In this episode of Why Not Mint Money, Mint's Maulik speaks to Anil Gupta, Vice President & Co-Group Head - Financial Sector Ratings, ICRA, about floating rate bank loans. The interest rate on such loans is not fixed and is linked to the repo rate or the MCLR, which is the marginal cost of lending rate. Will the recent hike in the MCLR by a few banks or the widely expected hike in the repo rate by the RBI, as and when it happens, impact retail borrowers like you and me? Tune in, to know more.
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