IBPS PO 2020 Institute of Banking Personnel Selection (Probationary Officer)
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Last Updated: 18th Dec, 2019
11th Oct 2020

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IBPS PO Banking Awareness!!

By: Shreyansh on August 02, 2017
From IBPS PO Banking related GK, RBI policies are important as questions are framed on it. Reserve Bank of India (RBI) is the regulating authority of all the scheduled banks in India. Apart from regulating the actions of Banks, RBI has a vital role in determining the monetary policy that directly or indirectly impacts the economy plays an active role in the case of inflation management and improving the investment environment. 
 
RBI in its Third Bi-monthly policy has cut the Repo Rate by 25 basis points. The Repo Rate has been fixed at 6% taking into the factors given below:
 
  • Low Credit Offtake
  • Stagnated Investment Cycle
  • Shrinking Factory Output
  • Benign Consumer Inflation
  • Better Monsoon than expected
  • Soft Dollar

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