BPLR and Base Rates

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BPLR and Base Rates

  • The 'Benchmark PLR' of the Bank has been revised downward from the current 18.60% to 18.50% with effect from July 02, 2015
  • Base Rate of Kotak Mahindra Bank Ltd with effect from July 02, 2015: 9.75%
    (In-house benchmark rate linked to which loans are priced)

Advantages of Base Rate:

"The Base Rate system is aimed at enhancing transparency in lending rates of banks and enabling better assessment of transmission of monetary policy"