Discussion :: IBPS BANK EXAM TEST 5
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'Base Rate' in banks is
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A.
Rate of interest payable on demand deposits |
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B.
Rate of interest payable on fixed deposits |
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C.
Rate of interest charged by RBI on long term borrowings of Public Sector Banks |
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D.
Minimum lending rate decided by RBI which shall be adopted by all Public Sector Banks |
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E.
The minimum interest rate fixed by individual banks, below which they cannot lend funds, except cases like Government sponsored scheme |
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Answer : Option D
Explanation :
Minimum lending rate decided by RBI which shall be adopted by all Public Sector Banks
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