pls tell me the simple explanation of bank rate, CRR, repo rate , reverse repo rate, SLR
127 Views|Posted 2011-02-02 23:40:27
Asked by Sid
2 Answers
Answered by
2011-02-03 18:01:33
Hi Sid,
Please check the definitions below:
Bank Rate is the rate at which central bank of the country (in India it is RBI) allows finance to commercial banks.
CRR is used by central bank of the country i.e RBI, either to drain excess liquidity or to release funds needed for the economy from tim
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