All Entries in the "Banking and Financial Awareness" Category
Repo Rate & Reverse Repo Rate (Revised)
Thius is to inform you all that Repo Rate Reverse Repo Rate have been changed BY .25%. Our team has already posted Definition of Repo Rate & Reverse Repo Rate in earlier posts, so in this post we are just telling about revised Rates REPO RATE Earlier : 5.25 % New : 5.50 % REVERSE [...]
Add to orkutBanking terminology 3 : Cash Reverse Ratio (CRR)
## Banking terminologies for bank po and other bank exams ## What is CRR Rate? Answer: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method [...]
Add to orkutRepo Rate & Reverse Repo Rate
#BANKING TERMINOLOGIES FOR BANK PO AND OTHER EXAMS# Repo Rate (RR) Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When [...]
Add to orkutBanking terminology 1
# Banking Terminologies for Bank PO Exams # #SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers. #SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to [...]
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