Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 13th February 2025. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2025 & other competitive exams can make use of these Current Affairs Quiz.

 

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1) Recently, Easebuzz Secured Reserve Bank of India’s License for Online Payment Aggregation. What is the annual Gross Transaction Value (GTV) currently processed by Easebuzz?

(a) USD 10 billion

(b) USD 20 billion

(c) USD 30 billion

(d) USD 40 billion

(e) USD 50 billion

2) What is the revised External Benchmark Lending Rate (EBLR) of Union Bank of India effective from February 11, 2025?

(a) 8.50%

(b) 8.75%

(c) 9.25%

(d) 9.00%

(e) 9.50%

3) According to SEBI's proposal, what will happen if a client is unreachable or funds cannot be credited to their bank account?

(a) The amount will be written off as a loss

(b) The funds will be used for government welfare schemes

(c) The accounts will be placed under "enquiry status"

(d) The stockbroker will keep the funds indefinitely

(e) The client’s trading privileges will be revoked

4) What is the total penalty amount imposed by RBI on Federal Bank Limited and Karur Vysya Bank Limited?

(a) Rs 25.50 lakh

(b) Rs 32.40 lakh

(c) Rs 38.00 lakh

(d) Rs 40.20 lakh

(e) Rs 35.60 lakh

5) How much liquidity did the Reserve Bank of India inject into the banking system through the Variable Rate Repo (VRR) auction?

(a) Rs 1,00,000 crore

(b) Rs 1,50,000 crore

(c) Rs 2,00,000 crore

(d) Rs 2,50,000 crore

(e) Rs 3,00,000 crore

6) Which ministry has launched the ‘Culinary, Crafts & Clicks—Moods & Magic’ festival?

(a) Ministry of Tourism

(b) Ministry of Culture

(c) Ministry of Housing and Urban Affairs (MoHUA)

(d) Ministry of Information & Broadcasting

(e) Ministry of Commerce & Industry

7) Recently (Feb '2025),  President Droupadi Murmu Inaugurates International Conference on Unani Medicine in New Delhi. What was the theme of the International Conference on Unani Medicine?

(a) "Traditional Medicine and Modern Science"

(b) "Innovations in Unani Medicine for Integrative Health Solutions – A Way Forward"

(c) "The Future of Ayurveda and Unani Practices"

(d) "Revolutionizing Healthcare with Herbal Medicine"

(e) "Unani Medicine: Past, Present, and Future"

8) What is the maximum capital expenditure support available for companies setting up Global Capability Centre (GCC) in Gujarat?

(a) ₹50 crore

(b) ₹100 crore

(c) ₹150 crore

(d) ₹200 crore

(e) ₹250 crore

9) On 24th February, Assam will host the world's largest Jhumur dance (also called Jhumoir). Which event will take place in Assam on February 25-26 to attract investors?

(a) Assam Business Summit

(b) North-East Growth Conclave

(c) Invest Assam 2025

(d) Advantage Assam

(e) Assam Startup Expo

10) Which company is responsible for developing the Commercial Operations of 660-MW Unit Khurja Super Thermal Power Plant?

(a) NTPC Ltd

(b) Tata Power

(c) Adani Power

(d) THDC India Ltd (THDCIL)

(e) NHPC Ltd

11) Which app developed by the students was recognized at the Global Best M-Gov Award 2025?

(a) GovAssist

(b) AIHelp

(c) AccessWay

(d) SmartConnect

(e) DigiEase

12) Which of the following international organizations is responsible for compiling the Corruption Perceptions Index (CPI)?

(a) United Nations

(b) Transparency International

(c) World Trade Organization

(d) International Monetary Fund

(e) World Bank

13) What is India’s rank in the World Bank’s Logistics Performance Index (LPI) 2023 for International Shipments?

(a) 38^th

(b) 32^nd

(c) 25^th

(d) 30^th

(e) 22nd

14) As per the report, Adani Defence & Aerospace and Defence Research &Development Organisation (DRDO) unveiled India's Vehicle-Mounted Counter-Drone System at Aero India 2025. Under which framework was the Counter-Drone System developed?

(a) Defence Innovation Programme

(b) Transfer of Technology (ToT) framework

(c) Atmanirbhar Bharat Initiative

(d) Advanced Defence Manufacturing Scheme

(e) Indian Military Modernization Programme

15) Which Indian institute, in collaboration with ISRO, has successfully developed and booted an Atmanirbhar aerospace-quality SHAKTI-based semiconductor chip?

