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Terms like M3, CRR, SLR, PLR and OMO would make you think that the typical IT-bug has caught the financial sector. But take a closer look as the Monetary and Credit Policy is crucial to all of us and more so to the banking sector.
For the uninitiated, this policy determines the supply of money in the economy and the rate of interest charged by banks. The policy also contains an economic overview and presents future forecasts.
What is the Monetary Policy?
The Monetary and Credit Policy is the policy statement, traditionally announced twice a year, through which the Reserve Bank of India seeks to ensure price stability for the economy...
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Common topics in this essay:
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