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The rate of discount set by a central bank
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What is repo rate define in Hindi?
Har bank RBI se short term ke liye loans leta hai. In short term loans ke liye bank to kuch interest rate pay karna padta hai. use repo rate kehte hain
Difference between bank rate and PLR?
BANK RATE--- bank rate is rate which is used for lending or borrowing in call money market (One bank lends to or borrows from other banks for intra day) PLR-- Rate is benchmark rate for banks.
How does transfer pool rate works in a bank?
The bank uses a single rate to credit all of the bank branches. This rate is a weighted average cost of all funds for a banks.
What is a bank interest rate?
A Bank interest rate may refer to two things with respect to banking functions. a. Deposit Interest Rate - This is the rate the banks offer to their customers for depositing money with the bank b. Loan Interest Rate - This is the rate of interest banks charge the customers who wish to borrow money from them through loans. Both rates will differ from bank to bank
Why has the Repo rate taken precedence over the bank rate as a short term interest rate?
Repo is like a repurchase agreement.The rate at which RBI sells securities to bank. But, bank rate is the rate by which RBI lends money to commercial banks. Annu Prakash
