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what is bank rate?
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Answer Posted / 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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