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...
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Category : Banking |
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3 | Hits : 4296 |
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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, ...
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Category : Banking |
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0 | Hits : 2796 |
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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” ...
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Category : Banking |
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4 | Hits : 1639 |
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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...
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Category : Banking |
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1 | Hits : 3199 |
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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,
...
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Category : Banking |
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0 | Hits : 704 |
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Financial Literacy & Consumer protection
Posted Date : 01-May-2012 , 06:05:10 pm | Posted By
Niraj Bisht
Source : www.rbi.org.in &nb...
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Category : Banking |
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0 | Hits : 559 |
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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...
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Category : Banking |
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0 | Hits : 1459 |
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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...
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Category : Banking |
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7 | Hits : 1839 |
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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...
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Category : Banking |
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0 | Hits : 1009 |
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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...
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Category : Banking |
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0 | Hits : 975 |
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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 ...
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Category : Banking |
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0 | Hits : 716 |
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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...
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Category : Banking |
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0 | Hits : 2098 |
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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...
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Category : Banking |
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0 | Hits : 769 |
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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...
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Category : Banking |
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0 | Hits : 799 |
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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 ...
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Category : Banking |
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0 | Hits : 745 |
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Micro Finance Institutions (MFIs) cannot charge more than 26 pc interest
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...
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Category : Banking |
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0 | Hits : 1105 |
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