Yes Bank BPLR

Question

What do you mean by BPLR in yes bank reference would you plz let me know about the same , as my one of the friend asking me for the same here ??

Answer
Yes Bank is India’s fifth largest private sector bank, founded by Rana Kapoor and Ashok Kapur in 2004. Yes Bank is the only Greenfield Bank licence awarded by the RBI in the last one decade.

Benchmark Prime Lending Rate (BPLR), is the reference interest rate based on which a bank lends to its credit worthy borrowers. Normally, loans are given out a little more or a little less than this reference interest rate. All retail loans are linked to the BPLR or the PLR.

Bank profile:

Type Public company
Traded as BSE: 532648
NSE: YESBANK
Industry Banking & financial services
Founded 2004
Founder Rana Kapoor
Ashok Kapur
Headquarters Mumbai, India
Key people Rana Kapoor (Managing Director & CEO)
Products Banking and financial servicesSMEs
Revenue 23,500 crore (US$3.7 billion) (30 July 2015
Net income 3,000 crore (US$470 million) (2015)
Total assets 91,000 crore (US$14 billion) (July,2015)

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