Category: Economy

Payment Banks

Payment Banks are setup with objective of financial inclusion by providing 1.Small savings accounts 2. Payments remittance services to its users. Targeted user group of Payment banks are 1.Migrant labour workforce 2.Low income households 3.Small businesses...

Consumer Price Index

Consumer Price Index is a measure of the change in prices of market basket of products and services bought by households.  CPI is measure by recording the changes in prices of items which are...

Bank Rate

Bank rate is the rate of interest which a central bank charges on the money borrowed (Loans) by commercial banks from the central bank. The bank rate is known by different names and different...