All bank loans, including home loans, taken are now linked to the bank's marginal cost of funds based lending rate (MCLR). MCLR has effective from? [IBPS Main 2016]

All bank loans, including home loans, taken are now linked to the bank

1.	All bank loans, including home loans, taken are now linked to the bank's marginal cost of funds based lending rate (MCLR). MCLR has effective from? [IBPS Main 2016]
A.	January 1, 2016
B.	September 1, 2015
C.	April 1, 2015
D.	April 1, 2016
E.	None of these
Answer» E. None of these

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All bank loans, including home loans, taken are now linked to the bank's marginal cost of funds based lending rate (MCLR). MCLR has effective from? [IBPS Main 2016]

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