RBI GRADE B 2016 RESULT OUT

Dear Aspirants,

Reserve Bank of India has released the Result of Direct Recruitment of Officers in Grade “B” (General) – BY – 2016.

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February-2017 Second Week Current Affairs PDF

Dear Aspirants,

Its time to gear up your preparations for SBI PO 2017, and with  current affairs you can easily prepare G.A and score well. In Banking exams you have to prepare atleast 3 to 4 months current Affairs so that you can easily score good marks. 

The mains exam of SBI PO  will be conducted on 4th june that means that means you have to prepare from January to may current affairs.

Here I'm providing you Second week current Affairs PDF of February month. So read well, learn well, score well.

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To Download First week Current Affairs

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ALL ABOUT REPO RATE, REVERSE REPO RATE, CRR, SLR, MSF and Bank RATES

Dear Aspirants,

If you are preparing for Banking exams, you must know about terms repo rate, reverse repo rate, crr rate, slr rate, bank rate and MSF rate. Many questions asked in previous exams from these terms. In this article we’ll take a closer look at these terms and will learn how RBI uses these rates to control the inflation.

Current RBI Monetary Policy Rates
(As per RBI’s Sixth bi-monthly Monetary Policy Statement for 2016-17 announced on 8th February 2017)

Repo Rate
Repo rate or repurchase rate is the rate at which banks borrow money from the central bank (RBI for India) for a short period by selling their securities (financial assets) to the central bank with an agreement to repurchase it at a future date at predetermined price . It is similar to borrowing money from a money-lender by selling him something, and later buying it back at a pre-fixed price.

Bank Rate
People often get confused between Bank Rate and Repo Rate. Though they appear similar there is a fundamental difference between them.
Unlike Repo Rate, there is no sale of security in Bank Rate. Bank rate is the rate at which banks borrow money from the central bank without any sale of securities . It is generally for a longer period of time. This is similar to borrowing money from someone and paying interest on that amount.
Both these rates are determined by the central bank of the country based on the demand and supply of money in the economy.

Reverse Repo Rate
Reverse Repo rate is the rate of interest at which the central bank (RBI) borrows funds from other banks for a short duration. The banks deposit their short term excess funds with the central bank and earn interest on it.
Reverse Repo Rate is used by the central bank to absorb liquidity from the economy. When it feels that there is too much money floating in the market, it increases the reverse repo rate, which means that banks earn higher rate of interest when they deposit money with the central bank.

CRR (Cash Reserve Ratio)
Have you ever wondered what happens to the amount that you deposit in bank? It is used by banks to earn money by investing or lending it to others (house loans, personal loans etc.). But as per the regulations, banks cannot use the entire amount deposited with them for this purpose. They are required to maintain a percentage of their deposits as cash. So, if you deposit Rs. 100/- in your bank, then bank can’t use the entire Rs. 100/- for lending or investment purpose. They have to maintain a portion of the deposit as cash and can use only the remaining amount for lending/investment. This minimum percentage, which is determined by the central bank, is known as Cash Reserve Ratio.
So if CRR is 6% then it means for every Rs. 100/- deposited in the bank, it has to maintain a minimum of Rs. 6/- as cash. However, banks do not keep this cash with them, but are required to deposit it with the central bank, so that it can help them with cash at the time of need.

SLR (Statutory Liquidity Ratio)
Apart from keeping a portion of deposits with the RBI as cash, banks are also required to maintain a minimum percentage of deposits with them at the end of every business day, in the form of gold, cash, government bonds or other approved securities. This minimum percentage is called Statutory Liquidity Ratio.
Example
If you deposit Rs. 100/- in a bank, and assuming CRR to be 5% and SLR to be 10%, the bank can use 100-5-10= Rs. 85/- for giving loan or for investment purpose.

Marginal Standing Facility (MSF)
Marginal standing facility is a window for banks to borrow from the Reserve Bank of India in an emergency situation when inter-bank liquidity dries up completely. Banks borrow from the central bank by pledging government securities at a rate higher than the repo rate under liquidity adjustment facility or LAF in short.

See, How RBI uses these rates to control the inflation...

Repo Rate & Bank Rate

Banks earn profit by borrowing at a lower rate of interest from the central bank, and lending the same amount at a higher rate to the customers. If the repo rate or the bank rate is increased, bank has to pay more interest to the central bank. So in order to make a profit, banks in turn increase the interest rate at which they lend money to the customer. This dissuades the customers in taking credit from banks, leading to a shortage of money in the economy and less liquidity, thereby controlling inflation.

Reverse Repo Rate

An increase in Reverse repo rate means that the central bank now pays more interest to the banks for depositing their money with it. This results in banks transferring more funds to the central bank to earn attractive interest. As a consequence, money is drawn out of the banking system, , leading to a shortage of money in the economy and less liquidity, thereby controlling inflation.

CRR & SLR

Increase in SLR and CRR rate means that banks will have less power to give loans, which again controls amount of money floating in the market; thereby controlling inflation. It also makes banks safer to keep money because banks will have a higher liquidity to meet the demand of customers. As we learnt from the recession, giving loans expose banks to great risks. So if banks have lesser funds to give as loan, they become relatively safer.


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IBPS CWE SPL-VI SCORE CARD OUT

Dear Aspirants,

IBPS SO-VI Score Card Out. Click the below link to view the Score Card.

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ENGLISH: WORD POWER MADE EASY BY NORMAN LEWIS(EPUB)

Dear Aspirants,

    A good English vocabulary can help you solve a large part of the English section of any competition exam paper. Without good vocabulary you cannot score well, even many Aspirants couldn't clear the cutoff just because their less vocabulary knowledge. Here I'm providing you a book which can simplify your efforts of ensuring a good vocabulary .

    WORD POWER MADE EASY BY NORMAN LEWIS the most prefered book for vocabulary building. Read this book daily and work with it, I'm sure it will help you alot.

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Note: This is not in PDF format. This is EPUB file that is specially used for books and novels.

To OPEN this file you need to install any EPUB Reader on your Android and Windows.

I will suggest you UB READER for Android you will feel like you are reading a real book & ADOBE DEGITAL EDITIONS for Windows.

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SBI PO PREVIOUS YEARS QUESTION PAPERS PDF

Dear Aspirants,

SBI are recruiting Probationary Officer in all over India. Lakhs of Aspirants are writing the exam very seriously. Here we will provide SBI PO Previous Year Question Papers in Pdf format. Download the Question Papers and kindly share it with your friends.

Set 1
●SBI PO Ques. paper 21-06-2014 PDF Download   & Answer key PDF Download
●SBI PO Ques. Paper June 2014 PDF Download    & Answer Key PDF Download
●SBI PO Ques. Paper 28-04-2013 PDF Download
●SBI PO Ques. Paper 18-04-2010 PDF Download
●SBI PO Ques. Paper 18-05-2003 PDF Download
●SBI PO Ques. Paper 2013 PDF Download
●SBI PO Ques.  Paper 28.06.2014 PDF Download    & Answer Key PDF

Set 2
◆SBI PO Ques. Paper 07-08-2011 PDF Download
◆SBI PO Ques. Paper 07-03-2010 PDF Download

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DATA INTERPRETATION FOR SBI PO PRE

Dear Aspirants,

As you all know DI is the most important part of banking exams, specially for SBI. If you are good in basics of maths than you can score more in this section.
So, I'm providing you DI PDFs  for SBI PO PRE and for upcoming exams .

The folder contains:
Tabular DI
Line Graph DI
Pie Chart DI
Multiple Diagram DI

Missing DI will be provided soon.

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