CBSE Class 12-commerce Answered
Bank reduce intrest rate on home lons
Asked by rsnitish7051singh | 20 May, 2020, 01:07: PM
Expert Answer
A Repo Rate is the interest rate that the RBI charges commercial banks when they lend funds and is used by the monetary authorities to control inflation.
Whenever there is an increase in the Repo Rate, loans for the consumers become expensive because of the hike in the interest rates. Similarly, when the RBI reduces such Repo Rate, it expects the banks also to lower the interest rates charged on various loans. Because of such reduction in the interest rate, loans are offered to the consumers at a lower interest rate thereby decreasing the EMI on various loans.
Answered by Surabhi Gawade | 20 May, 2020, 02:56: PM
Concept Videos
CBSE 12-commerce - Business Studies
Asked by senthilramanathankanishka | 16 May, 2022, 09:39: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Business Studies
Asked by nsharmayoo | 02 Oct, 2021, 11:20: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Business Studies
Asked by nousadsalmani169 | 27 Sep, 2020, 02:24: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Business Studies
Asked by sahulgupta8 | 23 Jun, 2020, 04:09: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Business Studies
Asked by rsnitish7051singh | 20 May, 2020, 01:07: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Business Studies
Asked by singhsukh3355 | 18 May, 2020, 10:09: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Business Studies
Asked by Prashant DIGHE | 18 Apr, 2020, 10:24: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Business Studies
Asked by vcgeetha22 | 21 Mar, 2020, 01:54: PM
ANSWERED BY EXPERT