Page-12 of Bank

End of Regulated Interest Rates Era

Recently, the Reserve Bank of India has completely deregulated the interest rates. The Interest on Savings Banks Account was the last administered pricing imposed by the banking regulator and now the savings bank account interest rates have been deregulated. This ..

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Current Affairs: November 29, 2011

Presidency University declared CIC Centre declared the prestigious Presidency University the first Cluster Innovation Centre in eastern India. The National Innovation Council has envisaged Cluster Innovation Centres (CIC) as focal points to promote innovation in and around the university system. ..

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India Post to seek Banking License

India Post is the largest postal network in the world, comprising 1.55 lakh post offices, of which nearly 1.4 lakh are in rural areas. The department of posts is currently working on a plan to get a bank licence, which ..

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Differentiated Bank Licences and Issues with New Licenses in India

The Indian financial system currently consists of commercial banks, co-operative banks, financial institutions and non-banking financial companies (NBFCs). The commercial banks can be divided into categories depending on the ownership pattern, viz. public sector banks, private sector banks, foreign banks. ..

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Current Trends: Statutory Liquidity Ratio

As per Section 24 (2A) of Banking Regulation Act 1949, every banking company in India has to maintain equivalent to an amount which shall not at the close of the business on any day be less than certain portion of ..

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India’s first Islamic bank will open in Kerala by 2010

  What is a Islamic Bank? Islamic banking refers to a system of banking or banking activity that is consistent with the principles of Islamic law (Sharia) and its practical application through the development of Islamic economics. Sharia prohibits the ..

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