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What is the repo rate in an education loan?

0 4 Views | Posted 4 days ago
Asked by Loveleen Patra

  • 1 Answer

  • A

    Answered by

    Aashi Tiwari | Contributor-Level 7

    4 days ago

    Reserve Bank of India (RBI) offers loans to smaller banks like SBI and ICICI bank. Repo Rate is ROI that these smaller banks have to pay when they borrow money from RBI. IT changes time to time.

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