0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Is shinhan bank is approved scheduled bank by RBI?
Yeh, Shinhan bank is Scheduled commercial bank approved by RBI.
Can you get the loan from RBI?
No. RBI is not a regular commercial bank that provides banking services to normal people. You can get loans only from regular commercial banks like SBI or ICICI. RBI will give loans only to the regular commercial banks in India.
What is history of sebi?
securities exchange board of India he is a regulator just like a RBI as he regulate all commercial bank
What do you mean by reverse repo rates?
# 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.
Why has the Repo rate taken precedence over the bank rate as a short term interest rate?
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
Who perform the central banking function in India?
RBI(Reserve Bank of India)
Define scheduled banks?
A Schedule Commercial Bank is a bank that is registered with the Reserve Bank of India and is authorized by the RBI to provide banking services. Without the approval from RBI a bank cannot provide banking services in India. There are many scheduled commercial banks in India. Some are: ICICI Bank, State Bank of India, HDFC Bank, Bank of Baroda etc
What is sheduled commarcial banks?
A Schedule Commercial Bank is a bank that is registered with the Reserve Bank of India and is authorized by the RBI to provide banking services. Without the approval from RBI a bank cannot provide banking services in India. There are many scheduled commercial banks in India. Some are: ICICI Bank, State Bank of India, HDFC Bank, Bank of Baroda etc
What is exact meaning of scheduled bank?
A Scheduled Commercial Bank is a bank that is registered with the Reserve Bank of India and is authorized by the RBI to provide banking services. Without the approval from RBI a bank cannot provide banking services in India. There are many scheduled commercial banks in India. Some are: ICICI Bank, State Bank of India, HDFC Bank, Bank of Baroda etc
Main functions of central bank?
The main function of the central banks is to supervise the functioning of the member banks in the country. for example the Reserve Bank of India - RBI supervises the functioning of all the banks in India like state bank, icici, hdfc etc
What is current bank rate by rbi?
Answer :-It is the rate at with Reserve bank of India allows commercial bank to borrow money from the Reserve bank of India as per their eligibility for refinance.
Is Tamil Nadu merchentile bank approved by rbi?
Yes. TamilNadu Mercantile Bank or TMB is a scheduled commercial bank that is approved by the Reserve Bank of India. It offers commercial banking services like bank accounts, loans etc to its customers. Initially it only served customers in the state of TamilNadu, India and is now expanding its services to other states in the country.
