Fundamental of Financial planning. 1. 30 % of your income must be used for monthly living expenses. 2. 30% of your income must be used for Liabilities repayments 3. 30% of your income must be SAVED for your future LIVING. 4. 10% of your income must be spared for entertainments, vacations……….. 5. 6 moth monthly…
Keeping in view the change in demographic profile of the staff in banks on account of retirement leading to shortage of staff to conduct internal audit which is an important component of Risk Based Supervision (RBS), RBI has decided to permit banks to engage the services of its retired officials for assisting in internal audit…
Some interesting facts every Bankers should know.1. 10₹ के सिक्के को बनाने में 6.10₹ की लागत आती हैं. 2. नोटो पर सीरियल नंबर इसलिए डाला जाता हैं ताकि आरबीआई(RBI) को पता चलता रहे कि इस समय मार्केट में कितनी करंसी हैं। 3. रूपया भारत के अलावा इंडोनेशिया, मॉरीशस, नेपाल, पाकिस्तान और श्रीलंका की भी करंसी…
RBI has on August 1, 2016 released “Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector”.On Tap Licensing is one of the Reforms brought in by the RBI Governor Shri Raghuram Rajan which means Continuous Banking i.e. Now bank licensing process will no longer be a once-in-a-decade affair. It will be an…
1. Bankers need skill to perform the daily work. Time now ripe to teach them Knowledge. Future banking is knowledge-driven. 2. Inter-linkages in bank functioning needs to be taught. Officers should be able to understand the entire balance sheet management of the Bank in a holistic manner. 3. Inter-linkages in various functioning of banks should…
RBI’s MONETARY POLICY COMMITTEE : GOVERNOR’S ROLE REDUCED. 1. The Government has notified the formation of ” Monetary Policy Committee” (MPC) under the RBI. This committee will take decision on interest rate or Repo rate in a transparent manner in future. 2. MPC will bring significant changes in the power of the RBI Governor. 3.…
JAIIB – Banking Function – Module B CAIIB- Balance Sheet Management – Module D
SIGNIFICANT PARAMATERS TO SHOW HOW STRONG A BANK IS SIGNIFICANT PARAMATERS TO SHOW HOW STRONG A BANK IS Net Interest Income There is no such thing as turnover or sales for banks. Instead, net interest margin is an indicator of bank’s performance; it is the difference between the income earned on lending and interest spent…
What is Negative Interest Rate?DEFINITION of ‘Negative Interest Rate Policy (NIRP)’ A negative interest rate policy (NIRP) is an unconventional monetary policy tool whereby nominal target interest rates are set with a negative value, below the theoretical lower bound of zero percent.A negative interest rate means the Central Bank and perhaps private banks will charge…
PNB reports Q4 loss of Rs 5,370 crore, biggest in Indian banking history. Next to follow suit is Bank of Baroda, Syndicate Bank, UCO Bank and Central Bank. Many more PSU Banks are incurring losses in Q-4, except Union Bank of India which is the only Bank to post Profit of Rs. 97 Crores. Reasons for…