Difference between bank rate and base rate..?? Who decides each of them??
Bank rate desided by rbi jis pr wah commerceial bank ko paise deta h base rate desided by commercial bank jis pr wah costumer ko loan deti h base rate har bank ka difrent hota h
Bank rate is decided by RBI
Base rate is decided by Commercial Banks itself.........
base rate I the rate at which bank provide loan to public. its range regulate by RBI but it is decide by banks its own..
Bank rate is min rate at which bank can lend money. Base rate is at which RBI can led to banks. Both are decided by RBI.