Interested to Buy Any Domain ? << Click Here >> for more details...
What is the meaning of repo rate by RBI of India
- 2 Answers
- 5668 Views
- State Bank Of India SBI, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
hii, I am vikas pandey from jaipur. I have cleared sbi clerk exam 2009. I want to know what questions are asked in Interview. If you have some details please mail me at vikas_pandey25@yahoo.com
Has anyone been selected as corporation bank clerk . test was held on 29/11/09. have u received offer of appointment .
please help me if any body face interview today?i have no idea what to do..............please
What is the biodataform that we have to fill for the sbi interview, is it the same resume? if not same as resume plz tell me where do i get this.
what quality should a cleark posses?
hi guys...can any guy cleared in clerical written test tell me that how much marka he/she scored in the wriiten test?
who is your role model and why?
WHAT ABOUT SENSEX AND NIFTY?
hi myself gaurav sharma and my interview is on 30th april 2010 in delhi plz send me everything you know about interview questions. my email is gaurav.ttt74@yahoo.com
rbi means
when will be the sbi clerks 2009, final results announced?
in sbi associate biodata form,what we have to write under column "indicate faculty " under class x?
Sharing interview question held on 30th April. 1. They saw my hobbies column and asked regarding hobbies question i.e. Chess. The question was Which is the current ongoing championship who vs who. Who is the leading player and by how many points? 2. Family Background. 3. Which services banks offer? 4. And most important question is when pensioner came to bank and asked about printing information of pension sheet. Condition is all printer is out of service. 5. Hobbies i.e. Elocution.
Why less people are applying in govt jobs
what is your philosophy towards work?
