The document provides an overview of the Reserve Bank of India (RBI), including its history, organization, functions, and role in monetary policy. Some key points:
- RBI was established in 1935 and serves as India's central bank, regulating the country's monetary policy and currency.
- Its key functions include financial supervision of banks, managing monetary policy, issuing currency, acting as banker to the government and banks, regulating the financial sector, and managing foreign exchange.
- RBI aims to control inflation through monetary policy tools like repo and reverse repo rates, cash reserve ratios, and open market operations. It also plays a developmental role in agriculture lending and disaster relief.
The Reserve Bank of India is India's central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934.
What is a regional rural bank ? What is the shareholding pattern of RRB? What are its role and functions ? The organizational structure of RRBs. List and objectives of RRBs. It is a presentation presented by 5 .
The Reserve Bank of India is India's central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934.
What is a regional rural bank ? What is the shareholding pattern of RRB? What are its role and functions ? The organizational structure of RRBs. List and objectives of RRBs. It is a presentation presented by 5 .
This presentation have the detailed analysis of the Indian banking sector, how it has evolved and reformes that have come gradually.It also has a classic case of merger of ICICI bank with BOM.
This presentation have the detailed analysis of the Indian banking sector, how it has evolved and reformes that have come gradually.It also has a classic case of merger of ICICI bank with BOM.
Roles, objectives and functions of Reserve Bank of India. Structure of RBI. It will give overview of RBI. It's regulatory functions and it's credit creation objectives. It will enlighten steps to Control inflation and the tools used for inflation control. It will also help students to get an overview of RBI structure and the functions it carries out
This presentation has two parts RBI & Monetary Policy.
It covers in detail the RBI, its history, preamble, organization structure, objectives, its functions in detail, its subsidiaries and all its publications with their links.
In the second part it covers Monetary Policy from Indian perspective. It starts with definition, Policy process followed in India, Goals, Framework. It covers the instruments of Monetary Policy in detail. It covers the future framework envisaged by RBI. In the last leg it covers the Contractionary & Expansionary monetary policy with their execution challenges.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
3. INTRODUCTION TO RBI
Established in April
1935 under the
RESERVE BANK OF
INDIAN ACT 1934.
Head Quarters –
MUMBAI
The Reserve Bank of India is
the central banking institution of
India and controls the monetary
policy of the rupee as well as
currency reserves.
Present Governor –
P Raghuram rajan.
4. History Of RBI
It was set up on the recommendations of Hilton Young
Commission
It was started as share-holders bank with a paid up capital
of 5 crores
Initially it was located in Kolkata
It moved to Mumbai in 1937
Initially it was privately owned
Since 1949, the RBI is fully owned by the Government of
India.
Its First governor was Sir Osborne A.Smith
The First Indian Governor was “Sir Chintaman
D.Deshmukh
5. YEAR IMPORTANCE
1926 The Royal Commission on Indian Currency and Finance
recommended creation of a central bank for India.
1934 The Bill was passed and received the Governor General’s assent
1935 The Reserve Bank commenced operations as India’s central bank
on April 1 as a private shareholders’ bank with a paid up capital of
rupees five crore
1942 The Reserve Bank ceased to be the currency issuing authority of
Burma (now Myanmar).
1947 The Reserve Bank stopped acting as banker to the Government of
Burma
1948 The Reserve Bank stopped rendering central banking services to
Pakistan
1949 The Government of India nationalised the Reserve Bank under the
Reserve Bank (Transfer of Public Ownership) Act, 1948
6.
7. REGIONAL OFFICE AND SUBSIDARIES
• Has 27 regional offices.
• Has five training establishments
• College of Agricultural Banking and Reserve Bank of India
Staff College – Pune.
• National Institute for Bank Management- Pune.
• Indira Gandhi Institute for Development and Research -
Mumbai.
• Institute for Development and Research in Banking
Technology (IDRBT)- Hyderabad.
SUBSIDIARIES
• Deposit Insurance and Credit Guarantee Corporation of
India(DICGC).
• Bharatiya Reserve Bank Note Mudran Private Limited
(BRBNMPL).
9. FUNCTIONS OF RBI
• Financial supervision.
• Monetary management.
• Issue of currency.
• Banker to government.
• Banker to bank.
• Formulate monetary policy.
• Financial regulation and management.
• Manager of foreign exchange.
• Development role.
10. • The Reserve Bank of India performs this function under
the guidance of the Board for Financial Supervision
(BFS). The Board was constituted in November 1994 as
a committee of the Central Board of Directors of the
Reserve Bank of India.
• Objective
• Primary objective of BFS is to undertake consolidated
supervision of the financial sector comprising
commercial banks, financial institutions and non-
banking finance companies.
Financial Supervision
11. Constitution
• The Board is constituted by co-opting four Directors from
the Central Board as members for a term of two years and is
chaired by the Governor. The Deputy Governors of the
Reserve Bank are ex-officio members. One Deputy
Governor, usually, the Deputy Governor in charge of
banking regulation and supervision, is nominated as the
Vice-Chairman of the Board.
BFS meetings
• The Board is required to meet normally once every month.