(a) IIT Bombay

(b) IIT Madras

(c) IIT Kanpur

(d) IISc Bangalore

(e) IIT Delhi

16) Which Russian organization has proposed the production of Su-57E in India?

(a) Rostec

(b) Rosoboronexport

(c) Roscosmos

(d) UAC (United Aircraft Corporation)

(e) Sukhoi Design Bureau

17) Which state has been officially announced by the Indian Olympic Association (IOA) to host the 39th edition of the National Games in 2027?

(a) Assam

(b) Meghalaya

(c) Arunachal Pradesh

(d) Nagaland

(e) Tripura

18) Who did Pankaj Advani defeat in the final to win his 10th men’s snooker championship held at Yashwant Club?

(a) Aditya Mehta

(b) Sourav Kothari

(c) Brijesh Damani

(d) Laxman Rawat

(e) Dhruv Sitwala

19) In which year did UNESCO officially proclaimed World Radio Day observed on February 13?

(a) 2005

(b) 2007

(c) 2011

(d) 2013

(e) 2015

20) What does EBLR stand for?

(a) External Banking Loan Rate

(b) External Benchmark Lending Rate

(c) Economic Benchmark Loan Ratio

(d) Equity-Based Lending Rate

(e) Exchange-Based Loan Rate

Answers :

1) Answer: C

Short Explanation:

Easebuzz, a full-stack payment solutions provider, has received final authorization from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator (PA) under the Payment and Settlement Systems Act, 2007.

The platform is currently processing an annual Gross Transaction Value (GTV) of USD 30 billion.

Detailed Explanation:

Easebuzz, a full-stack payment solutions provider, has received final authorization from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator (PA) under the Payment and Settlement Systems Act, 2007.

This approval enables Easebuzz to continue facilitating digital payments for businesses across sectors like eCommerce, Education, Real Estate, and Travel & Tourism.

Easebuzz joins a select group of approved payment aggregators in India, authorized under RBI’s regulatory framework.

The platform is currently processing an annual Gross Transaction Value (GTV) of USD 30 billion.

Serving over 2,00,000 businesses, including SMEs and startups.

Easebuzz is evolving into a full-stack financial operating system by expanding into B2B Payments.

Launched an invoice management and payments platform in partnership with NPCI Bharat BillPay (NBBL).

2) Answer: D

Short Explanation:

Public-sector lender Union Bank of India has revised its External Benchmark Lending Rate (EBLR) to 9.0% from February 11, 2025.

This follows Reserve Bank of India's decision to reduce policy repo rate by 25 basis points to 6.25% on February 07, 2025.

Detailed Explanation:

Public-sector lender Union Bank of India has revised its External Benchmark Lending Rate (EBLR) to 9.0% from February 11, 2025.

This follows Reserve Bank of India's decision to reduce policy repo rate by 25 basis points to 6.25% on February 07, 2025.

Another Mumbai-based lender Bank of India has revised its repo-based lending rate (RBLR) to 9.10% (repo rate - 6.25% plus mark up of 2.85%).

EBLR is linked to external benchmarks, like the repo rate set by the Reserve Bank of India (RBI).

3) Answer: C

Short Explanation:

The Securities and Exchange Board of India (SEBI) has proposed a new framework to address unclaimed funds and securities lying with stock brokers to protect investors' interests.

SEBI has proposed that if a client is unreachable or funds cannot be credited to their bank account, the accounts will be placed under “enquiry status”.

Detailed Explanation:

The Securities and Exchange Board of India (SEBI) has proposed a new framework to address unclaimed funds and securities lying with stock brokers to protect investors' interests.

As of January 31, the total value of unclaimed funds had reached ₹323 crore, while unclaimed securities were valued at ₹182 crore.

Unclaimed securities arise due to incomplete or incorrect demat account details or the non-traceability of clients, legal heirs, or nominees.

SEBI has proposed that if a client is unreachable or funds cannot be credited to their bank account, the accounts will be placed under “enquiry status”.

Stock brokers must attempt to contact clients through all available means and transfer such funds to clearing corporations.

