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June 03, 2014

RBI's Second Bi-monthly Monetary Policy 2014-15 Review

6 comments

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Friends, the Reserve Bank of India's Governor Mr. Raghuram Rajan has announced the Second Bi-monthly Monetary Policy Statement for the year 2014-15 today (3rd June 2014) at 11:AM. He kept the country's key rates unchanged. While the Repo rate was maintained at 8% and Reverse Repo rate at 7% (Kept unchanged since 28th January 2014).  But he reduced the mandatory amount of bonds lenders must park at the RBI - called the Statutory Liquidity Ratio (SLR) - by 50 basis points to 22.50 percent of deposits (kept unchanged since 11th August 20112), starting in mid-June.This bi-monthly policy review of today is the first after Modi assumed office on 26th May 2014. 

Thanks to Supriya Akunuri for the update

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6 comments:

  1. hi shivani mam,
    pls answer my querry guys,
    m frm unreserved category scored 55.20
    my preferances were
    1 BOI
    2 BOB
    3 BANK OF MAHARASHTRA
    4 VIJAYA BANK
    n so on....

    i hv download pdf frm IBPS wesite that showing persons below my rank were selected for BOI and BOB while m selected for vijaya Bank

    hws that possible?

    ReplyDelete
  2. Ma'am plz provide quick reference guide for sbi po exams..

    ReplyDelete
  3. Dear Ma'm,

    I'm getting confused regarding the descriptive patter, don't know from where i have to study for it. Plz help me out

    ReplyDelete
  4. SLR is not parked at RBI!!!!!

    ReplyDelete
  5. Plse provide me sme data interpretation material plse hlp me

    ReplyDelete
  6. Tell me one thing, is it written somewhere in any book or any where that ppl from General category hv more money than others..if rbi starts doing this what would other banks do.....just think about it...

    ReplyDelete

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