Daily Archives: December 5, 2018

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What is negotiable Certificate of Deposit?

Money MarketBy Surendra Naik December 5, 2018

A negotiable certificate of deposit (NCD) is a certificate of deposit issued by the banks and it is freely negotiable unlike non-negotiable CDs which cannot be transferred, sold, bought, or exchanged. The Certificates of Deposit (CDs) were introduced in India in 1989.Minimum amount of a CD should be Rs.1 lakh. In India, CDs in physical…

Policy Repo Rate remains unchanged : RBI announces 5th Bi-Monthly Statement for 2018-19

Bank News, Reserve Bank Functions and newsBy Surendra Naik December 5, 2018

December 5, 2018: The Monitory Policy Committee (MPC) of Reserve Bank of India in its fifth Bi-Monthly Statement for 2018-19, announced today(December 5,2018) keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent. Consequently, the reverse repo rate under the LAF remains at 6.25 per cent, and the marginal…