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This presentation helps you to understand the head of moneytary management under Economic Survey for 2014-15 published on 27th feb, 2015. Hope this will help you to understand the topic in ease.
This presentation helps you to understand the head of moneytary management under Economic Survey for 2014-15 published on 27th feb, 2015. Hope this will help you to understand the topic in ease.
This presentation helps you to understand the head of moneytary management under Economic Survey for 2014-15 published on 27th feb, 2015. Hope this will help you to understand the topic in ease.
MANAGEMENT The Bank uses various policy instruments,
including open market operations, discounts
and temporary accommodations, required reserve ratios, re-deposits of financial institutions etc., to regulate financial conditions and to achieve monetary policy objectives.
The Reserve Bank of
India (RBI) adopted the new Consumer Price Index (combined) as the measure of the nominal anchor (headline CPI) for policy communication. Policy rates were kept unchanged during the year till January 2015. In view of continuing easing of inflationary pressures, on 15 January 2015 the RBI reduced the policy repo rate under the liquidity adjustment facility (LAF) from 8.0 per cent to 7.75 per cent.
The increase in the Net Foreign Exchange Assets (NFA) of the
RBI was mostly offset by the decrease in its Net Domestic
Assets (NDA), reflecting a lower net liquidity injection by the RBI in the absence of strong demand for liquidity. The trends in currency in circulation reflected weaker economic activity.
BANK CREDIT The amount of credit available to a company
or individual from the banking system. It is the
aggregate of the amount of funds financial institutions are willing to provide to an individual or organization.
The growth of aggregate deposits of Scheduled Commercial Banks
(SCB) decelerated during 2014-15 till December, mainly due to
base effect, i.e. high accretion to NRI deposits, last year during September-November and due to lower deposit mobilization during this year. The growth in non-food credit also decelerated.
FINANCIAL INCLUSION Financial inclusion is an important priority of the
government. The objective is to ensure the excluded
sections, i.e. weaker sections and low income groups, access to various financial services such as a basic savings bank account, need-based credit, remittance facility, insurance and pension. To achieve the objective of financial inclusion by extending financial services to the large hitherto unserved population of the country and to unlock its growth potential, the Pradhan Mantri JanDhanYojana (PMJDY) was launched on 28 August 2014.