WHAT IS DIFFERENCE BETWEEN BANK RATE & REPO RATE
Answer Posted / karthik
BANK RATE is the rate at which RBI lends to the commercial banks for a longer period.
REPO RATE is the rate at which RBI discounts the bills of commercial banks & provide short term credit to banks.
(here they come into an agreement that the bills would be purchased back by the commercial banks).
Is This Answer Correct ? | 4 Yes | 2 No |
Post New Answer View All Answers
Tell something about Public Finance?
What Are Adjusting Entries?
What Is Start-up Loans?
What do you understand by the term Public Debt?
What is CRR? What is the current CRR?
What are your views on the performance of India Paralympics?
What Documents Do I Need To File In A Chapter 7 Case?
What are the most essential qualities of a Banker?
What are term loans? What are the features of term loans?
How does RBI earn its profit?
Name some acts governing Banking Operations?
What is hedging? What is funding? What is derivatives market in a lay man language?
I HAVE TO APPEAR IN A INTERVIEW FOR THE POST OF SENIOR ASSISTANT-FINANCE , PLEASE SUGGEST ME WHAT TYPE OF QUESTIONS THEY SHOULD ASK ME .
How Does The 2016 Stress Test Compare To Stress Tests In Other Jurisdictions?
can you judge whether the stock is expensive by looking at its price?