2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank raises Benchmark Lending Rate by 0.7 per cent?
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ADB
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PNB
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RBI
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SBI
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Explanation:
Detailed explanation-1: -The bank has also raised the base rate by similar basis points to 8.7 per cent, effective Thursday.
Detailed explanation-2: -The increase in the benchmark lending rates comes weeks ahead of the Reserve Bank of India’s (RBI) monetary policy meeting, which is again expected to hike rates to tame inflation.
Detailed explanation-3: -Benchmark Prime Lending Rate (BPLR) revised as 14.15% p.a. w.e.f. 15.12. 2022.
Detailed explanation-4: -For Men: 1.15% above 1 year MCLR i.e. 9.70% p.a. Men: 2.25% above 1 year MCLR i.e. 10.80% p.a. For Women: 2.20% above 1 year MCLR i.e. 10.75% p.a. From 11.05% to 12.05% (CIC Based rates are applicable).
There is 1 question to complete.