External Benchmark Lending Rate (EBLR)

In compliance to Master Direction - Reserve Bank of India (Interest Rate on Advances) Directions, 2016 issued vide RBI/DBR/2015-16/20 DBR.Dir.No.85/13.03.00/2015-16 dated March 3, 2016 (updated on September 12, 2023), the Bank has adopted two External Benchmark Lending Rate i.e., Treasury Bill Lending Rate (TBLR-EBLR) and Repo Lending Rate (RPLR-EBLR). The Bank has defined its TBLR as the 30 days average of 12-month Treasury Bill.

The EBLR shall be reviewed at monthly intervals and the reset of rates at an account level shall be undertaken at least at quarterly intervals from the date of first disbursement.