Entrance Exams
Govt. Exams
If NII increases but Net Profit decreases, it indicates higher provisions/contingencies or elevated operating expenses offsetting income gains.
PMJDY aims at financial inclusion by providing zero-balance bank accounts and access to banking services for all.
SLR is currently maintained at 21.5% of Net Demand and Time Liabilities (NDTL) as per RBI guidelines.
Basel III prescribes a Countercyclical Buffer ranging from 0.625% to 2.5% of risk-weighted assets during credit booms.
As per RBI's latest monetary policy stance in 2024, the repo rate stands at 6.5% with a neutral policy stance.
Perpetual Deposit Account is not a standard deposit category. Banks offer Savings, Current, Fixed, and Recurring deposits.
RBI mandates a minimum CRAR of 10.5% for SCBs, comprising 5.5% Tier I capital and 5% Tier II capital as per Basel III framework.
Digital banking provides reduced costs, 24/7 access, and enables financial inclusion for unbanked populations through mobile and internet banking.
PMSBY provides accidental death insurance coverage of ₹2 lakhs to individuals aged 18-70 years at a nominal annual premium.
MSF is the rate at which scheduled commercial banks can borrow from RBI against approved securities for short-term liquidity needs.