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FCNR- Reason for revision of FCNR Deposit rates by banks….

What is FCNR? FCNR term stands for Foreign Currency Non Resident Accounts, which are the deposits maintained by NRIs in a Foreign currency, which is subjected to both rate fluctuation and revision in interest rates paid on them. How do banks determine the rate of interest paid on these FCNR deposits? The interest rates payable

FCNR- Reason for revision of FCNR Deposit rates by banks….

What is FCNR? FCNR term stands for Foreign Currency Non Resident Accounts, which are the deposits maintained by NRIs in a Foreign currency, which is subjected to both rate fluctuation and revision in interest rates paid on them. How do banks determine the rate of interest paid on these FCNR deposits? The interest rates payable

Digital Innovation in the Banking Industry -Apps and Wallets were the year’s flavour

Digital innovation in retail banking through products such as apps and wallets were the year’s flavor Digital innovation has been the best invitee during the year 2015 and much has been stressed by RBI in the area of NPAs and asset quality of these categorized loans.  It is unfortunate that though there was a reduction

Digital Innovation in the Banking Industry -Apps and Wallets were the year’s flavour

Digital innovation in retail banking through products such as apps and wallets were the year’s flavor Digital innovation has been the best invitee during the year 2015 and much has been stressed by RBI in the area of NPAs and asset quality of these categorized loans.  It is unfortunate that though there was a reduction

The masterminds of illegal remittances racket operating through Bank of Baroda

Recently Bank Of Baroda made headlines with the CBI investigation allegation of around 6,000 Crore transfer done to Hong Kong & Dubai. It was found that the masterminds through Ashok Vihar branch were charging Rs 1.35 for every dollar send abroad from customers using their service under the name of premium charges for offering their channel

The masterminds of illegal remittances racket operating through Bank of Baroda

Recently Bank Of Baroda made headlines with the CBI investigation allegation of around 6,000 Crore transfer done to Hong Kong & Dubai. It was found that the masterminds through Ashok Vihar branch were charging Rs 1.35 for every dollar send abroad from customers using their service under the name of premium charges for offering their channel

MCLR-Marginal Cost of Funds based Lending Rate

What is MCLR? Marginal Cost of Funds based Lending Rate (MCLR)This is a new method for calculation of BASE rate by banks suggested by RBI which is expected to allow faster transmission of changes in policy rates ie., increase of decease in repo and reverse repo rates by the Reserve Bank of India to bank’s

MCLR-Marginal Cost of Funds based Lending Rate

What is MCLR? Marginal Cost of Funds based Lending Rate (MCLR)This is a new method for calculation of BASE rate by banks suggested by RBI which is expected to allow faster transmission of changes in policy rates ie., increase of decease in repo and reverse repo rates by the Reserve Bank of India to bank’s

Tips for Banking Exam

6 Tips to Crack Bank Exams Year after year, the number of students appearing for bank exams has been increasing drastically. An estimate of around 20 lakh students appeared  for bank examinations this year which implies that banking is one of the most sought after careers these days. These lakhs of students compete for vacancies

Tips for Banking Exam

6 Tips to Crack Bank Exams Year after year, the number of students appearing for bank exams has been increasing drastically. An estimate of around 20 lakh students appeared  for bank examinations this year which implies that banking is one of the most sought after careers these days. These lakhs of students compete for vacancies