What is PLR?
5 Replies
astha
(CA, CS)
(85 Points)
Replied 31 March 2008
PLR or Prime Lending Rate is the rate of interest at which bank lends money to its prime customers i.e customers where default risk is zero.
CA.Madhavan
(Chartered Accountant)
(942 Points)
Replied 31 March 2008
It has been defined under Section 49 of RBI act.............
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