What is a syndication of credit line?
The syndication of loans is an internationally practiced model for financing credit requirements of a borrower in lieu of consortium advance. Apparently, the syndication of credit line is similar to consortium finance but slightly different in certain aspects. First of all, there is no restriction with regard to quantum of credit involved for credit syndication.…
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High lights of Interim Budget 2019
The highlights of Finance minister Piyush Goyal presented on Friday 01.02.2019 are as under. * Individual tax payers with income upto Rs. 5 lakh taxable income will get full tax rebate * Even those earning ₹6.5 lakh will not have to pay tax, if they invest in specified savings *The threshold for TDS on…
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Dearness Relief for Bank Pensioners: February-July 2019
Pensioners will get 70 slabs more in Dearness Relief for the ensuing half year February 2019 to July 2019 compared to the preceding half year. The percentage of revised Dearness relief to pensioners retired at different period is as under. Retired on or after 11.2012: 6885- 4440= 2445/4 = 611, 611- 541 slabs = It…
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Bank Officers and Employees Dearness Allowance: DA Chart For Feb-Apr 2019
In terms of Consumer Price Index Numbers announced by Labour Bureau of India, the average index numbers for October ‘18 to December ‘18 works out to 6885. It means bank staff will get 4 slabs increase in DA for the ensuing quarter February 2019 to April 2019. In the other words Bank Staff will get…
Read article Bank Employees DA on special pay: Feb-Apr 2019
In terms of Consumer Price Index Numbers announced by Labour Bureau of India, the average index numbers for October ‘18 to December ‘18 works out to 6885. It means bank staff will get 4 slabs increase in DA for the ensuing quarter February 2019 to April 2019. In the other words Bank Staff will get…
Dearness Allowance for Bank Sub Staff: DA Chart for Feb-Apr 2019
In terms of Consumer Price Index Numbers announced by Labour Bureau of India, the average index numbers for October ‘18 to December ‘18 works out to 6885. It means bank sub staff will get 4 slabs increase in DA for the ensuing quarter February 2019 to April 2019. In the other words Bank Sub Staff…
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