what is meant by bank rate?

Answer Posted / sobhan babu

It is the rate at which the RBI purchases or rediscounts the bills of exchange, commercial paper. It is also the rate at which the RBI lends money to the Commercial Banks.

Is This Answer Correct ?    4 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Urgent Required a Content Writer in Our company if there is any one female kindly contact @ hr@silvertouch.com

1531


Will retail sector sustain upto 2025

3285


I Need Apsrtc Traffic Supervisor Medal Paper.. Please send me any one.....gasiganti@gmail.com

1777


Q.3. One of the serious problems faced by the Public Enterprise Management in our country is that: (a). Very little managerial autonomy. (b). More bureaucratization (c).Excessiveinvestment. (d). Excess of accountability.

1799


In Excell sheet how v-lookup can be used?

1633






please send me ubi model papers to my email idsssss anil0001_mca@yahoo.co.in , ravi_kumar3713@yahoo.com thankuuuuuuu

1833


u r an engineering student why po job?

1803


Hi! frnds i m gonna attend de sbi clerical interview dis month.. so could u guide me wid wat r de ques dat r generally expected to ask in de interview?n also how long de interview goes on?

1526


how does a bank finance working capital

1398


What is different meaning of pre-advice and pay order to the benificiary.

2301


How did you ensure delivery against those standards?

639


How have you improved the capabilities of people in a team you have managed?

589


what is cat

1639


survivor management

1997


How did you measure success?

631