XI BUSINESS STUDIES

1. BANKING

2. CURRENT RATES
POLICY RATES RESERVE RATES EXCHANGE
RATES
LENDING/DEPOSIT
RATES
MARKET TRENDS

3. POLICY RATES
•BANK RATE - 9%
•REPO RATE - 8%
•REVERSE REPO RATE – 7%
•MARGINAL STANDING FACILITY =9%

4. RESERVE RATIOS
• CRR – 4%
• SLR – 22%

5. EXCHANGE RATES
• INR/1 USD 62.65
• INR/1 EURO 78.01
• INR/100 JAP.YEN 52.94
• INR/1 POUND STERLING 98.53

6. LENDING/DEPOSIT RATES
• BASE RATE 10%- 10.25%
• SB DEPOSIT 4%
• TERM DEPOSIT 8%-9%

7. REPO RATE
• RATE AT WHICH CENTRAL BANKS
LENDS MONEY TO COMMERCIAL
BANKS

8. REVERSE REPO
• THE RATE AT WHICH THE CENTRAL
BANK BORROWS MONEY FROM
COMMERCIAL BANKS

9. BANK RATE
• THE INTEREST RATE AT WHICH A
NATION’S CENTRAL BANK LENDS
MONEY TO DOMESTIC BANKS

10. BANK RATE VS REPO RATE
• REPO IS APPLICABLE TO SHORT
TERM LENDING SPECIALLY
OVERNIGHT LENDING TO BANKS
• BANK RATE IS APPLICABLE TO LONG
TERM LENDING BY THE CENTRAL
BANK

11. CRR
• CASH RESERVE RATIO IS THE
AMOUNT OF FUNDS THAT THE BANKS
HAVE TO KEEP WITH THE RBI .IF THE
CENTRAL BANK DECIDES TO
INCREASE THE CRR,THE AVAILABLE
AMOUNT WITH THE BANKS COME
DOWN

12. SLR
• STATUTORY LIQUIDITY RATIO IS
THE MINIMUM PERCENTAGE OF
DEPOSITS THAT THE BANK HAS
TO MAINTAIN IN FORM OF GOLD
,CASH OR OTHER APPROVED
SECURITES

13. MARGINAL STANDING
FACILITY
• Marginal Standing Facility (MSF) is a new
scheme announced by the Reserve Bank
of India (RBI) in its Monetary Policy (2011-
12) and refers to the penal rate at which
banks can borrow money from the central
bank over and above what is available to
them through the LAF window.

14. LAF
• Liquidity Adjustment Facility (LAF) is
a monetary policy tool which allows
banks to borrow money through
repurchase agreements. LAF is used
to aid banks in adjusting the day to
day mismatches in liquidity.LAF
consists of repo and reverse repo
operations.

15. RTGS
• Real time gross settlement systems (RTGS)
are specialist funds transfer systems where
transfer of money or securities[1] takes place
from one bank to another on a "real time" and on
"gross" basis. Settlement in "real time" means
payment transaction is not subjected to any
waiting period. The transactions are settled as
soon as they are processed. "Gross settlement"
means the transaction is settled on one to one
basis without bundling or netting with any other
transaction. Once processed, payments are final
and irrevocable.

16. NEFT
• National Electronic Funds Transfer (NEFT) NEFT is electronic funds
transfer system, which facilitates transfer of funds to other bank
accounts in over 63000 bank branches across the country. This is a
simple, secure, safe, fastest and cost effective way to transfer funds
especially for Retail remittances.
• FEATURES & BENEFITS
• Customers can remit any amount using NEFT Customer intending to
remit money through NEFT has to furnish the following particulars:
• IFSC (Indian Financial System Code) of the beneficiary
Bank/Branch
• Full account number of the beneficiary
• Name of the beneficiary.

17. MICR
• Magnetic Ink Character Recognition Code (MICR
Code) is a character-recognition technology used mainly
by the banking industry to ease the processing and
clearance of cheques and other documents. The MICR
encoding, called the MICR line, is at the bottom of
cheques and other vouchers and typically includes the
document-type indicator, bank code, bank account
number, cheque number, cheque amount, and a control
indicator. The technology allows MICR readers to scan
and read the information directly into a data-collection
devic

18. SWIFT
• The Society for Worldwide Interbank Financial
Telecommunication (SWIFT) provides a network that
enables financial institutions worldwide to send and
receive information about financial transactions in a
secure, standardized and reliable environment. Business
Identifier Codes (BICs) are popularly known as "SWIFT
codes".

19. IFSC
• The Indian Financial System Code (IFSC Code) is an
alphanumeric code that uniquely identifies a bank-
branch participating in the two main Electronic Funds
Settlement Systems in India: (RTGS) and (NEFT)
Systems. [1] This is an 11-character code with the first
four alphabetic characters representing the bank name,
and the last six representing the branch. The fifth
character is 0 (zero) and reserved for future use. IFSC
Code is used by the NEFT & RTGS systems to route the
messages to the destination banks/branches. [2]

20. CAPITAL MARKET
• BSE SENSEX 27350
• S&P CNX NIFTY 8224

21. MONEY MARKET
• CALL RATES 4%- 8.1%

22. GOVERNMENT SECURITIES
• 91 DAY T-BILLS 8.22%
• 182 DAY T – BILLS 8.31%
• 364 DAY T – BILLS 8.2242%

23. SCHEDULED COMMERCIAL
BANKS
• 2008-09 80
• 2009-10 81
• 2010-11 81
• 2011-12 87
• 2012-13 89

24. PUBLIC SECTOR BANKS
• 2008-09 27
• 2009-10 27
• 2010-11 26
• 2011-12 26
• 2012-13 26

25. SBI AND ASSOCIATE BANKS
• 2008-09 7
• 2009-10 7
• 2010-11 6
• 2011-12 6
• 2012-13 6

26. SBI AND ASSOCIATE BANKS
• STATE BANK OF BIKANER AND JAIPUR
• STATE BANK OF MYSORE
• STATE BANK OF HYDRABAD
• STATE BANK OF PATIALA
• STATE BANK OF TRAVANCORE
• STATE BANK OF INDIA

27. NATIONALISED BANKS
• 2008-09 20
• 2009-10 20
• 2010-11 20
• 2011-12 20
• 2012-13 20

28. NATIONALISED BANKS
• BANK OF BARODA CANARA BANK
• ALAHABAD BANK ANDRA BANK
• BANK OF INDIA DENA BANK
• BANK OF MAHARASHTRA INDIAN BANK
• CENTRAL BANK OF INDIA INDIAN OVERSEAS BANK
• CORPORATION BANK ORIENTAL BANK OF COMMERCE
• IDBI BANK PUNJAB AND SINDH BANK
• PNB SYNDICATE BANK UCO BANK
• UNION BANK UNITED BANK OF INDIA VIJAYA BANK

29. PRIVATE SECTOR BANKS
• 2008-09 22
• 2009-10 22
• 2010-11 21
• 2011-12 20
• 2012-13 20
• 2*13-14 22

30. FOREIGN BANKS
• 2008-09 31
• 2009-10 32
• 2010-11 34
• 2011-12 41
• 2012-13 43

31. FOREIGN BANKS
• AB BANK
• ABUDHABI COMMERCIAL BANK
• BANK OF AMERICA
• BANK OF BAHRAIN
• BANK OF CYLEON
• BARCLAYS BANK
• BNP PARIBAS BANK
• CITI BANK
• HSBC
• DEUTSCHE BANK