Quizzes help us to test our knowledge and memory. Hence taking quizzes is a very important tool to sharpen our memory and helpful for various competitive examinations like bank exams, SSC, PCS, CGL etc. No. of Questions: upto 20 Time limit: 300 Seconds
Share Market Quiz-2 (Multiple Choice Questions of Share Market)- Share market MCQ Read More »
Every person wants to make the best decision but every person may have a different risk attitude and our risk attitude play a major role in our decision making. On the basis of risk attitude, people can be divided into the following three categories:- Risk-Averse person:- A person who does not like to take the
Investment is a good habit to make our future more independent. Keeping some part of our money to get more money in the future is called investment. In today’s economy, there are various investment options available to us like:- Saving bank account Fixed Deposit in Bank Recurring Deposit in bank Fixed Deposit of Corporate Government
Taxability of Mutual Fund: Is your mutual fund taxable or exempt? Read More »
Have you done financial planning for 2019-20 before the deadline 31st March 2020/30th July 2020/30th September 2020 – Check out what you missed and what are relief measures provided by FM in view of Covid19 (Coronavirus) Outbreak? Financial year 2019-20 is reaching to its ends in few weeks. 31st March is an important deadline with
Financial year 2017-18 is reaching to its ends in few weeks. 31st March is an important deadline with reference to tax Planning, missing it may result in higher tax liability. We are required to complete our tax planning before 31st march 2018, as we are required to file Income tax return for FY 2017-18 during
Current market share of public sector banks is 70% which is reducing very rapidly i.e. approximately 4% a year. After 5 year, Estimated the market share of public and private sector bank will be in the ratio of 50:50. Infosys chairman Nandan Nilekani said that market share of public sector bank may reduce to something
Is it right time for the privatisation or consolidation of public sector banks? Read More »
After recent scam of 12646 crores in PNB done through fraudulent issuance of letter of undertaking (LOU) , RBI have to take necessary steps to prevent such fraud in future. Market share of public sector bank is 70%, But after scam of 12646 crores in PNB the shares of public sector banks have lost their
Fraud prone Indian Banking & RBI: Recent Steps to strengthen Banking. Read More »
Some Updates about PNB fraud case of Rs. Rs.12700 crore:- Axis Bank’s MD, Shikha Sharma and ICICI Bank’s MD Chanda Kochhar along with some senior officer of 31 banks summoned by Serious Fraud Investigation Office (SFIO) for questioning regarding extension of loans to Gitanjali Groups. Central Bureau of Investigation (CBI) has registered two cases in
Updates about PNB Fraud case of Rs. 12700 crore. Read More »
To manage additional demand of liquidity, RBI decided to Infuse Rupees 1 lakh crore in the banking system through special auctions in the month of March i.e. before close of the financial year 17-18. RBI decided to conduct four variable-rate term repo auctions in March 2018. The amount in each auction would be Rs 25000
RBI to Infuse Rs. 1 Lakh crore in the banking system in the month of March Read More »
Today on 1st march 2018, SBI increased the one-year MCLR by 20 basis points (bps) from 7.95% to 8.15%. And ICICI Bank also increased the one-year MCLR from 8.2% to 8.3% and overnight MCLR rate from 7.8% to 7.95%. This decision of increasing MCLR is taken just one day after increasing the deposit rate by
SBI & ICICI increased MCLR on 1st March 2018 Read More »
RBI announced Priority Sector Lending Targets for FY 2018-19 for Foreign Banks with 20 or more Branches in notification dated 1st march 2018. As per RBI notification, Lending target are:- Sub-target of 8% of ANBC (Adjusted Net Bank Credit) or CEOBE (Credit equivalent Amount of Off-Balance Sheet Exposure), whichever is higher to small and marginal
Today on 28-2-2018, State Bank of India (SBI) increased retail deposit rates by 10 to 50 basis points across various maturity baskets. It may also be followed by other banks. With effect from 28th February 2018 the revised interest rate on retail domestic term deposit below Rupees 1 crore is as follows: 7- 45-day :
SBI increased Interest Rate for Domestic Term Deposits. Read More »
RBI revised limit of “exchange traded currency derivatives” without having to establish underlying exposure for resident in India and FPI.Currently, persons resident in India and FPIs are allowed position in USD-INR upto USD 15 million per exchange and positions in EUR-INR, GBP-INR and JPY-INR pairs, all put together, upto USD 5 million equivalent per exchange.
On 28-02-2018, RBI revised limit of "exchange traded currency derivatives". Read More »
Update KYC in E-wallet as deadline is very close. As per RBI guidelines issued in October 2017 as revised, E-wallet companies must convert all the E-wallet or other instruments issued by them to full KYC by 28th February 2018. Full KYC made mandatory to keep them functioning in normal manner otherwise sever restrictions would be
Update KYC in E-wallet before 28th Feb. 2018: RBI Read More »
Every investor wants to create huge wealth by taking the best investment decisions. But sometimes decisions taken to create wealth become responsible for the destruction of wealth itself. Generally, investors are unaware of the Break-even rate of return which is a minimum return to catch up with inflation and meet our tax responsibilities. At a
Investment Decisions: Are your Investment decisions destroying your Wealth? Read More »
Payment Banks: Revolutionising the Banking Sector In September 2013, the Reserve Bank of India constituted a committee headed by Dr Nachiket Mor to study Comprehensive financial services for small businesses. The committee submitted its report to RBI in January 2014.One of the key suggestions of the committee was to introduce specialised banks or ‘ Payment
Payment Banks: Revolutionising the Banking Sector Read More »
UPI: Unified Payment Interface – A step of India towards Cashless Economy RBI Governor, Sh. Raghuram Rajan (born 3 February 1963) who became governor on 04th September 2013 by replacing Sh. D. Subbarao, now going to be replaced by Sh. Urjit R Patel on date 04th September 2016. Sh. Urjit R. Patel (born 28 October
UPI: Unified Payment Interface – A step of India towards Cashless Economy Read More »
Provident Fund in India, Its Taxability and TDS on Provident Fund What is the Provident Fund(PF)? Provident Fund is a retirement saving scheme in India that is similar to the United State’s Social Security program. Its purpose is to provide financial support to members. To understand the scheme of the provident fund, we can discuss
Provident Fund in India, Its Taxability and TDS on Provident Fund Read More »
Minimum Wages Rate in India Vs. USA Below is some short analysis of comparison of minimum wages rates in India and USA: Minimum wage in USA In USA, there is dual minimum labor wage system: Federal Minimum Labor Wage. State Minimum Labor Wage. In the 50 states and one DC (District of Columbia), separate minimum
Minimum Wages Rate in India Vs. USA Read More »
What is difference between Pledge, Mortgage and Hypothecation I have received some queries asking the difference between Pledge, Mortgage and Hypothecation. This question is normally asked in interviews in banking and even bankers are found confused about the little difference between these terms. To understand the difference between these terms first find the similarity in
What is difference between Pledge, Mortgage and Hypothecation? Read More »
Basics of Letter of Credit(LC)/Documentary Credit What is Letter of Credit? How does it work? What are different Types of LC? Is there any law governing LC? What is Documentary Credit? Importance of LC in International Trade. These are the questions ringing in the mind of people starting new business or people dealing with finance
Basics of Letter of Credit(LC) Read More »
