repo rate - is the interest rate that reserve bank use to charge commercial banks repo rate - is the interest rate that reserve bank uses to charge commercial banks
no they cant only after 2 years
Repo is like a repurchase agreement.The rate at which RBI sells securities to bank. But, bank rate is the rate by which RBI lends money to commercial banks. Annu Prakash
The Repo rate is the rate at which the central bank lends loans to its member banks.
"both" the bank and repo man?? NOT that I am aware of. retaking, REPO??? usually charged by lender storage, USUALLY charged by repo co. repair (NOT normally done), sales expenses WHAT did who "SELL"??? READ YOUR CONTRACT. It should govern what you pay to whom.
No, he can charge what the market will bear.
In Florida, the repo company charges the lender with the cost to repo the car. However, the repo company can charge no more than $25 for storage of personals found in the auto.
The central bank does not directly determine the rates but the rates that it fixes like the Repo rate, Cash reserve ratio etc have a direct impact on the rates banks charge. When the repo rate is less and CRR is less then banks charge a lesser rate of interest and vice versa.
In Repo rate there is need of securities submission. In Bank Rate, there is no need of Security submission.
The bank/lending company are the ones who repo your car the repo chimps are just their agents.Your bank should tell you.
NO. Have him arrested if he did that. _____ Sue the lender/bank do not waste your time with the Repo guys; they are agents of the bank so the bank is responsible for their conduct.
Unfortunately, it doesn't seem as though you really won a car. The lien just means that the bank has interest in the vehicle until the note is paid. Yes, they can repo the car if the not isn't paid.
As of October 12, 2010, according to the Reserve Bank of India... repo rate 6.00% reverse repo rate 5.00% overnight call money 6.24%
The current Repo Rate is 6.5% and that of Reverse Repo Rate is 5.5%. While the Bank Rate is 6.00% ..
the repo rate is the rate that the reserve bank lends money to commercial banks
The reverse repo rate is the rate at which banks park their short-term excess liquidity with the Central Bank, while the repo rate is the rate at which the Central Bank pumps in short-term liquidity into the system.
it is rate at which the Central Bank (RBI in India)charges for lending money to the commercial bank. And reverse repo is the vise versa of the above
A dealership can never repo a car, the bank is the party which would because you owe the BANK (aka chase auto finance) because u financed through them.
Because a central bank is more secured place to lend money than any bank... Therefore when RBI lends money to banks i.e Repo is less secured than Any bank parking its funds with RBI.. i.e is Reverse Repo.
# 2 Repo rate is the discounting rate at which central bank borrows security from commercial bank.Repo means repurchase agreement b/w RBI &commercial bank. Reverse repo is the rediscounting rate at which commercial bank borrows discounted security from central bank ie RBI.
Call the bank and ask.
Non-payment of loan.
No. The bank didn't do it...... the repo man did. See the problem with your logic?
Assuming the State Bank of India, the spread between repo rate and reverse repo rate has trended towards 1.00%.