Articles related to Banking Knowledge.
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…
A mortgage is the transfer of interest in an immovable property to a lender as security for repayment of a loan, defined under Section 58 of the Transfer of Property Act, 1882. Indian law recognises six types of mortgage — simple, conditional sale, usufructuary, English, equitable (deposit of title deeds), 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…
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…
Excel is a powerful tool, which can save your hours, if you know how to use it correctly. We have compiled some basic but very useful tips for beginner excel users. 1.Insert & delete Rows with Keyboard shortcut To insert a new row between the existing rows, use this keyboard Read more…
Difference between first Charge and 2nd Charge and pari passu charge has been explained in this article. Meaning of Charge in Banking: Evidence of a lien or mortgage that secures the repayment of a loan. So when we say, charged asset, it refers to the assets mortgaged or under lien Read more…
There were rumors in the public that new currency notes of denominations of Rs.500 and Rs.200 having something scribbled on them are not legal tender. Various incidence of branches of some banks not accepting, if there is scribbling on currency notes, have also come into light. You may imagine a Read more…
The RBI Clean Note Policy is a directive by the Reserve Bank of India requiring all banks to maintain only good-quality, clean currency notes in circulation, while withdrawing soiled notes and replacing them with fresh ones. The policy mandates how banks must handle, sort, and exchange notes — and gives Read more…
1. Who are behind the Bharat QR code MasterCard, American Express, National Payment Corporation of India (NPCI) and Visa have collaborated to promote acceptance of the Bharat QR payment method. 2.How to generate QR code for receiving payment You can generate QR code for receiving payment from BHIM app. See Read more…