Articles related to Banking Knowledge.
A Legal Entity Identifier (LEI) is a unique 20-character alphanumeric code that identifies a legal entity — company, firm, trust, or government body — in global financial transactions. The Reserve Bank of India has made LEI mandatory for all non-individual bank borrowers with aggregate credit exposure of ₹5 crore and 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…
BankersClub.in is visited by around 100,000 bankers per month. Show your skills and write for the other fellow bankers. If you have good knowledge about any banking topic, you can write articles for BankersClub. The article may be anything related to banking or concerning bankers. The article should be minimum Read more…
Credit Appraisal is a process which require sufficient knowledge and proper due diligence. Credit involves risk of default, which can not be avoided but can be minimized. So you should minimize the risk. The first step is to act early and act fast. If you do not start your due Read more…
Infrastructure and core industries projects have a long gestation periods and large capital investments. The repayment period for loans to such sectors should be corresponding to their gestation period of cash flows. However, Banks were unable to provide such long tenor financing due to asset-liability mismatch issues. Banks were restricting Read more…