Banks may struggle to fully transmit repo rate cuts on high share of MCLR-linked loans

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About 39.4 per cent of outstanding floating rate loans of scheduled commercial banks (SCBs) were still linked to MCLR and other older benchmarks like the base rate and benchmark prime lending rate, as of end-December 2024.

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Banks may struggle to fully transmit repo rate cuts on high share of MCLR-linked loans

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