Practicing Success
Which of the following is the correct definition of bank rate? |
It is the rate of interest payable by commercial banks to RBI. It is the rate of interest payable by a scheduled bank at which RBI lends overnight. It is the rate of interest payable by a consumer to commercial banks. It is the rate of interest payable by RBI to commercial banks. |
It is the rate of interest payable by commercial banks to RBI. |