Compendium admissions 2023-25
Statutory Liquidity Ratio
Download 4.08 Mb. View original pdf
|
- Navigate this page:
- Role of RBI
- International Monetary Fund (IMF)
- World Bank ● Headquarters - Washington, DC. ● President
| Statutory Liquidity Ratio: The percentage of a bank's total deposit that it must maintain with itself. It might be in cash or liquid assets such as gold, foreign currency, government bonds, etc. According to the RBI's monetary policy, it might range from 0% to 40%. Open Market Operations It refers to the buying and selling government securities between the RBI & banks. 38 Role of RBI RBI is the central bank of India. India has two primary financial services regulators-SEBI (regulating the capital markets industry) and RBI (regulating the banking industry. Below given are the core functions of RBI 1. Issuer of Notes 2. Bankers to the Government 3. Banker’s Bank 4. Controller of Credit 5. Custodian of Foreign Reserves International Monetary Fund (IMF) ● Headquarters - Washington, DC, US. ● Managing Director - Kristalina Georgieva ● According to the International Monetary Fund ( www.IMF.org ): Article I of the Articles of Agreement sets out the IMF’s primary goals ○ promoting international monetary cooperation ○ facilitating the expansion and balanced growth of international trade, promoting exchange stability ○ assisting in the establishment of a multilateral system of payments ○ making resources available (with adequate safeguards) to members experiencing balance of payments difficulties World Bank ● Headquarters - Washington, DC. ● President - David Malpass. ● The World Bank’s two closely affiliated entities—the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)—provide low or no- interest loans and grants to countries with unfavourable or no access to international credit markets ● Besides acting as a financier, the World Bank also provides analysis, advice, and information to its member countries to enable them to achieve the lasting economic and social improvements their people need 39 ● Another of the Bank’s core functions is to increase the capabilities of its partners, people in developing countries, and its staff. The Bank has setup links to a wide range of knowledge-sharing networks to address the vast need for information and dialogue about the development Download 4.08 Mb. Share with your friends:
|