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Today's Headlines from Newspaper : *Economic Times* 📝 Formal job creation under ESI scheme grows 8.1% in March 📝 Credit crunch forces 7 US companies to file for bankruptcy 📝 NSE Q4 Results: Net profit rises 19% YoY to Rs 1,810 crore; dividend declared at Rs 80 per share 📝 PVR Inox Q4 Results: Firm reports loss of Rs 333 cr; revenue jumps 113% YoY 📝 India's exports to UAE dip 22 per cent in April: Commerce ministry data 📝 Exports shrink 12.7% in April, trade deficit hits 20-month low at $15.2 billion 📝 WPI declines for 11th straight month, falls to -0.92% in April 📝 Alpha Alternatives raises Rs 2,100 cr in first close of its maiden structured credit fund 📝 Silicon Valley automotive ethernet chip startup Ethernovia raises $64 million 📝 Puma India head Abhishek Ganguly’s new startup raises $52 million funding *Business Standard* 📝  Qualcomm working with OEMs to cut 5G smartphone cost to sub-Rs 8,000 📝  Dish TV Institutional shareholders call for EGM, seek to remove 2 ...

🍒    NPCC introduces CVV-less payments for tokenised cards : RuPay has now introduced the CVV (Card Verification Value) free payment experience for its debit, credit and prepaid cardholders who have tokenized their cards on the merchant application or webpage, said The National Payments Corporation of India (NPCI) on Monday . This new experience is meant to ensure that the cardholder will not have to reach out to their wallet or remember any card details, if they have saved (tokenized) their card on the ecommerce merchant which supports this feature, NPCI said in a statement. Tokenization is a simple technology to secure card transactions without sharing the clear or real card details with the merchants. - economic times 🍒    KVB posts its highest-ever annual net profit at ₹1,106 cr in FY23 : Karur Vysya Bank has reported its highest-ever annual net profit and a significant improvement in asset quality for the year FY23. The old private sector bank’s board has reco...

 MODEL QUESTIONS  ---  JAIIB PRINCIPLES OF BANKING. JAIIB 1) Reserve Bank of India’s functions are classified into: a) Supervisory & Regulatory  b) Promotional & Developmental c) Refinance Activities d) All of the above (d) 2) Minimum Bank Rate is: a) 3% b) 4% c) 5% d) None (d) 3) Sec ---- of  RBI Act,1934 gives sole power to RBI to issue currency  notes a) 10 b) 18 c) 22 d) 26 ( c ) 4) KYC means a) Know Your Customer very well b) Know Your  existing Customer very well c) Know Your  prospective Customer very well d) Satisfy yourselves about the customer’s identity and activities. (d) 5) In a Garnishee Order, the banker on whom garnishee order served is: a) Judgement   Debtor’s    Creditor b) Judgement   Creditor’s  Creditor c) Judgement   Creditor’s  Debtor d) Judgement   Debtor’s    Debtor (d)6) Sec 131 of NI Act,1881 extends protection to the a) Paying Banker b) Collec...

 A note to my young friends who are preparing for competitive exams  "Career" is not the same as "Job" Career is a journey of continuous learning and it is not about Degrees of fancy colleges A good foundation shapes a better and rewarding career Be a Gentleman first when you start your 18+ life Basic 25 steps to become a Gentleman and start a rewarding career 1. Never shake a man’s hand sitting down. 2. Spend 30 min a day reading up on current events. 3. In a negotiation, never make the first offer. 4. When entrusted with a secret, keep it. 5. Return a borrowed car with a full tank of gas. 6. Play with passion or don’t play at all. 7. When shaking hands, grip firmly and look them in the eye. 8. Don’t let a wishbone grow where a backbone should be. 9. Stand up when she enters the room. 10. You marry the girl, you marry her family. 11. Be like a duck. Remain calm on the surface and paddle like crazy underneath. 12. Experience the serenity of traveling alone. 13. Neve...

