Bank Promotions – Latest Banking Updates (As on 31.05.2020)

Dear Friends, 

This booklet entitled " Latest Banking Updates - Bank Promotions (Updated as of 31.05.2020)" 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 in the form of huge NPA and mounting losses. Most of the Banks registered loss in the March 2018 with Punjab National Bank leading the list of Loss Making Banks, and only two PSB viz. Indian Bank and Vijay Bank have registered profit.

The Consolidation of SBI and its associate Banks into SBI, Amalgation of BOB, Dena Bank and Vijay Bank into BOB and further Mega Merger of 10 PSB's into 4 PSB's has reduced the Nationalised Bank's from 27 to 12 PSB's as of today. 

The situation has been further aggravated with the COVID 19 pandemic. The Domestic as well as Global Economy has been adversely affected. RBI has estimated that GDP growth in 2020-21 to remain in negative territory, with some pick-up in growth impulses from H2: 2020-21 onwards. The Banks have to face several challenges in the declining Economy and the various Economic and Relief Measures announced both by the Govt. and RBI as COVID 19 relief Packages. There is greater emphasis on increasing credit Growth.

Banks are the Back-bone of any Economy.
Banks are at the core of any economic system whether developed or developing.
-Essentially, a technologically advanced, transparent and efficient banking system is the need of the hour for the growing economy like India.
-In order to achieve the goal of faster and inclusive growth, it is high time the government and banking industry undertake a comprehensive relook into the existing policies and structures.

Status of Banking Sector at a glance
The Indian banking system consists of 12 public sector banks including State Bank of India & IDBI, 40 private sector banks including LAB, Small Finance Bank & Payment Banks and the recent India Post Payment Bank launched on 1st September 2018, 45 Foreign Banks, 56 regional rural banks, 31 State Cooperative Banks,1548 urban cooperative banks and 93913 rural cooperative banks.

  • Rising Rural Penetration:
  • As of June 2017, 56 regional rural banks are functioning in the country.
  • RBI has allowed, regional rural banks with net worth of at least US$ 15.28 million to launch internet banking facilities.
  • As of February 2017, Airtel payments bank opens over 1 lac accounts in UP, of which 60 per cent have been opened in rural areas.
  • Indian Banks have successfully adopted the Basel II norms of international banking supervision and as per the Reserve Bank of India (RBI) majority of the banks have already met Basel III capital norms prior to its deadline of 31 March 2019.

Indian Banking has undergone several changes during the last 20 years or so from traditional banking to Universal Banking and Technology Banking. 

Crisis in Management

Retirement of Public-sector banks employees was in large number during these days. So, younger employees are replacing the elder, more-experienced employees.
As a result there was a virtual vacuum at the middle and senior level. The absence of middle management could lead to adverse impact on banks' decision making process. This younger generation has to learn a lot and equip themselves with the required skills for improving overall efficiency with decreased operation costs.
It is therefore important for the front office staff and fresher’s as well as younger generation to equip themselves with skills by acquiring Banking Knowledge and be ready to learn day-to-day Banking practically.

Our attempt is to provide 'Latest Developments in Banking and Financial Sector' along with the Global Trade War Impact on Indian Economy and the Rupee Depreciation etc.

The following Topics are covered in the Booklet:

S.No.TopicsPage No.
1Important Speeches by RBI Governors & Dy- Governors3-174
2Annual Report of the Banking Ombudsman Scheme 2006175
3Currency Swap Arrangement for SAARC countries for 2019-2020176
4Slippery Slope – Rupee Depreciation details177-186
5Crude Price Shock on India’s Current Account Deficit, Inflation & Fiscal Deficit187-204
7Present Banking Scenario & Challenges206-212
8RBI’s Financial Stability Report Dec 2019 & June 2019213-215
9Swiss Challenge Method of Recovery216-217
10RBI Announces the opening of First Cohort under Regulatory Sandbox & Enabling Framework for Regulatory Sandbox218-220
11Statement on Developmental and Regulatory Policies221-234
12On Tap Authorisation: RBI Guidelines for BBPOU,White Label ATM235-236
13RBI shifts its focus to liquidity management - RBI promises to analyse liquidity management237
14Global Trade War – Winners & Losers in US China Trade War238-253
15Latest Banking Policies & Banking Developments-1(As of April 2019)254-263
16KCC 264-268
17Priority Sector Lending Updates & PSL Schemes269-280
18Acceptance of Coins – RBI Guidelines280-281
20New Update on CGTMSE, CHAMPIONS & Project Shashakt283-286
21Fujitive Offender’s Bill 2018286-288
22MUDRA Scheme288-291
23Govt. Schemes291-293
25Evolution of Money, Money & Inflation & Guidelines for Senior Citizens295-301
26Important Banking Terms for Interview & Exams & Important Acts302-316
27SUPPLEMENT TO LATEST DEVELOPMENTS (Includes US-China Trade War developments, Rising Gold Prices, Acceptance of Bimal Jalan Committee recommendations to transfer Surplus to Govt., Statement of Developmentary & Regulatory Policies)317-336
28Latest Banking Policies & Banking Developments-2 (as per IIBF) Upto May 20337-357
29EASE 1. 2 & 3358-373
30All you want to know about Yes Bank, PMC Bank & IL&FS Crisis374-385
31Merger of 10 PSB into 4 Approved by Cabinet385-387
32Supreme Court lifts Ban on Crypto currency & Sandbox Insurance388-390
33Bi-Monthly Monetary Policy Statements Highlights & Key Takeaways390-400
34RBI Monthly Bulletin May 20 & RBI Report on Trend & Progress of Banking in India18-19400-403
35Union Budget 2020 – Highlights403-412
36LTRO’s & FAQ412-417
37Merchant Acquiring Business- RRB, Incentivising Bank Credit to Specific Sector417-421
38RBI’s new Debit & Credit Card Rules & Amendments to MD on KYC421-426
39Primary(Urban) Cooperative Bank – Supervisory Action Framework & Cyber Security 426-429
40MANI App, Large Exposure reporting to CRILC-UCB, New Semi Closed PPI, Operation Twist429-434

Wishing You all the Best.

For the Latest Banking Updates as of May 2020 you may contact the undersigned on my Contact no. 9993170274 and Email id:

Please click on the following link to view the Previous Booklet in PDF format:Latest Banking Updates - As of 31.08.2018

Rakesh Khare


  1. Sunil September 21, 2018 at 7:24 pm

    31 Sbi LCPC ,Mahal industrial estate mahakali caves road ,near Paper Box, ANDHERI E MUMBAI

    • admin September 24, 2018 at 7:48 pm

      Dear Mr Sunil, You have mentioned the details of your Branch Address, But you have not mentioned what do you expect from us or submit your feedback on the webpage itself. Please if you wish you may send to me a email on my email id: mentioning about your requirements and the syllabus for which scale is required by you.

    • admin November 22, 2018 at 3:02 pm

      I await your response to my reply dt. 24.09.18

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.