Talking of NPAs or toxic assets in the context of Indian banks , this should be an interesting read…………The total amount of bad loans in India’s banks is bigger than the GDP of 112 countries.India’s burden of bad loans is truly gigantic.An analyst from India Ratings and Research, a credit ratings agency and a unit…
ECS will be replaced with NACH from 01/04/2016. Kindly ensure that all ECS payment to be made through till 31/03/2016.NACH stands for National Automated Clearing House.National Payments Corporation of India (NPCI) has implemented “National Automated Clearing House (NACH)” for Banks, Financial Institutions, Corporates and Government a web based solution to facilitate interbank, high volume, electronic…
MUMBAI: The Reserve Bank of India said on Tuesday it would ease rules on what lenders can count towards their core capital requirements under upcoming Basel III rules, in moves intended to ease pressure on the cash-constrained sector. Read more at: http://economictimes.indiatimes.com/articleshow/51211967.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Additional Reading Material for Module A and Module D Considering the growing significance of RRBs in pursuit of financial inclusion agenda, RBI decided to revise the priority sector guidelines for RRBs. Accordingly, the comprehensive revised guidelines on Priority Sector Lending – Targets and Classification for Regional Rural Banks were published by RBI. The revised guidelines will…
The Reserve Bank of India has addressed the liquidity issues of commercial banks by easing the regulations on the liquidity coverage ratio. On 11th Feb 2016 it allowed banks to qualify 10% of SLR bonds as Liquidity Coverage Ratio (LCR) from 7% earlier, a requirement mandated under the Basel-III accounting norms from their Statutory Liquidity Ratio…
Friends nowadays we are going for Home Loans more so to have our own dwelling and also to avail of Income Tax reliefs/rebates under 80C. The interest rates are variable and are subjected to change as and when RBI announces the Bimonthly review of Monitory Policy and Credit Policy and insists on the Banks to pass…
Depreciation v/s Devaluation: Depreciation and Devaluation are two different economic terms that actually deals with the country’s currency value. Both currency depreciation and currency devaluation end up with a currency that is worth less than it previously was in comparison to the currencies of other countries. Depreciation Depreciation of the currency happens when the country…
Welcome to the Career Heights site. This site is dedicated to the Banking Professionals both in Banking services and for those who are choosing Banking as their profession in future. We are trying to post information, Interview Tips, latest financial news as well as course syllabus both for fresher’s and the Banking Professionals seeking Promotions and…