In terms of Consumer Price Index Numbers announced by Labour Bureau of India, the average index numbers for January 2019 to March 2019 works out to 7022.76. It means bank staff will get 34 slabs increase in DA for the ensuing quarter May 2019 to July 2019. In the other words Bank Staff will get…
In terms of Consumer Price Index Numbers announced by Labour Bureau of India, the average index numbers for January 2019 to March 2019 works out to 7022.76. It means bank staff will get 34 slabs increase in DA for the ensuing quarter May 2019 to July 2019. In the other words Bank Staff will get…
In terms of Consumer Price Index Numbers announced by Labour Bureau of India, the average index numbers for January 2019 to March 2019 works out to 7022.76. It means bank staff will get 34 slabs increase in DA for the ensuing quarter May 2019 to July 2019. In the other words Bank Staff will get…
Capital to Risk (Weighted) Assets Ratio (CRAR) is also known as Capital adequacy Ratio, the ratio of a bank’s capital to its risk. The banking regulator tracks a bank’s CAR to ensure that the bank can absorb a reasonable amount of loss and complies with statutory Capital requirements. Higher CRAR indicates a bank is better…
(This post explains about RBI’s new tool to enhance liquidity in the system) Liquidity management is an important aspect of monetary policy implementation. According to the IMF, funding liquidity is the ability lending agency agrees payment with immediacy. The attendant impact on liquidity conditions may necessitate durable liquidity absorption/injection operations by the Central Bank (Reserve…
In our previous posts we talked about (1) Tax audit, (2) What is a forensic audit? (3) What is a Legal Audit? (4) Concurrent Audit System in bank. (5) What is a statutory audit? In this post let us study what is a stock audit. Inspection of assets charged to the lender at a regular…
Economic capital: There are three types of capital viz. Regulatory capital, Book capital and Economic capital. Regulatory capital is the amount of capital a bank is required to hold as per the stipulations prescribed by the banking regulator of the country. Book Capital is the actual capital that the bank has, which includes equity capital,…
“Delivered at Terminal’ or three letter abbreviation DAT refers to common contractual term used in international trade. The term DAT replaces earlier term ‘Delivered ex quay’. As per ‘Delivered ex quay’ term seller must deliver the goods at a wharf, and was thus applicable to goods delivered via waterways (whether inland or sea). The term…
A restructured or rescheduled account is practically a new loan replacing the older account. The purpose of restructuring of a loan is to accommodate the borrower who is in financial difficulty and unable to repay the loan as per repayment schedule. Restructuring of loans involve modification of terms and conditions of the loan usually with…
Fresh accretion of NPAs during the year or a falling below the current position of standard assets of the bank is a slippage. Let us take an example that the gross NPA of a bank’s last financial year is 12% and in the current financial year it is 15% due to fresh accumulation of bad…