General Knowledge

Business Glossary

Call Money / Notice Money Market

All banks in India participate in the Call Money / Notice Money market. This is a very short term market where the maturity is NOT more than 14 days (excluding

How RBI regulates Foreign Banks ?

There are 32 foreign banks present in the country with their little over 300 branches. This accounts for less than 0.5 per cent of about 72,000-branch overall network of all

LORL

The banks can borrow from the RBI on the basis of eligible securities or any other arrangement and at the time of need or crisis, they approach RBI for financial

Minimum Reserve System

  Originally, the assets of the Issue department were to consist of not less than 2/5th of the Gold or sterling securities, provided Gold was NOT less than ` 40

Proportional Reserve System

Originally, the assets of the Issue department were to consist of not less than 2/5th of the Gold or sterling securities, provided Gold was NOT less than ` 40 Crores

National Bank for Agriculture and Rural Development (NABARD)

In NABARD the majority stake is held by the Reserve Bank. NABARD is an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture,