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Category: Definitions
Penal interest
Plinth area
Point Of Sale (POS)
Power of attorney
Pre-EMI
Prime Lending Rate (PLR)
Principal
Processing Date
Property tax
Recurring Billing
Refinance Charge
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Variable Interest Rate
Statutory Liquidity Ratio (SLR)
SLR is the portion that banks need to invest in the form of cash, gold or government approved securities. The quantum is specified as some percentage of the total demand and time liabilities of the bank and is set by the Reserve Bank of India.
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