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?Solution
External Benchmark (a) All new floating rate personal or retail loans (housing, auto, etc.) and floating rate loans extended by banks to Micro and Small Enterprises from October 01, 2019 and floating rate loans to Medium Enterprises from April 01, 2020 shall be benchmarked to one of the following: - Reserve Bank of India policy repo rate - Government of India 3-Months Treasury Bill yield published by the Financial Benchmarks India Private Ltd (FBIL) - Government of India 6-Months Treasury Bill yield published by the FBIL - Any other benchmark market interest rate published by the FBIL. (b) Banks are free to offer such external benchmark linked loans to other types of borrowers as well. (c) In order to ensure transparency, standardization, and ease of understanding of loan products by borrowers, a bank must adopt a uniform external benchmark within a loan category; in other words, the adoption of multiple benchmarks by the same bank is not allowed within a loan category.
The triple-bottom-line is a reference to improving the state of people, the planet, and _________ simultaneously.
A group of products that are closely related because they satisfy a class of needs, are used together, are sold to the same customer group, are distribu...
The marketing concept aims to achieve profits through:
Which pricing strategy is most suitable for launching an innovative banking app?
Targeting a single segment very deeply is called:
The number of times a Facebook Page is loaded in a given time period is referred to as
In what way are traditional and social media similar?
In the buying decision process, what follows evaluation of alternatives?
Which action most improves responsiveness in banking service?
Which action most improves competitive positioning in saturated market?
