The primary functions of a commercial bank are accepting Deposits and also lending funds. Deposits are savings, current, or time deposits. Banks take in funds, called Deposits, from those with money, […]
The Reserve Bank of India has issued new guidelines for setting lending rate (on loans) by commercial banks under the
MCLR : New Lending Rate on Bank Loans w.e.f Apr 2016 – Details, Components & Review Read More »
On 15th Jan 2015, the Bombay Stock Exchange index (BSE – Sensex) surged around 700 points, its biggest single-day gain
“RBI (Reserve Bank of India) has cut interest rates.” “RBI has increased the interest rates.” “RBI keeps
What is CRR, SLR, Repo Rate & Reverse Repo Rate? Read More »
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