Entrance Exams
Govt. Exams
The Reverse Repo Rate is typically 25-50 basis points below the Policy Repo Rate. Check latest RBI announcements for exact current rate.
Repo (Repurchase Agreement) is a short-term borrowing mechanism where securities are sold with an agreement to repurchase them at a higher price on a specified date.
Section 24 of the RBI Act, 1934 mandates that banks maintain a minimum SLR of not less than 18% of their net demand and time liabilities (NDTL).
CRR requires banks to maintain a certain percentage of their demand and time liabilities as cash reserves with the RBI, currently at 4.5% (as of 2024).
The Basel Committee on Banking Supervision sets international standards for bank regulation and capital adequacy through Basel I, II, and III frameworks.
IBC, 2016 provides a time-bound resolution process for insolvent debtors and companies, aimed at maximizing asset value and protecting creditor interests.
The Kelkar Committee (2003) recommended the implementation of GST in India, which was later formally implemented on July 1, 2017.
DICGC covers deposits up to Rs. 5 lakh per depositor per bank as per the latest amendment effective from 2024, increased from the previous Rs. 1 lakh.
Goldman Sachs is an investment bank, not a credit rating agency. CRISIL, ICRA, Care Ratings, and Brickwork Ratings are recognized credit rating agencies by SEBI.
RBI mandates a minimum CRAR of 10.5% for scheduled commercial banks under Basel III framework, which includes capital buffers and conservation requirements.