Govt Exams
Allahabad Bank, established in 1865, is the oldest bank in continuous operation in India and was the first bank founded by Indians.
An LTD ratio of 95% indicates the bank is lending aggressively relative to deposits, which may strain liquidity.
RBI mandates that at least 12% of total priority sector lending should go to Micro and Small Enterprises.
CASA ratio reflects the proportion of Current Accounts to Savings Accounts, indicating low-cost deposit base quality.
CDs are negotiable instruments issued by banks at a discount, sold in the money market, with fixed maturity periods.
RBI prescribes priority sector lending to agriculture with a loan limit of ₹50 lakhs for individual farmers.
The corridor refers to the band between Repo Rate (upper ceiling) and Reverse Repo Rate (lower floor) for overnight lending.
If NII increases but Net Profit decreases, it indicates higher provisions/contingencies or elevated operating expenses offsetting income gains.
SLR is currently maintained at 21.5% of Net Demand and Time Liabilities (NDTL) as per RBI guidelines.
As per RBI's latest monetary policy stance in 2024, the repo rate stands at 6.5% with a neutral policy stance.