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
- 26075 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
i want know about the job profile of the assistant in css. do they have any posting else than delhi?
Thank God, I recievd my IOB PO Interview Call Letter Today Center at Patna Regional Office on 18th. Is there any one from Patna can help me How can i prepare or take Cochin for Interview in Patna. Pls help me immediate.
im btech(IT) student,qualified in bank of india clerk written test.can anybody tell what type of questions should i face in the interview? please send to my mail obul27@gmail.com
i am selected in uppcl for AE in electrical.please tell me what is asked in interview or mail me at anurag4gupta@gmail.com.thanks n good luck to all
I have filled the form and sent. When can I expect a call or a letter from them? What is the deadline for them to call me so that i know that i may or may never be called?
hii. i am a B.TECH(EEE) graduate .i want 2 knw wat type of qusns r askd 2 b.tech graduates in SBI clerk interview??plz post answer ASAP..
what is the 1th question
Is there any promotion of clerks in PUNJAB CIVIL SECRETARIAT AND EXCISE & TAXATION DEPARPTMENT PUNJAB to INSPECTOR grade.
please send me last 3 years questions paper of SBI BANK for the exam of probationary officer exam send me reply on my email ID rajshrirandhir@yahoo.com
how to get the details of old epf deposit details, if it is not paid online
when will ssa data entry test result will be announced????
Hi I have cleared SBI PO exam. Can any one help me out what all will b the GD topics I can expect.
postal assistant(grade pay 2400) Sir Along with gross salary(Rs 16500 apox.), is any other perquisites available?
i need the model question paper of si
IN WEST BENGAL,CAN GARM PANCHAYAT(A LOCAL GOVERNMENT) DEDUCT SALES TAX AND INCOME TAX AT SOURCE FROM A MATERIAL(CEMENT,SAND,ETC)SUPPLIER?PLEASE REFER TO THE RELATED GOVT. ORDER/NOTIFICATION/MEMO WHICH CLARIFIES THE FACT.
