Economics

Banking Ombudsman Scheme

Banking Ombudsman Scheme

The Scheme was introduced in 2006 with the object of enabling resolution of complaints relating to c...

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Open Market Operations

Open Market Operations

By buying or selling bonds, bills, and other financial instruments in the open market, a central b...

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National Committee On Trade Fa

National Committee On Trade Facilitation

India constituted an NCTF with the Cabinet Secretary of India as the Chair. NCTF has played an im...

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Money Multiplier (Types of Mon

Money Multiplier (Types of Money)

It is the ratio of broad money (M3) divided by Reserve Money (M0) Therefore, Broad money (M...

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Call Money Rate

Call Money Rate

Banks have to maintain a minimum level of cash to meet the daily transaction level and also mainta...

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Foreign Direct Investment

Foreign Direct Investment

Foreign Direct Investment (FDI) is an investment made by a firm/individual of one country into b...

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Depreciation And Appreciation

Depreciation And Appreciation of Currency

Depreciation: In the foreign exchange market, it is a situation when domestic currency loses it...

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Commercial Banks

Commercial Banks

According to the RBI, “Commercial Banks refer to both scheduled and non-scheduled commerci...

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Currency Printing Press And Mi

Currency Printing Press And Mints

The Reserve Bank of India (RBI) prints and manages currency in India, whereas the Indian governm...

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Indian Currency System

Indian Currency System

In a modern economy, money consists mainly of currency notes and coins issued by the monetary auth...

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Domestic Systemically Importan

Domestic Systemically Important Bank

D-SIB means that the bank is too big to fail. According to the RBI, some banks become syste...

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Regional Rural Banks

Regional Rural Banks

The nationalization of the banks in 1969 boosted the confidence of the public in the Banking sys...

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