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What is the difference between repo …

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What is the difference between repo rate and bank rate

Posted by Abhishek Kumar752606 3 years, 5 months ago

CBSE > Class 11 > अर्थशास्त्र

1 answers

Sia ? 3 years, 5 months ago

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.

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CBSE > Class 11 > अर्थशास्त्र