Dev'S Invest Notes - Blogosphere !!!

In order to build up economic activity that had suffered because of the Covid-19 related lockdown, the bank of India (RBI) bog down repo rate by 0.4% on 22nd May 2020. Earlier, in March 2020 further, the RBI had cut repo rate by a steep 0.75%, to stimulate growth. within the same month, the US Federal Reserve System had cut the benchmark rates by 1% to 0.25% to assist the economy recover. Recently the FRS also stated that it'll hold its benchmark rate near zero through 2022, to assist the economy pass through the coronavirus crisis.    Keeping these developments in mind, and also the questions that include it, this text hopes to raze monetary policy and therefore the relevance of the repo rate for you!

SBI is Yes Bank’s Savior Again!  Heard of that tale of a Sage and a Scorpion? A sage used to go to a riverbank each day to offer his prayers and take a bath. One day, a scorpion bit him while he was entering the river. He felt that painful sting, but at the same time saw that the scorpion was drowning. The sage couldn’t resist seeing a living creature die in front of his eyes. So, he lifted the scorpion in his hand and tried putting it on the shore. But, the scorpion bit him again! Once again the scorpion was drowning and the sage helped it, but the scorpion stung again and again. A man was observing this series of events. He asked the sage, “Why do you keep helping the scorpion when it stings you every time?” The sage replied “It’s about character. If the scorpion maintains its character and keeps stinging, I’m a sage, and it’s my character to help others come what may.” Now, we definitely won’t say that Yes Bank is a scorpion and SBI is a sage but, you would be able to r