bank
This query is : Resolved
27 January 2009
what do you mean by Cash reserve ratio
what do you mean by reporate
what do you mean by reporate
27 January 2009
SIMPLY FOR YOU DEEPAK:
RBI HAS NOTIFIED A RATIO OF CASH AND CASH EQUIVALENT THAT HAS TO BE MAINTAINED BY EVERY BANK. A SPECIFIED CASH AND CASH EQUI. AS COMPARE TO THEIR TOTAL ASSETS IS TO BE RESERVED BY EACH BANK.
REPORATE:
SAY ONE BANK HAS IDLE FUNDS FOR SOME DAYS. AND ANOTHER BANK IS IN NEED OF FUNDS. THEN IInd BANK WILL APPROACH TO THE FIRST BANK TO LEND THEIR IDLE FUNDS TO THEM AGAINST THE SALE OF SECURITY. AFTER SOME DAYS THE BORROWER BANK WILL REPURCHASE ITS SECURITY FROM THE LENDER BANK. AND AS A CONSIDERATION IT WILL PAY THE LOAN AMOUNT PLUS INTEREST. THIS INTEREST RATE IS KNOWN AS REPO RATE. REPO MEANS REPURCHASE OPTION. AND THE REPORATE IS DECIDED BY THE RESERVE BANK OF INDIA.
RBI HAS NOTIFIED A RATIO OF CASH AND CASH EQUIVALENT THAT HAS TO BE MAINTAINED BY EVERY BANK. A SPECIFIED CASH AND CASH EQUI. AS COMPARE TO THEIR TOTAL ASSETS IS TO BE RESERVED BY EACH BANK.
REPORATE:
SAY ONE BANK HAS IDLE FUNDS FOR SOME DAYS. AND ANOTHER BANK IS IN NEED OF FUNDS. THEN IInd BANK WILL APPROACH TO THE FIRST BANK TO LEND THEIR IDLE FUNDS TO THEM AGAINST THE SALE OF SECURITY. AFTER SOME DAYS THE BORROWER BANK WILL REPURCHASE ITS SECURITY FROM THE LENDER BANK. AND AS A CONSIDERATION IT WILL PAY THE LOAN AMOUNT PLUS INTEREST. THIS INTEREST RATE IS KNOWN AS REPO RATE. REPO MEANS REPURCHASE OPTION. AND THE REPORATE IS DECIDED BY THE RESERVE BANK OF INDIA.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Gift of mutual fund units to daughter
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Are Customised Caps the Smartest Way to Promote Your Brand?
- Capital gain of property recd from partnership firm
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