4) Answer: E

Short Explanation:

Reserve Bank of India (RBI) imposed a penalty of Rs 35.60 lakh on Federal Bank Ltd and Karur Vysya Bank Ltd for non-compliance with RBI directions.

Detailed Explanation:

Reserve Bank of India (RBI) imposed a penalty of Rs 35.60 lakh on Federal Bank Ltd and Karur Vysya Bank Ltd for non-compliance with RBI directions.

Federal Bank received the highest penalty of Rs 27.30 lakh for non-compliance with directions on interest rates of deposits.

A statutory inspection by RBI revealed that Federal Bank opened certain savings deposit accounts in the name of ineligible entities.

Karur Vysya Bank was fined Rs 8.30 lakh for failing to comply with directions regarding loan systems for bank credit delivery.

5) Answer: D

Short Explanation:

Reserve Bank of India injects Rs 2,50,000 crore to enhance banking system liquidity through a Variable Rate Repo (VRR) auction.

The Rs 2,50,000 crore amount was decided based on an assessment of liquidity conditions.

Detailed Explanation:

Reserve Bank of India injects Rs 2,50,000 crore to enhance banking system liquidity through a Variable Rate Repo (VRR) auction.

The Rs 2,50,000 crore amount was decided based on an assessment of liquidity conditions.

Daily VRR auctions will continue in Mumbai on all working days, with reversal occurring on the next working day until further notice.

RBI Governor Sanjay Malhotra assured that the central bank is committed to providing sufficient liquidity and will take steps to ensure durable liquidity.

The RBI is closely monitoring the rupee and taking steps to keep the Indian currency stable.

A Morgan Stanley report suggests the RBI may proactively manage liquidity and consider additional measures like OMO purchases or FX swaps as liquidity deficit rises towards end-March.

The RBI Governor highlighted the trade-off between stability and efficiency in formulating regulations.

6) Answer: C

Short Explanation:

The Ministry of Housing and Urban Affairs (MoHUA), in collaboration with MyGov, has introduced the ‘Culinary, Crafts & Clicks—Moods & Magic’ festival.

This initiative aims to showcase India’s rich cultural heritage through food, traditional arts, and photography.

The festival, which is being held at key locations like Kartavya Path and Amrit Udyan, features artisans, photographers, and food enthusiasts.

Detailed Explanation:

The Ministry of Housing and Urban Affairs (MoHUA), in collaboration with MyGov, has introduced the ‘Culinary, Crafts & Clicks—Moods & Magic’ festival.

This initiative aims to showcase India’s rich cultural heritage through food, traditional arts, and photography.

The festival, which is being held at key locations like Kartavya Path and Amrit Udyan, features artisans, photographers, and food enthusiasts.

1. ‘Moods & Magic’ Photography Contest

A major attraction of the festival is the ‘Moods and Magic’ photography contest, which invites photographers to capture India’s public spaces and cultural vibrancy through:

Families enjoying gardens.

Children exploring nature.

Artisans displaying traditional crafts.

Workers maintaining the festival environment.

2. Prizes & Recognition

An expert panel, including renowned photographers and MoHUA officials will judge the contest.

Cash Prizes for Top Winners:

First Prize – ₹50,000

Second Prize – ₹30,000

Third Prize – ₹20,000

7) Answer: B

Short Explanation:

President Droupadi Murmu inaugurated the International Conference on Unani Medicine at Vigyan Bhawan, New Delhi, organized by the Central Council for Research in Unani Medicine (CCRUM) under the Ministry of Ayush.

Themed “Innovations in Unani Medicine for Integrative Health Solutions – A Way Forward”, the event marked Unani Day celebrations and emphasized the role of Unani medicine in modern healthcare.

Detailed Explanation:

President Droupadi Murmu inaugurated the International Conference on Unani Medicine at Vigyan Bhawan, New Delhi, organized by the Central Council for Research in Unani Medicine (CCRUM) under the Ministry of Ayush.

Themed “Innovations in Unani Medicine for Integrative Health Solutions – A Way Forward”, the event marked Unani Day celebrations and emphasized the role of Unani medicine in modern healthcare.

Unani Day is observed in honor of Hakim Ajmal Khan, a legendary Unani physician, freedom fighter, and educationist.

Since 2016, this day has been celebrated to recognize his contributions to Unani medicine in India.

President Murmu highlighted the importance of continuous innovation to ensure Unani medicine remains relevant in today’s healthcare system.

