What is Tier I Capital in Banks?
Adequate capital is required by banks to absorb any losses that arise during the normal course of the bank’s operations. As per recommendations of Basel III capital requirements banks’ capital is split into two categories viz. Tier I and Tier II for supervisory purposes. Tier 1 capital is the term used to refer core component…
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What is CET 1 capital?
Sufficient capital is required by banks to absorb any losses that arise during the normal course of the bank’s operations. The Capital of a bank is divided into different tiers according to the characteristics / qualities of each qualifying instrument. The Basel III framework tightens the capital requirements by limiting the type of capital into…
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What are deferred tax assets (DTAs)?
A Deferred Tax Asset is an asset on an organisation’s balance sheet that may be used to reduce taxable income. The DTAs are associated with accumulated losses and other such assets. Such losses should be deducted in full from CET1 capital of the Banks. The Common Equity Tier 1 (CET1) is a component of Tier…
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11th BPS/Joint Note (Talks held on 12th Oct)
“No Progress in Talks! Stalemate continues” “In today’s discussion with IBA, we (UFBU) reiterated 1. Their offer of 6% should be substantially improved 2. Performance Linked Pay should be delinked from wage revision and 3. Resolution of mandate issue – IBA repeated their proposal that wage increase should be linked to paying capacity – we…
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Views: Revised premium for IBA Group Medical Insurance Scheme for Retirees 2018-19
From the UIIC/IBA circular dated 06-10-18, on UIIC Group Health Insurance Policy for Bank Retirees, it could be interpreted as under: A cover of RS 4 lakh WITHOUT Domiciliary, costs annual premium including GST is Rs 28,792/- to a retiree officer. Whereas for a cover of RS 4 lakh WITH Domiciliary annual premium (including GST)…
Renewal of UIIC Group Health Insurance Policy for Bank Retirees’ for the period 01.11.2018 to 31.10.2019
Renewal of UIIC Group Health Insurance Policy for Bank Retirees’ for the period 01.11.2018 to 31.10.2019 The renewal premium payable as per last year options and options for reduced basic insurance are given below under Option I, Option II, Option III & Option IV(a) & IV (b) OPTION I RENEWAL WITHOUT DOMICILIARY…
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