co-operativeedutech.blogspot.com   CURRENT  RBI RATES   Policy  Rates Policy Repo Rate : 4.40% Reverse Repo Rate : 4.00% Marginal Standing Facility Rate : 4.65% Bank Rate : 4.65%   Reserve ratios CRR : 3% SLR : 18.25%  

Functions of Central Bank Issuing of currency notes Acting as banker to the state / government Serving as the bankers bank Control of credit Acting as the custodian of the gold and foreign exchange reserves of a country Issuing of currency notes:- Principles of Note Issue: Currency Principles Banking Principles System of Note Issue: Fixed fiduciary system  Maximum fiduciary system  Proportional reserve system Minimum reserve system Acting as banker to the state / government: As a banker As a financial agent As a financial adviser Serving as the bankers bank: it  acts as friend, philosopher and guide of commercial banks. As the custodian of the cash reserves of commercial banks As the lender of last resort As the bank of clearance Control of credit:- Credit control means not mere credit restriction, but credit regulation (contracting or expanding the volume of credit) an...

Facts about RBI RBI is the central banking institution , which controls the monetary policy of the Indian rupee. RBI was established on 1 st April 1935, under the Reserve Bank of India Act, 1934. RBI was conceptualized based on the guidelines presented by Dr. Ambedkar in his book titled “The Problem of the Rupee – Its origin and its solution”.     RBI was set up based on the recommendation of “Royal Commission on Indian Currency & Finance” in 1926. This commission was also known as Hilton Young Commission . RBI was nationalised on 1...

“A Central Bank is the bank in any country to which has been entrusted the duty of regulating the volume of currency and credit in that country”- Bank for International Settlement (BIS) The Riks Bank of Sweden, the central bank of Sweden, was the 1 st central bank established in the world – 1656.   Central Bank Country Year The Bank of England/ The Old Lady of Threadneedle Street England  1694 Bank of France France 1800 ...

In 1998 the government appointed yet another committee under the chairmanship of Mr Narsimham. It is better known as the Banking Sector Committee. It was told to review the banking reform progress and design a programme for further strengthening the financial system of India. The committee focused on various areas such as capital adequacy, bank mergers, bank legislation, etc. It submitted its report to the Government in April 1998 with the following recommendations. 1.      Strengthening Banks in India  : It recommended the merger of strong banks which will have ‘multiplier effect’ on the industry. 2.      Narrow Banking  : Those days many public sector banks were facing a problem of the Non-performing assets (NPAs). Some of them had NPAs were as high as 20 percent of their assets. Thus for successful rehabilitation of these banks, it recommended ‘Narrow Banking Concept’ where weak banks will be allowed to place their funds ...

FURTHER DETAILS REGARDING MAIN TOPICS OF PROGRAMME No. 04/2020 (Item No: 11)   JUNIOR CO-OPERATIVE INSPECTOR   KERALA KHADI AND VILLAGE INDUSTRIES BOARD   Category Number: 309/2019   PART I - CO-OPERATION     1.    Cooperation and other economic systems - Capitalism, socialism and communism- cooperatives and other forms of business organizations- distinctive features of cooperative organization vis-à-vis-, partnership and joint stack companies- a cooperative as an institution and as an enterprise- cooperative common wealth. 2.     ...