Axis Bank Interview Questions, Process, and Tips

Repo rate is the rate at which the central bank of a country lends money to commercial banks.

• Repo rate is used by central banks to control inflation and liquidity in the economy.

• A higher repo rate means that banks will borrow less money from the central bank, leading to less money in circulation and potentially lower inflation.

• Conversely, a lower repo rate encourages banks to borrow more money, increasing liquidity in ...read more

A profit and loss account is a financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time.

• It shows the company's financial performance by detailing the total revenue generated and the expenses incurred.

• The difference between the revenue and expenses is the net profit or loss for the period.

• It helps in assessing the profitability and financial health of a business.

• Com...read more