Question

What is Bank Rate in India?

Answer 1

In India, the Reserve Bank of India determine the bank rate, which is the rate at which it makes loans to commercial banks with no collateral (R Act 1934 sec.49 ) The Reserve Bank of India also provides short term loans to its clients (keeping collateral) at what is called the repo rate.

Answer 2

In India, the Reserve Bank of Indiadetermine the bank rate, which is therate at which it makes loans to commercial banks with no collateral (R Act 1934 sec.49 ) The Reserve Bank ofIndia also provides short term loans to its clients (keeping collateral) at what is called the repo rate.....