Discussion
What is the full form of "BBR"?
Answer: A
Correct answer: Bank Base Rate
The bank base rate is the reference rate a bank sets, on which its lending rates to customers are built - a loan being priced at the base rate plus a spread reflecting the borrower's risk and the tenor.
The point of such a system is transparency: the reference is published, so a change in it moves every linked loan visibly and identically. India has since moved through the base rate to the marginal cost of funds based lending rate and then to external benchmarks, each step tightening the link between the bank's own funding cost and the price it charges.
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