WHAT IS BANK RATE?
Bank Rate
The minimum rate of interest, which a central bank charges (in India's case - Reserve Bank of India), while lending loans to domestic banks is called "Bank Rate". When a bank suffers fund deficiency, it can borrow money from RBI to continue services.
When Bank Rate is increased by the central bank, a commercial bank’s borrowing costs hikes, which reduce the supply of money in the market.
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LATEST UPDATES ON BANK RATE
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RBI's monetary and Centre's fiscal policy are moving hand-in-glove
RBI has done exceptionally well in managing government's extended borrowing this year when fiscal deficit has shot-up to 9.5 per ...| February 05, 2021, Friday -
RBI MPC highlights: Rates, stance unchanged, CRR to be restored, and more
Projection for CPI-based inflation revised to 5.2% for Q4 of FY21, for H1 of FY22 at 5% to 5.2%, and for Q3 of FY22 at 4.3%| February 05, 2021, Friday -
LIVE: RBI says will undo damage inflicted on economy by Covid-19 in FY21-22
RBI Monetary policy LIVE updates: MPC voted unanimously to keep rates unchanged, said RBI governor Shaktikanta Das. Stay tuned ...| February 05, 2021, Friday