2018
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which bank Reduces Base Rate and Benchmark Prime Lending Rates Each by 30 bps?
|
|
Dena Bank
|
|
|
State Bank of India
|
|
|
Canara Bank
|
|
|
UCO Bank
|
Explanation:
Detailed explanation-1: -Reserve Bank of India - Lending Rates.
Detailed explanation-2: -Meanwhile, Bank of Baroda has hiked MCLR by 10-15 bps on some tenors, effective July 12.
Detailed explanation-3: -Reserve Bank of India (RBI), the central banking institution of India controls the monetary policy of the Indian currency. The key repo rate has been hiked on 7 December 2022 by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) by 35 basis point to 6.25%.
There is 1 question to complete.