DA chart of Bank employees (August-October’18)
12 slabs increase in DA for Aug 2018 – Oct 2018 and 14 slabs increase in DA for Aug 2018 – January 2019 for Pensioners CPI for June 2019 is 291 (6596.68) as per the announcement of Labour Bureau today (31.07.2018). With the above, the average CPI for April, May & June 2018 is 6588.…
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What is Net Stable Funding Ratio [NSFR]?
NSFR or Net Stable Funding Ratio is a significant component on Liquidity Standards of the Basel III reforms. The guidelines in this regard finalized by RBI for implementation will come into effect in India from April 1, 2020. Unlike LCR guidelines which promote short term resilience of a bank’s liquidity profile, the NSFR guidelines ensure…
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Incorporation of Name of the Purchaser on the Face of the Demand Draft
RBI vide its circular RBI/2018-19/14, DBR.AML.BC.No.210/14.01.001/2018-19 dated 12.07.2018 has made it compulsory to banks to incorporate the name of the purchaser on the face of the Demand Draft while purchasing it at a bank (including RRBs, Co-operative banks). In terms of the above notification, Section 66 of the Master Direction on KYC dated…
Read article What are Latest guidelines on Loan System for Delivery of Bank Credit?
The draft on guidelines on Loan System for Delivery of Bank Credit released by RBI on December 6, 2018 states that the new guidelines on ‘Loan System for Delivery of Bank Credit’ for borrowers having aggregate fund-based working capital limit of ₹1500 million and above from the banking system will be effective from April 1,…
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Basel III : Capital treatment of Banks’ Balance Sheet items
The extant regulations with regard to the regulatory capital of banks in India are different from internationally adopted Basel III capital standards. With a view to bringing the Banks’ Balance Sheet Items in closer Alignment with Basel Framework, RBI has reviewed the position and made some amendments to the capital adequacy guidelines for the purposes…
FAQs on education loan scheme
Q: How the education loan granted to a minor student binds him to repay the loan, as he is not the executant of loan documents? What is the procedure to be followed in cases of minor students as borrowers? Reply: If the student is a minor, then the parent/guardian would execute loan documents on behalf…
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