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What is the meaning of repo rate by RBI of India
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the rate at which rbi lends money to banks that is banks
borrow money from rbi to meet its needs
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / shinoj.k.s.
A Repurchase agreement (also known as a repo or Sale and
Repurchase Agreement) allows a borrower to use a financial
security as collateral for a cash loan at a fixed rate of
interest. In a repo, the borrower agrees to sell
immediately a security to a lender and also agrees to buy
the same security from the lender at a fixed price at some
later date. A repo is equivalent to a cash transaction
combined with a forward contract. The cash transaction
results in transfer of money to the borrower in exchange
for legal transfer of the security to the lender, while the
forward contract ensures repayment of the loan to the
lender and return of the collateral of the borrower. The
difference between the forward price and the spot price is
the interest on the loan while the settlement date of the
forward contract is the maturity date of the loan.
| Is This Answer Correct ? | 4 Yes | 1 No |
what is the target percentage to get selected in bank clarical and bank po exams.
I am Nithya, attended SBI Interview on 28.04.2010. I am a Banking Student. Questions arised for me are as below: 1. Which is the Biggest Peninsular Country? 2. What is Negotiable Instruments Act? 3. What is Bill of Exchange? 4. Economic Development of a Country is based on what? 5. Is India a Developed Country? 6. Is China a Developed Country? 7. Name any under Developed Countries? 8. What is the difference between Oceans & Seas? 9. How many Continents are in the World? 10. How many Oceans are there in the World? 11. What is a Peninsula? Gulf? Bay? 12. Biggest Country in the World? 13. Biggest Continent in the World? 14. Name any 2 Seas one from East and one from West of India? 15. How many marks you have scored in Maths in your S.S.L.C.? 16. Why didn't you study after what you have completed?
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POs 
