Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
Loan to value ratio: Banks were not permitted to include stamp duty, registration and other documentation charges towards the cost of housing property for the purpose of effective calculation of…
RBI slashes ‘Repo rate’ by 25 basis point from immediate effect. Consequently the policy rates will be as under from 04.03.2015 Repo Rate…………………7.50% Reverse Repo Rate……6.50% Marginal Standing Facility Rate….8.50%…
Hither to, banks were deducting TDS (Tax Deducted at Source) only if the interest earned from FDs made in a particular branch exceeds threshold limit of Rs.10000.00. Therefore it was common…
The Swavalamban Yojana is a low cost version of new pension scheme (NPS). In essence, the scheme is designed with an intention to secure the future of financially weaker section…
Budget 2015 Highlights: 1. No change in income tax slabs. 2. Medical exemption limit increased to Rs.25000/- from Rs.15000/- 3. Health Insurance Premium deduction for senior citizen increased to Rs.30000/-…
The overdraft extended by banks up to Rupees Five thousand in Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts will be eligible for classification under priority sector advances. RBI circular dated 25.02.2015…
Confirmed news on wage revision In today’s talks between IBA and UFBU, wage revision is settled at 15%(Rs. 4725 crores) w.e.f 1.11.2012. 2nd and 4th Saturday’s will be holidays…
During the conciliation meeting held at Chief Labour Commissioner’s office Delhi, IBA requested the Unions to defer the strike call so that further negotiations can continue. Unions representing UFBU pointed…
Reserve Bank of India abolished 20:80 gold import schemes on November 28, 2014. The regulator has clarified in this regard that the obligation to export under the scheme will continue…
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