The Repo Rate is an important tool used in the Reserve Bank of India’s (RBI) Monetary Policy. The RBI Governor leads a group called the Monetary Policy Committee (MPC), which typically includes six members. They work together to create, manage, and adjust policy rates based on the country...
How Repo Rates Affect Home Loan Interest Rates ? The interest rates on floating Home Loans are linked to a bank's base rate or Marginal Cost of Funds based Lending Rate (MCLR). These rates can vary due to changes in the Reserve Bank of India's (RBI) monetary policy, economic conditions...
RBI Interest Rate Reverse Repo Rate Trade Auto Exports Balance of Trade Capital Flows Crude Oil Production Current Account Current Account to GDP Exports Exports by Category Exports by Country External Debt Foreign Direct Investment Gold Reserves Imports Imports by Category Imports by Country Remittances...
Lessons from RBI: When the pandemic started to influence the economy, the government and the Reserve Bank of India have shown significant collaboration. The RBI’s crisis playbook, implemented at a systemic level under the direction of sizable and systemically significant banks, has been the best-...
Dear Readers, Welcome to dailyCurrent Affairs quiz questions with answers on Indian Economy. These objective type (MCQ) questions onIndian Economyare useful for competitive exams like IBPS, Bank PO, SBI PO, RRB, RBI, LIC, Specialist Officer, Clerk, SSC, UPSC, Railway etc. ...
Interest Rates In a Savings Account, the account holder earns interest on their savings. However, in a Current Account, you don't receive interest payouts because the deposited funds are primarily used for business transactions rather than being held for saving purposes. ...
RBI Governor Shaktikanta Das said that India’s foreign exchange reserves reached an all-time high of $645.6 billion as of March 29, 2024. According to him, the headline inflation has eased to 5.1% both in January and February. CPI Inflation for FY25 has been projected at 4.5%. In Febru...
no interestis paid on balances inCurrent accounts. RBI prohibits banks frompaying interestin Current accounts. While opening of current accounts forbusiness entities, banks should makereference toCIBILto ensurethat the entity does not have borrowing arrangement and it is not on the list of default...
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3) The RBI formed Malegamcommittee aimed to address the primary customer complaints that led to the crisis, including coercive collection practices, usurious interest rates, and selling practices that resulted in over-indebtedness. Which of the above statements are true ?