Bank Clerical’s D.A. Chart for the quarter of August 2021 to October 2021
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…
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Bank Sub-Staff’s D.A. Chart for the quarter of August 2021 to October 2021
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…
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D.A. payable on Special Pay of bank employees for the quarter of August 2021 to October 2021
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…
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Depositors to get claim up to Rs 5 lakh from DICGC in 90 days of bank failure
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…
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Stress Testing in banks: the objective and new challenges
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…
What is Marginal Standing Facility (MSF)?
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…
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