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what is bank rate?

Answers were Sorted based on User's Feedback



what is bank rate?..

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

what is bank rate?..

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

what is bank rate?..

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

what is bank rate?..

Answer / kanhei

this is the rate at which RBI lend the money to commercial
banks.

Is This Answer Correct ?    12 Yes 4 No

what is bank rate?..

Answer / surya kant

Th rate at which commercial banks borrow the money from
central bank.{RBI}

Is This Answer Correct ?    8 Yes 2 No

what is bank rate?..

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

what is bank rate?..

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

what is bank rate?..

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

what is bank rate?..

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

what is bank rate?..

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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