Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
The word ‘money’ or cash is usually used by the common man for currency notes and coins. Apart from above said portable money (cash), we also use cheque demand drafts,…
The Reserve Bank of India, on Thursday (June 20, 2019), communicated that the electronic trading platform for buying/selling foreign exchange (FX-Retail) by retail customers (individuals, MSMEs) of banks is ready…
We often receive questions about tax liability of a person in case of any income that accrues or is paid to a minor. Whether it is the minor’s own tax…
Today (19.06.2019), leaders of UFBU unions had wage settlement discussion with IBA. The officers associations AIBOC and NOBO did not participate in the meeting. In the absence of major officers…
Currency Boards have been set up by many economies, big and small across the globe. A currency board is a country’s monetary authority (in India we do not have currency…
Devaluation of a currency means the official lowering of value of a country’s currency within a fixed exchange rate system. In devaluation, the monetary authority of the country deliberately make…
In the light of Hon’ble Supreme Court order dated April 2, 2019, which held the RBI circular dated February 12, 2018 on Resolution of Stressed Assets as ultra vires, the…
Clearing corporation of India has developed a new platform which will be available for users by early August this year according to RBI communication. During 2017, RBI had proposed a…
RBI on Thursday (06.06.2019) informed banks that it has decided to waive charges levied on NEFT & RTGS transactions and accordingly instructed the bank to pass on the benefit to…
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