RBI vide circular dated 05.05.2021 extended the one time restructuring scheme. RBI issued circular naming the scheme as “Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs)”, which state following guidelines: The facility Read more…
Finacle 10 or Finacle X is the latest buzz in Banking Industry. Some Banks have already migrated to Finacle 10 whereas some are under implementation. Finacle 10 is the upgraded version of the flagship product of Infosys, which is being Read more…
DA for bank employees increased by around 1.40% for the quarter August 2020 to October 2020. CPI data for the month of June 2020 has been released today, which has increased from 330 in May 2020 to 332 i.e., an Read more…
Meeting between IBA and Bank Employees’ Associations was held in Mumbai on 22nd July for discussion on 11th bipartite settlement. This time the matter has been concluded and bankers can foresee the long pending increase in salary. As per sources, Read more…
This is summary of Public Provident Fund (PPF) Scheme covering major features of the scheme summarized in one picutre. Eligibilty •Only 1 A/c in one name. No Joint A/c. No Age limit•Only Individual Resident. Blind/ Illitrate person can open•Power of Read more…
Emergency Credit Line Guarantee Scheme of Rs. 3 lakh crore Objective The Scheme is a specific response to the unprecedented situation COVID-19. To provide relief to the MSME sector, enabling MSMEs to meet their operational liabilities and restart their businesses. Read more…
For promotion in public sector banks, written tests are conducted, which are Computer based objective type tests. The syllabus for the bank promotion tests cover various banking related topics. Upto some extent the pattern of questions and type of Read more…
In a letter addressed to SBI Chairman and MD&CEOs of all Nationalized Banks, Department of Financial Services, Ministry of Finance directed banks to cut expenditure. Banks have been advised to take economy measures in the context of COVID-10. Banks have Read more…
If you are appearing for promotion in your bank this year, you might have various questions in mind and the most important one is “How to clear the bank promotion exam”? What to study for the promotion test and interview? Read more…
What is Diversion of Funds? Diversion of Funds means (mis)utilization of Funds for a purpose for which loan was not sanctioned. Most common example is buying immovable property out of the Cash Credit Limit, which is being sanctioned for working Read more…