Economic,Banking and Financial Terms: Refinance: The system of borrowing by a bank or other financial intermediary from an apex institution or the CENTRAL BANK of a country, on the strength of its loans or financial ASSETS. Thus, for instance, IDBI and NABARD provide refinance to a host of banks and institutions vis-à-vis the loans made by the latter to ultimate borrowers. Refinance may also be increased by the Reserve Bank of India as a short-term measure to douse a sudden flare-up in MONEY MARKET rates, e.g. the CALL MONEY rate.
Posted on: Tue, 08 Jul 2014 13:00:01 +0000
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