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Category Economy

21 Dec

What is SLR Rate?

What is SLR Rate? 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 […]

Interesting facts about Indian currency

Indian currency is as historic as the Indian civilization. Currency in the form of punch-marked coins existed even before Christ. Coinage can be traced back to as early as the 6th century BC, in the earliest of civilizations in India. This history of coins and notes is as interesting as it is long. Interesting facts […]