Changes in Priority Sector Guidelines

Changes in Priority Sector Guidelines

RBI, vide notification dated March 01, 2018 amended the priority sector guidelines. Following are the changes made in priority sector lending: 1.  Earlier it was stipulated that the sub-targets for lending to small and marginal farmers and micro enterprises shall be...
Resolution of Stressed Assets – New RBI Guidelines

Resolution of Stressed Assets – New RBI Guidelines

RBI, vide notification dated 12.02.2018 issued revised framework for resolution of Stressed Assets. In this notification, RBI has withdrawn the existing schemes such as CDR, SDR, S4A, JLF etc. For exposure of Rs.2000 crores and above, Banks need to resolve the default...
No Physical Education Loan application in Banks

No Physical Education Loan application in Banks

The Department of Financial Services has made it mandatory for all the banks to accept the education loan applications only through online mode. Banks have been directed not to accept education loan applications in physical form. Online education loan applications...
Bank Strike on 15th March 2018

Bank Strike on 15th March 2018

United Forum of Bank Unions (UFBU) has called one day all India strike on 15th March 2018 for early settlement of 11th bipartite. 11th Bipartite Settlement for increase in salaries of bank employees is already due from 1st November 2017. There has been rounds of...
CBI registers FIRs against 22 PNB employees in Loan Scam

CBI registers FIRs against 22 PNB employees in Loan Scam

CBI has registered FIR against 22 employees of Punjab National Bank for alleged fraudulent disbursement of loan to various parties during 2011 to 2016, who were in coal business. The case in related to around four branches Bhopal and Ujjain. In this connection, CBI...