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Call Money Market in india

Call Money Market in india

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Published by Divya
Call money market in india
Call money market in india

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Categories:Types, School Work
Published by: Divya on Jan 13, 2010
Copyright:Attribution Non-commercial

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01/05/2014

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PRESENTED BY:DIVYA BODDU(07) , AIKTA DUBE(08), MEGHRAJ GAWANDE(09),SAURABH GOSWAMI(10), HEMANT KALAMKAR(11), NAILESH JACOB(09020242012)
 
“Call Money"means deals in overnight funds
"Notice Money"means deals in funds for 2 - 14 days
"Fortnight"shall be on a reporting Friday basis andmean the period from Saturday to the secondfollowing Friday, both days inclusive
"Bank”or“banking company"means a banking company or a "corresponding new bank", "StateBank of India" or "subsidiary bank“ and includes a"co-operative bank"
 
“Scheduled bank”means a bank included inthe Second Schedule of the Reserve Bank of India Act, 1934
"Primary Dealer"means a financial institutionwhich holds a valid letter of authorization as aPrimary Dealer issued by the Reserve Bank, interms of the "Guidelines for Primary Dealersin Government Securities Market“
"Capital Funds"means the sum of the Tier Iand Tier II capital as disclosed in the latestaudited balance sheet of the entity.

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