All India Bank Officers’ Confederation (AIBOC) has condemned the in principle approval of cabinate for merger of Public Sector Banks. AIBOC said that “in the Parliament the Minister of State stated that there is no plan for merger. The announcement of merger plan just after a day of successful Nationwide strike Read more…
Dealings in foreign exchange transactions in India is governed by the Foreign Exchange Management Act, 1999. In this article, we have explained that How much currency can a person take with him while travelling abroad and in which form. Total Foreign Currency remittance from India is allowed upto USD 2,50,000 Read more…
Equitable mortgage is most common type of mortgage in India. But there are different types of mortgages. What is mortgage, what are other types of mortgage and how these are different is explained in this article. What is mortgage? Mortgage is defined in Transfer of Property Act, 1882, Section 58: A Read more…
We are giving a comparison of quarterly results of all major public sector banks in India. Indian Overseas Bank Tops the list in terms of NPA, having net NPA of 14.97% and reported loss of Rs.499.09 crores for the quarter ending June 2017. Uco Bank reported highest loss Read more…
These are some of the useful books for bankers to enhance their skills in banking. Credit Appraisal, Risk Analysis & Decision Making This book contains comprehensive material on credit appraisal, to help the officials in commercial banks and financial institutions. It features – analysis of financial statements, profit & loss Read more…
Dearness Allowance has increased by 2.20% for Bank Employees for the period August 2017 to October 2017. In other words, there is increase of 22 slabs in DA for bankers. (Read how DA for Bank Employees is calculated). [irp posts=”2346″ name=”Summary of Charter of demand for 11th Bipartite Settlement”] [irp posts=”2483″ name=”Merger Read more…
In the BCSBI Code Compliance Rating 2017, no public sector bank except IDBI Bank has been rated as ‘High’ on customer service. RBL Bank, a new private bank has been rated highest in customer service with total score 95 while IDBI Bank is only public sector bank in top 10. Read more…
Have you filed your Income Tax Return for FY 2016-17? If not, then you should file your return as soon as possible. Because from this year onwards, if you delay in filing your ITR, you’ll need to pay a penalty upto Rs. 10,000. Please do not even let the though Read more…
Have you heard of bitcoin? If not earlier, then surely you’d have come across this term during the recent ‘wannacry’ ransomware news. The hackers are asking to pay ransom in bitcoins. What is this bitcoin all about? How it is used? Here are the basics about bitcoin. What is Read more…
Analysis of holding period is an important aspect while sanctioning working capital facilities in Banks. In this article, we have discussed how holding periods are calculated and analysed for stocks, receivables and creditors. Holding levels means the period of a particular current asset or current liability after which it is Read more…