Which of the followings committee of RBI is formed with the mission of fixing the benchmark policy interest rate (repo rate) to restrain inflation within the particular target level?
State Bank of India has increased interest rate on its bulk term deposits (Rs 2 crore and above) by 40-90 basis points, with effect from May 10. Bajaj Finance, a non-banking finance company, has also increased fixed deposit rates by upto 10 bps. The increase in interest rate on deposits comes close on the heels of the monetary policy committee (MPC) sharply revising the benchmark repo rate upwards by 40 basis points to 4.40% in an off-cycle meeting to tame rising inflation. The maximum increase by SBI is 90 basis points, in the 5–10-year tenure and three years to less than 5 years’ tenure. The interest rates in these two buckets have moved up to 4.50% as against 3.60% earlier. Bulk deposits for 46 – 179 days’ tenor and 180 – 210 days’ tenor will fetch an interest rate of 3.50% as against 3 and 3.10% earlier, respectively. Deposits with 211 days to less than a year tenor will have an interest rate of 3.75%.
Prime minister Narendra Modi inaugurated the world's longest railway in which state?
Which key topics were discussed at the World Leaders Summit 2024 held at the House of Lords in the UK Parliament?
What is the designated brand name for India's premium Cotton in the world cotton trade, representing Whiteness, Brightness, Softness, Purity, Luster, Un...
The 48th meeting of the Executive Committee of the National Mission for Clean Ganga (NMCG) was held under the chairmanship of Director General, National...
What is the name of the assessment framework developed by Financial institution 1 Finance, which uses The Big 5 model to assess an individual's risk app...
Recently Meta CEO, Mark Zuckerberg announced the global roll out of a 32-person video calling feature called ______ on WhatsApp?
Which new system has the Indian Army launched to enhance generator tracking and protection?
Recently ISRO launches India’s largest LVM3 rocket carrying _______ satellites from Sriharikota.
In December 2021, IIT-_______ signed an MoU with the Indian Air Force (IAF) to accelerate IAF’s indigenisation efforts for achieving self-reliance . ...
Which country is set to become the first foreign buyer of India’s Akash-1S air defense missile system?