what is the difference between bdo unibank and bdo private bank
Banco de Oro In August 2003, BDO Unibank. acquired the local banking unit of Banco Santander with its commercial, trust and derivatives licenses to become BDO Private Bank, a fully owned subsidiary of BDO Unibank. The main goal the BDO Private Bank is to create market share in the Private banking/Modern Affluent Market segment by penetrating key areas in BDO Unibank's network. This is to complement and explore how the BDO Unibank Group can service all the financial and investment needs of the client.
Bank rate Bank rate in India is determined by Reserve Bank of India (RBI). It is the rate at which RBI gives loan to commercial banks with collateral ( RBI act 1934 sec.49 ) The RBI also provides short term loans to its clients (keeping collateral) which is called the repo rate. RBI revises this rate periodically. However, there is no predetermined schedule. The repo rates are changed re-actively depending on the economy. Like other countries, repo rates affect the money flow into the nation's economy and affect the inflation and commercial banks' lending or interest rate The Indian bank rate is 6.25%[7], which is same as the rate for Marginal Standing Facility (MSF)