Banking capital:Banking capital: Comprises of three components: (a) foreign assets of Commercial Banks (ADs); (b) foreign liabilities of Commercial Banks (ADs); and (c) others. Foreign assets of Commercial Banks consist of (i) foreign currency holdings; and (ii) rupee overdrafts to non-resident banks. Foreign liabilities of commercial banks consists of (i) Non- resident deposits, which comprises receipt and redemption of various non-resident deposit schemes; and (ii) liabilities other than non- resident deposits which comprises rupee and foreign currency liabilities to non-resident banks and official and semi-official institutions. Others under banking capital include movement in balances of foreign central banks and international institutions like IBRD, IDA, ADB, IFC, IFAD etc. maintained with RBI as well as movement in balances held abroad by the embassies of Indian in London and Tokyo. This also includes movements in technical credit granted to the erstwhile East European countries and their investments in Government Treasury Bills and deposits with the Government. current-affairs/2014-07-18/topics/706
Posted on: Fri, 18 Jul 2014 07:40:27 +0000
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