Bank rate is fora)Central banks by the central bankb)Commercial banks ...
The Reserve Bank of India (RBI) today gave freedom to banks in deciding their base rate. “Banks may choose any benchmark to arrive at the base rate for a specific tenor that may be disclosed transparently,” RBI said, as it released the final guidelines this evening.
View all questions of this testBank rate is fora)Central banks by the central bankb)Commercial banks ...
D is correct as it is for loans taken by commercial bank from reserve Bank of India
Bank rate is fora)Central banks by the central bankb)Commercial banks ...
The Reserve Bank of India (RBI) today gave freedom to banks in deciding their base rate. “Banks may choose any benchmark to arrive at the base rate for a specific tenor that may be disclosed transparently,” RBI said, as it released the final guidelines this evening.