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Is it right time for the privatisation or consolidation of public sector banks?

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 »

Paytm received approval from SEBI to become Registered Investment Advisor.

Business of E-wallet companies are affected by RBI guidelines for mandatory KYC in E-wallet. Last date for updation of KYC in E-wallet was 28th Feb. 2018. However those who have not updated KYC in their E-wallet are not going to lose their money in E-wallets. They are allowed to use money already available in E-wallet

Paytm received approval from SEBI to become Registered Investment Advisor. Read More »

RBI to Infuse Rs. 1 Lakh crore in the banking system in the month of March

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 »

Priority Sector Lending Targets for FY 2018-19 for Foreign Banks with 20 or more Branches.

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

Priority Sector Lending Targets for FY 2018-19 for Foreign Banks with 20 or more Branches. Read More »

On 28-02-2018, RBI revised limit of "exchange traded currency derivatives".

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 »

On 23rd February 2018, Reserve Bank of India launched the Ombudsman Scheme for NBFC

Good News for customers of NBFC like Bajaj Financial Services Limited, LIC Housing Finance, PNB housing finance, Indiabulls group, Muthoot Finance, Reliance Capital, Sundaram Finance, GIC housing Financial Services etc. as they will get expedite and cost-free resolution for their complaints. Reserve Bank of India launched the Ombudsman Scheme for NBFC on date February 23,

On 23rd February 2018, Reserve Bank of India launched the Ombudsman Scheme for NBFC Read More »

RBI constituted an Expert Committee to look into the reasons for high divergence observed in asset classification and provisioning by banks.

In view of large divergences observed in asset classification and provisioning in the credit portfolio of banks as well as the rising incidence of frauds in the Indian banking system, RBI decided to constitute an Expert Committee under the chairmanship of Shri Y H Malegam, a former member of the Central Board of Directors of

RBI constituted an Expert Committee to look into the reasons for high divergence observed in asset classification and provisioning by banks. Read More »

Payment Banks: Revolutionising the Banking Sector

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

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UPI: Unified Payment Interface – A step of India towards Cashless Economy

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

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What is difference between Pledge, Mortgage and Hypothecation?

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 »

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