What does CERSAI mean? CERSAI is the acronym for Central Registry of Securitisation Asset Reconstruction and Security Interest, which is a central online security registry of India In simple words, it is an online database of all the properties mortgaged with banks. How? When a Bank finance against a property, Read more…
Average delay in bank wage revision for last 5 BPS is 30 months. Since 1966, there is no BPS on time and the least is 9 month
CGTMSE Scheme known as “Credit Guarantee Fund for Micro and Small Enterprises” is a guarantee fund set by Government of India to guarantee the loans provided by banks to small enterprises and medium enterprises. The objective of the fund is to enable small and medium enterprises to avail loans from banks Read more…
RBI released Annual Report of Banking Ombudsman Scheme for the year 2017-18. Key highlights of the report are : · Total complaints received by Banking Ombudsman (BO) in 2017-18 : 163590 [Increased from 130987 during 2016-17 and 102894 during 2015-16]. 24.9% increase in complaints over previous year. · Highest complaints (46994) received Read more…
Earlier since the Government gave its in principle approval for merger of public sector banks, it is a hot topic of discussion among bankers. And specially now after the approval for merger of Bank of Baroda, Dena Bank and Vijaya Bank, a common banker is really concerned. Bankers are afraid Read more…
The government will merge state-owned Vijaya Bank, Dena Bank and Bank of Baroda to create India’s third-largest lender, Financial Services Secretary Rajeev Kumar said Monday. Boards of the three banks will examine amalgamation proposal, Rajeev Kumar told a news conference He said the banking sector needed reforms and the government Read more…
The government has asked the Reserve Bank of India (RBI) to prepare a list of candidates for merger among 21 government banks as it seeks to strengthen a banking system laden with bad debt, people familiar with the matter said. In a meeting this month, finance ministry officials also asked Read more…
Merger of banks has been in the public discourse for quite some time now due to the fact that the sector is struggling to grow in the present scenario. The capital base is fast depleting, the NPA accounts are rising with unprecedented growth and the human resources of banks are Read more…
Bank employees across the country are eagerly waiting for the implementation of the 11th bipartite settlement for them to come into effect from November 01, 2017. The settlement is carried out by the joint meeting of the Indian Banks’ Association along with the bank unions in consultation with the Ministry Read more…