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…
Five of the six members of the Monetary Policy Committee (MPC) were of the view that the effect of withdrawal of Rs. 500 and Rs. 1,000 bank notes, as part of the government’s demonetisation drive, on the economy is likely to be transient.
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
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances RBI has been decided to provide an additional 60 days beyond what is applicable for the concerned regulated entity(RE) for recognition of a loan account as substandard
Distinctive Features of Rs. 500/- & Rs. 2000/- Notes
The limit to exchange old notes of Rs 500 and Rs 1000 is Rs 4000 till further review by the RBI and NOT per day as has been misunderstood by some people. The Frequently asked Questions (FAQs) on the RBI website and the notification regarding de-monetisation mention that old notes of Rs 500 and Rs 1000 can be exchanged at bank or post office branches till December 30, 2016 up to a value of Rs 4000 by filling up a form and providing ID proof.
RBI allowed Indian Banks to issue Masala Bonds..
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…