A note on Diversion of Funds in Banking by Sharukh Sir (AKM - Banking & Finance Division)
Posted Date : 27-Oct-2014 , 12:46:14 pm | Posted By
Pradeep Singh
Diversion of Funds: The early warning signals which help in detecting diversion of funds are indicated below:- 1. Poor credit turnover in the account. 2. Credit turnover is not commensurate with the sales estimate. 3. Routing of transactions through other Bank/ Non Member Banks. 4. Frequent reque...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 781 |
 |
THE CHANGING FACE OF INDIAN BANKING
Posted Date : 15-Sep-2014 , 09:35:40 pm | Posted By
RATHI
THE CHANGING FACE OF INDIAN BANKING The Changing Decade :- Indian banking is passing through a phase of rapid transition which was initiated with the reforms of the financial sector that was initiated by the Central Government since 1991 when India faced its worst Balance of Payments Crisis in its...
Continue Reading...
Category : Banking |
Comments :
1 | Hits : 953 |
|
Basel III Accord - Basel 3 Norms
Posted Date : 10-Jan-2014 , 06:27:56 pm | Posted By
Dulichand Kushwaha
What is Basel iii or What is Basel 3 Accord or Meaning and Definition of Basel III Accord:-
Basel III or Basel 3 released in December, 2010 is the third in the series of Basel Accords. These accords deal with risk management aspects for the banking sector. In a n...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 510 |
|
Type of Banks & List of Banks in India
Posted Date : 03-Jan-2014 , 09:40:47 pm | Posted By
Vimmi
RBI (Reserve Bank of India)
The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.The Central Office of the Reserve Bank was initially established in Calcutta but was permanently ...
Continue Reading...
Category : Banking |
Comments :
1 | Hits : 1700 |
|
Different types of Accounts in Banks
Posted Date : 27-Dec-2013 , 02:16:02 pm | Posted By
Dulichand Kushwaha
Traditionally banks in India have four types of deposit accounts, namely Current Accounts, Saving Banking Accounts, Recurring Deposits and, Fixed Deposits. However, in recent years, due to ever increasing competition, some banks have introduced new products, which combine the features of...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 517 |
|
History of Bank in Nepal
Posted Date : 17-Dec-2013 , 02:59:45 pm | Posted By
Keshav Kumar KC
COMMERCIAL BANKING IN NEPAL
HISTORY OF NEPALESE BANKING SYSTEM
The initiation of formal banking system in Nepal commenced with the establishment in 1937 of Nepal Bank Limited (NBL), the first Nepalese commercial bank. The country's cent...
Continue Reading...
Category : Banking |
Comments :
1 | Hits : 458 |
|
How to stay safe with the new card payment system
Posted Date : 04-Dec-2013 , 03:59:38 pm | Posted By
Ekta Ahuja
From December 1, 2013, for using your debit card at retail outlets, you need to use your existing ATM PIN. This is as per RBI mandate".
You may have received a similar SMS from your bank last week. As the message states, you will have to punch in your personal identification number or PIN (t...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 610 |
|
New Prudential Provisioning Norms by RBI
Posted Date : 03-Jun-2013 , 07:02:00 pm | Posted By
Sameer Kakar
Changes in the Prudential Norms, Provisioning by RBI
Background
During the year 2012 RBI constituted a working group headed by Sh. B. Mahapatra to review the existing prudential guidelines on restructuring of advances by Banks/FI’s. The working group made certain recommen...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 976 |
|
FAQ on Banking Ombudsman & Their Address & Area of Operation
Posted Date : 13-Mar-2013 , 01:49:16 pm | Posted By
Vinay Sharma
The Frequently Asked Questions on Banking Ombudsman Scheme, 2006 are as follows :
A. INTRODUCTION:
1. What does the Banking Ombudsman Scheme, 2006 offer?
The Banking Ombudsman Scheme, 2006 enables resolution of complaints of bank customers relating to certain services rendered by banks.
2. Has...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 1304 |
|
HOW TO TRANSFER FUNDS VIA NEFT & RTGS
Posted Date : 09-Feb-2013 , 08:47:46 pm | Posted By
Mrattunjay
The two options NEFT (National Electronic Funds Transfer) and RTGS (Real-Time Gross Settlement) offered by the RBI allow electronic transfer of funds from the remitter, who has an account in one bank, to the beneficiary, who has an account in any other bank/branch. The transfer...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 1105 |
|
What is Cheque Truncation System
Posted Date : 02-Feb-2013 , 04:55:21 pm | Posted By
Anjali Arora
Of late you must have noticed advertisements in newspapers put up by banks urging account holders to stop circulating non-CTS compliant cheques and replace their old cheque books with new CTS enabled ones.
Some banks also created awareness through var...
Continue Reading...
Category : Banking |
Comments :
3 | Hits : 4138 |
|
Amendments brought by The Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2012
Posted Date : 23-Jan-2013 , 01:47:55 pm | Posted By
Sameer Kakar
Amendments brought by The Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2012
A commentary by CA Sameer Kakar, B.Com (Hons.), LLB, FCA
The Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, ...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 2708 |
|
DIFFERENCE BETWEEN RTGS AND NEFT
Posted Date : 13-Aug-2012 , 06:23:35 pm | Posted By
SUMIT GERA
NEFT and RTGS are the two convenient modes of money transfer between banks in India.
