Posted Date : 29-Apr-2016 , 04:11:26 pm | Posted By CP JAIN

Currently hottest topic in Banking industry is NPA.  Lot of discussions are going on about why this happened, How this happened and What should be further course of Action. One thing is crystal clear that the Banking sector in India is passing thru a very crucial phase and need to do a lot to...

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Category : Banking | Comments : 0 | Hits : 929

Posted Date : 03-Mar-2016 , 12:35:45 pm | Posted By Darshan Jain

SOME IMPORTANT FACTS – CONCEPTS – AUDIT PROCEDURE IN BANKING Executive Summary: - Banking sector is the backbone of the economy. But now a days it is a major weak sector. What would be the probable reason for the same, i wanted to highlight the same. Since the weakness is in whole secto...

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Category : Banking | Comments : 0 | Hits : 1241

Posted Date : 03-Feb-2016 , 05:52:55 pm | Posted By RATHI

                                                               NEGATIVE INTEREST RATES What is Negative Interest Rates ? Recently Bank...

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Category : Banking | Comments : 1 | Hits : 1352

Posted Date : 05-Jan-2016 , 11:08:14 pm | Posted By Sumat Singhal

STRATEGIC DEBT RESTRUCTURING- AN INTRODUCTION Sumat Singhal  (B.Com, CAIIB, DTIRM,ACA,ACS,CWA(F) 1. PREAMBLE: The concept of Strategic Debt Restructuring ("SDR") has been introduced by the Reserve Bank of India (the "RBI") in the SDR Scheme (the "Scheme") to hel...

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Category : Banking | Comments : 0 | Hits : 937

Posted Date : 05-Jan-2016 , 11:07:45 pm | Posted By Sumat Singhal

Computation of Base Rate based on Marginal Cost of Funds   Sumat Singhal  (B.Com, CAIIB, DTIRM,ACA,ACS,CWA(F)   The Reserve Bank vide its circular DBOD.No.Dir.BC88/13.03.0/2009-10 dated April 9, 2010 introduced the Base Rate system with effect from July 1, 2010, which replaced the ...

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Category : Banking | Comments : 0 | Hits : 847

Posted Date : 16-Sep-2015 , 01:30:25 pm | Posted By Satish C. Badve

Measures for Reduction in level of NPA of PSB. Hon. Finance Minister has recently in news saying the present level of NPA in the PSB are not acceptable.   The PSB as well as the Finance Ministry is concerned about the increase in level of NPA in recent years. E...

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Category : Banking | Comments : 0 | Hits : 803

Posted Date : 09-Jul-2015 , 07:31:49 am | Posted By Vimmi

Have you left behind a trail of unused savings bank accounts when you changed jobs? Many individuals don’t close bank accounts that they no longer need. Here is what happens if you don’t close your savings or current accounts and why you need to keep a track. INACTIVE AND DORMANT ACCO...

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Category : Banking | Comments : 0 | Hits : 1357

Posted Date : 01-Feb-2015 , 03:08:51 pm | Posted By Jatin Kumar

The World Bank had been trying to set up re development banks and some regional banks have been established for developing countries in Latin America, Africa and Asia. The Asian Development Bank popularly known as the ADB, was set up in 22nd August 1966.   It is a multinational regional devel...

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Category : Banking | Comments : 0 | Hits : 549

Posted Date : 20-Nov-2014 , 02:08:38 pm | Posted By MD TASLEEM AHMAD KARIMI

                                Pradhan Mantri Jan - Dhan Yojana : On Track or Derailed.     “Pradhan Mantri Jan - Dhan Yojana&...

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Category : Banking | Comments : 0 | Hits : 828

Posted Date : 29-Oct-2014 , 12:28:31 pm | Posted By RATHI

Classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM) The RBI, vide its’ Circular UBD.CO.LS.(PCB).Cir.No.24/07.01.000/2013-14 dated October 1,fifa 15 ps3 coins 2013 had laid out the criteria for FSWM Banks.  Modifying its earlier instructions, v...

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Category : Banking | Comments : 0 | Hits : 2515

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...

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Category : Banking | Comments : 0 | Hits : 862

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...

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Category : Banking | Comments : 1 | Hits : 1025

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...

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Category : Banking | Comments : 0 | Hits : 766

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 ...

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Category : Banking | Comments : 1 | Hits : 1864

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...

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Category : Banking | Comments : 0 | Hits : 591

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...

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Category : Banking | Comments : 1 | Hits : 983

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...

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Category : Banking | Comments : 0 | Hits : 672

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...

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Category : Banking | Comments : 0 | Hits : 1070

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...

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Category : Banking | Comments : 0 | Hits : 1378

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...

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Category : Banking | Comments : 0 | Hits : 1204