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Can banks have multiple PLRs?

April 26, 2017Banks plrs

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Can banks have multiple PLRs?

1 Answer

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Yes. The banks may announce different PLRs for credit limits over Rs. 2 lac for different maturities provided the transparency and uniformity of treatment originally envisaged continues to be maintained. Banks may announce a separate Prime Term Lending Rate (PTLR) for term loans of three years and above. Banks may also prescribe separate PLRs and spreads over PLRs for loan component and cash credit component.