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…

Draft guidelines on Loan System for Delivery of Bank Credit

Banks provide working capital finance by way of cash credit/overdraft, working capital demand loan, purchase/discount of bills, bank guarantee, letter of credit, factoring, etc. Cash credit (CC) is by far the most popular mode of working capital financing. While CC has its benefits, it also poses several regulatory challenges such as perpetual roll overs, transmission…

NPA recovery: ‘Banks’ internal processes not in sync with external environment’

Internal processes in banks have still not caught up with the changes in the external environment relating to the recovery of non-performing loans

Bank loans worth ₹5-lakh cr turned into NPAs in FY18: Crisil


As much as ₹5-lakh crore of bank loans deteriorated into the non-performing asset (NPA) category in fiscal 2018, according to credit rating agency Crisil.

But the tide seems to be turning, given the sharp reduction in SMA (special mention account)-2 cases and better NPA recovery prospects, it added. An SMA-2 account is a stressed account where the principal or interest payment or any other amount, wholly or partly, is overdue between 61 and 90 days.

Crisil said the total slippages in the past three fiscals amounted to ₹13.6-lakh crore.

It assessed that about a fifth of the slippages last fiscal (FY2018) was due to the withdrawal of various structuring schemes by the RBI in February 2018 after the Insolvency and Bankruptcy Code (IBC) process came into force.
As a result, gross NPAs increased to about ₹10.3-lakh crore, or about 11.2 per cent of advances, as on March 31, 2018, compared with ₹8-lakh crore, or about 9.5 per cent of advances, as on March 31, 2017.

Sixth Bi-Monthly Policy – Key Takeaways

Key takeaways from RBI’s February 2018 Monetary Policy Meet The Reserve Bank of India (RBI) on Wednesday kept the benchmark repo rate at 6 percent and raised inflation forecast in its monetary policy Here are key takeaways from the meet – Global economic activity gained further pace since last monetary policy. Economic optimism, falling unemployment…

Bank Promotion Process in various Banks – 2018

Dear Friends, Promotion Process is starting in different Banks for all the Scales. It is important that promotion has to be accompanied with Knowledge Base and the deserving Performing Candidates should get the Promotion so that Performance accompanied with Job Knowledge should transform into Profitability for your Organisation, particularly in view of the present adverse…

Wilful defaulters form 14% of PSB bad loans

Around 14% of the bad loans in public sector banks (PSBs) are due to wilful defaulters. The total gross non-performing assets (NPAs) of 21 PSBs stood at Rs 7.33 lakh crore as on September 30, 2017. Of this, Rs 1.01 lakh crore of loans were termed as those in wilful default.

Gross NPAs of banks cross Rs 8.50 lakh crore in first half: MoS

NEW DELHI: Gross Non-performing Assets (NPAs) of banks crossed Rs 8.50 lakh crore at the end of September 2017, Minister of State for Finance Shiv Pratap Shukla informed the Lok Sabha.