8) Answer: D

Short Explanation:

Gujarat's Global Capability Centre (GCC) Policy 2025-30 was unveiled by Chief Minister Bhupendra Patel at GIFT City on February 11, 2025.

The policy aims to attract 250 new GCCs, generate over 50,000 jobs, and bring in ₹10,000 crore in investments.

Companies setting up GCCs in Gujarat will receive capital expenditure support of up to ₹200 crore, depending on the scale of investment. Additionally, operational expenditure assistance of up to ₹40 crore is assured.

Detailed Explanation:

Gujarat's Global Capability Centre (GCC) Policy 2025-30 was unveiled by Chief Minister Bhupendra Patel at GIFT City on February 11, 2025.

The policy aims to attract 250 new GCCs, generate over 50,000 jobs, and bring in ₹10,000 crore in investments.

Companies setting up GCCs in Gujarat will receive capital expenditure support of up to ₹200 crore, depending on the scale of investment. Additionally, operational expenditure assistance of up to ₹40 crore is assured.

To encourage local hiring, the government will provide a one-time reimbursement covering 50% of one month’s CTC for newly recruited employees, capped at ₹50,000 for men and ₹60,000 for women.

Skill development initiatives will be backed by 75% reimbursement for students and 50% for professionals.

9) Answer: D

Short Explanation:

Assam will host the world's largest Jhumur dance (also called Jhumoir) on 24th February, in the presence of Prime Minister Narendra Modi.

The performance aims to set a Guinness World Record, featuring over 7,500 dancers and artistes.

The two-day investment summit Advantage Assam will take place on February 25-26, showcasing Assam's rich traditions and attracting investors.

Detailed Explanation:

Assam will host the world's largest Jhumur dance (also called Jhumoir) on 24th February, in the presence of Prime Minister Narendra Modi.

The performance aims to set a Guinness World Record, featuring over 7,500 dancers and artistes.

The two-day investment summit Advantage Assam will take place on February 25-26, showcasing Assam's rich traditions and attracting investors.

The event is a platform to promote Assam’s culture and position the state as a new investment destination.

Preparations for the cultural event include master training workshops, district-level performances, and final rehearsals in Guwahati.

Assam had previously set a Guinness World Record for the biggest Bihu dancing performance.

10) Answer: D

Short Explanation:

THDC India Ltd (THDCIL) has entered the domestic thermal energy sector by commencing commercial operations of a 660-MW unit at the Khurja Super Thermal Power Plant (STPP) in Bulandshahr, Uttar Pradesh.

Detailed Explanation:

THDC India Ltd (THDCIL) has entered the domestic thermal energy sector by commencing commercial operations of a 660-MW unit at the Khurja Super Thermal Power Plant (STPP) in Bulandshahr, Uttar Pradesh.

The project, with a total capacity of 1,320 MW (2×660 MW) and an investment of ₹13,000 crore, marks a significant milestone for THDCIL.

The second unit is expected to begin operations soon.

THDCIL’s first venture into thermal power, after operating in hydro, wind, and solar energy.

11) Answer: C

Short Explanation:

Three Indian Computer Science students from Maharaja Agrasen Institute of Technology, New Delhi, secured the Bronze Award at the Global Best M-Gov Award 2025 during the World Government Summit (WGS) in Dubai.

Their AI-powered app, AccessWay, was recognized for its role in enhancing mobile government services and social inclusion for individuals with disabilities.

Detailed Explanation:

Three Indian Computer Science students from Maharaja Agrasen Institute of Technology, New Delhi, secured the Bronze Award at the Global Best M-Gov Award 2025 during the World Government Summit (WGS) in Dubai.

Their AI-powered app, AccessWay, was recognized for its role in enhancing mobile government services and social inclusion for individuals with disabilities.

The award was presented by Mansour bin Zayed Al Nahyan, Vice President of the UAE, along with a cash prize of $10,000.

Winners

Sagar Teotia (Team Lead)

Abhinav Mishra

Anushka Singh

All are fourth-semester Computer Science students from Maharaja Agrasen Institute of Technology, Delhi.

12) Answer: B

Short Explanation:

Transparency International has released the Corruption Perceptions Index (CPI) 2024, ranking India at 96th position out of 180 countries with a score of 38.

This marks a decline from 39 in 2023 and 40 in 2022, reflecting growing concerns over public sector corruption.

