https://www.taxtmi.com/news?id=2091 Banks must determine lending rates with reference to a Base Rate replacing the BPLR system from 1 July 2010; the Base Rate applies to all new loans and renewals, existing BPLR loans may run to maturity, and borrowers may switch to the Base Rate on mutually agreed terms without any fee. en-us Tue, 09 Aug 2011 17:50:11 +0530 Tue, 09 Aug 2011 17:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2091 Banks must determine lending rates with reference to a Base Rate replacing the BPLR system from 1 July 2010; the Base Rate applies to all new loans and renewals, existing BPLR loans may run to maturity, and borrowers may switch to the Base Rate on mutually agreed terms without any fee. News - Tue, 09 Aug 2011 17:50:11 +0530 https://www.taxtmi.com/news?id=2091