Friday, 10 November 2017

about bank rate

1) what is the meaning of bank rate in india ?

ans :-Bank rate in India is determined by Reserve Bank of India (RBI). It is the rate at which RBI gives loan to commercial banks with collateral ( RBI act 1934 sec.49 ) The RBI also provides short term loans to its clients (keeping collateral) which is called the repo rate.


2) what is repo rate in india?

ans :-Definition: Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation.

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