What happens when banks run out of money? Do the people stop getting their money? Have you ever come across a situation where the bank told you that it has no funds to provide you with your money? I am sure such a situation has never been faced by you. But banking is a business; banks take your money and give it to people who come to ask for loans, this is the primary business … [Read more...]
Banking Awareness #1 What Is Repo Rate?