FACTS YOU SHOULD KNOW
What is Bank rate?
Bank rate, also referred to as the discount rate in American English, is the rate of interest which a central bank charges on the loans and advances to a commercial bank. Whenever a bank has a shortage of funds, they can typically borrow from the central bank based on the monetary policy of the country.
What is BSE Index?
The S&P BSE SENSEX (S&P Bombay Stock Exchange Sensitive Index), also-called the BSE 30 or simply the SENSEX, is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on Bombay Stock Exchange.
What is CRR rate?
Cash Reserve Ratio is a certain percentage of bank deposits which banks are required to keep with RBI in the form of reserves or balances. Higher the CRR with the RBI lower will be the liquidity in the system and vice versa.
What is CSDL?
CSDL or Central Depository Services Limited, is the second Indian central securities depository based in Mumbai.
What is current CRR rate?
As on September 2015, CRR rate is 4%.
What is current SLR rate?
As on September 2015, SLR rate is 21.25%.
What is Fiscal Policy?
Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.
What is the full form of BSE and NSE?
BSE stands for Bombay Stock Exchange and NSE stands for National Stock Exchange
What is the Maximum possible limit of CRR rate?
RBI is empowered to vary CRR between 15% and 3%.
What is the Maximum possible limit of SLR rate?
RBI is empowered to increase SLR rate up to 40%.
What is Monetary Policy?
Monetary policy is the process by which monetary authority of a country, generally a central bank controls the supply of money in the economy by its control over interest rates in order to maintain price stability and achieve high economic growth.
What is Nifty Index?
The CNX Nifty, also called the Nifty 50 or simply the Nifty, is National Stock Exchange of India's benchmark stock market index for Indian equity market. Nifty is owned and managed by India Index Services and Products (IISL), which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited.
What is NSDL?
NSDL is National Securities Depository Limited. It is the first and largest electronic securities depository in India, established in August 1996.
What is RBI?
The Reserve Bank of India (RBI) is India’s central banking and monetary authority. RBI regulates loans offered by banks and non-banking financial institutions to government entities, businesses, and consumers and controls the availability of funds in the financial system for credit.
What is SLR rate?
SLR or statutory liquidity ratio is the minimum percentage of deposits that a bank has to maintain in form of gold, cash or other approved securities. It is the ratio of liquid assets (cash and approved securities) to the demand and term liabilities / deposits.
