Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
One Rupee currency notes are legal tender as provided in The Coinage Act 2011. Even though, printing of existing currency notes of one Rupee denomination is discontinued by the government…
According to earlier RBI Circular [A.P.(DIR Series) No. 82 dated February 21, 2012] any persons, firms and companies for making payments, exceeding USD 5,000 or its equivalent towards imports into…
Government of India vide its notification No.G.S.R 705 ( E ) dated 23.09.2014 notified that the new Kisan Vikas Patra 2014 scheme. In terms of above notification the agency banks,…
The Small Finance Bank setup in India is similar to a normal banking activities of other commercial banks viz. accepting deposits from the customers for the purpose of lending to…
Income Tax Slabs, rates, key tax exemption details for Assessment Year 2015-16 (Financial year 2014-15) For Senior CitizenResident Individuals earning Income less than Rs. 5 Lakh in a Year are…
Due to failure of wage revision negotiation between United Forum of Bank Unions (UFBU) and IBA under X Bipartite settlement. IBA improved its earlier offer of salary increase 12.50 %…
RBI slashes SLR by 50 bps to 21.50 per cent with effect from February 7, 2015. All other rates remain unchanged. Export Credit refinance (ECR) is replaced with provision of…
Pissiculture is one of the allied activities classified under priority sector lending. Both term loan and cash credit facilities can be considered under the scheme. The facility is extended by…
There were days where bank customers used to wait for a long spell at the banking hall, for their turn to deposit their money at cash counters. Now technology has…
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