Question
Reverse repos with banks and other institutions having
original tenors up to and inclusive of 14 days shall be classified under which item on the commercial banks’ balance sheetsSolution
Reverse repos with banks and other institutions having original tenors up to and inclusive of 14 days shall be classified under item (ii) ‘Money at call and short notice’ under Schedule 7 ‘Balances with banks and money at call and short notice’ Reverse repos with banks and other institutions having original tenors more than 14 days shall be classified under Schedule 9 – ‘Advances’
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