This is a very basic post for the kids and for the people to explain the banking terminologies. Here is a conversation between Dad and Son explaining how the bank operates,
What are the implications of CRR, SLR, Repo Rate, Reverse Repo Rate and their impact on deposit rate, loan interest rate and on inflation?
Son: I have heard recently that Mr. Rajan has reduced Repo Rate by 50 basis points and everyone is saying that this is good for the market. Loan EMI may also come down. What is this rate cut means actually? I want to understand this.
Dad: To understand this you first need to know, how does a bank function. Continue reading “How does a bank operate?”
Sharing the performance of sandyyadav.com for the year 2013 annual report for this blog. Many thanks those who visited and provided your insightful comments. Commitment for 2014 will be more on International markets and regulations. Here on I wish all my readers a very happy and prosperous new year 2014.
Here’s an excerpt:
The concert hall at the Sydney Opera House holds 2,700 people. This blog was viewed about 43,000 times in 2013. If it were a concert at Sydney Opera House, it would take about 16 sold-out performances for that many people to see it.
Click here to see the complete report.