Whenever somebody on tv strikes that from today repo rate will be this much increses or decreases i wonder what is this terms....& why this is so important.....so here is the ANS.......

SOMETIMES I AM  CONFUSED ABOUT SOME BANKING TERMS LIKE ...........

Repo Rate, Reverse Repo Rate, CRR Rate, SLR Rate & Bank Rate 

So here is some interesting facts about it.....

1. What is a Repo Rate ??????

A : Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banks
to get money at a cheaper rate. When the repo rate increases, borrowing from RBI becomes more expensive.

2. What is Reverse Repo Rate ???????

A: This is exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. RBI uses this tool when it feels there is too much
money floating in the banking system. Banks are always happy to lend money to RBI since their money is in safe hands with a good interest. An increase in Reverse repo rate can cause the
banks to transfer more funds to RBI due to this attractive interest rates.

 

 

3. What is CRR Rate ???????

A: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down.
RBI is using this method (increase of CRR rate), to drain out the excessive money from the
banks.

 

4. What is SLR Rate????????

A: SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its
customers. SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit. SLR is determined as the percentage of total demand
and percentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. SLR is used to control inflation and propel
growth. Through SLR rate tuning the money supply in the system can be controlled efficiently.

 

5. What is Bank Rate??????

A: Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and advances that it extends to commercial banks and other financial
intermediaries. Changes in the bank rate are often used by central banks to control the money
supply.

 

 

 

 

 

 

 

 

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Winners: National Geographic Traveler 2013 Photo Contest

Winners: National Geographic Traveler 2013 Photo Contest

1.First Place: Dig me river

I was in Manaus, Amazonas, during the Brazilian Aquathlon (swimming and running) championship. I photographed it from the water and my lens got completely wet, but there was so much energy in these boys that I just didn't worry about that.(Photo and caption by Wagner Araujo/National Geographic Traveler Photo Contest)

2.Second Place: Thunderstorm at False Kiva

I hiked out to these ruins at night hoping to photograph them with the Milky Way, but instead a thunderstorm rolled through, creating this dramatic image. (Photo and caption by Max Seigal/National Geographic Traveler Photo Contest)

3.Third Place: Say cheese

Cheetahs jumped on the vehicle of tourists in Masai Mara national park, Kenya. (Photo and caption by Yanai Bonneh/National Geographic Traveler Photo Contest) 

4.Merit: The TataHonda sect.

The photographer could get inside of an enclosed sect named Tatahonda in the Democratic Republic of the Congo. The ladies are preparing for their religious ceremony.(Photo and caption by Gergely Lantai-Csont/National Geographic Traveler Photo Contest)

5.Merit: sakura

Cherry blossom is called Sakura in Japanese.Cherry blossom is Japanese symbolic flower.There are various kinds in a cherry tree and an especially old cherry tree has many kinds called Edo-Higan. The trees of the cherry tree exceeding hundreds of years are located in a line with a nebula this temple, and if spring comes every year,can looks at a powerful spectacle can do it. This photograph focused on Edo-Higan and photographed Beni-Sidare which is back together. (Photo and caption by Hideyuki Katagiri/National Geographic Traveler Photo Contest)

6.Merit: Children of Reindeer

Mikael Ánde, a child of Sámi reindeer herders, takes a break indoors after a long, cold day of rounding up the animals for vaccinations and slaughter. Children of reindeer herders learn to handle these animals and the land they thrive in from infancy - young Mikael here knew far more about the ways of nature than I could ever hope to learn. (Photo and caption by Michelle Schantz/National Geographic Traveler Photo Contest)

7.Merit: Piano play at sunset

Streets of Queenstown, New Zealand at the end of one more day filled with adrenaline. Calming and doleful scene with piano sound in the background. (Photo and caption by Nikola Smernic/National Geographic Traveler Photo Contest)

8.Merit: Portrait of an Eastern Screech Owl

Masters of disguise. The Eastern Screech Owl is seen here doing what they do best. You better have a sharp eye to spot these little birds of prey. (Photo and caption by Graham McGeorge/National Geographic Traveler Photo Contest)

9.Merit: Guanjiang Shou

Guanjiang Shou troupes are one of Taiwan most popular activities that may be seen all over Taiwan at traditional folk religion gatherings. With their fiercely painted faces, protruding fangs and powerful, choreographed performances, they are easily recognized, They may be described as underworld police or gods' bodyguards. (Photo and caption by Chan Kwok Hung/National Geographic Traveler Photo Contest)

10.Merit: Lady in Water

A lady collects water in the river by a village in Bagan, Myanmar, 2013.(Photo and caption by Marcelo Salvador/National Geographic Traveler Photo Contest)

11.Viewers Choice: Another perspective of the day

The fisherman at Bira Beach. (Photo and caption by Dody Kusuma/National Geographic Traveler Photo Contest)

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