It considers inspection reports and other supervisory issues
placed before it by the supervisory departments.
12. Monetary authority
Main monetary authority of the country.
It formulates, implements and monitors the
monetary policy as well as it has to ensure an
adequate flow of credit to productive sectors.
The RBI controls the monetary supply,
monitors economic indicators like the gross
domestic product and has to decide the design
of the rupee banknotes as well as coins.
13. Issuer of currency
Design, printing and
distribution.
The bank issues and
exchanges or destroys
currency and coins not fit for
circulation.
The objectives are giving the
public adequate supply of
currency of good quality and
to provide loans to
commercial banks to maintain
or improve the GDP.
14. Minimum Reserve System
Principle of Currency Note Issue.
RBI can issue currency notes as much as the
country requires, provided it has to make a
security deposit of Rs. 200 crores, out of which
Rs. 115 crores must be in gold and Rs. 85
crores must be FOREX Reserves.
This principle of currency notes issue is known
as the 'Minimum Reserve System'.
15. BANKER TO THE GOVERNMENT
Banker to the Government: performs
merchant banking function for the central
and the state governments; also acts as
their banker.
BANKER TO THE BANK
16. FINANCIAL REGULATION AND MANAGEMENT
As the regulator and the
supervisor of the banking
system, the Reserve Bank has a
critical role to play in ensuring
the system’s safety and
soundness on an ongoing basis.
The objective of this function is to protect the interest of
depositors through an effective prudential regulatory
framework for orderly development and conduct of banking
operations, and to maintain overall financial stability
through various policy measures.
17. Manager of Foreign Exchange
To facilitate external trade and payment.
It acts as a custodian and Manages the
Foreign Exchange Management
Act,(FEMA) 1999.
RBI buys and sells foreign currency to maintain the exchange
rate of Indian Rupee v/s foreign currencies like the US Dollar,
Euro, Pound and Japanese yen.
OBJECTIVE: TO FACILITATE EXTERNAL TRADE
AND PAYMENT AND PROMOTE ORDERLY
DEVELOPMENT AND MAINTENANCE OF FOREIGN
EXCHANGE MARKET IN INDIA.
18. The central bank has to
perform a wide range
of promotional
functions to support
national objectives and
industries.
DEVELOPMENTAL ROLE
SACP.
KCC.
NATURAL CALAMITIES.
LEAD BANK SCHEME.
EXPORT CREDIT.
19. Special Agricultural Credit Plan
• View to augmenting the flow of credit to
agriculture.
• Under the SACP, banks are required to fix self-
set targets showing an increase of about 30
per cent over previous year’s disbursements
on yearly basis (April – March).
• The public sector banks- 1994.
• Private Sector banks -2005-06.
20. Kisan Credit Cards
• 1998-99.
• To enable the farmers to purchase agricultural inputs
and draw cash for their production needs.
• On revision of the KCC Scheme by NABARD in 2004, the
scheme now covers term credit as well as working
capital for agriculture and allied activities and a
reasonable component for consumption needs.
• Under the scheme, the limits are fixed on the basis of
operational land holding, cropping pattern.
21. Natural Calamities
• Relief Measures In order to provide relief to bank
borrowers in times of natural calamities, the
Reserve Bank has issued standing guidelines to
banks.
• Rescheduling / conversion of short-term loans
into term loans;
• Fresh loans;
• Relaxed security and
• Non-compounding of interest in respect of loans
converted / rescheduled; and moratorium of at
least one year.
22. Lead Bank Scheme
• Lead Bank Scheme - 1969.
• Here designated banks were made key instruments
for local development and were entrusted with the
responsibility of identifying growth centres, assessing
deposit potential and credit gaps and evolving a
coordinated approach for credit deployment in each
district, in concert with other banks and other
agencies.
• The Reserve Bank has assigned a Lead District
Manager for each district who acts as a catalytic
force for promoting financial inclusion and smooth
working between government and banks.
23. Export Credit
• Recognising the important role of exports in
maintaining the viability of external sector and
in generating employment, the Reserve Bank
had sought to ensure adequate availability of
concessional bank credit to exporters.
• It took the lead role in setting up the Export
Import Bank of India (EXIM Bank) in January
1982.
24. ROLE OF RBI IN INFLATION CONTROL
• Inflation arises when the demand increases and there is a
shortage of supply There are two policies in the hands of the
RBI.
• Monetary Policy: It includes the interest rates. When the bank
increases the interest rates than there is reduction in the
borrowers and people try to save more as the rate of interest
has increased.
• Fiscal Policy: It is related to direct taxes and government
spending. When direct taxes increased and government
spending increased than the disposable Income of the people
reduces and hence the demand reduces.
25. Quantitative Measures
Quantitative Measures “BANK RATE” also called “Discount
Rate”.
It also includes “Repo Rate”.
“Open Market Operations” buying and selling of government
securities.
“Variable Reserve Ratio” it includes C.R.R and S.L.R
Qualitative Measures
1. Moral suasion
2. Direct Action
3. Prescription of margin.
4. Consumer credit regulation.
26. BANK RATE
It’s the interest rate that is charged by a country’s central
bank on loans and advances to control money supply in the
economy and the banking sector.
