Supreme Court court recalls order for promotion quota in banks

The Supreme Court  recalled its direction to grant quota in promotions to SC/ST employees in higher grade posts in public sector banks, and left it to the government to consider the feasibility of according this benefit.

Supreme Court 

News Regarding Next Wage Revision in Public Sector Banks

Dear Readers, Ministry of Finance has directed Public Sector Banks to initiate the negotiations regarding next wage revision of employees and conclude it prior to effective date i.e 1.11.2017.

Bankruptcy law: key to tackling the burgeoning NPA issue

The Reserve Bank of India (RBI) started a process whereby all new restructured loans are classified as bad loans. A restructured loan is one for which the borrower has renegotiated the terms of repayment, while a bad loan is where the borrower has not made payments for a certain period and there is risk of default. Effective 1 April 2015, all restructured loans have to be classified as non-performing assets (NPAs), with provisioning of 15% of the outstanding versus the earlier requirement of 5% for restructured loans.

The true picture of financial inclusion

Many new bank accounts have been opened, but the report points out that 40% of accounts did not see any deposits or withdrawals in 2014

Descriptive Topic for SIDBI-Free basic-Nothing free or basic about it

Dear Readers, we will provide you articles of different topics for upcoming SIDBI Exam. It will help you to write effectively for Descriptive part of SIDBI Exam.

Descriptive Topic for SIDBI- THE DANGERS OF RELYING ON PPP

Dear Readers, we will provide you articles of different topics for upcoming SIDBI Exam. It will help you to write effectively for Descriptive part of SIDBI Exam.

Inspirational Story- Conquer Your Negative Thoughts

There's no reason we could let ourselves unworthy. God's always watching how we generate little blessings to the best and proper ways.

What's your New Year Resolution ?

Dear Readers, year 2015 is about to end. Many of you achieved your goals this year and some missed by inches.With proper preparation and a little care, the making and breaking of New Year resolutions can be both easy and, in its own perverse way, rewarding.

TIME AND TIDE WAIT FOR NONE

'TIME AND tide wait for no man.' This indeed is a well-known proverb. But how many times in our life have we desired that time was something we could capture in our hands and never let go. “TIME AND tide wait for no man.” This indeed is a well-known proverb. But how many times in our life have we desired that time was something we could capture in our hands and never let go. When we look back into our past, we gather a lot of memorable moments which we never want to get over, especially, those cheerful childhood days where we were pampered by one and all in our families. Those were the golden days of our lives. In the school days, we thought homework and exams were the hardest things one can ever face. Little did we know that with time, more hardships are bound to come.

Article for SIDBI Descriptive- Why turn the RTI heat on the RBI?

Dear Readers, we will provide you articles of different topics for upcoming SIDBI Exam. It will help you to write effectively for Descriptive part of SIDBI Exam.

Learn to Appreciate

Once upon a time, there was a man who was very helpful, kindhearted, and generous. He was a man who will help someone without asking anything to pay him back. He will help someone because he wants to and he loves to.  One day while walking into a dusty road, this man saw a purse, so he picked it up and noticed that the purse was empty. Suddenly a woman with a policeman shows up and gets him arrested.

Yuan set to join IMF’s SDR basket

The Chinese Yuan is set to become part of the International Monetary Fund’s (IMF) special drawing rights (SDR) basket after staff at the IMF said that the currency is seen as “freely usable”.

Indian banks: Glass half full or half empty?

Have bad loans across the country’s banking sector peaked? It’s a question that has been asked for at least the past 4-6 quarters. While each time the answer is in the affirmative, the data refuses to support it.

Bad loans have risen consistently even on a quarter-on-quarter basis since the quarter ended March 2014. The cumulative amount of bad loans across the 39 listed banks rose 33% between the March 2014 quarter and the June 2015 quarter. Most state-owned banks are still to report earnings for the September 2015-ended quarter.

Govt appoints MDs of four state-owned banks

The government has appointed MDs of four public lenders, including UCO Bank, Corporation Bank and Andhra Bank.

Suresh N Patel, executive director of Oriental Bank of Commerce, has been appointed managing director of the Hyderabad-based Andhra Bank.

Government plans to focus on financial literacy; postmen to tutor rural India on banking system

The government is looking to utilise the services of postmen to teach people in rural areas how to use banking services and access various state-sponsored financial inclusion schemes. The finance ministry is working on developing a structured programme as part of a new strategy for financial inclusion under which banks will pay a fee to use the services of the postal department.

The idea is to turn a post office into a financial literacy hub. We will organise weekly literacy camps and selected post office employees will undergo a structured training programme developed by banks on financial literacy .

20 commercial banks want to tie up with India Post Payments Bank

About 20 commercial banks have initiated talks with the department of posts for a strategic tie-up with its proposed payments bank India Post Payments Bank.

How to revive the PPP model in India

The moment the public-private partnership model is mentioned in India, the immediate reaction is that it has failed. There have been failures , such as in some power and metro rail projects, but that is not the complete truth. There have been significant successes too, in roads, ports and airports.

The PPP model is particularly important in infrastructure projects. In recent years, some of India’s — and the world’s — best airports have been built through the PPP model. But these are overlooked as the media focuses on some pain points that are inevitable in projects involving land acquisition, construction, environmental clearances and other contentious issues.

1965: The other story

The past few weeks have seen intense discussions about the 1965 war with Pakistan. Less attention has been paid to an intriguing possibility: the surge in popularity for the diminutive Lal Bahadur Shastri after the war could have given him the political heft to pursue the sort of radical economic reforms that India eventually embraced in 1991.

How the Reserve Bank is redrawing India’s banking landscape

Budhilal Verma has been driving an autorickshaw in Mumbai since 1996 after leaving his village in the northern state of Uttar Pradesh in search of a more lucrative job than farming.

He left behind his mother and wife in the village, and sends them money as often as he can.
Verma has an account in State Bank of India, or SBI, in Mumbai, but his family in the village doesn’t. So, he often transfers money to someone else in the village with a bank account, who then withdraws it and hands it over to the family. Alternatively, he uses a money transfer agent, who charges him Rs.120-130 for every Rs.10,000 transferred.

“I don’t get time away from driving a rickshaw to go and line up at the bank,” says Verma, who has heard that you can now transfer money through mobile phones but hasn’t tried it himself. “Bade logon ke liye hain (it’s for big people),” he says about Internet fund transfers.

Usha, a Mumbai household help who identifies herself by only one name, has a somewhat similar story. Being in a city, she finds money transfers have become easier; for her family back in their village, receiving money remains as cumbersome as ever.

बैंकों में आएंगी 16 लाख नौकरियां, इन नए बैंकों को चाहिए एम्प्लाइज

देश में आने वाले सालों में नौकरियों का पिटारा खुलने वाला है। देश के बैंकिंग, वित्तीय सेवाएं और बीमा बीएफएसआई क्षेत्र को 2022 तक 16 लाख अतिरिक्त कुशल श्रमबल की जरुरत होगी। राष्ट्रीय कौशल विकास निगम ने यह अनुमान लगाया है।

गौरतलब है कि अब तक सरकारी बैंक बैंकिंग सेक्टर में सबसे ज्यादा रोजगार देते रहे हैं। बैंकिंग सेक्टर में कुल रोजगार में सरकारी बैंकों का योगदान 73 पर्सेंट है। केंद्र सरकार ने सरकारी बैंकों को ज्यादा से ज्यादा खाता खोलने और ग्रामीण इलाकों में शाखाओं का विस्तार करने का लक्ष्य दिया है। इतने बड़े पैमाने पर रोजगार के अवसर पैदा होने की यह भी एक वजह है।