 🍒 ‘Consumer confidence slips to a new low in May’ : Our Bureau The Consumer Confidence Survey released by the Reserve Bank of India for the month of May showed that the consumer confidence for the current period weakened further.  The current situation index (CSI), which has been in the negative territory since July 2019, fell to a new all-time low as consumer perceptions on general economic situation and employment scenario lowered further. The future expectations index (FEI) moved to pessimistic territory for the second time since the onset of the pandemic. This was driven by sharp fall in expectations on general economic situation, employment scenario and household income over one-year horizon. Household spending, too, weakened in the latest survey round, with essential spending showing signs of moderation while non-essential spending continues to contract. - Business Line 🍒 RBI approves re-appointment of Vishwavir Ahuja as MD, RBL Bank : The Reserve Bank of India has ap...

                                                                 Cgtmse Scheme – PMSVANidhi. This is also in Question – Answer type only.  Matters related toClaims etc will be discussed in the forthcoming Issues.    PM SVANidhi     1.What is PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) ?      PM SVANidhi is a Scheme of Ministry of Housing & Urban Affairs (MoHUA) for sanction  of working capital loan upto Rs. 10,000 to street vendors through the Lending  Institutions.       2. What is Credit Guarantee Scheme for PM SVANIDHI (CGS-PMS)?     Credit Guarantee Scheme for PM SVANidhi is the graded guarantee scheme under which  the credit product / loan would be guaranteed by CGTMSE.     The CGS-PMS is a portfolio...

 4.Hybrid deposit means________ (a)Combination of SB and CD (b)Combination of monthly income scheme and half yearly scheme (c)Combination of Demand and Term deposit (d)Both B and C Answer & Explanation Ans: C Exp: Hybrid deposits or flexi deposits which combine the features of demand and term deposits. These deposits are introduced in recent times by some banks to meet customers’ financial needs and convenience and are known by different names in different banks. Jaiib Caiib: INTERESTED TO JOIN JAIIB CAIIB EXAM GROUP PLEASE FOLLOW THIS LINK http://www.youtube.com/channel/UCIwoHB1C7khBzigVbnFeiZQ.  And https://chat.whatsapp.com/DyfW2b9EwJ8A63NnTXyp6i Follow this link to join my WhatsApp group: https://chat.whatsapp.com/JF6bfyNzh4v0vyeq9W2xe2

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Defination of Commercial Paper (CP)  is an unsecured money market instrument issued in the form of a promissory note. 👉👉 The original tenor of a CP shall be between 7 days to 1 year. Eligible Issuers: 👉Companies 👉Non-Banking Finance Companies (NBFCs) and 👉All India Financial Institutions (AIFI) Subject to the condition that any fund-based facility availed of from bank or financial institutions is classified as a standard asset by all financing banks at the time of issue. 👉Other entities like 👉co-operative societies/unions, 👉government entities, 👉trusts, 👉limited liability partnerships 👉any other body corporate having presence in India with a net worth of ₹ 100 crore or higher. 👉👉Eligible Investors: 👉All residents, and non-residents permitted to invest in CP. 👉however, no person can invest in CPs issued by related parties either in the primary or secondary market. 👉Investment by financial sector entities also allowed 👉👉CP shall be issued in the form of a promisso...

Cash Management Bills  👉In 2010, Government of India, in consultation with RBI introduced a new short-term instrument, known as Cash Management Bills (CMBs), to meet the temporary mismatches in the cash flow of the Government of India. 👉The CMBs have the generic character of T-bills but are issued for maturities less than 91 days. 👉Like T-bills, Cash Management Bills (CMBs) are also issued at a discount and redeemed at face value on maturity. 👉The tenor, notified amount and date of issue of the CMBs depend upon the temporary cash requirement of the Government. 👉The tenors of CMBs is generally less than 91 days. 👉The announcement of their auction is made by Reserve Bank of India through a Press Release on its website. 👉The non-competitive bidding scheme has not been extended to CMBs. However, these instruments are tradable and qualify for ready forward facility. 👉Investment in CMBs is also reckoned as an eligible investment in G-Secs by banks for SLR purpose under Section 24...

