Banking Regulation Act, 1949 – Section 26A Depositor Education and Awareness Fund Scheme, 2014 – Operational Guidelines – Payment of Interest

RBI vide its notification dated 7th June 2018 inform all the Scheduled Commercial Banks (including RRBs), Local Area Banks (LABs), Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks and Small Finance Banks/Payment Banks that wef 1st July 2018 the rate of interest has since been reviewed and it was  decided that the rate of interest payable…

Draft guidelines on Loan System for Delivery of Bank Credit

Banks provide working capital finance by way of cash credit/overdraft, working capital demand loan, purchase/discount of bills, bank guarantee, letter of credit, factoring, etc. Cash credit (CC) is by far the most popular mode of working capital financing. While CC has its benefits, it also poses several regulatory challenges such as perpetual roll overs, transmission…

Banking Promotion Test Study Material – 2018

Dear Friends, We have revised the study Materials for Bank Promotion Tests from Scale I, II, III, IV & V as of 6th June 2018, which covers Current Events Related to Banking, Interview Questions . It will be our endeavor to update the Study Material on a regular basis.The hard copy of the same is available…

Bi-Monthly Monetary Policy Review on June 6th 2018 – Highlights & Key Takeaways

In its Second Bi-Monthly review on 6th June 2018, The Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) voted unanimously to hike the repo rate by 25 basis points. Reserve Bank of India, however, maintained its policy stance at neutral—leaving the door open for more rate hikes, and saw oil prices and higher minimum…

Monetary Policy Review: RBI leaves key rates unchanged

MUMBAI, APRIL 5 RBI’s first monetary policy of FY19: Key takeaways The RBI’s Monetary Policy Committee (MPC) chose to maintain status quo and retain its key policy rate, the repo rate at 6 per cent, in its first bi-monthly meeting for the new fiscal.The 6-member committee voted 5:1 for the decision. Chetan Ghate, Pami Dua, Ravindra…

Common MBA Specializations

Common MBA Specializations An MBA graduate holds responsibility for the efficient functioning of an institute. Every year several MBA aspirants appear for the CAT exam and other MBA entrance exams to pursue MBA course and hone their skills in various specialization. An MBA graduate more often possesses his expertise in different parts of the business…

Sense of Self Satisfaction

A sense of self satisfaction when someone succeeds. “Feedback from one of the participants at Mahendra Education pvt ltd .. Heartening to learn the success of our students.. Congratulations dear…” [2/24, 11:43 AM] ‪+91 80851 44652‬: Hello sir[2/24, 11:43 AM] ‪+91 80851 44652‬: Gm[2/24, 11:43 AM] ‪+91 80851 44652‬: I meet you at Mahendra Bhopal…

Sixth Bi-Monthly Policy – Key Takeaways

Key takeaways from RBI’s February 2018 Monetary Policy Meet The Reserve Bank of India (RBI) on Wednesday kept the benchmark repo rate at 6 percent and raised inflation forecast in its monetary policy Here are key takeaways from the meet – Global economic activity gained further pace since last monetary policy. Economic optimism, falling unemployment…

Bank Promotion Process in various Banks – 2018

Dear Friends, Promotion Process is starting in different Banks for all the Scales. It is important that promotion has to be accompanied with Knowledge Base and the deserving Performing Candidates should get the Promotion so that Performance accompanied with Job Knowledge should transform into Profitability for your Organisation, particularly in view of the present adverse…