Question

Under the Reserve Bank of India's (RB

  • I External Benchmark Linked Rate (EBL
  • R framework (effective October 2019), which category of loans is mandatorily required to be linked to an external benchmark?
A All fixed-rate corporate consortium loans above ₹100 crore
B All new floating-rate retail loans (personal, home, auto) and MSME loans
C External Commercial Borrowings (ECB) denominated in foreign currency
D All agricultural short-term crop loans irrespective of rate structure
E Non-convertible debentures and commercial paper issuances
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