The interest rate which the RBI charges on its long term lending is known as the Bank Rate The clien...........

Economic Affairs Money Supply and Monetary Policy

The interest rate which the RBI charges on its long-term lending is known as the Bank Rate. The clients who borrow through this route can be

1. Union Government

2. State Governments

3. NBFCs

4. Commercial banks

Choose the correct answer from the codes

1 and 4 only

2 and 3 only

4 only

All of the above

It is the rate at which RBI gives loan to commercial banks without keeping any collateral.

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