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What is reverse reporate?
When in case RBI require to take loan from commercial bank, than this rate of interest is known as reverse repo rate
How do banks use a major portion of deposits?
they put this money for the up comeing loan demand yooooo hope this help becose i am a district manager of RBI
Which financial institutions has introduced the know your customer scheme?
rbi
What is the current CRR declared by rbi?
the current CRR declare by RBI is 6%.2011
When was RBI nationalised?
1949
What bank having a first loan association?
RBI
What is the difference between plr and bplr?
plr means give loan to best customer bplr means rbi gives the loan to banks
What is the definition of Non Performing Assets by RBI?
As defined by RBI, an NPA or non-performing asset is credit in which interest has been past due for a period of time. A good example would be the interest of an unpaid loan.
What is reverse reporate?
When in case RBI require to take loan from commercial bank, than this rate of interest is known as reverse repo rate
How do banks use a major portion of deposits?
they put this money for the up comeing loan demand yooooo hope this help becose i am a district manager of RBI
Who was the Rbi's first governor?
Sir Osborne smith was the first RBI governor but the first Indian rbi governor was C.D.Deshmukh who was the third rbi governor
WHERE IS RBI SITUATED?
the RBI is situated in New Delhi
What is roll over of fcnrb loan and pls send us the draft for the same?
I am talking about FCNR-B loan to a coporate entity. FCNR-B loan is normally given by a bank/fin institution for a fixed period, say six months. I wanted to know whether such a loan can be renewed for another perid of six months on expiry of the previos loan and without making payment of the first loan . Please answer in terms of RBI guidelines.
How repo rate used as a tool to control inflation?
Whenever the banks have any shortage of funds they can borrow it from RBI. Repo rate is the rate at which our banks borrow rupees 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. Hence, When the repo rate is hiked, the bank gets loan at a higher interest rate from RBI, and henceforth Banks give loan to retail customer/ corporate customer at a more higher rate, so demand for the loan from the customers of bank decreases decreases and there is less money in the market. Since, the liquidity of the marked is sucked by increasing Repo Rate, public can't afford to pay more for any particular commodity, and hence the inflation of the economy gets controlled.
Is it 7 RBI or 7 RBI's?
Formally, since RBI stands for "runs batted in" it should be "seven RBI". However, in virtually universal usage, RBI is treated as a singular noun and therefore seven of them would be "seven RBIs".
How does RBI work?
An RBI works like this, if a batter hit the ball, no matter in what situation ( besides getting out with 2 outs) and if they get out or not but they get a run in, it is an RBI. An RBI stands for runs batted in.
Who is the chairman of rbi?
Dr. YV Reddy is the Governor of the RBI
