What is PLR? What is SBI's present SBAR?
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Answer Posted / anu
PLR or prime lending rate as the rate of interest at which
banks lend to their credit-worthy or favoured customers. It
is treated as a benchmark rate for most retail and term
loans.
The RBI does not set these rates, but in a broad way
stipulates the interest rates in the economy. The banks are
at liberty to lend at a rate above or below the RBI’s.
| Is This Answer Correct ? | 27 Yes | 14 No |
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