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Basis Point

The security profit change of 0.01%. E.g. the decrease of an interest rate from 5% to 4.5%, means the loss of 50 basis points.

News On Basis Point
SBI lowers lending rates by 5 bps to 9.15%

02-05-2016| Source:PTI

Making its loans cheaper, thenation's largest lender State Bank of India today reviseddownwards its lending rates based on marginal cost of funds by5 basis points to 9.15 per cent.

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