Over 32 lacs debit cards issued by Axis Bank, SBI, HDFC Bank, ICICI Bank and Yes Bank have been compromised…
Definition of MSME [Micro, Small & Medium Enterprises] as per The Micro, Small & Medium Enterprises Development Act 2006. An…
We have explained below what is primary security and what is collateral security and how these are different. Also…
Pre-shipment Finance or Packing credit is a type of credit facility (loan), available for exporters. The advance is provided for…
DA for Bank employees is revised every quarter, which increases or decreases based on the CPI (Consumer Price Index. Consumer…
A.P. (DIR Series) Circular No. 05 October 06, 2016 Import Data Processing and Monitoring System (IDPMS) Attention of Authorized…
Credit Guarantee Fund for Micro Units (CGFMU) was notified by Govt. on 18th April 2016 and has been made effective…
Operating Guidelines for Payments Banks have been issued by RBI on 6th October 2016. Gist of operating guidelines is given below:…
Interest on PPF has been reduced by 0.10% w.e.f. 1st October 2016 from 8.10% to 8.00%. Besides PFF, rate of…
Advances to individuals As per RBI guidelines, Banks may grant advances against the security of shares, debentures or bonds to…