Non-Performing Assets (NPA) in banking refer to loans or advances that are in default or arrears, meaning the borrower has not paid back the principal or interest for a specified period. An asset is classified as non-performing if: 1. Principal and Interest Payments: The payments are overdue for a specific period (usually 90 days or…
Bank handles money and it involves several key activities like- Deposits: You can deposit cash or checks into your account. This can be done via teller services, ATMs, or direct deposit from employers. Withdrawals: You can withdraw money using an ATM, by writing checks, or through bank tellers. Some banks also offer online transfers to…
Credit Information Report or CIR is collection of past and present credit history based on PAN (Permanent Account Number) and/or AADHAR Number. It provides consolidated summary and details of all credits taken in past and repayment details of the same. It shows all credit inquiries also. It contains Name, PAN, Aadhar, all address details, Mobile Number,…
COMMON RECRUITMENT PROCESS FOR RECRUITMENT OF PROBATIONARY OFFICERS/ MANAGEMENT TRAINEES (CRP PO/MT-XIII for Vacancies of 2024-25) AND RECRUITMENT OF SPECIALIST OFFICERS (CRP SPL-XIII for Vacancies of 2024-25) IN PARTICIPATING BANKS Authorised Website: www.ibps.in The online examination (Preliminary and Main) for the next Common Recruitment Process for selection of personnel for Probationary Officer/ Management Trainee posts,…
The National Stock Exchange announcement regarding a modification in the expiry days for Nifty Bank options and Nifty Midcap Select Index futures and options. Apply from 1st sept 2023 Monday Nifty Mid cap Options Expiry Tuesday Fin Nifty Options Expiry Wednesday Bank Nifty Options Expiry Thursday Nifty Options Expiry Friday Sensex & Bankex Options Expiry …
Let Suppose below data and calculate withdrawing power of the customer Sanctioned Limit – 50 Lac Stock Available – 60 Lac Margin – 25 % Withdrawing Power = Available Stock – Margin % = 60 – (60*25/100) = 60 – 15 = 45 Lac
Benchmark Parameter for Restructuring Viability – Within 5 Years Repayment – Within 10 Years Promoter Contribution – 20% Classification Additional Loan – Remain Standard for One Year Existing Loan – Upgraded to Standard category after regular repayment for 1 year Willful Defaulter – RBI Guidelines (Based on Kohli Comittee) One who has defaulted in loan…
IBPS had announced dates for COMMON RECRUITMENT PROCESS FOR RECRUITMENT OF PROBATIONARY OFFICERS/ MANAGEMENT TRAINEES IN PARTICIPATING ORGANISATIONS (CRP PO/MT-X for Vacancies of 2021-22). Earlier last date for application was 26th Aug 2020. But now IBPS announces an additional cycle of Online Preliminary Examinations under CRP- PO/MT-X for the post of Probationary Officer/Management Trainee by…
Rule 72 is the useful Formula for finding how quickly amount will get double in value by discounting or by applying interest rate. Dividing 72 by interest rate, we can come to know that in how many year given amount will get doubled. Formula – 72 / Interest Rate Where, Interest Rate – Rate of…
1. Repo Rate – There is no change. Repo Rate is the fixed interest rate at which the RBI provides overnight liquidity to banks against the collateral of government and other approved securities under the Liquidity Adjustment Facility (LAF). Current Repo Rate is 4%. 2. Reverse Repo Rate – There is no change in Reverse…