What is meaning of bank rate
Gopi g....u r all correct except at one point.....repo s for 7-90dayss......for1-2days....it s msf...correct me f em wrong anywheree
The rate @which rbi gives long term loan(min 90 days) to comrcial banks is called Bank Rate.Generally bank rate is 1% more than that of Repo rate(rbi gives short term loan to comm. banks for2-90 days)
DO NOT GET CONFUSED WITH REPO & BANK RATE!!
Mind D Gap