Current Affairs February 01, 2024: Rising Tension in Korean Peninsula, Interim Budget, Deputy Chief Minister, RBI Action on Paytm Payment Bank, India increases its tally of Ramsar Sites, Neuralink, Corruption Perception Index 2023, Exoplanet GJ9827d Current Affairs January 31, 2024: Maratha Militar...
TheReserve Bank of India(RBI) injectedRs6,956crore into the banking system to manage the increasing liquidity deficit, following a surplus liquidity of Rs 1.4 lakh crore that lasted more than two months. The liquidity deficit has arisen due to a negative balance of payments in Q3FY25, totaling...
The interest rate on WMA will be Repo Rate and overdraft will be 2% above the Repo Rate. The Reserve Bank, in consultation with Government of India, will put in place a rule- based WMA limit in future, based on objective parameters. Non-performing asset (NPA) : It is defined as a ...
Repo Rate is the rate at which the Reserve Bank of India (RBI) lends money to commercial banks or financial institutions in India against government securities. The current Repo Rate in 2023 is 6.50%. If the RBI lowers the Repo Rate, it increases the money supply in the market, which can...
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 condit...
Fixed Interest Rate of 2.5% per annum payable semi-annually on the nominal value. 8 years tenor with exit option in 5th, 6th and 7th year. Tradable on Stock Exchanges. Can be used as collateral for loans etc. ::SCIENCE AND TECHNOLOGY:: ...
Currently India is the sixth largest economy in the world with an annual GDP growth rate of 7.5 per cent and domestic private consumption accounts for about 60 per cent of the GDP. Currency Swap Agreement: It is a financial agreement between two counterparties, which specifies the nature of ...
IPO FAQs Create UPI ID on UPI app Apply on FundzBazar using your UPI ID Check mandate notification and authenticate with UPI PIN PleaseClick Hereto get a list of acceptable UPI handles Current IPOs Issue NameIssue DateIssue Size (in Crs)Price BandLot SizeFace ValueDRHP ...
The Reserve Bank of India (RBI) on Monday allowed microfinance institutions the freedom to set interest rates they charge borrowers, with a caveat that the rates should not be usurious. About: In revised guidelines for microfinance loans, which will take effect April 01, 2022, the RBI revised...
Rupee settlement of cross border trade and Central Bank Digital Currency (CBDC) where the RBI has already started moving forward, can also be areas of greater cooperation in the future. The book to be released today provides plenty of new ideas for forging cooperation in the region and seeking...