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What is benchmark prime lending rate?

By IndianMoney , 6 months ago

1. Benchmark Prime Lending Rate (BPLR) is the rate at which commercial banks charge their customers who are most credit worthy. 2. According to the Reserve Bank of India (RBI), banks can fix the BPLR with the approval of their Boards. 3. However, the BPLR system failed to bring transparency in the lending rates of the banks.

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