The present bank rate is 8.75%
REPO RATE
Whenever the banks have any shortage of funds they can
borrow it from the central bank. Repo rate is the rate at which
our banks borrow currency from the central bank.
A reduction in the repo rate will help banks to get Money at a
cheaper rate.
The present repo rate is 7.75 %
27. REVERSE REPO RATE
It’s the rate at which the banks park surplus funds
with reserve bank.
While the Repo rate is the rate at which the banks
borrow from the central bank.
It is mostly done , when there is surplus liquidity in
the market by the central bank.
The present reverse repo rate is 6.75 %
28. CASH RESERVE RATIO
• Cash Reserve Ratio (CRR) is the amount of
Cash(liquid cash like gold)that the banks have to keep
with RBI.
• The present CRR rate is 4 %.
29. STATUTARY LIQUIDITY RATIO
•It 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.
•The present SLR rate is 23%.
30. BASE RATE
• The Base Rate is the minimum interest rate of
a Bank below which it cannot lend, except in
cases allowed by RBI.
• 9.80 – 10.25 %
31. MARGINAL STANDING FACILITY
• The rate at which the scheduled banks could borrow
funds from the RBI overnight, against the approved
government securities is termed as MSF.
• Reserve Bank of India in its monetary policy (2011-12)
has defined the term Marginal Standing Facility rate as
the one, under which scheduled banks could borrow up
to 2 % of their respective Net Demand and time
Liabilities funds overnight from the Reserve Bank of
India (RBI) against approved government securities.
• And the present rate is 8.75%.
32. REGULATION OF BANKING SYSTEM
The prime duty of the reserve Bank is to regulate the banking
system of our country in such a way that the people of the country
can trust in the banking Up to perform its duty.
The Reserve Bank has following powers in this regard:
•Licensing:
According to the section 22 of the Banking Regulation Act, every
bank has to obtain license from the Reserve Bank. The Reserve
Bank issues such license only to those banks which fulfill
condition of the bank.
33. • Management:
Section 10 of the Banking Regulation Act embowered the
Reserve Bank to change manager or director of any bank if it
considers it necessary or desirable.
Branch Expansion:
Section 23 requires every bank to take prior permission from
Reserve Bank to open new places of business in India.
Power of inspection of Bank:
Under Section 35, the Reserve Bank may inspect any bank and
its books and accounts either at its own initiative or at the
instance of the Central Government.
34. PUBLICATIONS OF RBI
Annual
Annual Report
Report on Trend and Progress of Banking in India
Report on Currency and Finance
Handbook of Statistics on the Indian Economy
State Finances: A Study of Budgets
A Profile of Banks
Statistical Tables Relating to Banks in India
Basic Statistical Returns of Scheduled Commercial Banks
in India
35. Half Yearly
Financial Stability Report
Quarterly
Macroeconomic and Monetary Development
Occasional Papers
Quarterly Statistics on Deposits and Credit of
Scheduled Commercial Banks
Monthly
RBI Bulletin
Monetary and Credit Information Review
Weekly
Weekly Statistical Supplement
Occasional
RBI Working Paper Series (Web version)
36. Second Quarter Review of Monetary Policy Statement 2013-14
Growth
• Modest improvement in growth is expected in
the second half (H2) of 2013-14 following a
rebound in agriculture and an improvement in
exports
• With deceleration in private consumption and
fall in investment, overall demand conditions
remain weak.
37. Second Quarter Review of Monetary Policy Statement 2013-14
Inflation
• WPI inflation is ruling above the Reserve Bank’s
comfort level and may remain range-bound
around the current level during H2 of 2013-14.
Moreover, the persistence of high CPI inflation
remains a concern.
• The good monsoon should have a salutary effect
on food inflation, but second-round effects from
already high food and fuel inflation could impart
upside pressures on prices of other commodities
and services.
38. Second Quarter Review of Monetary Policy Statement 2013-14
• Reduced the marginal standing facility (MSF)
rate by 25 basis points from 9.0 per cent to
8.75 per cent
• Increased the policy repo rate under the
liquidity adjustment facility (LAF) by 25 basis
points from 7.5 per cent to 7.75 per cent
39. Second Quarter Review of Monetary Policy Statement 2013-14
• Credit to agriculture increased by 13.2 per cent in
September 2013 as compared with the increase of 19.6 per
cent in September 2012.
• Credit to industry increased by 17.6 per cent in September
2013 as compared with the increase of 17.0 per cent
September 2012.
• Credit to the services sector increased by 22.1 per cent in
September 2013 as compared with the increase of 14.4 per
cent in September 2012.
• Credit to Non Banking Financial Companies (NBFCs)
increased by 26.6 per cent in September 2013 as compared
with the increase of 28.4 per cent in September 2012.
40. SOURCES:
• RBI OFFICIAL WEBSITE.
• RESERVE BANK OF INDIA: FUNCTIONS AND WORKING.
• WWW.brbnmpl.com
• WIKKIPEDIA.