WHAT IS TAKEOUT FINANCING SCHEME ?

IN FINANCING PROCESS THERE ARE TWO PARTIES

ONE GET LOAN AND ANOTHER WHO RECEIVE IT 

BUT IN TAKEOUT FINANCING THERE ARE THREE PARTIES--

1) ONE WHO GET LOAN

2) WHO RECEIVE LOAN

3)TAKEOUT INSTITUTION , IN INDIA IIFCL i.e. INDIAN INFRASTRUCTURE FINANCE COMPANY LTD. WHO WILL GIVE GUARANTEE TO LOAN PROVIDING BANK THAT HE WILL TAKE OVER LOAN AFTER SOME TIME. IN THIS WAY LOAN PROVIDING BANK SECURE THEMSELF. FROM LONG TERM LOAN 

GOVERNOR OF RBI

Duvvuri Subbarao HE IS 22ND GOVERNER OF RBI , CURRENTLY HIS TERM EXTENDED BY FINANCE MINISTER 

SOME IMPORTANT BANK RATES, CRR, SLR, REVERSE REPO AND OTHERS

Policy rates, Reserve ratios, lending, and deposit rates as on 26 July, 2011

Bank Rate	6.0%
Repo Rate	8%
Reverse Repo Rate	7%
Cash Reserve Ratio (CRR)	6.0%
Statutory Liquidity Ratio (SLR)	24.0%
Base Rate	9.50%/10.25%
Savings Bank Rate	4%
Deposit Rate	8.50%–9.25%