Question

As per Reserve Bank of India (Interest Rate on Advances) Directions, 2016 regarding External Benchmark can a bank adopt multiple benchmarks within a loan category?

A Yes, as long as they are published by FBIL
B No, multiple benchmarks are not allowed within a loan category
C Yes, if approved by the Reserve Bank of India
D Yes, if it benefits the borrowers
E None of the above
Practice Next

Hey! Ask a query