The Reserve Bank of India (RBI) has introduced the Secured Overnight Rupee Rate (SORR) as a new benchmark to enhance the interest rate derivatives market and improve the credibility of rate benchmarks. It will include repo and tri-party repos (TREPS).
Vishal Mega Mart, a hypermarket chain established in 2001, is launching its IPO from December 11-13, 2024, with a price band of ₹74-₹78 per share and a lot size of 190 shares. The public issue reserves 50% for QIBs and 15% for NIIs.
The Term of the Week explains a Line of Credit (LOC), a flexible credit product offered by banks for both personal and business use.
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