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what is bank rate?
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Answer / rahul agrawal
Bank rate is also called as the discount rate. It is the
rate of interest which a central bank charges on the loans
and advances provided to commercial banks.
| Is This Answer Correct ? | 131 Yes | 22 No |
Answer / saurabh
it is the rate at which a central bank of a country gives
loans and advances to the commercial banks, it is the only
rate which helps the economy in controlling inflation and
deflation
| Is This Answer Correct ? | 56 Yes | 29 No |
Answer / manjunath rathod
Bank rate is a rate at which RBI lends money to the
commercial banks. Bank rate serves as a basic parameter to
the commercial banks to fix interest on long term loan to
the individuals and coporates.
| Is This Answer Correct ? | 21 Yes | 11 No |
Answer / kanhei
this is the rate at which RBI lend the money to commercial
banks.
| Is This Answer Correct ? | 12 Yes | 4 No |
Answer / surya kant
Th rate at which commercial banks borrow the money from
central bank.{RBI}
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / vishal maheshwari
Bank rate, also referred to as the discount rate, is the
rate of interest which a central bank charges on the loans
and advances that it extends to commercial banks and other
financial intermediaries. Changes in the bank rate are
often used by central banks to control the money supply.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / manjunath rathod
Bank rate is a rate at which RBI lends money to the
commercial banks. Bank rate serves as basic parameter for
all commercial banks to fix rate of interest on long term
loans to the individuals and corporates.
| Is This Answer Correct ? | 14 Yes | 9 No |
Answer / pranava
It is the rate (also called discount rate) of interst at
which central Bank (RBI)lends to commercial banks.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / sorabh
Bank rate is an interest rate at whcih the central bank
advances short term loans to commercial banks. it is also
known as terms e or prime rate.
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / neelam
Bank rate is the rate at which RBI lends loans to
commercial banks. It is also lender of last resort.
When a bank faces financial crisis due failure in policy
structure or violating the rules, then RBI charges the
commercial bank a penalty along with the rate of interest.
Such rate is Bank rate
| Is This Answer Correct ? | 5 Yes | 1 No |
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