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.…

Awareness About Union Bank of India

Dear Friends, At this juncture when Union Bank of India is celebrating its Centenary New Year and Bank Promotions are in process I feel delighted to present the Book entitled Awareness about Union Bank of India. This book contains awareness about Union Bank of India startiting from its History, Vision, Mission, Organisational Structure, various Joint…

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…

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…