SBI Base Rate definition

SBI Base Rate means the base rate as fixed by State Bank of India on 1st April of the respective financial year in which such rate is considered for calculation purposes.

SBI Base Rate means the base rate per annum as fixed from time to time by the State Bank of India, and in the absence of such rate, the average of the base rates fixed by the Bank of India and the Bank of Baroda and failing that any other arrangement that substitutes such base rate as mutually agreed between the Parties;

SBI Base Rate means the base rate as fixed by State Bank of India on 1st April of the respective financial year in which such rate is considered for calculation purposes or any modifications made by SBI from time to time;

Examples of SBI Base Rate in a sentence

• The rate of interest on working capital considered is 13.50% (SBI Base Rate of 10% plus 350 basis points).

• The Petitioner has submitted that it has computed IWC for the 2019-24 period considering the SBI Base Rate plus 350 basis points as on 1.4.2019.

• The Petitioner has submitted that it has computed IWC for 2019-24 period considering the SBI Base Rate plus 350 basis points as on 1.4.2019.

• If requested by Contractor, the Employer may provide, on merit, mobilization advance, equal in amount to 10% (ten percent) of the Contract Price for Design and Construction work, at the interest rate of 2 (two) percentage point above the SBI Base Rate for mobilization expenses and acquisition of the equipment for the Construction Works.

• For any such delay in availing of tax credit for reasons attributable to supplier (as mentioned above), interest (calculated @ SBI Base Rate + 6%) along with penalty if any will be deducted for the delayed period i.e. from the month of receipt till the month tax credit is availed, from the running bills.

• For any such delay in availing of tax credit for reasons attributable to the Contractor (as mentioned above), interest (calculated @ SBI Base Rate + 6%) along with penalty if any will be deducted for the delayed period i.e. from the month of receipt till the month tax credit is availed, from the running bills.

• For any such delay in availing of tax credit for reasons attributable to supplier (as mentioned above), interest (calculated @ SBI Base Rate + 6%) alongwith penalty if any will be deducted for the delayed period i.e. from the month of receipt till the month tax credit is availed, from the running bills.

• If the payment to ONGC/ONGC banker is not made at sight of documents, interest @ SBI Base Rate plus 6 % (six percent) per annum compounded quarterly for each day payments are overdue until paid, shall be charged.

• The Petitioner has submitted that it has computed IWC for the 2019-24 tariff period considering the SBI Base Rate plus 350 basis points as on 1.4.2019.

• Finally, there is a review about the North-South divide in the twenty-first century.

More Definitions of SBI Base Rate

SBI Base Rate means the specified lending rate of the State Bank of India prevailing as on the date of a payment due from which the computation of interest is required to be made under the Agreement - Scheduled Commercial Bank means the Banks as notified by the Reserve Bank of India as scheduled commercial bank