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 relative to the expansion in bank credit, leading to large excess liquidity in the system. RBI has Read more…
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 linked variable pay structure. SBI is looking to give stock option plans to its employees to retain talent. Punjab Read more…
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 Guarantee Trust for Micro & Small Enterprises (CGTMSE) has issued circular (117/2016-17) regarding modifications due to introduction of Read more…
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 be made. A banker is allowed to take legal action by filing a suit, prefer an appeal and apply Read more…
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 feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have Read more…
When a large manufacturer needs a ₹400 crore working capital limit — more than any single bank wants to take on alone — lenders have two choices: pool together under a consortium arrangement or each bank lends independently under multiple banking. Both result in the same borrower getting funded. But Read more…
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 for retail use. In a review conducted by RBI it was found that very few banks had taken initiatives in setting up ATMs dispensing Read more…
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 banks to provide a specified portion of their lending should be priority sector lending, i.e., lending to few Read more…
See: Expected DA for Bank Employees from February 2016 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 2016 and August 2016 were 278 and Read more…
‘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 entire unit. Term Loans have a specific repayment period and are generally repayable in installments. Cash generating capacity of the unit is Read more…