Question

    Which benchmark has been mandated by RBI for floating

    rate loans to retail and MSME borrowers?
    A Base Rate Correct Answer Incorrect Answer
    B MCLR Correct Answer Incorrect Answer
    C Repo Linked Lending Rate (RLLR) Correct Answer Incorrect Answer
    D Bank Prime Lending Rate Correct Answer Incorrect Answer
    E Reverse Repo Rate Correct Answer Incorrect Answer

    Solution

    RBI has mandated that all new floating rate retail and MSME loans be linked to an external benchmark, most commonly the repo rate.

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