The Repo Rate is a key tool used by central banks, like the Reserve Bank of India (RBI), to control the money supply in the economy. The term "Repo" stands for Repurchase Agreement. In simple terms, it’s the interest rate at which commercial banks borrow money from the central bank.more
India's banking sector is a vital pillar of the country's economy, acting as a bridge between capital surplus and capital deficit areas. It has evolved significantly over the past few decades, embracing technology, expanding financial inclusion, and fostering economic growth. The sector comprises public sector banks (PSBs), private sector banks, regional rural banks (RRBs), cooperative banks, and foreign banks.more
