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Should you take loans linked to benchmarks other than repo rate? Which banks offer these?

The Reserve Bank of India (RBI) had ordered banks to interface financing costs on advances to outer benchmarks. This became effective from October 1, 2019. Other than the RBI’s repo rate, banks are permitted to connect the financing costs they charge on credits to other outside benchmarks, for example, Treasury charge (T-charge) yields, Mumbai Interbank Outright Rate (MIBOR) and so forth.

As indicated by the national bank’s money related approach report for April 2020, “After the presentation of the outside benchmark syst ..