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What is the PLR how they effect the bank customers

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(Querist)
10 April 2009 Dear Sir,

What is the PLR and how work and what effect the PLR ratio on bank customers



Regards

Vishal
Kapurthala
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CA. B.SRINIVASULU

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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.
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CA Nitin Wadhwani

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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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