# “RTGS” refers to Real Time Gross Settlement, it is popular fund transfer mechanism which enables the transfer of money between two banks on a “real time” ...
Continue Reading...
Category : Banking |
Comments :
4 | Hits : 1506 |
|
Check your credit rating before applying for loan
Posted Date : 06-Jun-2012 , 09:01:54 am | Posted By
Deepak Tanwar
Everyone is aware of the word CIBIL. The Credit Information Bureau India Ltd. keeps the track on the creditworthiness of an individual. They have information about a person’s creditability. Cibil rates a person according to his/her payment track; this is commonly known as CIBIL credit infor...
Continue Reading...
Category : Banking |
Comments :
1 | Hits : 3135 |
|
Musing of FEDAI, Forex Market and Indian Rupee
Posted Date : 22-May-2012 , 10:13:41 pm | Posted By
Niraj Bisht
Source :www.rbi.org.in Uploaded on RBI website : April 11, 2012
Friends,
...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 597 |
|
Financial Literacy & Consumer protection
Posted Date : 01-May-2012 , 06:05:10 pm | Posted By
Niraj Bisht
Source : www.rbi.org.in &nb...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 483 |
|
No. of Auditors who are Empaneled for Draft Branch Auditor for 2011-12
Posted Date : 15-Dec-2011 , 05:03:11 pm | Posted By
CA Mordhwaj Garg
CATEGORY - I 1336
CATEGORY - II 2122
CATEGORY - III 3568
CATEGORY - IV 18158
INELIGIBLE 3802
TOTAL 289...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 1384 |
|
RTGS (Real Time Gross Settlement)
Posted Date : 20-Sep-2011 , 04:37:40 pm | Posted By
Neha Jain
What is RTGS Net Transfer?
RTGS is an abbreviated form of “Real Time Gross Settlement” which is a funds transfer mechanism characterised by money transfer from one bank toanother in real time and on gross basis. It is regarded as the f...
Continue Reading...
Category : Banking |
Comments :
7 | Hits : 1375 |
|
NEFT (National Electronic Funds Transfer)
Posted Date : 20-Sep-2011 , 04:34:06 pm | Posted By
Neha Jain
The NEFT Service is useful for the seamless transfer of funds from one branch to another without any delay or procedural hassle. The operations and functions of the system are similar to RTGS. We have become active member of NEFT system and introduced a new product called TMB e...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 915 |
|
Electronic Clearing Service (ECS)
Posted Date : 20-Sep-2011 , 04:29:35 pm | Posted By
Neha Jain
Electronic Clearing Service (ECS)
ECS is an electronic mode of funds transfer from one bank account to another bank account using the s...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 878 |
|
The business of banking over the past three years
Posted Date : 07-Sep-2011 , 10:40:23 pm | Posted By
Vasu Butti
The Reserve Bank of India (RBI) recently came out with draft guidelines for the entry of new private sector banks into the sector. Most major corporate houses in India including the Tatas, Ambanis, Mahindras, Birlas, Bajaj Group etc are all ready to jump on the bandwagon. They are all ...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 655 |
|
Guidelines on Asset Classification and NPA Provision for finacial year ending 31st March 2011
Posted Date : 12-Jul-2011 , 09:54:25 pm | Posted By
Lavina Bajaj
All accounts need to be classified into four categories taking into account the degree of well defined credit weaknesses and extent of dependence on collateral security for realisation of the dues as given under :-
1...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 1896 |
|
Investment- Basic Concepts- Part 2
Posted Date : 12-May-2011 , 02:28:34 pm | Posted By
Pulkit Gupta
Long-Term Investments
Long Term Investment Strategies that Work!
Planning for your future and retirement relies on planning the right kinds of long term investments. There are many different types of long term financing investments, and everyone needs to have some sort of inves...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 677 |
|
Investment- Basic Concepts- Part 1
Posted Date : 12-May-2011 , 02:26:01 pm | Posted By
Pulkit Gupta
Why to Invest ??
Let's face it. You will not be able to work forever. No matter how healthy you are, there will come a t...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 716 |
|
Invest while you are young
Posted Date : 12-May-2011 , 01:11:36 am | Posted By
Pulkit Gupta
" INVEST WHILE YOU ARE YOUNG"
(A) Introduction
This article is mainly focused on people in their 20's irrespective of their work.
This article is as much useful to a young guy related to science or arts or a guy working in BPO as it is to ...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 673 |
|
Micro Finance Institutions (MFIs) cannot charge more than 26 pc interest – RBI
Posted Date : 04-May-2011 , 12:26:31 am | Posted By
CA. Sachin Data
The Reserve Bank has capped interest rates charged by micro finance institutions from small borrowers at 26 per cent, but opened for MFIs the bank credit line which was curtailed following the crisis faced by the sector in October, 2010.
The loan by the banks to MFIs for on-lending to small b...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 988 |
|
|
