lend at a rate lower than the central bank's predetermined base rate.
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https://img.etimg.com/photo/88311707.cmsThe Reserve Bank of India sets the minimum rate of interest, which all banks use as their standard rate. Banks are not allowed to lend at a rate lower than the central bank's predetermined base rate.
More...