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Mumbai: Short-term working capital loans are set to get cheaper as banks start adopting the marginal cost of funds-based lending rate (MCLR) from 1 April.
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The Bureau solicits comment on whether to limit the conditional exemption to loans meeting certain cost criteria; and, if so, whether the proposed pricing structure for loans eligible for the proposed exemption in § 1041.
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Service provider has the same meaning as in the Dodd-Frank Wall Street Reform and Consumer Protection Act, .