Which among the following is not the benchmark rate for calculating lending rate by banks?

The lending rate is determined by banks based on internal benchmarks or external benchmark rates. • The internal benchmark rates include prime lending rate (PLR), BPLR (benchmark PLR), base rate or MCLR  But, in the context of the banking system’s failure to correctly transmit the interest rate directions of the RBI, the central bank has decided to instruct banks to follow some external benchmarks for setting their interest rate. • The RBI in the circular identified the following external benchmarks for banks to follow: o Reserve Bank of India policy repo rate. o Government of India 3-Months Treasury Bill yield published by the Financial Benchmarks India Private Ltd. (FBIL). o Government of India 6-Months Treasury Bill yield published by the FBIL. o Any other benchmark market interest rate published by the FBIL.