RBI does not directly lend to retail customers. Its primary functions include currency issuance, forex management, and monetary policy implementation through banking channels.

As per RBI's latest monetary policy in 2024, the repo rate stands at 6.5%. This is the rate at which RBI lends to commercial banks.

RBI serves as the Banker to the Government of India, managing government accounts, treasury operations, and public debt.

NEFT (National Electronic Funds Transfer) is an electronic fund transfer system in India for transferring funds between banks.

Insurance Regulatory and Development Authority of India (IRDAI) regulates and supervises insurance companies operating in India.

RTGS (Real Time Gross Settlement) is a system for real-time transfer of funds and securities between banks in India.

KYC (Know Your Client) is a mandatory procedure for banks to verify customer identity and assess their financial profile to prevent fraud and money laundering.

RBI guidelines classify an account as NPA after 90 days of non-payment. This is the standard threshold for identifying non-performing assets in Indian banking.

The Repo Rate is the primary instrument used by RBI for monetary policy transmission. Banks' lending rates are benchmarked against this rate.

CASA represents Current Account and Savings Account deposits, which are low-cost funding sources for banks and crucial for profitability metrics.