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Law Interest Rate Calculator The criminal rate referred to in section 347 means an effective annual rate of interest calculated in accordance with generally accepted actuarial practices and principles that exceeds 60% on the credit advanced under an agreement or arrangement.
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The issue price is at a discount of roughly 4.95 percent or around Rs 4.35 per share to the floor price of Rs 87.90 per share, the bank said in a release to the exchange. The lender has been grappling.