Govt. Exams
Entrance Exams
Insurance Regulatory and Development Authority of India (IRDAI) regulates and supervises insurance companies operating in India.
NEFT (National Electronic Funds Transfer) is an electronic fund transfer system in India for transferring funds between banks.
RBI serves as the Banker to the Government of India, managing government accounts, treasury operations, and public debt.
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 does not directly lend to retail customers. Its primary functions include currency issuance, forex management, and monetary policy implementation through banking channels.
Simple Interest = (Principal × Rate × Time) / 100 = (50,00,000 × 9.5 × 2) / 100 = ₹9.5 lakh
RBI has maintained the SLR requirement at 18% of Net Demand and Time Liabilities (NDTL) since 2020.
NIM = (Interest Income - Interest Expense) / Earning Assets. It measures the spread between interest earned and paid, expressed as a percentage of earning assets.
DICGC provides deposit insurance coverage up to ₹5 lakh per depositor per bank since 2020, increased from ₹1 lakh.
Basel III mandates a minimum CAR of 11.5% for Indian SCBs (including CCB of 2.5%). The bank's 14.5% CAR is above the minimum requirement.
