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The Reserve Bank of India (RBI) has asked banks and financial institutions to adopt by July 1 a widely accepted Alternative Reference Rate, such as the Secured Overnight Financing Rate (SOFR), to complete the transition from the scandal-hit London Interbank Offered Rate (LIBOR) and Mumbai Interbank Forward Outright Rate (MIFOR). Banks and private companies were using LIBOR as the benchmark rate for raising funds abroad. It was a key benchmark for setting the interest rates charged on adjustable-rate loans, mortgages and corporate debt. New transactions are now predominantly undertaken using SOFR and the Modified Mumbai Interbank Forward Outright Rate (MMIFOR). SOFR is considered a more accurate and more secure pricing benchmark.
What is the focus of the "Har Ghar Lakhpati" scheme launched by SBI?
Which of the following ministry recently launches Toilets 2.0 Campaign on the Occasion of World Toilet Day 2022?
Why did India's rank drop from 80th in 2024 to 85th in the Henley Passport Index 2025?
What is the expected annual energy output of the Heo Hydro Electric Project?
How many T20I runs has Jos Buttler scored as of June 2025, placing him 4th in all-time rankings?
The New Development Bank (NDB) was established in which year?
Exchange-Traded Fund (ETF) is a basket of securities that can be traded on a stock exchange. In this regard, consider the following statements:
1...
'Residex' is associated with tracking changes in which of the following?
SEBI has slapped fines totalling ____ on 15 entities for indulging in non-genuine trades in the illiquid stock options segment on BSE.