Current Affairs · Banking Sector Reforms
In October 2025, the RBI issued new guidelines for easing loan EMI payments for financially stressed borrowers. Which of the following is/are part of the RBI's new directives? 1. Banks can now immediately reduce the spread in floating rate loans when RBI lowers benchmark rates, removing the earlier three-year restriction. 2. Borrowers must pay penal interest in case of delayed EMI payments even if the loan is stressed. 3. Banks must offer borrowers an option to switch between fixed and floating interest rates at reset periods every six months.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 1 and 2
- 2Both 1 and 3✓
- 3Only 1
- 4Only 3
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Both 1 and 3
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