According to media reports, State Bank of India and Punjab National Bank are exploring possibilities to move out from 11th Bipartite Settlement. SBI and PNB are exploring to move to performance linked variable pay structure. SBI is looking to give Read more…
Guarantee cover for manufacturing and service Mudra Units is available under CGFMU as well as CGTMSE eligible. So, from where to obtain guarantee cover for such Mudra Units? CGTMSE of CGFMU? Credit Guarantee Trust for Micro & Small Enterprises (CGTMSE) Read more…
Bank Rate Rate at which RBI lends to commercial banks. This tool is used by central bank for short-term purposes. Increase in Bank Rate by RBI is indication to banks to increase lending and deposit rates. Repo Rate Rate at Read more…
Reserve Bank of India Act, 1934 Reserve Bank of India Established RBI on 01.04.1935 Nationalized on 01.01.1949 Paid up capital – Rs. 5 crore Managed by a Central Board of Directors – (One Governor, 4 Dy. Governors & 15 other Directors) Read more…
Limitation period for recovery of Debt in India is governed by the Limitation Act, 1963. The Limitation Act, 1963 specifies certain prescribed period within which any suit appeal or application can be made. A banker is allowed to take legal Read more…
1. Why is this scheme? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are Read more…
Difference between Consortium Banking and Multiple Banking is explained in this article What is Consortium Banking or lending under Consortium arrangement? Under consortium banking arrangement, more than one bank provides finance to a single borrower but chose one of the Read more…
Reserve Bank of India (RBI) vide circular dated 02.11.2016 has directed banks to increase dispensation of Rs. 100 banknotes through ATMs which are widely used for distribution of banknotes for retail use. In a review conducted by RBI it was found that very Read more…
There are some sectors of the economy, which may face difficulty in getting timely and adequate credit. To facilitate these sectors easy and timely credit, Reserve Bank of India (RBI) has directed banks to provide a specified portion of their Read more…
See: Expected DA for Bank Employees from February 2016 Increase in Dearness Allowance for Bank Employees for November 2016 to January 2017 is 2.30%. CPI for the month September 2016 was announced on 31st October 2016, which is 277. Read more…