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what is bank rate?
- 9 Answers
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Answer / sonali
Bank rate is the rate of interest charged by the central
bank (in india its RBI)on the loans given to other
commercial banks and financial institutes. It is also nkown
as the discount rate.
| Is This Answer Correct ? | 20 Yes | 1 No |
Answer / manmeet
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 ? | 16 Yes | 3 No |
Answer / shalini.mann
BAnk rate is the rate at which central bank(RBI) provide
the funds to others bank.
RBI = Reserve BAnk Of India
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / tannu
bank rate is the rate in which reserve bank of india lends
money to scheduled commercial banks and oter financial
institutions.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / ravi
it is the rate which the r.b.i prepared to buy/rediscount
bills
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / anil
bank rate is nothing but the rate which at RBI purchase or
rediscounts bills of exchange of commercial banks
anil gopal
anilgopal_2020@yahoo.com
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sn ojha
bank rate is the rate at which rbi is lending money to
schedule banks
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / jeet singh
Bank rate is referred to the rate of interest charged by
premier banks on the loans and advances.
| Is This Answer Correct ? | 1 Yes | 3 No |
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