Banking · Retail Banking Evolution
The evolution of Retail Banking in India led to the adoption of Risk-Based Pricing (RBP), which means:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Charging interest rates only on a floating basis.
- 2Charging different interest rates based on the credit score and risk profile of the borrower.✓
- 3Setting interest rates solely based on the bank's cost of funds.
- 4Charging the same interest rate to all customers regardless of their credit score.
Correct answer
Charging different interest rates based on the credit score and risk profile of the borrower.
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