RBI sets average base rate of 9.18% for NBFC-MFI borrowers for July quarter

Mumbai, Jun 28: The Reserve Bank of India (RBI) on Friday set an average base rate of 9.18 per cent for non-banking financial companies and micro finance institutions to be charged from their customers for the quarter beginning July 1.
“The applicable average base rate to be charged by non-banking financial companies and micro finance institutions (NBFC-MFIs) to their borrowers for the quarter beginning July 1, 2019 will be 9.18 per cent,” RBI said in a release.