what is the difference between bank rate and repo rate?
- 10 Answers
- 12390 Views
- I also Faced
- E-Mail Answers
Answer Posted / anshuman
Repo Rate is the rate at which banks borrow funds from the
RBI, it is a short term measure usually of 15 days currently
the repo rate aka repurchase rate is 5 percent.
Bank rate is the rate at which banks take long term loans
from the RBI, currently it is at 6 percent. The banks than
give these loans to people and charge higher interest as
margin for the risk that is incurred and also for their margin.
| Is This Answer Correct ? | 12 Yes | 1 No |
Post New Answer View All Answers
What is 'tier 2 capital'?
What is electronic clearing of cheques?
What is the source of income of government?
Tell something about Indian Constitution?
What do you understand by Bulls and Bears?
Have you ever had to bend the rules to get the job done. Why was that?
Is IDBI Bank a nationalized Bank?
Why do you think you will succeed in this job?
Define GAAR and GST.
Give an example when you had a clash with your peer. What did you do in that situation?
What is 'bill of exchange' (boe)?
if a person having bussiness of advertising total income is 2.lacs but the in that amount it also includes amount for the material(colour) that has pusrhased and labour charges so do we have to pay the income tax on the material amount and labour charges
Differentiate between trade, commerce business and industry.
Explain ratio analysis and its advantages.
What Are The Important Macroeconomic Indicators That Influence Stock Market?
