BANK Bank of India PO Mock Test 2023 Current Affairs Business and Economy Economic and Financial Affairs
As the Reserve Bank of India (RBI) issued an advisory to banks and other RBI-regulated entities emphasizing the need for preparedness for the transition away from LIBOR, it had also advised the banks to cease using the MIFOR (Indian benchmark which references the LIBOR). What does 'O' stand for in MIFOR?
1
Offsetting
2
Operating
3
Overdraft
4
Outright
5
Overnight