The Reserve Bank of India (RBI) has asked banks and financial institutions to adopt by _______ 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).
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.
Consider the following statements:
1. Prime Meridian passes through Greenwich and is at 0° Longitude.
2. International Date Line, on...
How many new employments were added to Schedule-II, as per the amendment made in 1995 in compensation act 1923?
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The authorization for the withdrawal of funds from the Consolidated Fund of India must come from;
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Match List-I (Wildlife Sanctuary) with List-II (State) and select the correct answer using the code given below the lists:
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<...22nd Summit of the SCO Council hosted by which ministry ?
A can complete a work in 25 days. B takes 5 days less than A to complete the same work. In how many days can both of them together complete 90% of the w...
