What is the PLR how they effect the bank customers
This query is : Resolved
10 April 2009
Dear Sir,
What is the PLR and how work and what effect the PLR ratio on bank customers
Regards
Vishal
Kapurthala
What is the PLR and how work and what effect the PLR ratio on bank customers
Regards
Vishal
Kapurthala
CA. B.SRINIVASULU
(Expert)
10 April 2009
PLR is PRIME LENDING RATE fixed by RBI based on economic situation in the country.
Each Bank has their own discreation to charge +- from the Prime Lending Rate.
However the maximum and minimum + - will be fixed by RBI and the Bakers are allowed to choose their own policy based on PLR.
Each Bank has their own discreation to charge +- from the Prime Lending Rate.
However the maximum and minimum + - will be fixed by RBI and the Bakers are allowed to choose their own policy based on PLR.
CA Nitin Wadhwani
(Expert)
10 April 2009
Changes in PLR will decide the interest rate on advances if they are PLR-Based.
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