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Can you open the RBI current account for company?
RBI Stands for Reserve Bank of India. RBI is the central bank of India and they supervise the banking operations in the country. They do not provide banking accounts to individuals or company's So, the answer to your question is - No, you cannot open a current account for your company at RBI.
Is Riddance Quasi Bank Registered by RBI?
No
Which agency is responsible to compute national Income?
RBI
How much salary of RBI Assistant clerk?
Rs 30000/- per month and if u count the incentives u get 35000/- per month gross. Terms and Conditions: After u spend 5 years in RBI
Exchange control copy of shipping bill?
This is a declaration by the exporter in the format prescribed by RBI to be submitted along with the shipping bill to customs. The declaration must contain the information about sender, consignee, description of goods, full export value of goods in foreign currency, etc. The exporter submits a duplicate of GR form with its bank along with shipping documents. The bank endorses the copy after realization of sales proceeds and sends it to RBI. The original copy submitted at customs is also directed to RBI by the customs. The RBI confirms the realization of the proceeds as per full export value after comparing the two copies.
Definition of non scheduled banks?
a non scheduled bank is a bank which does not come under Rbi act 1949
Explain the measures of money supply in India?
MEASURES OF MONEY SUPPLY IN INDIAThe Reserve Bank of India defines the monetary aggregates as:Reserve Money (M0): Currency in circulation + Bankers' deposits with the RBI + 'Other' deposits with the RBI = Net RBI credit to the Government + RBI credit to the commercial sector + RBI's claims on banks + RBI's net foreign assets + Government's currency liabilities to the public - RBI's net non-monetary liabilities.M1: Currency with the public + Deposit money of the public (Demand deposits with the banking system + 'Other' deposits with the RBI).M2: M1 + Savings deposits with Post office savings banks.M3: M1+ Time deposits with the banking system = Net bank credit to the Government + Bank credit to the commercial sector + Net foreign exchange assets of the banking sector + Government's currency liabilities to the public - Net non-monetary liabilities of the banking sector (Other than Time Deposits).M4: M3 + All deposits with post office savings banks (excluding National Savings Certificates).
What is non-bank?
the banks which are not under the purview of second schedule of RBI Act.
Is RBI a statutory body or non statutory body?
RBI is a statutory body formed under the Reserve Bank of India Act 1934 and not a constitutional body.
WHAT IS NON SCHEDULE BANKING?
the banks which are not under the purview of second schedule of RBI Act.
Simple definition of Repo Rate?
Repo rate is the rate at which RBI lends money to scheduled banks. Its also called Repurchase rate. Reverse Repo Rate is the rate at which RBI borrows money from banks.
Example of non-scheduled bank?
the banks which are not under the purview of second schedule of RBI Act.
What is non-scheduled bank?
In India, non-scheduled banks are those banks which does not follow the guidelines and rules of RESERVE BANK OF INDIA. most of the cooperative banks are non- scheduled banks in India. thatswhy many scams were happened as they were not controlled by RBI.
What are non scheduled banks?
Non scheduled banks are those banks which are not registered under schdule of RBI act, 1934. In india, only Jammu & Kashmir bank is non schduled bank.
Definition of apex bank in term of India?
Apex Banks are those banks in India which controls the other bank in india. It is RBI in India.
What is the SLR rate on dec2008?
SLR here means STATUTORY LIQUIDITY RATIO that banks has to maintain in liquid assets. This has been reduced to 24% in November 2008 by RBI. Earlier it was 25% for a long time. now reduced to 24%. This is a directive of Reserve Bank of India and is decided by RBI from time to time.
Who was the Rbi's first governor?
Sir Osborne smith was the first RBI governor but the first Indian rbi governor was C.D.Deshmukh who was the third rbi governor
