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what is repo rate?
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Answer / sarika bhardwaj
Whenever the banks have any shortage of funds they can
borrow it from RBI. Repo rate is the rate at which our
banks borrow rupees from RBI.
| Is This Answer Correct ? | 5 Yes | 5 No |
Answer / sarika bhardwaj
Whenever the banks have any shortage of funds they can
borrow it from RBI. Repo rate is the rate at which our
banks borrow rupees from RBI. A reduction in the repo rate
will help banks to get money at a cheaper rate. When the
repo rate increases borrowing from RBI becomes more
expensive.
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / indraneel
Interest rate which is given by RBI to other banks for the
money they give to it is known as Repo rate
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / anurag
Repo rate is the rate at which RBI lends money from
banks.There are two purposes for this
1. To control the floating money in the market to control
inflation.
2. For the purpose of security .
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / roshikesh
the rate at which RBI lends the money to other banks.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / subodh s ingle
Whenever the banks have any shortage of funds they can
borrow it from RBI. Repo rate is the rate at which our
banks borrow rupees from RBI. A reduction in the repo rate
will help banks to get money at a cheaper rate. When the
repo rate increases borrowing from RBI becomes more
expensive
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / vikram singh nimbola
repo and reserve repo both r decided by rbi.this rate is
turning rate for indian economy.rbi lends the money from
others commercial bank afterthat rbi pay the interest rate
for that lending money that is repo rate.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / deepak goyal
Repo rate is the rate at which banks borrow funds from the
RBI to meet the gap between the demand they are facing for
money (loans) and how much they have on hand to lend.
If the RBI wants to make it more expensive for the banks to
borrow money, it increases the repo rate; similarly, if it
wants to make it cheaper for banks to borrow money, it
reduces the repo rate.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / jyoti chaudhary
Repo rate is the rate at which bank buy loan from RBI.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / shivani
The Rate at RBI lends money to the banks or bank borrows
money from RBI.If it gets increased then it becomes
difficult for the banks to meet their liquidity
standards.To fulfill their deficient gap banks in terms
incraeses loan rates.
| Is This Answer Correct ? | 2 Yes | 2 No |
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Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,
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