Interest Rate (Floating):
The most significant feature of the FRSB is the floating interest rate. The interest is linked to the Benchmark Prime Lending Rate of State Bank of India (SBI) that is periodically revised.
BPLR + a fixed spread as calculated at issue. In the present case, if BPLR is assumed at 7% and the fixed spread is at 0.75%, then the floating rate of interest would be... https://finxl.in/best-financial-analyst-course.html