Statutory liquidity ratio Current Affairs, GK & News
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 ..
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
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
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 ..
The Reserve Bank of India (RBI) has announced sixth Bi-Monthly Monetary Policy Statement. In its bi-monthly monetary policy statement, RBI has not changed its main lending rate i.e.Repo Rate and cash reserve ratio (CRR). But changed statutory liquidity ratio (SLR) of scheduled commercial banks. On the basis of an assessment of the current and evolving ..
RBI slashed the Statutory Liquidity Ratio (SLR) by 1 percentage point from 24 % to 23 % which is expected to provide liquidity of around Rs 60, 000 crore. It kept the major indicative policy rates unchanged while it slashed the gross domestic product (GDP) projections for the current financial year from 7.3 % to ..