An effort to assist, counsel and guide the prospective bankers dreaming and willing of a prosperous career in banking arena.
Bank PO, SSC (CGL), Railway preparations, Career Counseling, Insurance career
16/07/2017
NABARD RECRUITMENT : Gr A & B Pre exam dates announced
https://www.nabard.org/careers-notices.aspx?cid=545&id=26
NABARD - National Bank For Agriculture And Rural Development
27/10/2016
https://m.facebook.com/story.php?story_fbid=1320496654627720&id=143902715620459
India ranks 130th in ease of doing business index India continues to rank low at 130th position in terms of ease of doing business, with the country seeing little or no improvement in dealing with construction permits, getting credit and other parameters...
Cheques
Section 6 of the Negotiable Instrument Act 1881, provides that a cheque is a bill of exchange drawn on a specified banker, and not expressed to be payable otherwise than on demand. Simply stated, a cheque is a bill of exchange drawn on a bank payable always on demand. Thus, a cheque is a bill of exchange with two additional qualifications, namely: (i) it is always drawn on a banker, and (ii) it is always payable on demand. A cheque being a species of a bill of exchange, must satisfy all the requirements of a bill; it does not, however, require acceptance.
Note: By virtue of Section 31 of the Reserve Bank of India Act, no bill of exchange or hundi can be made payable to bearer on demand and no promissory note or a bank draft can be made payable to bearer at all, whether on demand or after a specified time. Only a cheque can be payable to bearer on demand.
Parties to a cheque
The following are the parties to a cheque:
(a) The drawer: The person who draws the cheque.
(b) The drawee: The banker of the drawer on whom the cheque is drawn.
21/10/2016
S4A Guidelines !!
http://m.economictimes.com/news/economy/finance/rbis-new-restructuring-tool-s4a-to-raise-banks-moral-hazard-risk/articleshow/52755038.cms
RBI’s new restructuring tool 'S4A' to raise banks’ moral hazard risk - The Economic Times Under S4A, RBI allowed banks to take equity in debt laden firms permitting them to split total loans of struggling companies into sustainable and unsustainable.
Vacancies already notified ....
1. The New India Assurance AO
2. National Insurance AO
3. ECGC PO
4. SBI SO
5. INDIA POST Payment Bank
20/10/2016
3.2 million debit cards compromised; SBI, HDFC Bank, ICICI, YES Bank and Axis worst hit - The Economic Times The breach is said to have originated in malware introduced in systems of Hitachi Payment Services, enabling fraudsters to steal information.
18/10/2016
BRICS : Important facts !!
http://brics2016.gov.in/content/innerpage/about-usphp.php
BRICS : ABOUT BRICS BRICS brings together five major emerging economies, comprising 43% of the world population, having 30% of the world GDP and 17% share in the world trade.
As on 17.10.2016
Policy Rates-
Policy Repo Rate 6.25%
Reverse Repo Rate 5.75%
Marginal Standing Facility Rate 6.75%
Bank Rate. 6.75%
Reserve Ratio-
CRR 4%
SLR. 20.75%
16/10/2016
A quick glance to basics !!
https://en.m.wikipedia.org/wiki/Bank
Bank - Wikipedia, the free encyclopedia A bank is a financial institution that accepts deposits from the public and creates credit.[1] Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial system and influence on national economies, banks are highly regulated in...
Banking Definition !!
"As per Section 5(b) of the Banking Regulation Act, 1949 , "banking" means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise."
16/10/2016
Keep Calm Good luck for Exam !!