Economy, asked by yash9069, 1 month ago

_ is also known as base rate

Answers

Answered by satyam21461

Bank rate is the rate charged by the central bank for lending funds to commercial banks. Base rate is the minimum rate set by the Reserve Bank of India below which banks are not allowed to lend to its customers.

PLEASE MARK ME AS THE BRAINLIEST !!

Answered by Avisha24

Answer:

Loan pricing will be done by adding base rate and a suitable spread depending on the credit risk premium.

Explanation:

Definition: Base rate is the minimum rate set by the Reserve Bank of India below which banks are not allowed to lend to its customers.

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