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Quick Facts

Bank Rate

Current Rate of Bank rate, CRR,SLR,Repo, Reverse Repo rate, MSFR.
As of 22 June 2017

Indicator Current rate
Policy Repo rate 6.25%
Reverse repo rate 6.00%
Bank rate 6.50%
Marginal Standing facility rate 6.50%
CRR 4.00%
SLR 20.50%
Inflation 4.50%
Base Rate 9.10% - 9.60%
MCLR (Overnight) 7.75 % - 8.10 %
Savings Deposit Rate 4.00%
Term Deposit Rate > 1 Year 6.25 % - 6.90 %

Exchange Rate

As of 22 June 2017

RBI Reference Rate
INR / 1 USD 64.6025
INR / 1 Euro 71.9413
INR / 100 Jap. YEN 58.07
INR / 1 Pound Sterling 81.5348

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.)












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Our Branches | India

Karnataka

Bengaluru- Electronic City

Magme Learnings Building
Vidhyanagar, Bommasandra, Hebbagodi,Electronic City, Bengaluru, Karnataka 560100,Contact:+91 95905 20000

Koppal

Magme School of Banking
Kandakoor Complex,Opp KSRTC Bus Depot & Beside Mannapurum gold loan bank, SH36,Kushtagi,Koppal, Karnataka – 583278.

Bengaluru-Gnanabharathi Campus

Magme Schoolof Banking
50/51, Kengeri Main Rd, Mariyappana Palya, Gnana Bharathi, Bengaluru, Karnataka 560056


Bengaluru- Konappana Agrahara

Magme School of Banking
50/2.BMR.Complex,Konappana Agrahara,Opp.KVB Bank,Electronic city,Bengaluru, Karnataka 560100,Contact:+91 95905 20000

Bengaluru-Kudlu

Magme School of Banking
47/5.MR.Complex,Near BTR Garden,Kudlu Road,Madiwala Post,Bengaluru,Karnataka – 560068.


Tamilnadu

Dindigul Zonal Office

Magme Techno Private Limited
85/1.Old RMS road,Nagalnagar, Dindigul – 624 003,Tamilnadu, Contact: +91 7094463006, +91 95905 20000

Hosur Branch 01

Magme School of Banking
Moovendhar nagar,Bagalur Road,Hosur,Tamilnadu – 635109, Contact: 04344 241888, +91 95905 20000

Hosur Branch 02

Magme School of Banking
Bangalore Road, Near New Bus stand,Kamaraj Colony, Hosur,Tamil Nadu-635109, Contact: +91 86809 30111, +91 95905 20000