What is Liquidity aggregate?
In banking and finance parlance, liquidity refers to the ability to convert one asset into another or to use assets to meet obligations. Liquidity indicates the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset’s price. Market liquidity refers to stock market where the…
Read article
UFBU news: BPS on wage settlement
Today (16.02.2019) the convener of the UFBU has been informed by IBA that the negotiating committee of IBA with the representatives of the constituent workmen Union/Officers will be held on Thursday 21st February 2019 at 11.00 A.M in Mumbai. In the meantime, the convener of UFBU received letters from AIBOC,NOBW, BEFI INBEF and NOBO seeking…
Read article
What is corporate governance?
Corporate governance is the system of rules, practices and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests between companies and their stakeholders, such as shareholders, management, customers, suppliers, financiers, government and the society. Corporate governance specifies the distribution of rights and responsibilities among different participants in the…
Read article
Loan provisioning under prudential norms
“Prudential norms” are the guidelines and general norms issued by the banking regulator (the central bank) of the country for the proper and accountable functioning of banks and financial institutions. The provisioning requirements for all types of standard assets, sub-standard assets, Doubtful assets and Loss assets stands as below. Standard assets: Banks should make general…
Read article
What are the tax benefits under NPS?
Any individual who is a subscriber of NPS can claim income tax deduction up to 10% of his/her gross income under Sec 80 CCD (1) within the overall ceiling of Rs. 1.5 lac under Sec 80 CCE. In addition to ₹ 1.5 lakh allowed under Section 80C investment of up to ₹ 50,000 by an…
RBI cuts repo rate by 25 basis points
Reserve Bank of India (RBI) has today (Feb 7)announced its sixth Bi-Monthly Monetary Policy Rates for 2018-19 in Mumbai. The Monitory Policy Committee (MPC) of Reserve Bank of India On the basis of an assessment of the current and evolving macroeconomic situation at its meeting decided to reduce the policy repo rate under the liquidity…
Read article