Union Budget 2016: Highlights

Highlights of the budget 2016.* Amidst global headwinds, the Indian economy has held its own * Infaltion has come down even though there was a fall in monsoons * Foreign exchange reserves are at highest ever level * CPI inflation has declined to 5.4% * The growth of GDP has accelerated to 7.6% * Government…

RBI partially modifies/clarifies Prudential Guidelines on Revitalising Stressed Assets in the Economy

RBI partially modifies/clarifies Prudential Guidelines on Revitalising Stressed Assets in the EconomyOn 25th Feb 2016 RBI has partially modified the Prudential Guidelines on Revitalising Stressed Assets.The excerpts of the Press Release are given below. On a review and based on feedback received from stakeholders, the Reserve Bank of India has partly modified and also clarified,…

Regional Rural Banks – Priority Sector Lending – Targets and Classification

Additional Reading Material for Module A and Module DAdditional Reading Material for Module A and Module D Regional Rural Banks – Priority Sector Lending – Targets and ClassificationConsidering the growing significance of RRBs in pursuit of financial inclusion agenda, RBI decided to revise the priority sector guidelines for RRBs. Accordingly, the comprehensive revised guidelines on Priority…

Benefits of SIP

Benefits of SIP What is SIP ?Systematic Investment Plan (SIP) is an investment vehicle offered by mutual funds to investors, allowing them to invest using small periodically amounts instead of lump sums. The frequency of investment is usually weekly, monthly or quarterly.   Benefits of SIP1. Easy Investment.     You can start a SIP in just 5002. SIP can deliver the power…

Due Diligence for Motor Vehicles – SMS based facility

Bankers and Public in general should make a due diligence of the vehicles by following method also in case of post sanction of new  vehicles and second hand purchase of vehicles. Government of India under Vahan Sewa ( National Register e- service of Registered Vehicle) has launched a SMS based facility, where in one can get…

Digital Payments Pick-up in India.

In a study conducted jointly by PwC and Retailers Association of India, the percentage of shopping undertaken using a debit card is higher in India than the global average and China. Digital payment has picked up in India with debit cards overtaking cash as the most preferred mode of payment. Mobile devices have evolved as…

Tentative Calendar of Examinations for CWE-VI for Participating Organizations.

IMPORTANT NOTIFICATION PSBs – CWE PO/MT-VI and CWE CLERK-VI    The tentative dates are as follows : CWE PO/MT-VI   Preliminary Examination 16.10.2016, 22.10.2016 & 23.10.2016   Main Examination 20.11.2016     CWE CLERK-VI   Preliminary Examination 26.11.2016, 27.11.2016, 03.12.2016 & 04.12.2016   Main Examination 31.12.2016 & 01.01.2017   (2) PSBs – CWE SPECIALIST-VI There…

Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards

The Reserve Bank of India has addressed the liquidity issues of commercial banks by easing the regulations on the liquidity coverage ratio. On 11th Feb 2016 it allowed banks to qualify 10% of SLR bonds as Liquidity Coverage Ratio (LCR) from 7% earlier, a requirement mandated under the Basel-III accounting norms from their Statutory Liquidity Ratio…

Pros & Cons of fixed and floating interest rate home loans

Friends nowadays we are going for Home Loans more so to have our own dwelling and also to avail of Income Tax reliefs/rebates under 80C. The interest rates are variable and are subjected to change as and when RBI announces the Bimonthly review of Monitory Policy and Credit Policy and insists on the Banks to pass…

Dosa Economics – By Dr. Raghuram Rajan – Governor RBI

What is ‘ DOSA ECONOMICS” ? 1. Reserve Bank Governor Raghuram Rajan has coined a new terminology called, ” DOSA ECONOMICS ” to indicate that “low deposit rates coupled with low inflation” is better than “high rates with high prices.” 2. RBI Governor says ” Pensioners are better-off in the regime of falling inflation. The…