Facebook
Twitter
Google+
Instagram
Pinterest
Current Affairs Daily - 2015-2016
  • Home
  • Categories
    • International Affairs
    • Person in News
    • Economy
    • Sports
    • Indian Government
    • Art & Culture
    • Science & Technology
    • Social Issues
    • India & World
    • History
  • News Tags
  • Appointments

RBI cuts SLR, introduces new category of FDs

February 4, 2015EconomyOmkar Sawant

Reserve Bank of India cut statuary liquidity ratio (SLR) by 50 basic points. Now SLR is 21.5%. As a result of this move, banks will have their hand an additional Rs 42,000 crore to lend.

RBI

SLR is the portion of deposits that a bank must invest in government bonds.

Moreover, the RBI also introduced a new category of ‘unbreakable’ fixed deposits – an FD that cannot be withdrawn prematurely but will have higher interest rates.

Previous post Government to sell medicines under ‘Jan Aushadhi’ brand Next post 147 Business Schools closed down during 2013-14

Related Articles

RBI paid government Rs 66,000 cr in dividend

August 14, 2015Omkar Sawant

RBI lowers the rate for Home and Consumer loans

January 16, 2015Omkar Sawant

RBI to issue 10 rupees coins to commemorate International Day of Yoga

August 1, 2015Omkar Sawant

Current Affair Calender

June 2023
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930  
« Dec    

Facebook

All copyrights are reserved at www.c4learn.com