Whenever the banks have any shortage of funds they can borrow it from RBI. Repo rate is the rate at which our banks borrow rupees from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases borrowing from RBI becomes more expensive.Cash reserve
There should be no restrictions. This may be confirm from LIC Office.
Yes.
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Yes, Certainly you can.
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