Detailed Explanation:

Transparency International has released the Corruption Perceptions Index (CPI) 2024, ranking India at 96th position out of 180 countries with a score of 38.

This marks a decline from 39 in 2023 and 40 in 2022, reflecting growing concerns over public sector corruption.

The CPI measures perceived levels of corruption on a scale from 0 (highly corrupt) to 100 (very clean).

India’s Ranking and Score

Rank: 96th out of 180 countries.

Score: 38 (Down from 39 in 2023 and 40 in 2022).

Past Rankings: 93rd in 2023, 40th in 2022.

Global and Regional Rankings

Least Corrupt Nations:

Denmark (1st)

Finland (2nd)

Singapore (3rd)

Most Corrupt Nations:

South Sudan – Lowest score (8 points), displacing Somalia.

13) Answer: E

Short Explanation:

India has made significant progress in the World Bank’s Logistics Performance Index (LPI) 2023, achieving:

22nd Rank in the International Shipments category

38th Rank in Overall Logistics Performance

Detailed Explanation:

India has made significant progress in the World Bank’s Logistics Performance Index (LPI) 2023, achieving:

22nd Rank in the International Shipments category

38th Rank in Overall Logistics Performance

This reflects India's enhanced efficiency in logistics, particularly in port operations and freight movement.

India’s ports have significantly reduced their turnaround time to 0.9 days, surpassing several developed nations.

Global Comparison (Turnaround Time in Days):

India – 0.9 days (better than major economies)

USA – 1.5 days

Australia – 1.7 days

The Maritime Amrit Kaal Vision 2047 aligns with blue economy principles and aims to revolutionize India's maritime sector.

14) Answer: B

Short Explanation:

India’s Vehicle-Mounted Counter-Drone System was launched at Aero India 2025 under a public-private partnership, developed under DRDO’s Transfer of Technology (ToT) framework.

Detailed Explanation:

India’s Vehicle-Mounted Counter-Drone System was launched at Aero India 2025 under a public-private partnership, developed under DRDO’s Transfer of Technology (ToT) framework.

The system enhances India’s self-reliance in defence and strengthens protection against asymmetric drone threats, reinforcing India's position as a global defence leader.

Adani Defence & Aerospace, in collaboration with Defence Research and Development Organisation (DRDO) unveiled the system in Bengaluru.

The launch event was led by Dr. B.K. Das, Director General (Electronics & Communication System), DRDO, with the presence of defence experts and industry partners.

Aero India 2025 serves as a global platform to showcase India’s advancements in aerospace and defence, reaffirming the country’s position as a key player in the global defence sector.

15) Answer: B

Short Explanation:

Indian Institute of Technology Madras (IIT Madras) and Indian Space Research Organisation have successfully developed and booted an Atmanirbhar aerospace-quality SHAKTI-based Semiconductor Chip.

The SHAKTI microprocessor project is led by Prof. V. Kamakoti at the Prathap Subrahmanyam Centre for Digital Intelligence and Secure Hardware Architecture (PSCDISHA), IIT Madras.

Detailed Explanation:

Indian Institute of Technology Madras (IIT Madras) and Indian Space Research Organisation have successfully developed and booted an Atmanirbhar aerospace-quality SHAKTI-based Semiconductor Chip.

The SHAKTI microprocessor project is led by Prof. V. Kamakoti at the Prathap Subrahmanyam Centre for Digital Intelligence and Secure Hardware Architecture (PSCDISHA), IIT Madras.

The SHAKTI systems are based on RISC-V, an open-source Instruction Set Architecture (ISA) for custom processor design.

It is backed by the Ministry of Electronics and Information Technology under the ‘Digital India RISC-V’ (DIRV) initiative, aiming to promote indigenous microprocessor development with enhanced security and transparency.

16) Answer: B

Short Explanation:

Russia has extended an important offer to India regarding advanced fighter jet production, highlighting a new phase of defence collaboration between the two nations.

Russia’s state-owned defence export company, Rosoboronexport, has proposed the localized production of the Su-57E, the export version of Russia’s 5th-generation fighter jet.

Detailed Explanation:

Russia has extended an important offer to India regarding advanced fighter jet production, highlighting a new phase of defence collaboration between the two nations.

Russia’s state-owned defence export company, Rosoboronexport, has proposed the localized production of the Su-57E, the export version of Russia’s 5th-generation fighter jet.

