Reserve Bank of India had introduced the Benchmark Prime Lending
Rate (BPLR) system in 2003.
8. By a notification dated 1st July 2010, the Reserve ... Bank of India
introduced the Base Rate System, replacing the BPLR system with
immediate effect. The relevant extracts of the notification dated
adopted Base Rate system in place of Benchmark Prime
Lending Rate (BPLR) with effect from 1st July, 2010 and the loans of
the Appellant ... adopted Base Rate system in place of
Benchmark Prime Lending Rate (BPLR) which can be referred from
"Master Circular - Interest Rates on Advances
Amount disbursed Rs. 28,70,573.00/-
04. Interest rate type Floating
05. BPLR (Basic Prime 17.75% per annum
Lending Rate)
06. Effective interest rate ... annum (BPLR
- margin of 8.50%)
07. Loan tenure (months) 312
08. Repayment option Equated monthly
instalments
09. Mode of repayment ECS - for the entire
tenure
loan was sanctioned to the petitioner with interest at the rate of BPLR -2.25%, the bank had unilaterally revised the rate of interest to BPLR ... Crores
25% for stocks and 50% for Book debts
BPLR = presently 13.25%*
Hyp. Of fully paid & insured stocks of Chemicals, vials & consumables
levy interest. The relevant clause in this regard is extracted
below:
"BPLR -1.25% i.e. at present @ 10.50% p.a. or as charged ... AANCHAL TAGGAR
Signing Date:24.12.2024
20:40:31
"BPLR-1.50%+0.50% (Term Premia). However, till title of the
Mall and agreement with tenants
Reserve Bank of India envisaged that the Benchmark Prime Lending
Rate (BPLR) should be considered by the Bank by taking into
account actual cost ... Agricultural production credit BPLR minus BPLR minus 0.75
including KCC advances 0.75
ii) Agrl term loans BPLR BPLR
iii) PNB Kalyani Card BPLR minus BPLR
transaction, proposed to adopt CUP method at
Banking Prime Lending Rate (BPLR) of State Bank of India (SBI) @
12.25%, the rate as was applicable ... assessee
raised objection to the BPLR proposed by the TPO for benchmarking
the transaction. The TPO rejected the contentions of the assessee and
computed
meeting the OP bank offered to charge interest
as minus 2% of BPLR and that no processing fee would be charged, upon which the
complainant ... complainant from the OP
giving the stipulated interest rate as BPLR minus 2%, but the waiver for
processing fee was allowed only for the first
Base Rate 12
Guidelines on Benchmark Prime Lending Rate
Annex 2 (BPLR) 14
up to June 30,
applicable to loans sanctioned 2010
for all
Rupee ... Base Rate
Annex 2 Guidelines on Benchmark Prime Lending Rate (BPLR) applicable
to loans sanctioned up to June 30, 2010
Annex 3 Interest Rate Structure
that the
interest rate would be linked to Benchmark Prime Landing Rate
(BPLR). BPLR means reference Rate used by Banks to determine
the rate ... interest on loans. The stipulation of Floating Reference
Rate is derived from BPLR. Under the column of "Definition", it has
clearly been mentioned
