what is BPLR ?

In a powerful banking and big, which means BPLR Benchmark Prime Lending Rate. BPLR is the interest rate that commercial banks usually charge (or we can say they are expected to fill) that most of their customers' credit-worthy of them legitimate. Although under the terms of the Reserve Bank of India, the Bank is free to fix the Benchmark Prime Lending Rate (BPLR) for credit limits over Rs.2 lakhs with the consent of the Council has not BPLR each must be published and made uniformly applicable at all branches. The banks may authorize their Asset Liability Management (ALCO) to fix interest rates Deposits and Advances, subject to their report to the Board shortly thereafter. The banks also must declare the maximum spread over BPLR with the approval of the ALCO / Board for all advances.