Today's Headlines from. Various newspapers : *Economic Times* 📝 Formal job creation under ESI scheme grows 8.1% in March 📝 Credit crunch forces 7 US companies to file for bankruptcy 📝 NSE Q4 Results: Net profit rises 19% YoY to Rs 1,810 crore; dividend declared at Rs 80 per share 📝 PVR Inox Q4 Results: Firm reports loss of Rs 333 cr; revenue jumps 113% YoY 📝 India's exports to UAE dip 22 per cent in April: Commerce ministry data 📝 Exports shrink 12.7% in April, trade deficit hits 20-month low at $15.2 billion 📝 WPI declines for 11th straight month, falls to -0.92% in April 📝 Alpha Alternatives raises Rs 2,100 cr in first close of its maiden structured credit fund 📝 Silicon Valley automotive ethernet chip startup Ethernovia raises $64 million 📝 Puma India head Abhishek Ganguly’s new startup raises $52 million funding *Business Standard* 📝  Qualcomm working with OEMs to cut 5G smartphone cost to sub-Rs 8,000 📝  Dish TV Institutional shareholders call for EGM, seek to...

 Recalled questions for jaiib exam 👉 Normal transit period is 25 days for foreign currency export bill. 👉Under LC if godown is approved by India then LC will be clear in 15 months . 👉 Notice Money time range is 2 days to 14 days. 👉 Total outstanding is 140 Cr and security is 12 Cr and account is substandard then provision? Since it is unsecured substandard so 25% provision of outstanding amount: 140*25%= 35 Cr 👉In which year India switch to direct quotation: 1993 👉DvP Delivery vs Payment mitigate Settlement Risk 👉The issuing of CP is governed by guidelines issued by RBI and market Practices prescribed by FIMMDA 👉Packing Credit can be extended to merchant/manufacturing exporters for the period of his operating cycle subject to maximum of 180 days. 👉In CC/OD account no credit for more than 90 days and amount in account is not sufficient to recover the intrest then it is? Out of Order 👉If higher the risk, higher the volatility and higher the return. 👉European ...

 Question paper for preparation of jaiib exam 👉How many principles in supervisory review process(SRP)? Ans: 4 👉FCNR account min and max time period? Ans: 1 year and 5 years 👉Which country is not a member of asian clearing union A . Singapur (Ans) B. India C. Bangladesh D. Iran 👉👉 Can you calculate the current yield of a 8.24% bond which  is selling Rs. 105(face value 100) 👉👉How much a company can send( in USD ( as gift to foreign without EDF/SOFTEX form? 👉👉Bond convexity kya hoti hai? 👉Convexity is a measure of the relationship between bond prices and bond yields that shows how a bond's duration changes with interest rates.

 RECALLED QUESTIONS  Ques: The importer has ordered to buy 100 cars under LC from an exporter to be delivered in India. The exporter started working on it and after sometime exporter went to bank for some cash to get this work done on time but when he visited the bank the bank said that the importer has asked us not to pay any money and import will cancel this order. The exporter asked from bank that on what ground the importer is cancelling this order.The bank said since there is nothing written on LC whether it is revocable or irrevocable so Importer can cancel the order. Now which statement is correct? A- Import is correct here and hence the order stand cancelled. B- Bank and importer are wrong here. C- Importer can cancel the order anytime but he need to pay compensation to exporter. D- The Bank is correct here because bank need to follow the order of his customer(importer) hence the order stand cancelled. Answer: B) Bank and Importer are wrong here because "if nothing is ...

