Base rate vs bplr of the banks

In banking parlance, the BPLR means the Benchmark Prime Lending Rate.  BPLR is the interest rate that commercial banks normally charge (or we can say they are expected to charge) their most credit-worthy customers.  Although as per Reserve Bank of India rules, Banks are free to fix Benchmark Prime Lending Rate (BPLR) for credit limits over Rs.2 lakh with the approval of their respective Boards yet BPLR has to be declared and made uniformly applicable at all the branches. The banks may authorize their Asset-Liability Management Committee (ALCO) to fix interest rates on Deposits and Advances, subject to their reporting to the Board immediately thereafter. The banks have also to declare the maximum spread over BPLR with the approval of the ALCO/Board for all advances.   However, with the introduction of Base Rate concept, BPLR is slowly losing its importance and is made applicable normally only on the loans which have been sanctioned before the Base Rate has been made compulsory