SBI MCLR definition
SBI MCLR the State Bank of India Marginal Cost of Funds-based Lending Rate as published from time to time (or in the event that such rate is not published, as quoted by such bank as the parties may agree), for the day or days in question;
SBI MCLR means the prevailing marginal cost of fund based lending rate for a tenor of 1 year, notified by the State Bank of India.
SBI MCLR means the marginal cost of funds base lending rate fixed by the State Bank of India.
Examples of SBI MCLR in a sentence
In the event of delay beyond such period the Concessionaire shall pay interest for the period of delay, calculated at the rate of SBI MCLR + 3% per annum.
The Concessionaire shall also pay interest at 3% above the SBI MCLR on the difference amount for the intervening period.
Upon failure of the Concessionaire to pay the said Damages, the same shall be paid along with interest of SBI MCLR plus 3%.
More Definitions of SBI MCLR
SBI MCLR means the medium term prime lending rate of the State Bank of India.
SBI MCLR means the Marginal Cost of Funds based Lending Rate issued by the State Bank of India on a monthly basis. In case of any change in the applicable lending rate, the revised or new lending rate shall apply.