Consumer Protection Act, 2019 – Key Highlights

The new Consumer Protection Act proposes a slew of measures and tightens the existing rules to further safeguard consumer rights. Consumers can cheer as the Consumer Protection Act, 2019 has recently replaced the three-decade old Consumer Protection Act, 1986.

Availability of National Electronic Funds Transfer (NEFT) System on 24×7 basis

With effect from December 16, 2019 RBI has asked banks to Extend NEFT facility 365/24*7 .

“Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”

The Reserve Bank of India today released on its website, “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”. In the Second Bi-monthly Monetary Policy Statement, 2019-20 dated June 06, 2019, it was announced that the Draft Guidelines for ‘on tap’ Licensing of such banks will be issued. Accordingly, the draft guidelines were published on the RBI website on September 13, 2019 inviting comments from the stakeholders and members of the public. Taking into consideration the responses received, the final guidelines have now been issued.

Fifth Bi-monthly Monetary Policy Statement, 2019-20 – Key Highlights

RBI Monetary Policy Highlights: Future repo rate cuts not being ruled out, says Shaktikanta Das. Despite an expectation of 25 bps repo rate cut, MPC maintained status quo on repo rate at 5.15 percent and accommodative stance.

Bank Promotion Study Materials Clerical to Scale I, Scale I-II,III,IV,V and Scale VI – 2019

Dear Friends, We have prepared the Study Materials for Bank Promotion from Clerical to Scale I, Scale I-II & III and from Scale IV, V & VI updated as of 30th November 2019. An additional Reading Book entitled Latest Banking Updates – Banking Promotion (updated as of 30th November 2019) is also prepared and published…

IBPS RRB PO 2019 – Readiness for Interview

Tips and Topics for theIBPS RRB PO 2019 interview. Every Candidate will be judged on the following aspects:
A. Subjective Awareness
B. General Awareness
C. Banking Awareness
D. Communication
E. Confidence
F. Situation Handling

SBI PO result is out — Sense of Satisfaction

Satisfaction is what, when one feels the same from the feeling of joy of his students who suceed in getting Banking Jobs with the support and your guidance.

Public Sector Bank’s are all set to start doorstep banking service

पब्लिक सेक्टर बैंक (PSB) अपने लाखों ग्राहकों के लिए डोरस्टेप बैंकिंग सेवा शुरू करने जा रहे हैं। इस सुविधा का उपयोग कर ग्राहक पैसा डिपोजिट और विड्रॉ दोनों कर सकेंगे।इससे पहले भारतीय स्टेट बैंक (SBI) ने अपने ग्राहकों के लिए डोर-स्टेप बैंकिंग सुविधा शुरू की थी। अब सीनियर सिटीजंस, दिव्यांगों और अन्य स्पेशल लोगों को बैंक नहीं जाना पड़े इसे देखते हुए ये सविधा शुरू की गई थी। इस नई सेवा के तहत लोग घर बैठे ही रुपए के लेन-देन समेत बैंक के तमाम काम कर सकते हैं। इसके लिए ग्राहक को एसबीआई की होम ब्रांच में जाकर अपना रजिस्ट्रेशन करना होता है।

On-tap authorisation: RBI issues guidelines for BBPOU, White Label ATMs

Reserve Bank issued instructions on ‘on tap’ authorisation to entities desirous to function / operate / provide platforms for Bharat Bill Payment Operating Unit (BBPOU); Trade Receivables Discounting System (TReDS); and White Label ATMs (WLAs).