Posts tagged as:

rbi

What is SLR?

by Chirag on October 27, 2009

SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers. SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit. How is [...]

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Booking a NANO can give you higher returns than FD.

by Chirag on April 24, 2009

If you book a Nano, and unfortunately not selected in the draw, do not despair as your booking amount will fetch you better returns than even a fixed deposit. With RBI’s recent reverse repo and repo rate cuts, banks have started slashing deposit rates, with fixed deposits now fetching lesser interest rates as against what [...]

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RBI introduces new Rs 10 coin.

by Chirag on April 12, 2009

The value of money is really going down as RBI now introduces new Rs 10 coin. The coins which are currently in India are of 25 paise, 50 paise, 1,2 and 5 rupees. And now here is Rs 10 coin. This coin is a Bi-metallic coin . Outer circular part of coin is made up [...]

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Some FAQ on home loans.

by Chirag on April 12, 2009

Will home loan interest rates come down? To counter the worsening liquidity situation of banking institutions, the Reserve Bank of India (RBI) cut the key rates including cash reserve ratio (CRR), reverse repo rate and repo rate over the last few months. New borrowers can get as low as an eight percent rate with certain [...]

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