Banking Concept: Simplifying RBI Key Policy Rates What are the key policy rates used by RBI to influence interest rates? The key policy or ’signalling’ rates include the bank rate‚ the repo rate‚ the reverse repo rate‚ the cash reserve ratio (CRR) and the statutory liquidity ratio (SLR). RBI increases its key policy rates when there is greater volume of money in the economy. In other words‚ when too much money is chasing the same or lesser quantity of goods and services. Conversely‚ when there
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(i) Paper I – English: Essay‚ Précis writing‚ Comprehension and Business/Office Correspondence. (ii) Paper II – Economic and Social Issues: Growth and Development – Measurement of growth : National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues. Economic Reforms in India – Industrial and Labour Policy – Monetary and Fiscal Policy – Privatisation – Role of Economic Planning. Globalization – Opening up of the
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Given the predominantly agrarian character of the Indian economy‚ the Reserve Bank’s role has been to ensure timely and adequate credit to the agricultural sector and other economic activities in rural area at affordable cost. Section 54 of the RBI Act‚ 1934 states that: the Bank may maintain expert staff to study various aspects of rural credit and development and in particular‚ it may:- (a)tender expert guidance and assistance to the National Bank (NABARD) and (b) conduct
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Introduction The central bank of the country is the Reserve Bank of India (RBI). It was established in April 1935 with a share capital of Rs. 5 crores on the basis of the recommendations of the Hilton Young Commission. The share capital was divided into shares of Rs. 100 each fully paid which was entirely owned by private shareholders in the begining. The Government held shares of nominal value of Rs. 2‚20‚000. Reserve Bank of India was nationalised in the year 1949. The general superintendence
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Date: Jul 02‚ 2012 Guidelines issued under Section 36(1)(a) of the Banking Regulation Act‚ 1949 - Implementation of the provisions of Foreign Contribution (Regulation) Act‚ 2010 RBI/2012-13/44 DBOD.AML.BC.No.12/14.08.001/ 2012-13 July 2‚ 2012 Ashadha 11‚ 1934 (Saka) The Chairmen/Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs) Dear Sir‚ Guidelines issued under Section 36(1)(a) of the Banking Regulation Act‚ 1949 - Implementation of the provisions of Foreign Contribution
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guidelines released by RBI: Owners/Promoters: Any Indian group or entity shall be eligible to promote a bank through a wholly owned Non-Operative Financial Holding Company (“NOFHC”). The group/entity certainly should be having sound financial condition‚ integrity‚ credentials and must be operational for 10 or more years. The NOFHC will be registered as a non-banking financial company (“NBFC”) with the RBI and will be governed by a separate set of directions issued by RBI. Broadly understanding
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LA was held hostage; not by any foreign terrorists‚ not by a splinter cell organization‚ or even by some fundamentalist group. But by its own citizens‚ the people who live their lives and settle themselves in LA: storeowners‚ office workers‚ construction workers‚ gang members‚ people who were on welfare‚ and even middle class whites were involved in the Siege of LA. It affected everyone‚ it didn ’t discriminate‚ and it didn ’t care what race you were or what your financial status was. All of that
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University 3S is the core of the Harlem RBI organization. What is 3S? Sports+Studies=Success! Harlem RBI is a nonprofit‚ sport-based‚ youth development organization located in East Harlem‚ New York. The mission of the organization is use baseball and softball and the power of teams to provide inner-city youth with opportunities to play‚ learn and grow‚ inspiring them to recognize their potential and realize their dreams. +user statistic Players at Harlem RBI learn teamwork and develop friendships
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RBI Monetary Policy – S2 Group 1 1. Fiscal Policy Use of “Government Expenditure”‚ and “taxation” to manage the economy. Purpose of Fiscal Policy o Stabilise economic growth o avoiding the boom and bust economic cycle Variables affected by Fiscal Policy in the economy o Aggregate demand and the level of economic activity o The pattern of resource allocation o The distribution of income. 2. Physical Policy Meant to affect only strategic points of the economy. Purpose of Physical Policy o
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RESERVE BANK OF INDIA : ORGANISATION CENTRAL BOARD OF DIRECTORS GOVERNOR Dr. D. SUBBARAO DEPUTY GOVERNORS Dr. K. C. CHAKRABARTY Dr. SUBHIR GOKARN SHRI ANAND SINHA SHRI H.R. KHAN Co-ordination Work Executive Directors Department of Currency Management (Dr. N. Krishna Mohan‚ CGM) Financial Markets Department Shri V.K. Sharma Rural Planning & Credit Department (Smt. Deepali Pant Joshi‚ CGM-inCharge) Customer Service Department (Shri Rajesh Verma‚ CGM) (G. Mahalingam‚ Chief
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