Question

Difference between bank rate and repo rate meaning

Answer 1

Answer:

Explanation:

Charged on: The bank rate is the rate of interest charged by the apex bank by the commercial banks for lending the loan whereas Repo Rate is the interest rate charged on the repurchase of securities sold by the commercial banks.

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Answer 2

repo rate is concerned with short term lending by Central Bank to commercial bank and it is governed by the short-term interest ratewall paint rate is applicable to long term lending by the central bank and commercial bank and it is governed by long-term interest rate