Recent Articles

  • how to transfer money using *99# ussdHow to send money using *99# (USSD)
    After the announcement of demonetization by PM Modi, need for going cashless and digital has increased. Today, there are various methods available for transacting cashless such as Credit/ Debit Read more
  • DA from November 2016DA for Bank Employees from February 2017
    CPI for the month October 2016 was announced on 30th November 2016, which is 278. Assuming that CPI for November 2016 and December 2016 will remain Read more
  • RBI increases CRR temporarily
    With the withdrawal of the legal tender status of ₹ 500 and ₹ 1,000 denomination bank notes (Specified Bank Notes – SBNs) from November 9, 2016, there has been a surge in deposits Read more
  • variable pay in PNB and SBISBI and PNB may move out from 11th Bipartite Settlement
    According to media reports, State Bank of India and Punjab National Bank are exploring possibilities to move out from 11th Bipartite Settlement. SBI and PNB are exploring to move to performance Read more
  • CGTMSE SchemeMicro Units – where to cover? CGTMSE or CGFMU
    Guarantee cover for manufacturing and service Mudra Units is available under CGFMU as well as CGTMSE eligible. So, from where to obtain guarantee cover for such Mudra Units? CGTMSE of CGFMU? Credit Read more
  • law-of-limitation-in-bankingLaw of Limitation in Banking
    Limitation period for recovery of Debt in India is governed by the Limitation Act, 1963. The Limitation Act, 1963 specifies certain prescribed period within which any suit appeal or application can Read more
  • RBI FAQs on withdrawal of Rs500 and Rs.1000 notes
    1. Why is this scheme? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security Read more
  • Difference between Consortium Banking and Multiple BankingDifference between Consortium Banking and Multiple Banking
    Difference between Consortium Banking and Multiple Banking is explained in this article What is Consortium Banking or lending under Consortium arrangement? Under consortium banking arrangement, more Read more
  • Dispensation of Rs.100 denomination banknotes through exclusive ATMs
    Reserve Bank of India (RBI) vide circular dated 02.11.2016 has directed banks to increase dispensation of Rs. 100 banknotes through ATMs which are widely used for distribution of banknotes Read more
  • priority-sector-lendingPriority Sector Lending
    There are some sectors of the economy, which may face difficulty in getting timely and adequate credit. To facilitate these sectors easy and timely credit, Reserve Bank of India (RBI) has directed Read more
  • DA from November 2016DA for Bank Employees for November 2016 to January 2017
    Increase in Dearness Allowance for Bank Employees for November 2016 to January 2017 is 2.30%.   CPI for the month September 2016 was announced on 31st October 2016, which is 277. CPI for July Read more
  • analysis‘Term Loan Appraisal’ Technique
    ‘Term Loan Appraisal’ technique is explained in this article.   Terms Loans are granted to finance Capital Expenditure like plant & machinery, land and building or setting up an Read more
  • wilful-defualters-penal-measuresWhat are the Penal Measures for willful defaulters?
    Consequences of wilful default and penal measures for wilful defaulters are explained in this article.  [You should consider reading Meaning of wilful defaulters and procedure for Read more
  • wilful-defaulersWilful Defaulters – RBI guidelines
    You must have come across the term ‘Wilful Defaulter’ or if you have worked on credit desk of a bank, you should have heard ‘Wilful Defaulter List’. So, who is a wilful Read more

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