Highlights of Fourth Bi-Monthly Monetary Policy Review on 5th October 2018

The Reserve Bank of India has decided to keep the repo rate unchanged at 6.5 per cent.  The decision was taken at the fourth bi-monthly monetary policy committee meeting led by RBI Governor Urjit Patel on October 5, amidst market expectations of further tightening by the central bank. Consequently, the reverse repo rate under the…

आयुष्मान भारत योजना(AYUSHMAN BHARAT YOJANA) या प्रधानमंत्री जन आरोग्य योजना (PRADHAN MANTRI JAN AROGYA YOJANA )

आयुष्मान भारत योजना(AYUSHMAN BHARAT YOJANA) या प्रधानमंत्री जन आरोग्य योजना (PRADHAN MANTRI JAN AROGYA YOJANA ) क्या है ? ————————————————————————————————– १.यह गरीबों के लिए 5 लाख का सालाना पूरे परिवार के लिए स्वास्थ्य बीमा है | २.इस योजना से 50 करोड़ (करीब 40% आबादी ) लोगो को फायदा पहुचाने का सरकार का उद्देश्य है| ३.इस…

What needs to be linked & what not after Supreme Court’s verdict on Adhaar

The Supreme Court has made Aadhaar mandatory for welfare schemes excluding those for kids. The biometric ID is not needed for mobile numbers and bank accounts.The Supreme Court on Wednesday 26th September 2018 brought out the list of services for which biometric ID Aadhaar needs to be mandatorily linked, and the ones for which it…

FIRMS (Foreign Investment Reporting and Management System)

1. Introduction 1.1 The Reserve Bank, in the First Bi-monthly Monetary Policy Review dated April 5, 2018 announced that, with the objective of integrating the extant reporting structures of various types of foreign investment in India, it will introduce a Single Master Form (SMF) subsuming all the existing reports. 1.2 In order to implement this announcement, the…

Financial Stability Report(FSR) – RBI – As of June 2018

Introduction: RBI released on 26th June 2018 Financial Stability Report as of June 2018, which is 17th in the series. The FSR reflects the overall assessment of the stability of India’s financial system and its resilience to risks emanating from global and domestic factors. Highlights of FSR: NPA – RBI report warns that the gross non-performing assets (GNPAs)…

SBI PO & Bank of Baroda GD & Interview 2018 – Tips & Interview Experience

Dear Friends,  We have today uploaded on the website the GD & Interview Experiences of some of the Participants who have appeared for Bank of Baroda PO, GD & Interview commenced on 10th September and SBI PO GD & Interview commenced on 24th September 2018. It will be our endeavour to update the same as…

Bank Promotions – Latest Banking Updates (As on 31.08.2018)

Dear Friends, This booklet entitled ” Latest Banking Updates – Bank Promotions(as of 31.08.2018) has been prepared with an intention to provide ‘Latest Developments in Banking and Financial Sector’ for the enrichment of Bank’s Staff, the Banking knowledge and Banking Developments taking place in present day scenario, when the entire Banking Industry is facing heavy Turbulence…

Bank of Baroda, Vijaya Bank and Dena Bank to be merged

The government has announced that Bank Of Baroda, Vijaya Bank and Dena Bank will be merged into a single bank which will become India’s third largest bank. The move follows top lender State Bank of India last year merging with itself five of its subsidiary banks and taking over Bharatiya Mahila Bank, a niche state-run…

The Fugitive Offenders Bill 2018

The Fugitive Offenders Bill 2018 was introduced on March 12, 2018. It was passed by Lok Sabha on July 19, 2018 & then by Rajya Sabha on July 25, 2018. It will come into effect from the date President accords his assent.   Rationale behind the Fugitive Offender’s Bill – After the recent financial frauds…

Project Sashakt: 5 prong strategy on stressed asset resolution

Finance Minister Piyush Goyal unveiled ‘Project Sashakt’, a five-prong strategy to deal with non-performing assets. Sashakt aims to strengthen the credit capacity, credit culture and credit portfolio of public sector banks. What is Project Sashakt? Project Sashakt was proposed by a panel led by PNB chairman Sunil Mehta.  The Five-Prong Approach is as under:- 1. Outlining SME Resolution approach for…