Banking

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History of SBI

State Bank of India basics starts in the first decade of the 19th century when the Bank of Calcutta later renamed the Bank of Bengal, was established on 2 June 1806. The Bank of Bengal was one of three Presidency banks, the other two being the Bank of Bombay (incorporated on 15 April 1840) and …

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What is NRO account ?

NRO Account A Non-Resident Ordinary Saving Bank Account (NRO Account) is for NRIs to manage/invest their Indian earnings on non-repatriation basis. The funds in an NRO account are repatriable with certain rules and limits by the RBI. An NRO bank account is an ordinary saving bank account opened for NRIs. That is why it it …

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What is a NRE account ?

NRE Account A Non-Resident External Saving Bank Account (NRE Account ) is for NRIs who want to invest their foreign earnings in India on a repatriation basis. An NRE bank account is an external saving bank account opened by Non-resident Indians (NRIs). This is the principal it is called the Non-Resident External (NRE) account. As …

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Role of RBI on inflation in 2021

The  simple definition of inflation is too much money chasing too few goods . Lots of money chasing few goods. therefore making goods more expensive.  Now if you compare the indian scenario, today automobiles have gone expensive, ,components have gone expensive, chemicals expensive ,capital goods expensive ,metals expensive.  Inflation is rising in india where is …

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