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Articles
Drawing Power Formula & Calculation in Cash Credit — With Worked Example
Drawing power (DP) is the amount you can actually withdraw from a cash credit account on any given day — calculated…
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Articles
RBI Circular for Mandatory Leave for Bank Employees
RBI on 09.07.2021 has issued circular for Mandatory Leave for Employees Posted inSensitive Positions or Areas of Operation in Banks. RBI has…
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News
RBI removes charges for NEFT & RTGS Payments
RBI has removed NEFT and RTGS charges to push for digital payments and asked banks to pass on the benefit to customers.…
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News
RBI did not shift any gold abroad in 2014 or thereafter
Reserve Bank of India on Friday clarified that it has not shifted any gold to abroad in 2014 or thereafter. RBI stated…
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Knowledge Hub
RBI Note Refund (amendment) Rules 2018
RBI has amended the Note Refund Rules, for exchange of mutilated currency notes. RBI has tweaked the rules following the introduction of…
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News
AIBOC urges Delhi High Court to quash RBI Circular
All India Bank Officers’ Confederation (AIBOC), the biggest union of banks has filed a writ petition in the Delhi High Court challenging…
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News
Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) discontinued by RBI for Trade Credits
Reviewing the guidelines after PNB fraud of Rs.1200+ crores, RBI vide notification dated 13 March 2018 discontinued issuance of LOU/ LOC for…
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News
RBI imposes Rs.5 Crore Penalty on Airtel Payment Bank
The Reserve Bank of India (RBI) has imposed penalty of ₹ 5 crores on Airtel Payments Bank Limited for contravening the ‘Operating…
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News
Resolution of Stressed Assets – New RBI Guidelines
RBI, vide notification dated 12.02.2018 issued revised framework for resolution of Stressed Assets. In this notification, RBI has withdrawn the existing schemes…
0
News
RBI imposes Rs.30 Million penalty on IndusInd Bank
Reserve Bank of India imposes a penalty of Rs.3 Crores on the private sector lender IndusInd Bank for non compliance with RBI…