General Knowledge · General Awareness
Consider the following statements regarding External Benchmark Lending Rate (EBLR) framework introduced by RBI: Statement I: All new floating rate retail loans sanctioned by commercial banks from October 1, 2019, must be linked to an external benchmark. Statement II: Banks can change their spread/margin over the benchmark every time the Repo Rate changes. Statement III: Under EBLR, the interest rate must be reset at least once every three months. Which of the statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only I
- 2Only I and II
- 3Only I and III✓
- 4I, II and III
Correct answer
Only I and III
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