Cash Reserve Ratio Current Affairs, GK & News
Cash Reserve Ratio
The Cash Reserve Ratio is the amount of funds that the banks are bound to keep with Reserve bank of India as a portion of their Net Demand and Time Liabilities (NDTL). The objective of CRR is to ensure the liquidity and solvency of the Banks. The CRR is maintained fortnightly average basis. Impacts of ..
RBI reduces repo rate by 35 basis points to 5.40%
Reserve Bank of India (RBI) in its third Bi-monthly Monetary Policy review for financial year 2019-20 has reduced its key policy rate (repo rate) by an unorthodox 35 basis points to 5.40%. This takes the benchmark lending rate to a nine-year low. It was overall fourth consecutive interest rate cut this year, bringing down repo ..
Month: Current Affairs - August, 2019
Category: Economy & Banking Current Affairs
Topics: Cash Reserve Ratio • Marginal Standing Facility Rate • Monetary Policy Committee • RBI Bi-monthly Monetary Policy Review • RBI Governor • Repo Rate • Reserve Bank of India • Reverse Repo Rate • Statutory liquidity ratio
RBI Monetary Policy review: Repo rate lowest since 2010
The Reserve bank of India (RBI) in its bi-monthly monetary policy review reduced repo rate by 25 basis points to 5.75% from current 6.0% with immediate effect. This is RBI’s third cut this year and has reduced Repo rate at lowest since 2010. Key Highlights With Repo Rate adjusted to 5.75%, consequently Reverse Repo Rate ..
Month: Current Affairs - June, 2019
Category: Economy & Banking Current Affairs
Topics: Bank rate • Cash Reserve Ratio • CRR • Digital India • GDP Growth Rate • LAF • Liquid Adjustment Facility • Marginal Standing Facility • Monetary Policy Committee • MSF • NEFT • RBI Bi-monthly Monetary Policy Review • RBI Governor Shaktikanta Das • Repo Rate • Reserve Bank of India • Retail inflation forecast • Reverse Repo Rate • RR • RTGS
On Tap Licence for Small Finance Banks
The Reserve Bank of India (RBI) is considering to issue “on tap” licensing for small finance banks. The on-tap licensing will allow entities to approach the RBI for obtaining licences for small finance banks on meeting laid-down criteria. RBI wants to cash in the potential of small finance banks in promoting banking facilities for small ..
Topics: Cash Reserve Ratio • CRR • FDI • Foreign direct investment • Local Area Banks • Micro-finance Institutions • NBFC • On Tap Licence • Priority sector lending • RBI • Reserve Bank of India • SLR • Small Finance Banks • Statutory liquidity ratio
RBI Monetary Policy Review
The Reserve Bank of India (RBI) has announced the second bi-monthly monetary policy statement for 2019-20. The key decisions reflected in the Monetary Policy statement are: Repo rate reduced to 5.75 per cent from the current 6per cent. Similarly, the reverse repo rate under the Liquidity Adjustment Facility (LAF) stands adjusted to 5.5% and the ..
Category: Economy & Banking Current Affairs
Topics: Cash Reserve Ratio • CRR • LAF • Liquidity adjustment facility • Monetary Policy Committee • Neutral Monetary Policy • RBI • Repo Rate • Reserve Bank of India • Reverse Repo Rate • Tight Monetary Policy
RBI to Infuse Rs 15,000 crores into the Financial System
The Reserve Bank of India (RBI) has decided to infuse Rs 15,000 crore into the financial system through purchase of government bonds via the auction route. The purchase of government securities would be through open market operations. Open Market Operations Open market operations are conducted by the RBI through sale or purchase of government securities ..
Topics: Cash Reserve Ratio • Liquidity Infusion • Monetary Policy • open market operations • RBI • Repo Rate • Reserve Bank of India • Statutory liquidity ratio