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A giro transfer, often shortened to giro (/ ˈ dʒ aɪ r oʊ, ˈ ʒ ɪər oʊ /), [1] is a payment transfer between current bank accounts and initiated by the payer, not the payee. [2] ...
Risk-based inspection (RBI) is an optimal maintenance business process used to examine equipment such as pressure vessels, quick-opening closure - doors, heat exchangers, and piping in industrial plants. RBI is a decision-making methodology for optimizing inspection plans.
The RBI regulates this ratio so as to control the amount a bank can lend to its customers. For example, an individual wants to buy a car using borrowed money and the car's value is ₹1 million. If the LTV is set to 70% he can borrow a maximum of ₹700,000. The RBI can decrease or increase to curb inflation or deflation respectively.
The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (also known as the SARFAESI Act) is an Indian law.It allows banks and other financial institutions to auction residential or commercial properties of defaulters to recover loans. [1]
Liquidity adjustment facility (LAF) is a monetary policy tool which allows banks to borrow money through repurchase agreements (repos) that is primarily used by the Reserve Bank of India (RBI). [ 1 ] The LAF is used to aid banks in adjusting the day to day mismatches in liquidity .
The Government of India, in consultation with RBI, notified the 'Inflation Target' in the Gazette of India Extraordinary dated 5 August 2016 for the period beginning from the date of publication of the notification and ending on 31 March 2021 as 4%. At the same time, lower and upper tolerance levels were notified to be 2% and 6% respectively.
Section 22 states that only the RBI has the exclusive rights to issue currency notes in India. Section 24 states that the maximum denomination a note can be is ₹ 10,000 (US$120). Section 26 of Act describes the legal tender character of Indian bank notes. Section 28 allows the RBI to form rules regarding the exchange of damaged and imperfect ...
Taggart Gyro Bee Plans-built version introduced in 1990. [1] Star Bee Light Kit-built version of the GyroBee, produced by Star Bee Gyros. Mounts a 23 ft (7.0 m) Sport Copter rotor, Ivoprop propeller and a 45 hp (34 kW) Zanzottera MZ 201. [1] [2] Star Bee Total Bee Kit-built version of the GyroBee, produced by Star Bee Gyros.