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- W1578204234 abstract "India is well positioned to become the fourth largest economy in the world by 2025. GDP growth rates of 7-8 percent will be sustainable going forward if key enabling factors have been put in place. One of the enablers in the robust economic growth is the banking sector that is able to adequately and efficiently meet the needs of the Indian economy. For the year 2009-10, Reserve Bank of India constituted a Working Group on Benchmark Prime Lending Rate (Chairman: Shri Deepak Mohanty) to review the present benchmark prime lending rate (BPLR) system and suggest changes to make credit pricing more transparent. In the light of the comments/suggestions received, it has been decided that banks switch over to the system of Base Rate. The BPLR system, introduced in 2003, fell short of its original objective of bringing transparency to lending rates." @default.
- W1578204234 created "2016-06-24" @default.
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- W1578204234 date "2010-01-01" @default.
- W1578204234 modified "2023-09-25" @default.
- W1578204234 title "Base Rate: A Revolution or Another Excuse" @default.
- W1578204234 doi "https://doi.org/10.2139/ssrn.1666709" @default.
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