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Discussion

RBI has made it mandatory for banks to link all new floating rate personal or retail loans and floating rate loans to Micro and Small Enterprises extended by banks to external benchmark date by which date?

  • A.1st April, 2019
  • B.1st July, 2019
  • C.1st October, 2019
  • D.1st March, 2020

Answer: C

RBI has decided to link all new floating rate personal or retail loans (housing, auto, etc.) and floating rate loans to Micro and Small Enterprises extended by banks with effect from October 01, 2019 to external benchmarks

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