Banking Rough

Magme welcomes you to explore the world of the “Most world records achiever’s Bank Pre-recruitment Training Institute”.

LATEST NOTIFICATIONS

OUR EXAM DOMAINS

IBPS – PO | IBPS – SO | IBPS – Clerk | SBI – PO | SBI – Clerk| SBI – SO | RRB | RBI | LIC | SSC

CLASS SCHEDULE

BATCH M01M Quantitative Class – Unit Two & Unit Four

BATCH M02W Reasoning Class – Unit Five & Unit 1 Revision

BATCH M07AN English Class – Unit three

BATCH M05CE Banking Awareness Class – RBI and Banking Terminologies

BATCH M03CM Mock Interview Section

All Batch Students contact to Branch Admin for Test Paper Answer & Booklet

Magme School of Banking

Quick Facts

Bank Rate

Current Rate of Bank rate, CRR,SLR,Repo, Reverse Repo rate, MSFR.
As of 19 November 2016,

Indicator Current rate

Policy Repo rate 6.25%

Reverse repo rate 5.75%

Bank rate 6.75%

Marginal Standing facility rate 6.75%

CRR 4.00%

SLR 20.75%

Inflation 4.20%

Base Rate 9.30% - 9.65%

MCLR (Overnight) 8.65% - 9.00%

Savings Deposit Rate 4.00%

Term Deposit Rate > 1 Year 6.50% - 7.30%

Indicator	Current rate
Policy Repo rate	6.25%
Reverse repo rate	5.75%
Bank rate	6.75%
Marginal Standing facility rate	6.75%
CRR	4.00%
SLR	20.75%
Inflation	4.20%

Base Rate	9.30% - 9.65%
MCLR (Overnight)	8.65% - 9.00%
Savings Deposit Rate	4.00%
Term Deposit Rate > 1 Year	6.50% - 7.30%

Exchange Rate

As of 19 November 2016

RBI Reference Rate

INR / 1 USD 68.0937

INR / 1 Euro 72.2134

INR / 100 Jap. YEN 61.56

INR / 1 Pound Sterling 84.4158

RBI Reference Rate
INR / 1 USD	68.0937
INR / 1 Euro	72.2134
INR / 100 Jap. YEN	61.56
INR / 1 Pound Sterling	84.4158

Source:Reserve bank of India

India Economic-GDP

The Gross Domestic Product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly).
GDP is gross domestic product, the total economic output of a country, i.e., the amount of money a country makes.
GDP per capita is the total output divided by the number of people in the population.

Keys Data

GDP $2.29 trillion (nominal; 2016)

$8.64 trillion (PPP; 2016)

GDP rank 7th (Nominal) / 3rd (PPP)

GDP growth 7.9% ( FY 2015-16 Q4(Jan-Mar 2016)est.)

GDP per capita $1,820 (nominal; 129th; 2016)

$6,664 (PPP; 108th; 2016)

GDP by sector Agriculture and Fisheries: 16.1%

Industry: 29.5%

Services: 54.4% (2015 est.)

Keys	Data
GDP	$2.29 trillion (nominal; 2016)
	$8.64 trillion (PPP; 2016)
GDP rank	7th (Nominal) / 3rd (PPP)
GDP growth	7.9% ( FY 2015-16 Q4(Jan-Mar 2016)est.)
GDP per capita	$1,820 (nominal; 129th; 2016)
	$6,664 (PPP; 108th; 2016)
GDP by sector	Agriculture and Fisheries: 16.1%
	Industry: 29.5%
	Services: 54.4% (2015 est.)