DILIGENCE ACADEMY PVT LTD

29/06/2024

With my Banking trainees from Delhi, Bangalore and Chennai from Gurugram

08/06/2020

Waiver of EMI but not the interest will only add to the burden of the borrower in the long run. EMI relief may bring temporary relief by shifting the current dues to future but the interest accrued for two/ three months will be a disaster for those who plan their finance meticulously. I don't think that this proposal will attract many
Selvarajan

India Business News: It is not just the Reserve Bank of India but even bankers and government officials are not in favour of waiving or offering interest concessions to bo

18/08/2018

The MSME sector constitutes a vast network of over 63 million units and employs around 111 million people, contributing around 30% to the GDP, accounting for about 45% of manufacturing output and around 40% of total exports.

13/06/2018

My RBS Trainees
Advanced UK Banking training program for IIM/IITians at Chennai... Brilliant guys

10/06/2018

We are conducting a special training program for IITians at RBS Chennai from 11.6.18 to 15.6.18.

25/02/2018

Planning your financial portfolio is an art and science. Quite often my students ask whether to invest in capital market directly or should follow SIP route. It is necessary that one should have a real portfolio and a shadow portfolio as well. Mutual fund and SIPs are safe route, no doubt. But the stigma "subject to market risk holds good in MF/SIP too. Risk appetite grows with age and declines when it reaches 60. In young age one must take some risk, a calculated risk.

10/11/2017

Senior citizens privileges in banks - RBI circular

07/12/2016

Monetary Policy Committee (MPC) in India was constituted to review and decide changes in Interest rates and related Macro economic parameters. This 6 member committee is headed by 3 RBI Governor, and consists of 3 members from RBI, i.e., RBI Gov, ED and DY Gov in chg of Monetary policy while the other 3 are Independent academicians. This is a wise decision indeed to involve the intelligentsia of the country. The decisions are taken on the basis of voting. RBI Gov has the casting vote, in case of equal votes.

31/08/2016

Interest free loans - good or bad ?
Banking survives on interest income through its core business,i.e. lending. If interest is not charged on loans, will it not affect balance sheet management. RBI panel will be studying the possibility of implementing the same , may be in the lines of Islamic banking. The time value of money is defined in its ability to expand, thanks to the interest factor loaded. We are of the opinion, the poorest of the poor should be given loans on lesser rates. Why can't we think of expanding the scope of DRI loans instead of Interest free loans?

http://www.business-standard.com/article/finance/rbi-to-explore-interest-free-banking-116082901134_1.html

In order to improve financial inclusion in the country, Reserve Bank of India is now looking at exploring the possibility of introducing interest free banking in the country for the first time."Some sections of the Indian society have remained