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Question

Banks are required to use External Benchmark lending rate for which of the following types of the loans:

A All new floating rate personal or retail loans (housing, auto, etc.)

B floating rate loans extended by banks to Micro and Small Enterprises from October 01, 2019

C floating rate loans to Medium Enterprises from April 01, 2020

D floating rate loans to Medium Enterprises from April 01, 2022

E All of the above (a, b and c)

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