In any bankig system, loans or assets created by lenders are divided into several qualiative categories. In simple language, the categories reflect how good pr bad an asset is in terms of the possibility of default in repayment of loan from a borrower. This practice is known as "Classification of Assets."
Offshore banking unit (OBU) is the branch of an Indian bank located in a special economic zone (SEZ), with a special set of rules aimed at facilitating exports from the region. As laws define it, it's a '"deemed foreign branch" of the parent bank situated within India, and it undertakes international banking business involving foreign currency denominated assets and liabilities. The concept comes from the practice prevalent in several global finacial centres. Here an OBU can accept foreign currency for business but not domestic deposits from local residents. This was conceived to prevent competiton between local and banking sectors.
The US seems ready for another round of quantitative to boost growth, employment generation and consumer spending. There is consensus among economists and policymakers in the world's largest economy that the Federal Reserve should target a higher level of inflation to spur growth.
Stagflation, a concept which did not gain acceptance till the 1960s is described as a situation in the economy where the growth rate slows down, the level of unemployment remains steadily high and yet the inflation or price level remains high at the same time. At the first instance, high inflation and unemployment or slower growth seem like opposites and mutually exclusive. It came to be seen in the 1970s as a situation when the the economy has low productivity and yet the goods are highly priced in spite of low unemployment. The term 'stagflation' came to be used for the first time in the Birtish Parliament by Lain Macleod in 1965.
ASBA (Applications Supported by Blocked Amount) is a proces developed by the India's Stock Market Regulator Securities and Exchange Board of India (SEBI) for applying to IPO. In ASBA, an IPO applicant's account doesn't get debited until shares are allotted to them.ASBA is a supplementary process for applying in public issues floated by the companies.