Repo Rate Repo is a short-term money market instrument that is used to raise capital for the shorter-term. In Indian Banking terms, the repo rate is the rate at which Reserve Bank of India lends money to all the commercial banks in the country in the event of scarcity of funds. The repurchase agreement is signed by both parties involved in the transaction. The current rate is 5.75%. The Reverse [...]
The Payment methods offered by banks are IMPS, NEFT, and RTGS. In this article, we will be comparing IMPS vs NEFT in detail. All three modes are used for transferring money electronically. So you simply need an internet connection and a mobile or laptop/system and you can quickly pay school fees, the premium for your life insurance policy, EMIs, or invest in mutual funds. It eases the process of financial [...]
About SLR According to the RBI, every bank must keep a portion of their wealth in the form of liquid assets like cash, gold or other assets. SLR is the ratio of these assets to the demand and time liabilities. This ratio could be increased by up to 40%. And so, this ratio will reduce the amount of money that is injected in the economy. The lower the ratio, the [...]
About Axis Bank is India’s third largest private sector bank which is operating since 1993. The bank is offering retail, corporate and international banking services to its customers. Axis bank net banking portal comprises the option of the online transaction along with a wide range of valuable services. Using their online banking feature, customers hold the power to control and maintain a track of each of their account’s transactions. Visiting [...]
Overview SIDBI or Small Industrial Development Bank of India is a primary financial institution responsible for promoting, developing and financing MSMEs (Micro Small and Medium Enterprises). It ensures proper administration of the Small Industries Development fund and National Equity Fund that were administered by IDBI before. Register for MSME. In addition to this, SIDBI also promotes cleaner energy and energy efficiency. It is an institution that provides several schemes and [...]
