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Statutory Liquidity Ratio (SLR): “The Statutory Liquidity Ratio (SLR) refers to the certain proportion of NDTL (Net Demand and Time Liability) of the commercial banks that has to be maintained with itself in form of liquid assets such as cash, gold or government approved securities by the commercial banks.” The Reserve Bank of India (RBI), … Read more
Cash Reserve Ratio (CRR): “Cash Reserve Ratio (CRR) refers to the certain proportion of Net Demand and Time Liability (NDTL) of the commercial banks which has to be reserved in the form of cash (liquid asset) under the supervision of RBI as per Section 42 of the RBI Act” In other words, RBI has … Read more
Table of Content: What is Repo Rate or Repurchase Option Agreement Rate? What is Reverse Repo Rate? Explained with example. Effect of Repo Rate and Reverse Repo Rate on the rate of Inflation. How does the Repo Rate and Reverse Repo Rate effect on Growth Rate? What is Repo Rate? The term ‘Repo’ refers to … Read more
What is Promissory Note? “A Promissory Note is a legal, written financial documents (undertaking)/ financial instrument established between two parties issued/ drawn by one party which is consists of an unconditional, unsecured and a clear promise to pay specific amount to creditor or any third party endorsed by the creditor on a predetermined date or … Read more
In this article, we will learn about the Bill of Exchange, its usage and features. We are going to discuss the following topics. What is Bill of Exchange? Meaning and definition. Features of Bill of Exchange Types of Bill of Exchange Participants in Bill of Exchange With Example What is Bill of Exchange? “The Bill … Read more