Economy, asked by harkishan7377, 11 months ago

As per the new guidelines by rbi bank have to prepare which rate which will be internal benchmark lending rates

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Answered by rkgoyal554

0

The RBI therefore has today issued a circular making it mandatory for banks to link all new floating rate personal or retail loans and floating rate loans to MSMEs to an external benchmark effective October 1, 2019. The banks are free to choose one of the several benchmarks indicated in the circular.

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