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External Benchmarks Lending Rate

  Sep 03, 2021

External Benchmarks Lending Rate

Q Why is it in News ?

A According to a recent RBI report on ‘Monetary transmission in India’, the share of outstanding loans linked to External Benchmarks Lending Rate (EBLR - like repo rate), increased from as low as 2.4% during September 2019 to 28.5% during March 2021.

Q What is Internal Benchmark Lending Rate ? 

A Internal Benchmark Lending Rate (IBLR):

 

Q What is BPRL, Base Rate and MCLR ? 

Q What are issues related to IBLR linked loans ? 

Q What is External Benchmark Lending rate and what are its benefits ? 

Q What are Benefits of EBLR ? 

Q What can be Way Forward ?