Question

what is repo rate and bank rate ?​

Answer 1

Answer:

Simply put, repo rate is the rate at which the RBI lends to commercial banks by purchasing securities while bank rate is the lending rate at which commercial banks can borrow from the RBI without providing any security.

Explanation:

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Answer 2

Answer:

Also, both of which are rates of interest (ROI) on which RBI grants loans to commercial banks/financial institutions. But the terms and conditions against which RBI lends the money mark the difference between bank rate and repo rate. RBI lends money at a repo rate when banks offer collateral.