Which are the largest banks in India and how they have grown from 2007 to 2020? Watch out ranking of the banks in terms of total business SBI remains at the top. Second Place contested by PNB, BoB, ICICI, HDFC.
If you have just joined the banking Industry, you must have applied for JAIIB or if not yet, you’ll be applying soon. And one thing everyone wants to know is how to pass JAIIB in first attempt. The obvious reason for clearing JAIIB i.e., Junior Associate of Indian Institute of Read more…
Can Trading business/ Trader be classified as MSME? Retail Trade and Wholesale trade are now treated as MSME as per new definition of MSME. Traders can now apply for Udyam Registration Portal Ministry of Micro, Small and Medium Enterprises vide Office Memorandum (OM) No. 5/2(2)/2021-E/P & G/Policy dated July 2, 2021, Read more…
DA for Bankers is expected to increase for the quarter August 2021 to October 2021. CPI data for the month of April 2021 has been released, which is 120.10. This has increased from 119.60, i.e., increase of 0.5 points. Assuming that CPI remain at the same level, i.e., 120.1 for Read more…
RBI vide circular dated 05.05.2021 extended the one time restructuring scheme. RBI issued circular naming the scheme as “Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs)”, which state following guidelines: The facility for restructuring existing loans without a downgrade in the asset Read more…
The Simplified Turnover Method is normally used by banks in order to assess the working capital requirement of business enterprises. Working Capital Loan finance may include cash credits or overdraft accounts maintained with banks, the bills purchases / discounted, term loan etc. However, it is really confusing to understand the Read more…
Finacle 10 or Finacle X is the latest buzz in Banking Industry. Some Banks have already migrated to Finacle 10 whereas some are under implementation. Finacle 10 is the upgraded version of the flagship product of Infosys, which is being worldwide bank various banks. If your bank has also migrated Read more…
DA for bank employees increased by around 1.40% for the quarter August 2020 to October 2020. CPI data for the month of June 2020 has been released today, which has increased from 330 in May 2020 to 332 i.e., an increase of 2 points. Based on the CPI data for Read more…
Meeting between IBA and Bank Employees’ Associations was held in Mumbai on 22nd July for discussion on 11th bipartite settlement. This time the matter has been concluded and bankers can foresee the long pending increase in salary. As per sources, wherein the minutes of meeting have been shared by IBA, Read more…
This is summary of Public Provident Fund (PPF) Scheme covering major features of the scheme summarized in one picutre. Eligibilty •Only 1 A/c in one name. No Joint A/c. No Age limit•Only Individual Resident. Blind/ Illitrate person can open•Power of Attorney holder not allowed Deposit Rules •Min Initial Dep. Rs.500•Thereafter Read more…