Third Bi-monthly Monetary Policy Statement, 2019-20 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India

India’s Central Bank Reserve Bank of India announced on 6th August the IIIrd Bi-Monthly Monetary Policy wherein they announced an array of conventional and unconventional measures to boost slowing economic growth, including reducing the benchmark interest rate by an irregular 35 basis points (bps), its fourth rate cut this year. The Reserve Bank of India’s six-member rate-setting…

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 July 2019. An additional Reading Book entitled Latest Banking Updates – Banking Promotion (updated as of 24th July 2019) is also prepared. Multiple Choice Question…

SBI PO Main 2019 – Important Topics for Descriptive Essay and Letter Writing

SBI PO Mains is scheduled to be held on the 20th of July, on Sunday. The exam will be conducted in online mode. SBI will conduct Mains PO exam in two tests: 1: Objective Test (Online Mode): This test will consist of four sections with separate timing for each section: S. No. Sections No. of Questions/ Maximum…

SBI PO 2019 & SBI Clerk Notification 2019 Declared

Dear Friends, State Bank Of India (SBI) has released the notification regarding the recruitment of Probationary Officer (PO) 2019 and for the recruitment on the posts of the clerk in its branches all over India. Highlights of the notification here: For Clerks: ONLINE REGISTRATION OF APPLICATION AND PAYMENT OF FEES: 12.04.2019 TO 03.05.2019 Preliminary Examination will be conducted…

IIBF – Re-schedule of JAIIB/DB&F examinations (May-2019) due to Lok Sabha Election.

JAIIB/DB&F examination was scheduled on 5th May, 12th May and 19th May 2019. Due to recent announcement of Lok Sabha election schedule, the examination schedule dated 12th May and 19th May 2019 is coinciding with the election date in 90 Centre/City. Therefore, Institute has decided to reschedule exam date as mentioned below for the those the affected 90…

Highlights of Sixth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India

The six-member Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, which met on 7th February 2019, Thursday cut key policy rate by 25 basis points as falling inflation provided room for policy easing. After the cut, the repo rate stood at 6.25 per cent. Likewise, the reverse repo rate adjusted to 6 per…

The Reserve Bank introduces Ombudsman Scheme for Digital Transactions

As announced in the Monetary Policy Statement of December 5, 2018, the Reserve Bank of India (RBI) launched on 31st January 2019, the Ombudsman Scheme for Digital Transactions (OSDT) vide Notification dated January 31, 2019 for redressal of complaints against System Participants as defined in the said Scheme.  Follow the link for the Scheme: The Ombudsman Scheme for Digital Transactions, 2019…

RBI guidelines on restructuring of advances to MSMEs

Micro, Small and Medium Enterprises (MSMEs) form an important component of the Indian economy and contribute significantly to the country’s GDP, exports, industrial output, employment generation, etc. Considering the importance of MSMEs in the Indian economy, it is considered necessary at this juncture to take certain measures for creating an enabling environment for the sector.…

Important Announcement – INDIAN INSTITUTE OF BANKING & FINANCE

1. DATE OF REGISTRATIONS FOR DIP / CERT EXAMINATION TO BE HELD IN JAN -2019  IS EXTENDED TILL 11TH DECEMBER 2018 WITH REGULER FEES AND TILL 13THDECEMBER-2018 WITH LATE FEES . Candidates are requested to register before the last date to avail the opportunity to appear in JAN-2019 examinations Mumbai, dated 7th December 2018 Joint Director –…

HIGHLIGHTS OF FIFTH BI-MONTHLY MONETARY POLICY 5TH DECEMBER 2018

The Monetary Policy Committee of RBI on 5th December 2018 reviewed the monetary policy and kept the repo rate unchanged at 6.50 per cent in its fifth bi-monthly monetary policy decision of FY19 on Wednesday. The reverse repo rate, also remained unchanged at 6.25 per cent. However, it announced statutory liquidity ratio (SLR) will go down by…