what is difference between Repo Rate and Bank rate

Question

owlfred · Answer

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a_clan · Answer

The rate at which RBI (India) lends to other banks is called bank rate. Repo rate is a short-term rate applied by the central bank(RBI) to regulate inflation.

anonymous · Answer

Both are the rate decided by central bank to levy on banks for the loan taken by the banks from Central bank. The difference comes in term of duration of loan. Repo rate is for short term loans while Bank rate is for long term loans.

anonymous · Answer

repo rate is given by the (RBI) to other banks.it's the rate on which the money is lended to other banks.The bank rate are the rate of interest on which bank lend us the money...

anonymous · Answer

No @ashwin that thing is Base rate not bank rate.