Dearness Allowance for bank staff 30 slabs more from August 2021 AICPIN-IW for June 2021 has been released by Labour Labour Bureau on 30.07.2021. On the basis of CPI data announced by the Labour Bureau for the period of April 2021 to June 2021, the average index number works out to 7940 (base 1960=100) or…
Dearness Allowance for bank staff 30 slabs more from August 2021 AICPIN-IW for June 2021 has been released by Labour Labour Bureau on 30.07.2021. On the basis of CPI data announced by the Labour Bureau for the period of April 2021 to June 2021, the average index number works out to 7940 (base 1960=100) or…
Union Cabinet today (July 28, 2021) approved an amendment to the Deposit Insurance Credit Guarantee Corporation (DICGC) Bill to provide account holders access to up to Rs 5 lakh funds within 90 days of bank failure, Finance Minister Nirmala Sitharaman announced. Finance Minister Nirmala Sitharaman on Wednesday announced that the Union Cabinet cleared the amendment…
A bank stress test is an exercise conducted under hypothetical scenarios designed to determine whether the bank has enough capital to withstand a negative economic shock. Most risk management models, including stress tests, use historical statistical relationships to assess risk. They assume that risk is driven by a known and constant statistical process, ie they…
Marginal Standing Facility (MSF) by RBI is a liquidity adjustment facility extended to Scheduled banks, as a measure to reduce volatility in call money rates in the inter-bank market. The scheme is introduced by RBI, with effect from 09.05.2011. Under the scheme RBI lends to Scheduled Commercial Banks, for an overnight, having Current Account and…
Revaluation reserves arise from revaluation of assets that are undervalued in the bank’s books. These assets which can be revalued are bank premises and marketable securities. Such revalued reserves often serve as a cushion against unexpected losses, but they may be temporary in nature and cannot be considered as ‘Core Capital’ of a bank. The…
Reserve Bank of India on Monday (July 12) extended the timeline for implementation of using lockable cassettes in their ATMs which shall be swapped at the time of cash replenishment, till March 31, 2022. The Reserve Bank of India (RBI) had constituted a Committee on Currency Movement (CCM) under the chairmanship of Shri D.K. Mohanty,…
The Reserve Bank of India (RBI) has on Wednesday indefinitely barred Mastercard (Mastercard Asia / Pacific Pte. Ltd) from issuing new debit or credit cards to domestic customers in India from July 22, 2021, for violating data storage rules. Citing its circular on ‘storage of payment system data’ dated April 6, 2018, the RBI said…
Shipping Bill which is also known as bill of export is a document prepared by an exporter or his agent for the purpose of custom authorities to grant permission for exports. Whether the shipment is by air, sea, or road, an exporter cannot load the goods without filing the Shipping Bill which the customs authority…
The Reserve Bank of India in its ‘Statement of Developmental and Regulatory Policies’ dated February 05, 2021 for improving ease of access by retail investors through online access to the government securities market – both primary and secondary – along with the facility to open their gilt securities account (‘Retail Direct’) with the RBI. The…