Private sector lender ICICI Bank has launched two new products – loan against deposits and dollar bonds – for non-resident Indians at its GIFT City branch in Gujarat and is the the first to offer these products in GIFT City. The loan against deposits facility is similar to a loan in foreign currency against a deposit in India and includes non-resident external fixed deposits in rupees. Clients may avail of the facility for short-term cash requirements without premature closure of term deposits which entails penalties. Up to 95 per cent of the deposit value can be availed of using this loan and customers can borrow for flexible tenures at fixed or floating interest rates.
Which of the following is not an advantage of Futures?
National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme. NPS is regulated by?
If a bond is issued when prevailing interest rates are 8% at Rs.1,000 par value with a 8% annual coupon. Which of the following is NOT correct?
...Which of the following is the most volatile foreign capital?
About the function of derivatives, which of the following is not correct?
........................................is a contractual agreement made between two parties, in which one party agrees to pay for potential losses or da...
Which of the market can be divided into primary and secondary market?
Which of the following act is not administered by RBI?
Currency Swap is an instrument to manage-
Reserve Bank of India has cancelled the license of Independence Co-operative Bank Ltd. It is based at ________________.
