Monday, February 15, 2010

Indian Economy

Monetary and Credit policy
Bank rate: 6.0%
Cash Reserve Ratio(CRR) 5.0%
Statutory Liquidity Ratio(SLR) 25%
Repo rate 4.75%
Reverse Repo Rate 3.25%
Banking and Capital Market
The First fully indian bank is “Punjab National Bank”.
India’s central bank is “Reserve Bank of India”.
Governer of RBI is “Dr. D.Subbarao”.
Nationalisation of 14 big banks in “july 19, 1969”.
Nationalisation of 6 another banks in “April 1980”.
Present No. Of Nationalised Banks are 19.


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