Introduction of Tribunal Banks and financial institutions have been experiencing considerable difficulties in recovering loans and enforcement of securities charged with them. The procedure for recovery of debts due to the banks and financial institutions, which is being … [Read more...] about Debts Recovery Tribunals (DRTs) & Appellate Tribunals (DRATs)
HISTORY, STRUCTURE AND FUNCTIONS OF RBI
BRIEF HISTORY OF RBI The Reserve Bank, as the central bank of the country, started its operations as a private shareholder’s bank. RBI replaced the Imperial Bank of India and started issuing the currency notes and acting as the banker to the government. Imperial Bank of India … [Read more...] about HISTORY, STRUCTURE AND FUNCTIONS OF RBI
RISK MANAGEMENT IN BANKS
Banking sectors plays a pivotal role in the management of the economy of a country. It is the key driver of economic growth of the country and has a dynamic role to play in converting the idle capital resources for their optimum utilization so as to attain maximum productivity. … [Read more...] about RISK MANAGEMENT IN BANKS
PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY)
Agriculture in India is wholly dependent on nature. Crop insurance scheme has been implemented to protect the farmers from perils of nature. The Central Govt. has announced a new format of Crop Insurance in name of "Pradhan Mantri Fasal Bima Yojana (PMFBY)", to be implemented … [Read more...] about PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY)
POSITIVE PAY SYSTEM FOR CHEQUE PAYMENT
To provide customers safety in cheque payments and reduce instances of fraud occurring on account of tampering of cheque leaves, RBI introduces a mechanism of Positive Pay for all cheques of value ₹50,000 and above. RBI Governor Shakti Kanta Das has announced of the same on 6 … [Read more...] about POSITIVE PAY SYSTEM FOR CHEQUE PAYMENT