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This bank reduced the base rate by 45 bps recently.
  • a)
    UCO Bank
  • b)
    Bank of Baroda
  • c)
    Allahabad Bank
  • d)
    Punjab National Bank
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
This bank reduced the base rate by 45 bps recently.a)UCO Bankb)Bank of...
Allahabad Bank announced that, it has reduced the base rate and benchmark prime lending rate (BPLR) by 45 basis points each. The Asset Liability Management Committee (ALCO) of Allahabad bank decided to decrease base rate and BPLR (benchmark prime lending rate) by 45 basis points. Allahabad Bank has reduced base rate to 9.15 per cent from 9.60 per cent. BPLR has been reduced to 13.40 per cent from 13.85 per cent. These revised rates will be effective from 2nd April 2018. This move will reduce EMIs for its borrowers.
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This bank reduced the base rate by 45 bps recently.a)UCO Bankb)Bank of Barodac)Allahabad Bankd)Punjab National BankCorrect answer is option 'C'. Can you explain this answer?
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