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
Income Recognition, Asset Classification (IRAC) and Provisioning Norms
In line with international practices and as per the recommendations made by the Committee on the Financial System (Chairman Shri M. Narasimham), the Reserve Bank of India has introduced, in a phased manner, prudential norms for income recognition, asset classification and … [Read more...] about Income Recognition, Asset Classification (IRAC) and Provisioning Norms
NON-COOPERATIVE BORROWERS
The issue of Non-Performing Assets (NPAs) in the Indian banking sector has become the subject of much discussion and scrutiny. When the borrower stops paying interest or principal on a loan, the lender institutions will lose money. Such a loan is known as Non-Performing Asset … [Read more...] about NON-COOPERATIVE BORROWERS