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what is the diff btw Bank Rate and Repo rate ?

bank rate refers to the rate at which the central bank gives short period loans to the commercial banks.

bank rate is also known as repo rate.

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bank rate refers to rate at which commercial bank borrows from central bank for long periods against eligible bill of exchange and securities.
repo rate is the rate  at which commercial bank borrows from central period for short term( generally upto 7 days).
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i agree with karan
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right bro
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Bank rate is the rate at which central bank lends loan to commercial bank without all collateral security whereas repo rate is the rate at which central bank lends loan to commercial bank against security
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Bank rate is the rate at which Central Bank lends loan to commercial Bank against no collateral security whereas repo rate is the rate at which Central Bank Lend loan to commercial Bank against some collateral security...
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