Reserve Bank has issued Master Direction on Interest Rate in Deposits vide its Direction ” RBI/DBR/2015-16/19Master Direction DBR. Dir. No.84/13.03.00/2015-16 ” dated 3rd March 2016. The said directions spell uniform guidelines for payment of interest rates on various deposits as regards its rates. periodicity, premature withdrawals etc on domestic as well as NRE and FCNR(B) deposits. One…
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…
Dear All,I have today posted a Link from RBI site on Frequently asked Questions about Banking, NBFC’s, Foreign Exchange, Currency, Government Securities Market and Payment Settlement etc. Under Study Materials for IBPS PO/Clerk and Bank Promotion Aspirants. All are requested to follow the said link in order to satisfy their queries on the aforesaid subjects.…
Dear Friends,I have posted Interview Tips for IBPS SO all streams viz, IT, HR, Marketing & Agriculture on Study Materials page. Kindly take note of same as the Interviews are scheduled from 14th March 2016.Follow Link: Interview Tips IBPS-SO
Proposal: Increase the rate of surcharge on income exceeding Rs 1 crore to 15 per cent from 12 per cent.Impact: This will raise the maximum marginal rate of tax to 35.54 per cent from 34.61 per cent on the ‘super-rich.Proposal: Increase limit for tax rebate to Rs 5,000 from Rs 2,000 for resident individuals with a total income…
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
“The RBI has made some amendments to the treatment of certain balance sheet items for the purposes of determining banks’ regulatory capital. The review was carried out with a view to further aligning the definition of regulatory capital with the internationally adopted Basel III capital standards,” it said in a press release on 1st March…
On 25th Feb 2016 RBI has partially modified the Prudential Guidelines on Revitalising Stressed Assets.The excerpts of the Press Release are given below.On a review and based on feedback received from stakeholders, the Reserve Bank of India has partly modified and also clarified, some aspects of its Prudential Guidelines for Revitalising Stressed Assets in the…
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…