Pricing of credit by NBFC-MFIs- applicable average base rate

Updated List of Average of Base rates of 5 largest commercial banks – as notified by RBI on the last day of the last working day of the previous quarter, which determines interest rates for the ensuing quarter:

Quarter beginning with	Quarter, FY	Avg. of base rates of 5 largest commercial banks (%)	Link	Avg. of base rates X 2.75 (%)
Circular dated Feb, 7 , 2014			Click here
Quarter beginning July 1, 2014	Q2, 2014-15	10.09	Click here	27.75
Quarter beginning Oct 1, 2014	Q3, 2014-15	10.09	Click here	27.75
Quarter beginning Jan 1, 2015	Q4, 2014-15	10.09	Click here	27.75
Quarter beginning April 1, 2015	Q1, 2015-16	10.09	Click here	27.75
Quarter beginning July 1, 2015	Q2, 2015-16	9.89	Click here	27.2
Quarter beginning Oct1, 2015	Q3, 2015-16	9.82	Click here	27.01
Quarter beginning Jan 1, 2016	Q4, 2015-16	9.45	Click here	25.99
Quarter beginning Apr 1, 2016	Q1, 2016-17	9.44	Click here	25.96
Quarter beginning July 1, 2016	Q2, 2016-17	9.44	Click here	25.96
Quarter beginning Oct 1, 2016	Q3, 2016-17	9.44	Click here	25.96
Quarter beginning Jan 1, 2017	Q4, 2016-17	9.41	Click here	25.88
Quarter beginning Apr 1, 2017	Q1, 2017-18	9.35	Click here	25.71
Quarter beginning July 1, 2017	Q2, 2017-18	9.22	Click here	25.35

Cheers!