Consumer Price Index for October 2022, November 2022, and December 2022 are respectively- 132.50, 132.50, and 132.3. It works out to 62 slabs of DR for the half year February 2023 to July 2023. Hence there will be an increase of 62 slabs in DR from February 2023 No of slabs Rate per Slab @…
The AICPIN-IW for the months of October 2022, November 2022, and December 2022 has been released by Labour Bureau of India. The average index number for the above 3 months is 8706. It means an increase of 32 slabs to bank employees and officers for the months of February 2023 to April 2023. The confirmed…
The AICPIN-IW for the months of October 2022, November 2022, and December 2022 has been released by the Labour Bureau of India. The average index number for the above 3 months is 8706. It means an increase of 32 slabs to bank employees and officers for the months of February 2023 to April 2023. The…
The AICPIN-IW for the months of October 2022, November 2022, and December 2022 has been released by Labour Bureau of India. The average index number of the above 3 months is —– It means an increase of ——- slabs to bank employees and officers for the months of February 2023 to April 2023. The confirmed…
The AICPIN-IW for the months of October 2022, November 2022, and December 2022 has been released by Labour Bureau of India. The average index number for the above 3 months is 8706. It means an increase of 32 slabs to bank employees and officers for the months of February 2023 to April 2023. The confirmed…
The AICPIN-IW for the months of October 2022, November 2022, and December 2022 has been released by Labour Bureau of India. The average index number for the above 3 months is 8706. It means an increase of 32 slabs to bank employees and officers for the months of February 2023 to April 2023. The confirmed…
As per the current guidelines, Securitisation is allowed only in the case of standard assets while lenders have to largely rely on Asset Reconstruction Companies (ARCs) for bad assets. Based on market feedback, stakeholder consultations, and the recommendations of the Task Force on Development of Secondary Market for Corporate Loans, RBI decided to introduce a…
Reserve Bank of India, taking into consideration the various developments in the area of banking and technology, the nature of consumer grievances, and other stakeholders, has reviewed the guidelines/instructions issued on locker rent agreements and issued a circular on August 18, 2021, in this regard. ‘The review also took into account, the principles enumerated by…
Reserve Bank of India (RBI ) on Monday extended the time for banks to renew their customer agreements for locker facilities. The banking regulator of India vide its circular dated August 18, 2021, had issued revised instructions with respect to the Safe Deposit Locker/Safe Custody Article Facility due to compliance delays.The previous deadline of December…
(This post elucidates the entire process of creation of charge or modification of charge and satisfaction of charge and the requirement of information in the form of a resolution passed in the Board meeting) According to Section 77 of the Companies Act, every company that creates a charge shall register the same with the Registrar…