Economy, asked by borkarganesh12, 9 months ago

what is external benchmark realated to loans?

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Answered by Parnaazkaur13

Answer:

The external benchmark regime

In its press release, RBI mandated that from October 1, all new floating rate personal or retail loans (housing, auto etc.) shall be linked to an external benchmark. Banks are free to choose from any of the external benchmark mentioned below: a) RBI's policy repo rate.

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