Junior Associates of the Indian Institute of Bankers (JAIIB) is a professional certification program offered by the Indian Institute of Banking and Finance (IIBF). IIBF was established in 1928 and offers various courses related to banking career enhancement. 1. Skill Enhancement The JAIIB certification program offers a comprehensive curriculum that equips banking professionals with…
Digitalization is the need of the hour and it is happening very fast across the world. In today’s digital age, online banking has become need for managing finances. While the convenience of accessing your bank account from anywhere at any time is available, it also comes with its own set of risks. Cybercriminals are constantly…
RLLR Repo Linked Lending Rate was introduced by RBI in Oct 2019. From 2019 to 2024, changes in *Marginal Cost of Funds-based Lending Rate* (MCLR) and *Repo Linked Lending Rate* (RLLR) would have influenced borrowers differently based on various factors, including changes in RBI policies, market conditions, and interest rates. 1. MCLR (Marginal Cost of…
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…