Interested to Buy Any Domain ? << Click Here >> for more details...
what is the full form of REPO rate of rbi and what will
happened with the deposit money of a person if the any bank
becomes insolvent
- 3 Answers
- 25779 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sunil mathew k
The full form of repo is "Repurchase Agreement"
| Is This Answer Correct ? | 65 Yes | 31 No |
Answer / r mathur
Repo rate is the rate at which banks can borrow money from
RBI, by offering a security of central Government
securities. The agreement is that RBI will sell back the
securities to the bank at a future date (and get its money
back from the bank), at a price which will include the repo
rate i.e. banks will pay RBI an amount at a future date
which will include the amount borrowed and the interest thereon.
Repo rate sets a floor level for interbank borrowings as the
call money rate will normally be higher than repo rate. So
RBI can signal a hardening of interest rates by increasing
the repo rate.
As regards the second part of the question, if a bank
becomes insolvent,depositors are insured upto Rs. 1 lakh per
person (not per account) by DICGC.Provided of course that
the bank has been paying regular premium.
| Is This Answer Correct ? | 29 Yes | 8 No |
Whom wud u choose,if u have to between a corrupt but hardworking & honest but not mediocre person???
what do u know about RBI ?
how can i get job in customs
Hi Friends, Actually im software engineer having total of 4 yrs of experience. I want appear in all IT related jobs in all PSU's like ONGC ,IOC and all.What is the elegibilty criteria to appear in the test and also what is question pattern do they generally keep? Thanks alot
please guide me to prepare for NIC exam (technical)
99 Answers L&T, NIC, TATA, Wipro,
Please tel me simple method to solve the problem and i want to question papers for bank clerk exam. And send email addres also please. This is my mail id ezakimutu@gmail.com
Whether the college conduct certificate can be produced as character certificate for bank joining?
wen r dey going to announce d clerkical post results?
0 Answers State Bank Of India SBI,
how to prepare for junior programmer exam of dsssb plz frnds reply
Hai this is adi, iam bsc computer student, i have work experience in finace field. iam good in english and aptitude.now i want to prepare for bank exams, i dont have meterial, but i cant pay money to buy the meterial so suggest me how to prepare that ? u can approach me through my mail. mail id prakash.boby@gmail.com
There can not be parity in the role, task & pay structure of officeres of CPMF & Army.But as far as protocall is concerned who is equivalant to whom in CPMF & Army? Is there any Govy notification of it?
Ques. Who was the only person to be elected President unopposed ? a> Neelam Sanjiva Reddy b> Dr. Rajendra Prasad c> Dr. A.P.J Abdul Kalam d> Dr. K.R.Narayanan
UPSC 