Certificate of deposit Certificate of Deposit (CD) is a negotiable, unsecured money market instrument issued by a bank as a Usance Promissory Note against funds deposited at the bank for a specified time period. 👉👉Eligible issuers Certificates of Deposit (CDs) can be issued by: 1-Scheduled Commercial Banks (excluding Regional Rural Banks); 2-Small Finance bank 3-Regional Rural Banks 4- All India Financial Institution 👉👉Eligible investors: CDs can be issued to all persons resident in India and 👉to non-residents to the extent permitted under the Foreign Exchange Management Act (FEMA), 1999. 👉👉Primary issuance: 👉CDs shall be issued only in dematerialised form and held with a depository registered with Securities and Exchange Board of India. 👉 CDs shall be issued in minimum denomination of ₹5 lakh and in multiples of ₹5 lakh thereafter. 👉 The tenor of a CD at issuance shall not be less than 7 days and shall not exceed 1 year. 👉 CDs shall be issued on a T+1 basis where T re...

  RECALLED QUESTIONS  Ques: The importer has ordered to buy 100 cars under LC from an exporter to be delivered in India. The exporter started working on it and after sometime exporter went to bank for some cash to get this work done on time but when he visited the bank the bank said that the importer has asked us not to pay any money and import will cancel this order. The exporter asked from bank that on what ground the importer is cancelling this order.The bank said since there is nothing written on LC whether it is revocable or irrevocable so Importer can cancel the order. Now which statement is correct? A- Import is correct here and hence the order stand cancelled. B- Bank and importer are wrong here. C- Importer can cancel the order anytime but he need to pay compensation to exporter. D- The Bank is correct here because bank need to follow the order of his customer(importer) hence the order stand cancelled. Answer: B) Bank and Importer are wrong here because "if nothing is...

COMMERCIAL PAPERS     PLEASE JOIN WHATSAPP FOR MORE NOTES LIKE THIS https://chat.whatsapp.com/Je1zuchXR0BDcezSaWtYHg Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. 👉👉 The original tenor of a CP shall be between 7 days to 1 year. Eligible Issuers: 👉Companies 👉Non-Banking Finance Companies (NBFCs) and 👉All India Financial Institutions (AIFI) Subject to the condition that any fund-based facility availed of from bank or financial institutions is classified as a standard asset by all financing banks at the time of issue. 👉Other entities like 👉co-operative societies/unions, 👉government entities, 👉trusts, 👉limited liability partnerships 👉any other body corporate having presence in India with a net worth of ₹ 100 crore or higher. 👉👉Eligible Investors: 👉All residents, and non-residents permitted to invest in CP. 👉however, no person can invest in CPs issued by related parties either in the primary or secondary...

National Payments Corporation of India The Reserve Bank encouraged the setting up of National Payments Corporation of India (NPCI) to act as an umbrella organisation for operating various Retail Payment Systems (RPS) in India. NPCI became functional in early 2009. NPCI has taken over National Financial Switch (NFS) from Institute for Development and Research in Banking Technology (IDRBT). NPCI is expected to bring greater efficiency by way of uniformity and standardization in retail payments and expanding and extending the reach of both existing and innovative payment products for greater customer convenience. 📱Mobile Banking System Mobile phones as a medium for providing banking services have been attaining increased importance. Reserve Bank brought out a set of operating guidelines on mobile banking for banks in October 2008, according to which only banks which are licensed and supervised in India and have a physical presence in India are permitted to offer mobile banking after obta...

  Non Performing Assets  NPAs refer to loans which are in risk of default. Reserve Bank of India (RBI) defines NPAs as below: AN ASSET, INCLUDING A LEASED ASSET, BECOMES NON­-PERFORMING WHEN IT CEASES TO GENERATE INCOME FOR THE BANK. As per guidelines issued by the RBI, banks classify an account as NPA only if the interest due and charged on that account during any quarter is not serviced fully within 90 days from the end of the quarter. Conditions to become NPA An asset becomes NPA when it ceases to generate income for the bank – ➖ Term Loan – Interest and/or installment of principal amount remain overdue for more than 90 days ➖ Overdraft / Cash Credi t – The account remains ‘out of order’ for 90 days ➖ Bill – The bill remains overdue for more than 90 days in the case of bills purchased and discounted ➖ Short duration crops – The installment of principal or interest remains overdue for 2 crop seasons ➖ Long duration crops – The installment of principal or interest remains ...

