RBI tells banks to complete transition from LIBOR by July - IN FOCUS | Drishti IAS English

The Reserve Bank of India (RBI) has asked banks and financial institutions to adopt by July 1 a widely accepted Alternative Reference Rate, such as the Secured Overnight Financing Rate (SOFR), to complete the transition from the scandal-hit London Interbank Offered Rate (LIBOR) and Mumbai Interbank Forward Outright Rate (MIFOR). PDF Telegram Link- https://t.me/infocusdrishtiias =̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐃𝐫𝐢𝐬𝐡𝐭𝐢 𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐀𝐩𝐩 𝐧𝐨𝐰 : https://play.google.com/store/apps/de... =̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵ 𝐓𝐨 𝐛𝐮𝐲 𝐈𝐀𝐒 𝐏𝐫𝐞𝐥𝐢𝐦𝐬 𝐏𝐞𝐧𝐝𝐫𝐢𝐯𝐞 𝐂𝐨𝐮𝐫𝐬𝐞𝐬 𝐚𝐧𝐝 𝐇𝐢𝐧𝐝𝐢 𝐋𝐢𝐭𝐞𝐫𝐚𝐭𝐮𝐫𝐞 𝐂𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐠𝐢𝐯𝐞𝐧 𝐥𝐢𝐧𝐤𝐬: 👉 For 𝐟𝐞𝐞 & 𝐨𝐭𝐡𝐞𝐫 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 of IAS Prelims Pendrive/Online Courses: https://www.drishtiias.com/online-course 👉 𝐀𝐝𝐦𝐢𝐬𝐬𝐢𝐨𝐧 Page Link for 𝐇𝐢𝐧𝐝𝐢 𝐋𝐢𝐭𝐞𝐫𝐚𝐭𝐮𝐫𝐞- http://bit.ly/3cAFH6L 👉 Online IAS GS (Prelims + Mains) Foundation Course 𝐃𝐞𝐦𝐨 𝐜𝐥𝐚𝐬𝐬 playlist- https://bit.ly/3xkUsDM 👉 To 𝐛𝐮𝐲 𝐭𝐡𝐢𝐬 𝐜𝐨𝐮𝐫𝐬𝐞 call us: 9319290700/9319290701/9319290702 👉 Mail us: [email protected] =̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵ 𝐅𝐨𝐫 𝐕𝐢𝐝𝐞𝐨 𝐮𝐩𝐝𝐚𝐭𝐞𝐬 𝐟𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 𝐚𝐭 ------- 👉 Facebook:   / drishtieng   👉 Twitter:   / drishtiiaseng   👉 Instagram:   / drishtiiase.  . 👉 Telegram Channel: Link 1: https://t.me/drishtiiasenglish Link 2: https://t.me/dailycadrishtiias 👉 WhatsApp number: 9205885200 =̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵ 👉 𝐋𝐢𝐧𝐤𝐬 𝐨𝐟 𝐘𝐨𝐮𝐓𝐮𝐛𝐞 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭𝐬- 1. Latest Update: https://bit.ly/3ihWbFT 2. To The Point: https://bit.ly/3jeVXhP 3. Today's GK: https://bit.ly/3igEupX 4. Simplified: https://bit.ly/37cnefx 5. MindMaps for UPSC: https://bit.ly/3fmYky6 6. Important Government Schemes: https://bit.ly/3jcwLZq =̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵ 👉 𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐨𝐧 𝐨𝐮𝐫 𝐰𝐞𝐛𝐬𝐢𝐭𝐞 - 👉 Daily News & Editorial: https://bit.ly/3BZb4EK 👉Daily Current Affairs MCQs: https://bit.ly/3xlZfVH 👉Weekly Revision MCQs: https://bit.ly/3iiwoND 👉Previous Year Paper: https://bit.ly/3igYTv6 #RBI #LIBOR #MIBOR #DrishtiIasINFOCUS