In 2011, the Reserve Bank freed savings rates, the last bastion of mandated interest rate in Indian banking. For better transmission of the monetary policy, the Indian central bank has also been continuously evolving the benchmark loan rates of banks for better monetary transmission – from prime lending rate to base rate to MCLR or marginal cost of funds based lending rate. And now, it is looking for an external benchmark to which the banks will link their loan rates. ‘From Lehman to Demonetization’ explains all these in a lucid way without any jargons. If you want to know about banking and central banking, this is your book. -  http://amzn.to/2AucbeQ …see more