 What is  Food Safety And Standards Authority Of India (FSSAI) Headquarter: New Delhi Function and Objective of the Organization: The Food Safety and Standards Authority of India (FSSAI)has been established under Food Safety and Standards Act, 2006 which consolidates various acts & orders that have hitherto handled food-related issues in various Ministries and Departments. FSSAI has been created for laying down science-based standards for articles of food and to regulate their manufacture, storage, distribution, sale and import to ensure availability of safe and wholesome food for human consumption. Functions: ➨ Framing of Regulations to lay down the Standards and guidelines in relation to articles of food and specifying appropriate system of enforcing various standards thus notified. ➨ Laying down mechanisms and guidelines for accreditation of certification bodies engaged in certification of food safety management system for food businesses. ➨ Laying down procedure and gu...

 Nostro Account  Nostro Account is the account which a bank of a country holds in the bank of another country in the foreign currency and it helps the bank which is having the account in bank of another country by the way of simplifying the exchange and trading process for the foreign currencies. In simple words, it refers to the foreign bank account established through the domestic bank in the respective country of the currency desired. 🏮Advantages ➖You can pay the money to a third party in your home currency without taking any exchange rate risk. ➖Easy to operate since it is a mere transfer of funds from one account to another in the same bank. ➖Enables to keep funds in foreign currency. ➖Reduces the excessive fluctuation risk in exchange rates since money is directly emitted to the other party without physically been there. 🏮Disadvantages ➖A lesser rate of interest as compared to savings or current account. ➖Generally more expensive since it is a facility provided by the ...

 Difference between  Dormant / Inactive Bank Accounts  If you SB or current account hasn’t witnessed any transactions(credit/debit except interest credited the bank, deduction of service charges, for more than 1 year, the account is rendered inactive. On exceeding 2 years, the account is declared dormant/inoperative. Any customer induced transaction is enough for this purpose. Like credit or debit transactions done by the account holder in this account, keeps it active. Some of them have been listed below – ♦️ Outward bill ♦️ Inward bill ♦️ Transactions through cheque. ♦️ Deposit of cash ♦️ Deposit through cheque ♦️ Cash withdrawal or deposit via ATM. ♦️ Internet banking transaction ♦️ Crediting interest earned mandate on Fixed deposit to Savings Bank Account 🔷When does a bank assume an account as inoperative? If there is no transaction in the account for one year, the bank tries to contact the account holder or the nominee. In case of no replies, the bank will send int...

Monetary Policy Under the amended RBI Act, the monetary policy making is as under: ➖The MPC is required to meet at least four times in a year. ➖The quorum for the meeting of the MPC is four members. ➖Each member of the MPC has one vote, and in the event of an equality of votes, the Governor has a second or casting vote. ➖The resolution adopted by the MPC is published after conclusion of every meeting of the MPC in accordance with the provisions of Chapter III F of the Reserve Bank of India Act, 1934. ➖On the 14th day, the minutes of the proceedings of the MPC are published which include: a. the resolution adopted by the MPC; b. the vote of each member on the resolution, ascribed to such member; and c. the statement of each member on the resolution adopted. ➖Once in every six months, the Reserve Bank is required to publish a document called the Monetary Policy Report to explain: a. the sources of inflation; and b. the forecast of inflation for 6-18 months ahead. Legal Framework Reserve ...

