How lenders game the system

Benchmarks can be changed, but without any action on errants banks who are gaming the system, borrowers will be on the losing side

Let’s understand the report of the Internal Study group, set up by the Reserve Bank of India (RBI) to review the working of the marginal cost of funds-based lending rate (MCLR) system of fixing loan rates, through a cricketing analogy.
  

Imagine this hypothetical situation. For some time, there is a feeling that bowlers are tampering with the ball to obtain prodigious swing. They even use sharp objects to tamper with the seam. They have been reported by various official committees but have been getting away due to the benefit of doubt. International Cricket Council after several meetings, decides that it