What is mean by bank rate ?
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A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans. Managing the bank rate is a method by which central banks affect economic activity.
BANK RATE:
The Bank Rate is the rate at which the Central Bank discounts the bills of commercial banks.
In bank rate there is no need for collateral security.
B. REPO RATE:
Repo rate is the rate at which our banks borrow rupees from RBI.
It is also called as repurchase rate.
hopes this helps
BANK RATE:
The Bank Rate is the rate at which the Central Bank discounts the bills of commercial banks.
In bank rate there is no need for collateral security.
B. REPO RATE:
Repo rate is the rate at which our banks borrow rupees from RBI.
It is also called as repurchase rate.
hopes this helps
harikrish97:
what is the difference between bank rate and repo rate
BANK RATE:
The Bank Rate is the rate at which the Central Bank discounts the bills of commercial banks.
In bank rate there is no need for collateral security.
B. REPO RATE:
Repo rate is the rate at which our banks borrow rupees from RBI.
It is also called as repurchase rate.
The Bank Rate is the rate at which the Central Bank discounts the bills of commercial banks.
In bank rate there is no need for collateral security.
B. REPO RATE:
Repo rate is the rate at which our banks borrow rupees from RBI.
It is also called as repurchase rate.
thanks bro
wlcm
Answered by
0
Bank rate is an important instrument of credit control .Bank rate is the rate of interest at wich the central bank rediscounts the first class securities of other bank. The bank rate is variable ie. The central bank of the country changes it from time to time .
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