Economy, asked by Anonymous, 10 months ago

what is base rate.....✌️​

Answers

Answered by Anonymous
2

Answer:

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

Answered by Anonymous
6

Answer:

Base rate is the minimum rate set by the RBI (reserve bank of India) below which banks are not allowed to lend to its customers.

Base rate is the latest such reform that regulates the interest rate setting by commercial banks.

hope it helps you ✌✌✌✌✌

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