 ✅ Important Protocol Full Form 📟 FTP- File transfer protocol 📟 HTTP - Hypertext transfer protocol 📟 HTTPS- Hypertext transfer protocol over secure sockets layer 📟 APIPA- Automatic private internet protocol addressing 📟 APR- Address resolution protocol 📟 DHCP - Dynamic host configuration protocol 📟 ICMP- Internet control message protocol 📟 IMAP - Internet mail access protocol 📟 IP- Internet protocol 📟 IPCONFIG - Internet protocol configuration 📟 IPP- Internet printing protocol 📟 IPSEC- Internet protocol security 📟 LDAP- Lightweight directory access protocol 📟 NNTP- Network news transfer protocol 📟 POP3- Post office protocol3 📟 PPP- Point-to-point protocol 📟 PPTP- Point-to-point tunneling protocol 📟 RIP- Routing information protocol 📟 SMTP- Simple mail transfer protocol 📟 SNMP - Simple network management protocol 📟 TCP- Transmission control protocol 📟 TCP/IP- Transmission control protocol/internet protocol 📟 TFTP- Trivial file transfer protocol 📟 UDP- User da...

 *An INDIGESTIBLE TRUTH* 1) When we were in school we were told that we must be the best 2) When we started working we were again competing to be the best 3) When we started our Practice we again wanted to be the best in our Practice 4) And then we started to wonder why we are not Growing and becoming Wealthy despite being the best 5) This is because there are only 24 hours in a day and we can do nothing to get more time 6) Unless we work with smart people in our team 7) If we work with 10 people for a shared Vision our day grows to 24 hours × 10 = 240 hours 8) So to become *Wealthy* and Make your Business *BIG* you need to *Build Systems, Processes & Automation* 9) You may or may not be the *BEST* but you need to *FOCUS* on *Hiring the Best* 10) *Competition* has to open the doors to *Collaboration* *If you want to know about this please join our MFP Introduction Session on Wednesday at 5pm* *For more details join this WhatsApp Group* 8279470702

 Questions for JAIIB PAPER 1 PPB & bank promotion 1. The RBI was set up on the recommendations: a) Narsimam Committee b) Royal Commission c) East India company d) Chore Committee Ans: b) RBI was set up on the recommendation of Royal commission also known as Hilton-Young commission 2. The Reserve Bank of India (RBI) commenced its operations on _ during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934. A.1 April 1935 B. 1 April 1936 C. 1 April 1937 D. 1 April 1938 Answer: A 3. When was RBI nationalised? a) January 1,1949 b) January 1,1950 c) January 1,1955 d) January 1,1956 Answer: A 4. Which is not the main function of RBI: a) Inflation control. b) Control on bank credit c) Interest rate control d) Control Spending & Taxes Ans: d) Spending is the function of central bank through Fiscal Policy. 5. What is not correct in Hawkish Policy of RBI a) Aiming to control Inflation b) Raising Interest Rates c) Pausing Interest Rates d) Reducing...

Public Credit Registry  The PCR will be an extensive database of credit information for India that is accessible to all stakeholders. The idea is to capture all relevant information in one large database on the borrower and, in particular, the borrower’s entire set of borrowing contracts and outcomes. The proposed PCR will also include data from entities like market regulator Sebi, the corporate affairs ministry, Goods and Service Tax Network (GSTN) and the Insolvency and Bankruptcy Board of India (IBBI) to enable banks and financial institutions to get a 360-degree profile of the existing as well as prospective borrowers on a real-time basis. Management of PCR Generally, a PCR is managed by a public authority like the central bank or the banking supervisor, and reporting of loan details to the PCR by lenders and/or borrowers is mandated by law. The contractual terms and outcomes covered and the threshold above which the contracts are to be reported vary in different jurisdictions,...

01. HR Department have to be transformed as “Learning” set up with gradients like: a) Self-introspection b) Sensitivity to environmental changes c) Openness to accept new ideas and systems d) All the above Ans: d 02. Which metric views employees as capital rather than as an expense? a) Time to fill b) Training investment c) HR expense factor d) Revenue factor e) None of the above Ans: d 03. The measures the rate at which employees leave the company. a) turnover costs b) turnover rate c) time to fill d) cost per hire e) absence rates Ans: b 04. The counseling Process consists which of following stage? a) Recognizing the problem or issue b) Helping the employee to realize problem c) Managing the problem d) All of the above e) Ans: d 05. HRIS includes the following segments a) Bio- date of employees b) Educational and professional qualifications c) salary and allowances d) All of the above Ans: d 06. When managers use metrics to assess performance and then develop strategies for correctiv...

