Credit Flow to Agriculture- Collateral free agricultural loans

With  reference to paragraph 13 of the Statement on Development and Regulatory Policies of the Sixth Bi-Monthly Monetary Policy Statement for 2018-19 released on February 7, 2019 RBI has vide notification dated 7th February 2019 informed all the Scheduled Commercial Banks including RRB & SFB’s to raise the limit for collateral free agriculture loans to Rs. 1.6 lakh thereby…

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 removes Three Banks Bank of India, Bank of Maharashtra & Oriental Bank of Commerce out of PCA Framework

On a review of the performance of Public Sector Banks (PSBs) currently under the Prompt Corrective Action Framework (PCAF), it was noted that a few banks are not in breach of the PCA parameters as per their published results for the quarter ending December 2018, except Return on Assets (RoA). However, though the RoA continues…

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…

What needs to be linked & what not after Supreme Court’s verdict on Adhaar

The Supreme Court has made Aadhaar mandatory for welfare schemes excluding those for kids. The biometric ID is not needed for mobile numbers and bank accounts.The Supreme Court on Wednesday 26th September 2018 brought out the list of services for which biometric ID Aadhaar needs to be mandatorily linked, and the ones for which it…

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…