The full form of BPS – Basis Points are a unit of measurement equal to 1/100th of 1 percent or equivalently one ten-thousandth (0.0001). It is used in finance to describe the percentage change in the value of financial instruments or the rate change. One basis point is equal to 1/100th of 1% or 0.01% or 0.0001 in decimal form.
1 BP = (1/100th)*1%= 0.01 %
Other meaning of BPS –
Bits per second (bps), a data rate unit.
Bytes per second (Bps), a data rate unit.
Bits per sample (bps), referring to color depth.
Bodies per second (bps), referring to the number of people a person can consummate during a one second interval.