Banking Promotion Test Study Material – 2018

Dear Friends, We have revised the study Materials for Bank Promotion Tests from Scale I, II, III, IV & V as of 6th June 2018, which covers Current Events Related to Banking, Interview Questions . It will be our endeavor to update the Study Material on a regular basis.The hard copy of the same is available…

IBPS Mock Interview Preparation

Dear Friends,Now with the Interview Call Letters out for RRB PO the time has come for preparation for the Interview. Hence we as a Team are here for grooming the interested candidates aspiring for RRB PO positions in the Bank. Our team consists of seasoned Senior Level Bankers from different Banks. They also have the…

COMMON RECRUITMENT PROCESS FOR PARTICIPATING ORGANIZATIONS/PUBLIC SECTOR BANKS – FREQUENTLY ASKED QUESTIONS (FAQs)

There are various queries from candidates in connection with Common Recruitment Process. We give below the link from IBPS website for the various queries raised.IBPS  has compiled repeated similar queries received from candidates along with their responses to upload on the official website of IBPS for information and benefit of all concerned. Most of the queries are raised…

Dealing with Disciplinary Action

Dear Friends,As of Today we know that many of our Banker Fellows are facing problems on account of being issued with the Charge Sheet. They are unaware of the Disciplinary Processes involved. Hence Banker’s Helpline have issued a very comprehensive Booklet on Disciplinary Matters for Bank Officers. We  have uploaded the same on our website…

Rs 200 note launched: Here’s a brief history of Indian bills post Independence

The Reserve Bank of India issued on August 25, 2017 ₹ 200 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India from select RBI offices, and some banks. Modern paper currency in India traces its origins to the late 18th century when private and…

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…

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002- Section 3 (1) (b) – Requirement of Net Owned Fund (NOF) for Asset Reconstruction Companies

RBI Notification DNBR (PD-ARC) No. 05/ED(SS)-2017 dated April 28, 2017In exercise of the powers conferred by clause (b) of sub-section (1) of section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Reserve Bank of India hereby specifies that the Net Owned Fund (NOF) for Asset Reconstruction Companies…

Bitcoin – A New Payment System – Essentially a Digital Money

WHAT IS BITCOIN?Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be…

Factors and Policy affecting Bankers

A good and informative article shared from my friend Shri Arvind Mannur’s post:MAJOR POLICIES THAT AFFECT BANKS:All the major policy matters decide the destiny of banks. Look at the following:1. MONETARY POLICY decides the volume of business growth, interest rates on deposits & lending, and all other prudential regulations.2. FISCAL POLICY decides the tax matters…

Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on December 05, 2016)

Dear friends , I have placed the updated details of FAQ’s on Withdrawal of Legal Tender Character of Old Bank Notes (SBN). Please click on the following links for the same: FAQ’s Updated as of 5th Dec 2016