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…
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…
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…
For promotion in public sector banks, written tests are conducted, which are Computer based objective type tests. The syllabus for the bank promotion tests cover various banking related topics. Upto some extent the pattern of questions and type of questions remain same for all scales be it Scale – Read more…
If you are appearing for promotion in your bank this year, you might have various questions in mind and the most important one is “How to clear the bank promotion exam”? What to study for the promotion test and interview? What questions are asked in promotion test in public sector Read more…
What is Diversion of Funds? Diversion of Funds means (mis)utilization of Funds for a purpose for which loan was not sanctioned. Most common example is buying immovable property out of the Cash Credit Limit, which is being sanctioned for working capital purposes. Utilisation of short-term working capital funds for Read more…
With the widespread outbreak of Corona Virus, various Public Sector Banks have asked the employees at corporate offices (Head Office, Zonal Office, Circle Office etc.) to work from home on alternate days. Half of the workforce will attend offices on one day and the other will work from home and Read more…