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DENA Bank recruits 300 Probationary Officers Bank of Baroda PO recruitment through Baroda Manipal School of Banking LAKSHMI VILAS BANK - PROBATIONARY OFFICER RECRUITMENT - LAST DATE TO APPLY 17.04.2017 PARTNERS/INVESTORS REQUIRED CONTACT MOHAN-97890 77090 bankexamcracking.com WELCOMES YOU. Axis Bank started the recruitment process through Axis Bank Young Banker Programme

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17.03.2017

Indian banks had stressed loans of Rs. 9.64 lakh crore as of end-December, Santosh Gangwar, minister of state for finance, told lawmakers on Friday. As of end-September, the banks’ total stressed loans were Rs. 8.97 lakh crore, according to data from the Reserve Bank of India.
Stressed loans include bad loans and restructured or rolled over loans.

The country’s largest lender State Bank of India has incorporated a specialised firm — SBI Infra Management Solutions Pvt Ltd (SBIIMS) — that will manage its premises and real estate property across the country. The move is seen as public sector banks’ efforts to exit non-core activities to improve balance sheet as they have piled up huge bad assets over the past few years. With strict guidelines from government, many state-owned banks are exiting their non-core activities as well as selling their bad loans to asset reconstruction companies and other financial entities. SBI said that the new entity has been established to save time of banks’ executives who are involved in managing these non-core businesses. “The primary role of the new entity will be to handle transaction management/ advisory services, project management, facility management and implementation of policies and initiatives,” SBI said in a statement today.

Non-Banking Finance Companies (NBFCs) cannot lend more than Rs 25,000 in cash against gold, the Reserve Bank said today. The earlier provision for NBFC was that high value loans against gold of Rs 1 lakh and above must only be disbursed by cheque. RBI reduced the amount to Rs 25,000 from the earlier Rs 1 lakh in line with the provisions of the Income Tax Act.

Country’s largest lender State Bank of India today launched a new facility to enable its employees to work from home. The Board of the bank has recently approved the ‘Work from Home’ policy to enable its employees to work while at home using mobile devices to address any urgent requirement they may have, that prevents their travelling to work. The lender will be using mobile computing technologies and shall have continuous control over all the enabled devices centrally to manage and secure the data and applications on the mobile devices, the bank said in a statement here today.

12.03.2017

The Reserve Bank of India main objective behind payments banks is to achieve financial inclusion of millions of people, particularly in the remote areas of the country. It is to serve the need of transaction and savings account in rural areas. But with transfer and withdrawing charges so high, it might not attain the desired purpose. In 2015, the Reserve Bank of India gave approval to 11 applicants including Paytm to set up these banks. Soon Paytm is expected to come out with its payments bank. Reach of Payments banks is sure going to be more than the number of bank branches in the country but unsustainable rates and high cost of transaction should not be deterrent in its expansion.

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