what is the difference between bank rate and repo rate?

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Shadab Nawaz answered this

Repo or Repurchase rate is the rate at which banks borrow funds from the RBI to meet the gap between the demand they are facing for money (loans) and how much they have on hand to lend.

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Nikhil Jain answered this

The only difference between the two
is that in REPO RATE, there is sale of security to RBI on an
agreement to" repurchase" it at a future date at
predetermined price.That is why the term REPO means
"REPURCHASE AGREEMENT".Whereas in BANK RATE, there is no
such sale or repurchase agreement.It takes place as mere
lending of money to commercial banks at fixed rate ,i.e the
bank rate.

Vishal Yadav answered this

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Ps Thind answered this

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Shrist Mishra answered this

Repo rate is increases during inflation this is kind of rate when loan given by RBI to commercial bank and commercial banks paying interest for this but bank rate is also like repo rate but this is without any collateral( security for purpose of loans)

Ananya Nagpal answered this

bank rate is the rate at which RBI offer loans to the commercial banks whereas repo rate is the rate at which RBI offer short term loan to the commercial bank by buying the securities in the open market.

Md Danish Raza answered this

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Md Danish Raza answered this

X ltd invited application for 10000 equity share of ? 10 each issued at par the whole amount was payable on application .the issue was oversubscribed by 2000 shares and allotment was made on pro rata basis pass necessary journal entries

Komal answered this

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Samarat Bole answered this

Cash in hand RS. 17500 from journal entry

Samarat Bole answered this

From jouranal entries

Samarat Bole answered this

From jornal entries

Kusum Yadav answered this

Bank rate is that rate at which bank gives loan to the public with collateral securities and repo rate means the rate at which the loan is given to the public without collateral securities

Lakshmi answered this

Bank rate is the long term requirements whereas repo rate is short term requirements

Anna Venkata Sai Krishna answered this

Bank rate is the rate charged by bank to customers
Repo rate is the rate charged by the rbi to banks

Kavita Rpatil answered this

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Nitya Yadav answered this

Bank rate is the rate at which the central bank gives loan to commercial Bank to meet their long - term loans.

Repo rate is the rate at which the central bank gives loan to commercial Bank to meet their short - term loans .

Here, Central bank means RBI in case of India