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what is bank rate?

Answers were Sorted based on User's Feedback



what is bank rate?..

Answer / pawan

It is a interest rate , which is charged by RBI from other
banks.

Is This Answer Correct ?    24 Yes 21 No

what is bank rate?..

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

what is bank rate?..

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

what is bank rate?..

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

what is bank rate?..

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

what is bank rate?..

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

what is bank rate?..

Answer / gopal ch. saha.

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

what is bank rate?..

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

what is bank rate?..

Answer / sapan arya

bank rate is a source by which central bank can regulate
commercial bank

Is This Answer Correct ?    0 Yes 0 No

what is bank rate?..

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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