What is bank rate

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What is bank rate..

Answer / shinoj.k.s.

Investopedia Says: A central bank adjusts the supply of

currency within national borders by adjusting the bank

rate. When the central bank reduces the bank rate, it

increases the attractiveness for commercial banks to

borrow, thus increasing the money supply. When the central

bank increases the bank rate, it decreases the

attractiveness for commercial banks to borrow, consequently

decreasing the money supply.

Bank Rate

6.00% (w.e.f. 29/04/2003)

Some of the other rate

Saving bank rate:- 3.5%

Deposit Rate - 6.00% - 7.50%

Is This Answer Correct ?    17 Yes 5 No

What is bank rate..

Answer / hariprasad

BANK RATE IS THE RATE AT WHICH CENTRAL BANK LENDS FUNDS TO
COMMERCIAL BANKS AND OTHER FINANCIAL INSTITUTIONS. THE
VARIATION IN BANK RATE HAS AN INVERSE EFFECT ON DEMAND FOR
BORROWINGS BY THE COMMERCIAL BANKS FROM THE APEX BANK.

Is This Answer Correct ?    12 Yes 0 No

What is bank rate..

Answer / prakash

the bank rate is a rate rbi gives to the loan to the
commercial bank for long term purpose.
now bank rate-6%

Is This Answer Correct ?    3 Yes 0 No

What is bank rate..

Answer / pragya maithil

the standard rate at which rbi is prepared 2 buy or
reaccoun bills or other commercial papers eligible 4
purchase under rbi act 1934 in section 49.

believ me this is the perfect definition of bank rate

Is This Answer Correct ?    0 Yes 0 No

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