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1. SDR (Special Drawing Rights): SDR are new form of International reserve assets, created by the International Monetary Fund in 1967. The value of SDR is based on the portfolio of widely used countries and they are maintained as accounting entries and...

MICR code consists of how many digits- 9 digits. (First three digits denotes city, next three digits representing the bank and the last three digits representing the bank branch) What is the minimum limit in RTGS system -2 lakhs (there is no upper limit...

Dear Readers, In this article you will get to know about the 'various codes used in Indian Banking Industry' that means  Different codes used in Banking Context which identifies a bank branch of a particular bank uniquely. These codes are used for different...

RESERVE BANK OF INDIA (RBI) RBI established on April 1, 1935 under RBI Act 1934 (on the recommendations of John Hilton Young Commission 1926 - called Royal Commission on Indian Currency and Finance), is the central bank of the country and was nationalised...

Top news Based on The Hindu Third Week of April 2012 1.     Planning Commission Deputy Chairman Montek Singh Ahluwalia said that tea would be declared the national drink by next year. 2.     The Madras High...