1. What is RBI’s role with regard to conduct of Government’s banking transaction? In terms of Section 20 of the RBI Act 1934, RBI has the obligation to undertake the receipts and payments of the Central Government and to carry out the exchange, remittance and other banking operations, including theContinue Reading
HDFC Bank has launched a premier credit card, Infinia, for the high net-worth community in India. The card is expected to compete with American Express or Amex card.Continue Reading
Upcoming Bank Exams Bank Exams Bank Jobs / Positions Dates To Remember Remittance of fee Apply On-line Application submission written Test Canara Bank Specialist Officers:150 20.04.2011 to 13.05.2011 20.05.2011 Aryavart Gramin Bank Office Assts:67 Officers:51 13.04.2011 to 12.05.2011 Office Assts:03.07.2011 Officers:10.07.2011 SKG Bank Office Assts:40 Officers:15 13.04.2011 to 12.05.2011 OfficeContinue Reading
Reverse Repo Rate Reverse repo rate is the rate of interest at which the RBI borrows funds from other banks in the short term . This is done by RBI selling government bonds / securities to banks with the commitment to buy them back at a future date. The banksContinue Reading
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