RBI in its Statement on Developmental and Regulatory Policies announced, on Friday, October 4, 2019, raising the household income limit for borrowers of NBFC-MFIs from the current level of ₹ 1.00 lakh for rural areas and ₹ 1.60 lakh for urban/semi-urban areas to ₹ 1.25 lakh and ₹ 2.00 lakh, respectively. The Y.H.Malegam sub-committee of…
Today October 4, 2019, RBI decided to cut interest rate by 25 basis points. With this cut RBI reduced Repo rate for the fifth time in a row. While releasing the fifth Bi-Monthly Monetary Policy Rates for 2019-20 the MPC said that the rate is reduced on the basis of an assessment of the current…
The Government of India has announced issuance of the Sovereign Gold Bond Scheme 2019-20 Series in tranches starting from tranche series V to tranche series X every tranche which will be indicated on the Bond issued to the investor. Calendar of Issuance is as under: S. No. Tranche Date ofSubscription Date of Issuance 1…
The Reserve Bank of India, in consultation with the Government of India, issues Sovereign Gold Bonds from time to time in tranches. These bonds are a substitute for holding physical gold. Each of those tranches will be kept open for a specified period for investors to buy through banks, Stock Holding Corporation of India Limited…
Working hours of all branches in Karnataka State, Odisha State, Telangana State and Delhi is fixed as 10.00am to 4.00pm from 01.10.2019 as per Department of financial services DFS and SLBC instructions. Private Banks were also requested to formulate their working hours accordingly. The above move is aimed at removing all the discrepancies in the…
In a letter dated October 1, 2019, addressed to Shri.Sanjeev K Bandish convenor UFBU, S.K. Kakkar, Senior advisor of IBA invited the General Secretaries of constituents workmen Unions/Officers’ Associations for wage revision talks on Tuesday 15th October 2019 at 11.00 am in the committee room of IBA, World Trade Centre, Cuffe Parade, Mumbai-400 005. In…
Banks to pay one-month advance salary to employees and officers this month The IBA letter dated October 1, addressed to member banks of IBA including the private sector, public sector, and foreign banks asked them to pay one month’s salary as advance ahead of Deepavali. As regards to employees who have joined the services of…
In view of separate Module (Module E) on “ETHICS IN BANKS AND FINANCIAL INSTITUTIONS” has been added in JAIIB paper “Principles & Practices of Banking”, the following post is prepared to enable the candidates to have a glimpse various topics such as Ethics and ethical theories, Code of Ethics Manual, Business ethics and Banking, Ethics…
A cyber threat or cyber-security threat is a malicious act that generally hunts for damaging data, steals data or disrupts digital life. The perpetrators of these attacks are organized crime groups, terrorists, industrial spies, unhappy insiders, business competitors, hackers, and Nation-states* (*where a Government trying to learn other countries’ national secrets and critical infrastructure like…
Digital rights management also known as information rights management, or enterprise rights management is a measure to prevent unauthorized operators from using proprietary hardware and copyrighted works. The main purpose of DRM technologies is not to catch those who engage in piracy but simply a curb them from accessing or using specific copyrighted content. Generally,…