Daily Archives: July 16, 2015

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Provisioning and reporting of Credit Card NPAs to Credit Information Companies

Bank NewsBy Surendra Naik July 16, 2015

The ‘past due’ concept of a credit card account is now revised and determined from the payment due date mentioned in the monthly statement. The credit card accounts are to be treated as NPAs, if the amount not paid fully within 90 days from the due date mentioned in the statement by the card holders.…

Old habits die hard, people still inscribing on bank notes

UncategorizedBy Surendra Naik July 16, 2015

Some members of public as well some organizations write the numbers, name or messages on the watermark window of currency notes.RBI has been educating the general public and bank officials about the importance of security features of bank notes which distinguishes it from fake notes. Despite, RBI requesting the public, not to deface the window…