prime lending rate
BANK RATE--- bank rate is rate which is used for lending or borrowing in call money market (One bank lends to or borrows from other banks for intra day) PLR-- Rate is benchmark rate for banks.
It depends on the country and bank. It is called the Prime Lending Rate or PLR. PLR is the rate of interest banks charge their most credit worthy customers. It is usually 0.5 to 1% less than the rate charged for regular customers
PLR stands for Prime Lending Rate. This is the rate of interest at which banks grant loans to their best customers. Usually the PLR is comparable and has very little difference between banks. The PLR is usually very similar among banks
Prime lending rate
SLR Stands for Statutory Liquidity Ratio. Statutory Liquidity Ratio or SLR as it is more commonly called is the amount of liquid cash every bank has to maintain in order to meet the daily customer withdrawal demands. Whatever money we deposit with banks, they lend it out to other customers to make a profit out of it. Imagine you depositing a few lakh rupees out of your retirement corpus with a bank and visiting the bank to withdraw some money to get a gift for your grandson and the bank telling you that since the loan re-payments were not received on time, you can't take money out of your account right now? That would be bad wouldn't it? This is exactly why banks have to maintain a SLR so that they don't have to refuse withdrawal transactions from deposit customers. It's your money and you should be able to withdraw it anytime you want. PLR stands for Prime Lending Rate. This is the rate of interest at which banks grant loans to their best customers. The SLR will be the same for all banks operating in a country and the PLR may vary from bank to bank even within the same country
BANK RATE--- bank rate is rate which is used for lending or borrowing in call money market (One bank lends to or borrows from other banks for intra day) PLR-- Rate is benchmark rate for banks.
plr means give loan to best customer bplr means rbi gives the loan to banks
It depends on the country and bank. It is called the Prime Lending Rate or PLR. PLR is the rate of interest banks charge their most credit worthy customers. It is usually 0.5 to 1% less than the rate charged for regular customers
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PLR stands for Prime Lending Rate. This is the rate of interest at which banks grant loans to their best customers. Usually the PLR is comparable and has very little difference between banks. The PLR is usually very similar among banks
Prime lending rate
SLR Stands for Statutory Liquidity Ratio. Statutory Liquidity Ratio or SLR as it is more commonly called is the amount of liquid cash every bank has to maintain in order to meet the daily customer withdrawal demands. Whatever money we deposit with banks, they lend it out to other customers to make a profit out of it. Imagine you depositing a few lakh rupees out of your retirement corpus with a bank and visiting the bank to withdraw some money to get a gift for your grandson and the bank telling you that since the loan re-payments were not received on time, you can't take money out of your account right now? That would be bad wouldn't it? This is exactly why banks have to maintain a SLR so that they don't have to refuse withdrawal transactions from deposit customers. It's your money and you should be able to withdraw it anytime you want. PLR stands for Prime Lending Rate. This is the rate of interest at which banks grant loans to their best customers. The SLR will be the same for all banks operating in a country and the PLR may vary from bank to bank even within the same country
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SLR stands for Statutory Liquidity Ratio. Statutory Liquidity Ratio or SLR as it is more commonly called is the amount of liquid cash every bank has to maintain in order to meet the daily customer withdrawal demands. Whatever money we deposit with banks, they lend it out to other customers to make a profit out of it. Imagine you depositing a few lakh rupees out of your retirement corpus with a bank and visiting the bank to withdraw some money to get a gift for your grandson and the bank telling you that since the loan re-payments were not received on time, you can't take money out of your account right now? That would be bad wouldn't it? This is exactly why banks have to maintain a SLR so that they don't have to refuse withdrawal transactions from deposit customers. It's your money and you should be able to withdraw it anytime you want. PLR stands for Prime Lending Rate. This is the rate of interest at which banks grant loans to their best customers. CRR stands for Cash Reserve Ratio. This is the amount of money banks have to deposit with the central bank and this amount depends on the amount of total deposits held by the bank.
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