General Knowledge · General Awareness
Which of the following is correct regarding the interest rate pricing framework for microfinance loans under the RBI guidelines effective from 2022?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A fixed margin cap of 10 percent applies to all large microfinance institutions.
- 2Each lender must have a Board-approved policy for interest rate pricing and maximum limits.✓
- 3Interest rates must be strictly linked to the RBI Repo rate.
- 4Interest rates are capped at 24 percent per annum by the RBI.
Correct answer
Each lender must have a Board-approved policy for interest rate pricing and maximum limits.
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