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what is benchmark prime lending rate |
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Asked by bhadra - In Banking - Insurance -
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Answer (
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The minimum interest rate investors will accept for investing in a non-Treasury security. In general, this is the yield that is being earned on the most recent on-the-run Treasury security of similar maturity plus a premium. also called base interest rate.
Banks have the freedom to fix the rate of interest chargeable on loans and advances against FCNR(B) deposits to the depositors without reference to their Benchmark Prime Lending Rate (BPLR) irrespective of whether repayment is made in Rupees or in Foreign Currency. |
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| Reply by Sharat - 1789days 8hrs 58mins 57secs ago |
Votes of this Answer: 1 votes
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