Answer Posted / guest
Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have any shortage of funds they can borrow it 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 ? | 1 Yes | 0 No |
Post New Answer View All Answers
What is the current repo rate and reverse repo rate?
Is there any ethical dilemma that the banks face?
Do you know anything about PPP?
Tell the location of Asia`s largest solar park.
How are local area banks different from small banks?
What is the source of government income?
What documents are required for kyc?
How do you differentiate between Marketing and Sales?
How can a bill collector contact debtors?
What are direct taxes and indirect taxes?
What do you know NABARD?
1) what do you mean by " expressly admissible expenses" ? 2) how do you gross up the value in the following cases-- (a) net interest received on bank deposites. (b) net amount received on winning from lottery.
Give an example of where you have applied your technical knowledge in a practical way.
What Is The Transaction Approach And Balance Sheet Approach To Measuring Net Income?
What is Banking Ombudsman Scheme?
