A basis point is a unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument.
1 basis point is equivalent to 0.01% (1/100th of a percent) i.e. 0.0001 in decimal form
in most cases it refers to changes in interest rates and bond yields
eg. if rbi raises interest rates by 25 basis points, it means that rates have risen by 0.25 % points. i.e if the rates were at 2.5% and the rbi raised them by 0.25% or 25 basis points, then the new rate would be 2.75%
fellow puys...to my mind...sectoral mba should really b good...given that u gain a domain expertise...but i m of view that it shud be seconded by ne other course as well...ur thts puys....?