In banking, RTL commonly refers to a Rupee Term Loan.
A Rupee Term Loan (RTL) is a loan denominated in Indian Rupees (INR) with a fixed term or repayment schedule. Here's a breakdown:
- Rupee Denominated: The loan amount is disbursed and repaid in Indian Rupees.
- Term Loan: The loan is given for a specific period (term) with a structured repayment schedule.
Therefore, in the context of banking, RTL stands for Rupee Term Loan, a common type of financing offered by banks and financial institutions in India.
