Articles related to Banking Knowledge.
Bank promotion exams are held in almost every bank and if you are appearing for promotion in your bank in 2021, you must be looking for Bank Promotion Study Material. If you are not sure which topics are covered in the bank promotion test, you have landed to correct page. Read more…
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…
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…
The Legal Entity Identifier (LEI) code has been conceived for better risk management post the Global Financial Crisis. LEI code is a unique 20-character alphanumeric string (for example 529900T8BM49AURSDO55) used to distinctly represent a Legal Entity (company, organization, firm, government body, etc) on a worldwide basis. The LEI for the Read more…
Forbes in partnership with market research firm Statista has published list of World’s Best Banks. Instead of gauging the balance sheets and P&L statements, Statista surveyed more than 40,000 customers around the globe for their opinions on their current and former banking relationships. Banks were rated on general satisfaction and Read more…
RBI has amended the Note Refund Rules, for exchange of mutilated currency notes. RBI has tweaked the rules following the introduction of new denominations of Rs.2000 and Rs.200 currency notes and also new versions of other denomination such as Rs.10, 50, 100 & 500. Under the new rules, mutilated note of Read more…
These exams can open the doors of myriad of opportunities in front of you. Especially for young bankers, these exams will be very helpful for further career progression. There are monetary and non-monetary benefits of passing JAIIB and CAIIB.
A Public Credit Registry is a repository of information that keeps extensive credit data that is accessible to all the stakeholders. This will be single point of reporting and will maintain comprehensive credit information of all type without any threshold.
Banks Board Bureau recommends 22 candidates for the post of Executive Directors in Public Sector Banks The Chairman and members of the Banks Board Bureau have recommended to the Government of India following 22 General Managers for being appointed as Executive Directors in Public Sector Banks (The names of the Read more…
A letter of credit is issued (opened) bank a Bank on the request of his buyer customer in favour of seller, which is an undertaking by the bank to make payment to the seller if fulfills his obligations. The process of Letter of Credit is described in the following images and also Read more…