Jaiib human resources management  01. Human resource managers generally exert -------- within the human resources department and outside the human resources department, a) Line authority; implied authority b) staff authority; line authority c) line authority; staff authority d) functional control; and authoritarian control e) staff authority; specific authority Ans: a 2. Components of HRM are: a) Motivation b) Maintenance c) Acquisition d) All of the above Ans: d 3. HRM component maintenance includes: a) Employee/Labour relations b) Health and safety of employee / Labour c) Both a and b d) None of the above Ans: c 4. Line managers respect the knowledge human resources managers have in areas such as testing and affirmative action. /consequently, human resources managers can influence line managers through ; a) line authority b) functional control c) implied authority d) explicit authority e) human capital Ans: c 5. Which of the following responsibilities do human resources managers ...

JAIIB NUMERICAL SOLVED 1) In a normal distribution 95.5% of all the sample statistics are within ------ standard errors of the population parameter. A) ± 5%                    B) ± 2.25% C) ± 3%           D) None of these Ans: B 2) Out of following, which 3 measures are used in correlation analysis? a) standard error  b) covariance   c) standard deviation d) coefficient of correlation   e) coefficient of determination A) a, b, c           B) a, c, e C) b, d, e                       D) b, c, e Ans: C 3) The correlation coefficient for ten pairs of x- and y- values, with x ranging from Rs.500 to Rs.700, is calculated to be 0.79, and the regression equation is y = 6...

 Moral Suasion Moral suasion refers to an appeal to morality to change or influence behaviour. Moral suasion under economics is defined as the attempt to coerce private economic activity through government exhortation in ways not already defined or dictated by existing statute law. The Reserve Bank of India (RBI) uses moral suasion as a qualitative instrument of monetary policy, unlike statutory liquidity ratio or cash reserve ratio. Moral Suasion is a request by the RBI to the commercial banks to take specific measures as per the economy’s trends. For instance, RBI may direct banks not to give out certain loans. It includes psychological means and informal means of selective credit control. The ‘moral’ element comes from the pressure for ‘moral responsibility’ to function in a way that aligns with furthering the good of the economy. Moral suasion in a narrow sense may sometimes be known as jawboning. 🥏There are two types of moral suasion: ➖“Pure” moral suasion refers to an appeal...

 Good morning My dear students those who are preparing for competitive exams I have made a special telegram and whatsapp group for you If you need daily updates and current affairs alongwith job notification I request you to please join my group and take benefit of the same Last year many students have qualified there exams under my guidance. Now we are trying to help all students by providing pdf notes and discussion groups Whatsapp group link https://chat.whatsapp.com/Je1zuchXR0BDcezSaWtYHg Telegram group link https://t.me/+zev9QV_HhNQxNzA9

  💰Electronic Clearing Service (ECS) Credit The Bank introduced the ECS (Credit) scheme during the 1990s to handle bulk and repetitive payment requirements (like salary, interest, dividend payments) of corporates and other institutions. ECS (Credit) facilitates customer accounts to be credited on the specified value date and is presently available at all major cities in the country. During September 2008, the Bank launched a new service known as National Electronic Clearing Service (NECS), at National Clearing Cell (NCC), Mumbai. NECS (Credit) facilitates multiple credits to beneficiary accounts with destination branches across the country against a single debit of the account of the sponsor bank. The system has a pan-India characteristic and leverages on Core Banking Solutions (CBS) of member banks, facilitating all CBS bank branches to participate in the system, irrespective of their location across the country. ⏱Regional ECS (RECS) Next to NECS, RECS has been launched during th...