WHAT IS MIBOR? KINDLY EXPLAIN IN DETAILS?
Answers were Sorted based on User's Feedback
Answer / pradeep kumar.m.p
MIBOR stands for Mumbai Inter Bank Offer rate this is the
rate which is followed in the Money market
Is This Answer Correct ? | 31 Yes | 6 No |
Answer / raj bardhan
MIBOR Stands for Mumbai inter bank offer rate . MIBOR is
equivalent to daily call rate.It is the overnight rate at
which funds can be borrowed and changes everday
.bank lend and borrow money from each other
Is This Answer Correct ? | 26 Yes | 2 No |
Answer / praj
MIBOR
The interest rate at which banks can borrow funds, in marketable size, from other banks in the Indian interbank market. The Mumbai Interbank Offered Rate (MIBOR) is calculated everyday by the National Stock Exchange of India (NSEIL) as a weighted average of lending rates of a group of banks, on funds lent to first-class borrowers.
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / prakash
What is M stand for i don't sure but IBOR mean Inter
Banking Offer Rate.
Is This Answer Correct ? | 13 Yes | 14 No |
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