In RBI's recent report on "Monetary Transmission in India", the share of outstanding loans related to external benchmark lending rates increased to what amount in March 2021?

• A. 21%
• B. 28.5%
• C. 43.5%
• D. 4.5%

Answer: (B)

In RBI's recent report on "Monetary Transmission in India", the share of outstanding loans related to external benchmark lending rates (EBLR-similar to repo rate) increased from as low as 2.4% in September 2019 to 28.5% in March 2021.