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    Question

    From when will RBI’s bar on prepayment penalties for

    floating rate loans to MSEs be effective? 
    A April 1, 2025 Correct Answer Incorrect Answer
    B December 1, 2025 Correct Answer Incorrect Answer
    C January 1, 2026 Correct Answer Incorrect Answer
    D July 1, 2025 Correct Answer Incorrect Answer
    E March 1, 2026 Correct Answer Incorrect Answer

    Solution

    RBI’s directive to eliminate prepayment penalties on floating rate loans to MSEs applies to loans sanctioned or renewed on or after January 1, 2026. 

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