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Start learning 50% faster. Sign in nowRepo Rateis the rate at which the country’s central bank, which is RBI in India, lends money to commercial banks during financial crisis. The rate of interest charged by the central bank on the loans they have extended to commercial banks and other financial institutions is called “Bank Rate”. In this case, there is no repurchasing agreement signed, no securities sold or collateral involved. Banks borrow funds from the central bank and lends the money to their customers at a higher interest rate, thus, making profits. Bank Rate is usually higher than Repo Rate as it is an important tool to control liquidity.
Banking services between merchant banks and other financial institutions are known as _____________.
Expand the term ALM as used in Banking/Finance sector.
The length of time over which an investment is made or held before it is liquidated is called ___________.
__________________ is a decrease in the rate of inflation – a slowdown in the rate of increase of the general price level of goods and servic...
A Non Resident External Rupee(NRE) account can be opened by any individual residing outside India. Which of the following facility is not attached to N...
Consider the following statement with reference to the Special Drawing Rights(SDRs).
A) It is an international reserve asset created by the IM...
Exim Bank was established in the year
Which of the following is true about role of Banks?
I. It facilitates import export transactions.
II. It helps in national developmen...
Which one of the following statements is true
A Scheduled Bank is included in the