IBPS 2017 Notification CWE PO/MT/Clerk/SO/RRBs Latest Exam Updates Advt including Tentative Calendar of Online CWE-VII for RRBs & PSBs

Tentative Calendar of Online CWE-VII for RRBs & PSBs : Please click on the following link: CWE-VII Tentative Calendar of Examinations 2017_18 Process of RegistrationThe registration process will be through online mode only and there will be a single registration for both Preliminary and Main examination, wherever applicable. IBPS Notification for Andhra Bank and IBPS…

Highlights of Financial Stability Report June 2017

The Reserve Bank of India released the Financial Stability Report (FSR) June 2017, a biannual publication and the 15th in the series. The FSR reflects the overall assessment on the stability of India’s financial system and its resilience to risks emanating from global and domestic factors. The Report also discusses issues relating to development and…

RBI identifies Accounts for Reference by Banks under the Insolvency and Bankruptcy Code (IBC)

The Reserve Bank of India had issued a Press Release on May 22, 2017 outlining the steps taken and those on the anvil pursuant to the promulgation of the Banking Regulation (Amendment) Ordinance, 2017. The Press Release had mentioned inter alia that the RBI would be constituting a Committee comprised majorly of its independent Board…

Reserve Bank announces names of the members of Overseeing Committee

The Reserve Bank has since reconstituted and brought the Overseeing Committee under its aegis. The Overseeing Committee will, for the present, have five members, including a chairman, and will work through multiple benches as may be necessary and constituted by the Chairman to opine on the cases referred to it by the banks. The composition of the…

RBI amends Banking Ombudsman Scheme: Includes Complaints relating to Misselling and Mobile/ Electronic Banking

The Reserve Bank of India has widened the scope of its Banking Ombudsman Scheme 2006, to include, inter alia, deficiencies arising out of sale of insurance/ mutual fund/ other third party investment products by banks. Under the amended Scheme, a customer would also be able to lodge a complaint against the bank for its non-adherence…

Statement on Developmental and Regulatory Policies, Reserve Bank of India

This Statement sets out macro-prudential measures for strengthening the banking regulatory framework and the guidelines with regard to bond issuances overseas. I. Reduction of Statutory Liquidity Ratio (SLR) As per the existing roadmap, commercial banks have to reach the minimum Liquidity Coverage Ratio (LCR) of 100 percent on January 1, 2019. Government securities held by…

Individual Housing Loans: Rationalisation of Risk-Weights and Loan to Value (LTV) Ratios

Individual Housing Loans: Rationalisation of Risk-Weights and Loan to Value (LTV) Ratios Please refer to the Second Bi-monthly Monetary Policy Statement for 2017-18, announced today. 2. As a countercyclical measure, the LTV ratios, risk weights and standard asset provisioning rate for individual housing loans sanctioned on or after the date of this circular shall be…

RBI Monetary Policy review: Key takeaways from the meet

The Reserve Bank of India (RBI) kept the key policy rate unchanged at 6.25 percent at its bi-monthly monetray policy meet. Following are the highlights of second bi-monthly monetary policy for 2017-18 as announced by RBI: * Repo rate unchanged at 6.25% * Reverse repo unchanged at 6% * Statutory Liquidity Ratio cut by 0.5%…

Certain important points for GST

Certain important points for GST noted are : # GST will 100% be implemented on 1.7.17g # Types of taxation in GST IGST : Integrated GST CGST : Central GST which with replacement CST SGST : State GST which will replace VAT # WEF from 1.6.17 : Migration towards enrolment of GST will start till…

Guidelines on Merchant Acquisition for Card Transactions

RBI has permitted Cooperative Banks to issue both offsite and onsite ATM’s and issue Debit cards on their own or through their Sponsored Banks upon meeting certain eligibility criterion set up by RBI. RBI has also permitted all the Cooperative Banks to enter into credit card business on their own or through Co Branded agency…