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CIBIL reports Decrease in NPA figures

New NPA accounts getting added to the existing NPA figures has considerably decreased during the last one year, as reported by CIBIL.  The reasons attributed for the decrease are: Early recognition of such NPAs by banks Improvement in Corporate Health. Effects: This is expected to bring down the stress in the entire banking system Out

CIBIL reports Decrease in NPA figures

New NPA accounts getting added to the existing NPA figures has considerably decreased during the last one year, as reported by CIBIL.  The reasons attributed for the decrease are: Early recognition of such NPAs by banks Improvement in Corporate Health. Effects: This is expected to bring down the stress in the entire banking system Out

INDIAN BANKING: IMPORTANT BANKING TERMS ONE SHOULD KNOW

Here are some important Terminologies and their definition, which a banker should basically know and understand: SNO TERMINOLOGY DEFINITION 1 What is Repo Rate? Repo rate is the rate at which our banks borrow money from RBI. Whenever the banks have any shortage of funds they can borrow from RBI. A reduction in the repo

INDIAN BANKING: IMPORTANT BANKING TERMS ONE SHOULD KNOW

Here are some important Terminologies and their definition, which a banker should basically know and understand: SNO TERMINOLOGY DEFINITION 1 What is Repo Rate? Repo rate is the rate at which our banks borrow money from RBI. Whenever the banks have any shortage of funds they can borrow from RBI. A reduction in the repo

STEPS TO RECOVER MONEY DEBITED IN DECLINED ATM TRANSACTIONS

It is quite obvious that many a times, ATM transactions are declined, however, we find that the amount is debited to our account.  Possibly this could be due a defective ATM machine or problem with the dispenser or other technical flaw in the system.  Such declined transactions can be taken up for recovery within a

STEPS TO RECOVER MONEY DEBITED IN DECLINED ATM TRANSACTIONS

It is quite obvious that many a times, ATM transactions are declined, however, we find that the amount is debited to our account.  Possibly this could be due a defective ATM machine or problem with the dispenser or other technical flaw in the system.  Such declined transactions can be taken up for recovery within a

BOUNCING OF CHEQUE IS A CRIMINAL OFFENSE

An all time saying  CUT THE CLOTH TO SUIT THE PURSE should now be remembered.    Either you may buy a house or do business through borrowings, or even go for a Credit Card or use  Electronic Clearance System (ECS) for the services.  But beware of the consequences of any  failure to honour the payment commitments. 

BOUNCING OF CHEQUE IS A CRIMINAL OFFENSE

An all time saying  CUT THE CLOTH TO SUIT THE PURSE should now be remembered.    Either you may buy a house or do business through borrowings, or even go for a Credit Card or use  Electronic Clearance System (ECS) for the services.  But beware of the consequences of any  failure to honour the payment commitments. 

GURU POORNIMA

Guru V/s Teacher: Who is a Guru? Difference between a Guru and a Teacher!!!!!!! SNo     A TEACHER    A GURU 1 A teacher takes responsibility for your growth A Guru makes you responsible for your growth. 2 A teacher gives you things you do not have and require A Guru takes away things you

GURU POORNIMA

Guru V/s Teacher: Who is a Guru? Difference between a Guru and a Teacher!!!!!!! SNo     A TEACHER    A GURU 1 A teacher takes responsibility for your growth A Guru makes you responsible for your growth. 2 A teacher gives you things you do not have and require A Guru takes away things you

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