1. RBI Current Policy & Reserve Rates:
Repo Rate – 7.75% Reverse Repo– 6.75% CRR – 4% SLR – 23% MSF– 8.75% Bank Rate – 8.75%
2. What is Bank?
Ans. Bank is financial institution which accepts deposits from the public for the purpose of lending.
3. Types of banks?
Ans. Nationalized banks, Private Banks, Foreign banks, Regional rural banks, Co-operative banks, Industrial banks etc..,
4. What is a nationalized bank?
Ans: Banks which are owned and run by government of India are called as nationalized banks. Example: Canara bank, syndicate bank, Vijaya bank, etc..,
There are total 21 nationalized banks at present. Bhartiya Mahila Bank is a new nationalized bank which starts operation in November. Private bank: Banks which are owned and run by individuals are called private banks. Example: karnataka bank, karurvysya bank, lakshmivilas bank etc..,
Foreign banks: Banks which are foreign originated [based] are called foreign banks Example: Citi bank, HSBC bank.
Repo Rate – 7.75% Reverse Repo– 6.75% CRR – 4% SLR – 23% MSF– 8.75% Bank Rate – 8.75%
2. What is Bank?
Ans. Bank is financial institution which accepts deposits from the public for the purpose of lending.
3. Types of banks?
Ans. Nationalized banks, Private Banks, Foreign banks, Regional rural banks, Co-operative banks, Industrial banks etc..,
4. What is a nationalized bank?
Ans: Banks which are owned and run by government of India are called as nationalized banks. Example: Canara bank, syndicate bank, Vijaya bank, etc..,
There are total 21 nationalized banks at present. Bhartiya Mahila Bank is a new nationalized bank which starts operation in November. Private bank: Banks which are owned and run by individuals are called private banks. Example: karnataka bank, karurvysya bank, lakshmivilas bank etc..,
Foreign banks: Banks which are foreign originated [based] are called foreign banks Example: Citi bank, HSBC bank.
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