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…

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…

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…