In demand of a solution to the problems caused due to demonetisation and recovery of bad loans Bank Unions have called strike on 7th Feb 2017. All India Bank Employees Association (AIBEA), All India Bank Officers Association (AIBOA) and the Read more…
In this series of study material for bank promotion, these are brief Notes on Banking Regulation Act. Read the underlined words carefully as they are important part of definition on which questions may be based. THE BANKING REGULATION ACT, 1949 Applicable Read more…
Signing of an instrument on back, face or slip annexed to it for the purpose of negotiation. It can be endorsed by Drawer/ Maker, Holder or Payee is called endorsement under Negotiable Instruments Act, 1881. Person making endorsement is called Read more…
As per Section 138 of Negotiable Instruments Act 1881, Cheque drawn for payment for discharge of any debt or other liability, is returned by the bank unpaid due to insufficient funds or exceeding the arrangement (in case of CC/OD account), Read more…
In this series, this is the study material for bank promotion (Notes on Negotiable Instruments Act). Read the underlined words carefully as they are important part of definition on which questions may be based. Negotiable Instrument Act 1881: Applicable to entire Read more…
Promissory note and Bill of Exchange are defined under Negotiable Instrument Act 1881 as under: Promissory note (Section 4) An instrument in writing (not being a bank-note or a currency-note) containing an unconditional undertaking, signed by the maker, to pay Read more…
Looking for a housing loan? But not sure, which bank is offering Lowest Interest on home loan? Here we have compared the rate of interest offered by top lenders, so that you can get best home loan at lowest interest rate. Read more…
On 31st December 2016, Prime Minister announced that coverage under Credit Guarantee Scheme will be increased to Rs.2 crores. Till now, the coverage under CGTMSE is Rs.1 crores under which Micro, Small and Medium Enterprises can get collateral free loans. Read more…
There is good news for Public Sector Bank Employees. Vinod Rai, Chairman of Bank Board Bureau said that Bank Employees will get more attractive pay packages from next financial year (2017-18). This is to retain talent and attract more professionals in Read more…
All India Bank Officers’ Confederation (AIBOC) has issued a circular, clarifying the progress made in respect of 11th Bipartite Settlement, which is due to be implemented with effect from 01.11.2017 See: 11th bipartite settlement latest news. AIBOC advised that the members should ignore Read more…