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what is bank rate?
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Answer / pawan
It is a interest rate , which is charged by RBI from other
banks.
| Is This Answer Correct ? | 24 Yes | 21 No |
Answer / hanuman
bank rate is that intrest rate at which RBI(the lendor of
last resort)lends money to commercial banks(all other
banks).bank rates are changed by RBI to control the money
supply among banks.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / vijayabharathy.m
this is 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 ? | 3 Yes | 0 No |
Answer / sahil mahajan
bank rate is the at which central bank gives loans and
advances to commercial banks
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / arobindo ghosh
Bank rate simply means a rate at which central bank lends
money to the commercial bank
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / jaydeep shete
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 ? | 3 Yes | 2 No |
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 ? | 1 Yes | 0 No |
Answer / sanjeev kumar meher
bank rate is a standard prescribed rate at which reserve
bank of india is prepaired to re-discount the bill of
exchange.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sapan arya
bank rate is a source by which central bank can regulate
commercial bank
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rohini
The interest rate that is charged by a country s central or
federal bank on loans and advances to control money supply
in the economy and the banking sector. This is typically
done on a quarterly basis to control inflation and stablize
the countrys exchange rate
| Is This Answer Correct ? | 0 Yes | 0 No |
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