Narrow Banking involves mobilizing the large part of the deposits in Risk Free assets such as Government Securities.
Benefits:
1) Banks in India partially implement the Narrow banking. The RBI prescribes a 23% SLR Statutory Liquidity Ratio, but Banks invest much more than that in Government securities which provides them a low return.
2)The Government securities have a 0% risk weightage and the Government approved Securities have a risk weightage of 2.5% , compared to the loan assets which have around 50-75%.
3)Narrow Banking, in Narrow sense helps the Banks to reduce the Non Performing Assets (NPA) as the engagement brings them some returns also.
Image-based Clearing System (ICS), in India, is a project undertaken by the Reserve Bank of India โฌโ RBI, for faster clearing of cheques.CTS is basically an online image-based cheque clearing system where cheque images and Magnetic Ink Character Recognition (MICR) (what is MICR favorite question from IT engineers during interview)data are captured at the collecting bank branch and transmitted electronically.
In laymen term : Bank scan image of cheque+sign ----> Base Bank received it + verify it ----> send authenticity mail --->money disbursed with in a day.
Benefits: cost saving in physical transfer of cheques + Manpower + Time ---> customer happy ๐
Note: can be shown as the benefit Information Technology during interview ๐
Anybody from po-3 oc category....pls reply what have u done for prescribe format of oc certificate?
They told that are not going to allow other than their prescribe format but most of us have little different format issued by hospital . Again they have diff. category in OC......:( like OA,OL,BL and MW only).
Guys small doubt Whether Private bank Should follow Rates by RBI.......?I mean is it necessary to keep a crr 4% by a private bank like axis bank like.............
Guys there is a new news coming up from the times of india sources as said by DIRECTOR IBPS :
Around 10 Lakh candidates appeared for the written exam for the officers cadre for the state run banks and there are around 19000 vacancies and the candidates called for the interview are 57000 only...
Why are Re1, Rs.2 and Rs.5 notes not being printed?
Volume-wise, the share of such small denomination notes in the total notes in circulation was as high as 57 per cent but constituted only 7 per cent in terms of value. The average life of these notes was found to be around a year. The cost of printing and servicing these notes was, thus, not commensurate with their life. Printing of these notes was, therefore, discontinued. These denominations were, therefore, coinised. However, it has been decided that notes in the denomination of Rs.5 be re-introduced so as to meet the gap between the demand and supply of coins in this denomination.
The Reserve Bank of India, on Tuesday, outlined a corrective action plan to minimise rising non-performing assets (NPAs). The plan would include incentivising early identification of problem cases, timely restructuring of accounts, which are considered to be viable, and taking prompt steps by...
NEW DELHI: The employment scenario in the country is likely to witness a surge in 2014 with the banking segment expected to hire aggressively and a rebound in economic growth raising prospects for jobs across sectors. A deep economic slowdown and delay in implementation of projects have hurt jobs...
NEW DELHI: The employment scenario in the country is likely to witness a surge in 2014 with the banking segment expected to hire aggressively and a rebound in economic growth raising prospects for jobs across sectors. A deep economic slowdown and delay in implementation of projects have hurt jobs...
The employment scenario in the country is likely to witness a surge in 2014 with the banking segment expected to hire aggressively and a rebound in economic growth raising prospects for jobs across sectors. A deep economic slowdown and delay in implementation of projects have hurt jobs in several sectors, particularly in manufacturing. The slowdown in developed economies also hit jobs in the export and other allied sectors.The banking sector has drawn up ambitious hiring plans for officers as well as administrative staff. State-run banks are expected to recruit about 55,000 officers and clerical staff in 2014. "On an average, in the next three years, the banking sector will recruit about 50,000 employees," said Anup Sankar Bhattacharya, director at the Institute of Banking Personnel Selection.The extent of demand for banking jobs is evident from the fact that nearly 10 lakh candidates appeared in the written exams for 19,000 vacancies for officers in state-run banks. Out of 10 lakh, only 57,000 will be called for interviews. โลน โฌลก @vini2308@ROGER-THAT@UthnkUknwME@rohitt@mmsingh@kelevra@priya28d
MESSAGE FROM IBPS DIRECTOR