The offer also includes valuable technological assistance for indigenous Advanced Medium Combat Aircraft (AMCA) project.

Russia’s Su-57E stealth fighter debuted at Aero India 2025 in Bengaluru, with one aircraft for aerial demonstrations and another for static display.

The US-made F-35 Lightning II also participated, leading to comparisons between the two fifth-generation fighters.

17) Answer: B

Short Explanation:

The Indian Olympic Association (IOA) has officially announced that Meghalaya will host the 39th edition of the National Games in February/March 2027.

The decision was conveyed by IOA President PT Usha to Meghalaya Chief Minister Conrad Sangma, marking a major milestone for the northeastern state.

Meghalaya has been granted hosting rights for the 39th National Games in 2027 by the IOA.

Meghalaya will receive the IOA flag during the closing ceremony of the 38th National Games in Uttarakhand (Haldwani).

Detailed Explanation:

The Indian Olympic Association (IOA) has officially announced that Meghalaya will host the 39th edition of the National Games in February/March 2027.

The decision was conveyed by IOA President PT Usha to Meghalaya Chief Minister Conrad Sangma, marking a major milestone for the northeastern state.

Meghalaya has been granted hosting rights for the 39th National Games in 2027 by the IOA.

Meghalaya will receive the IOA flag during the closing ceremony of the 38th National Games in Uttarakhand (Haldwani).

Previous and Upcoming Hosts

38th Edition (2024): Uttarakhand (held in seven cities, main venue: Dehradun)

37th Edition (2023): Goa (held in five cities)

36th Edition (2022): Gujarat

35th Edition (2015): Kerala

39th Edition (2027): Meghalaya

Frequent Hosting in Recent Years

With Meghalaya hosting in 2027, four National Games will have been held within five years, marking a revival of the event after previous delays.

18) Answer: C

Short Explanation:

Pankaj Advani, India’s most decorated cueist, secured his 36th national title and 10th men’s snooker championship at Yashwant Club.

In an impressive comeback, he defeated Brijesh Damani in the final, avenging his group-stage loss.

Detailed Explanation:

Pankaj Advani, India’s most decorated cueist, secured his 36th national title and 10th men’s snooker championship at Yashwant Club.

In an impressive comeback, he defeated Brijesh Damani in the final, avenging his group-stage loss.

This victory guarantees his place in upcoming international championships, further solidifying his status as a cue sports legend.

Secured 36th national gold medal and 10th men’s snooker title.

19) Answer: C

Short Explanation:

World Radio Day is celebrated on 13 February is a date proclaimed by UNESCO to celebrate radio broadcasts, improve international cooperation among radio broadcasters and encourage decision-makers to create and provide access to information through radio, including community radios.

Broadcasting over radio went digital in 1994 when radio streaming started via the internet. This was accompanied by the first internet-only 24-hour radio station.  In 2011, at the 36th session of UNESCO’s General Conference, February 13 was proclaimed as World Radio Day.

Detailed Explanation:

World Radio Day is celebrated on 13 February is a date proclaimed by UNESCO to celebrate radio broadcasts, improve international cooperation among radio broadcasters and encourage decision-makers to create and provide access to information through radio, including community radios.

He sent and received a telegram over the first radio signal in history from Italy in 1895. 

The first radio station in America was established in Pittsburgh in 1919, and the FM radio debuted in 1939.

Broadcasting over radio went digital in 1994 when radio streaming started via the internet. This was accompanied by the first internet-only 24-hour radio station.  In 2011, at the 36th session of UNESCO’s General Conference, February 13 was proclaimed as World Radio Day.

20) Answer: B

About External Benchmark Lending Rate: 

EBLR is linked to external benchmarks, like the repo rate set by the Reserve Bank of India (RBI).

EBLR is used to determine interest rates for home loans, retail loans, and micro and small business loans.

When the repo rate changes, the EBLR also changes.

This directly affects how much you pay on your loans.

About Repo Linked Benchmark Lending Rate:

Repo Linked Benchmark Lending Rate (RBLR) means reference rate for your loan, which is benchmarked, to the Repo Rate published on a predetermined date by the Reserve Bank of India from time to time.

The RBLR will be determined by adding a markup (part of spread) to the Repo Rate published by RBI as detailed in the Schedule.