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External Benchmark (a) All new floating rate personal or retail loans (housing, auto, etc.) and floating rate loans extended by banks to Micro and Small Enterprises from October 01, 2019 and floating rate loans to Medium Enterprises from April 01, 2020 shall be benchmarked to one of the following: - Reserve Bank of India policy repo rate - Government of India 3-Months Treasury Bill yield published by the Financial Benchmarks India Private Ltd (FBIL) - Government of India 6-Months Treasury Bill yield published by the FBIL - Any other benchmark market interest rate published by the FBIL. (b) Banks are free to offer such external benchmark linked loans to other types of borrowers as well. (c) In order to ensure transparency, standardization, and ease of understanding of loan products by borrowers, a bank must adopt a uniform external benchmark within a loan category; in other words, the adoption of multiple benchmarks by the same bank is not allowed within a loan category.
The CRR cut will only benefit the banks and not the industry, which is suffering of high interest rates and slow demand.
Given below are sentences with an error in each. The error is in one part of the sentence. Below each sentence are given the options containing the pa...
Spot the grammatical errors in the given sentence. Mark the part with error as your answer. If there is no error, mark "No error" as the answer. (Ignor...
As solar activity continues to escalate, scientists advise those interested in view of auroras to stay alert for potential displays across various regio...
Stretching the election period beyond 36 days would have been unfair to the voters and candidates, which will have to go through a gruelling campaign in...
Parts of the following sentence are given as options. Identify the segment that contains a grammatical error.
During winters in Delhi, flights...
The immense contribution of women (1)/to all spheres of life (2)/are often overlooked, (3)/unfairly valued, and hardly rewarded (4).
There was a spurt in Kerala, with 28 new cases reported — the largest in any Indian state in a single day.
The poor pay a disproportionate higher percent of their income towards out-of-pocket expenses than the rich.
In the sentence, identify the segment which contains the grammatical error.
Several work of art were stolen from the town museum yesterday.
