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What is the full form of BPLR?
A)
Beginners Prime Lending Rate
B)
Benchmark Prime Lending Rate
C)
Beginners Prime Lending Rate
D)
Benchmark Primary Lending Rate

Correct Answer : Option (B) - Benchmark Prime Lending Rate



Benchmark Prime Lending Rate is the rate at which commercial banks charge their customers who are most creditworthy. According to the Reserve Bank of India (RBI), banks can fix the BPLR with the approval of their Boards.

Published On : June 29, 2021
Category : Banking
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