Question
According to RBI’s circular on External Benchmark Based Lending, which of the following is not listed as an eligible external benchmark?
Solution
As per RBI’s framework on External Benchmark Based Lending (EBLR), banks are required to link all new floating rate loans (retail and MSME) to an external benchmark. The eligible benchmarks include: • RBI policy repo rate • Government of India 3-Months Treasury Bill yield (published by FBIL) • Government of India 6-Months Treasury Bill yield (published by FBIL) • Any other benchmark market interest rate published by FBIL
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