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Public Sector State-run bank Punjab National Bank may quit upcoming IBA wage settlement i.e. 11th Bipartite Settlement of Wage revision to introduce their own wage structure. PNB has set up an internal committee consisting of general managers which is studying the feasibility of a new wage structure for the bank. Afterward bank would decide to […]
Government of India and Reserve Bank of India (RBI) has banned the existing Rs 500 and Rs 1000 notes from the circulation and transaction with immediate effect. Starting 09th Nov transaction in these two currencies are not valid as the legal tender of these two denomination of notes are stands invalid. Starting November 09th currency […]
Banker’s DA For November 2016– The Dearness allowance in public sector banks for the months of Nov, Dec and Jan 2017 has been increased by 2.30% to 47.80% as compare to previous hike in the month of August 2016. Salary at all the scale including the special pay will be hike by 2.30% approx. Bank […]
Central Government Infuse Rs 22,915 Crore Capital in various Public Sector Banks as per the requirement of individual banks depending on the various criteria. The government in July had announced the first round of capital infusion of Rs 22,915 crore for 13 banks. The capital infusion in the different public sector bank for the current fiscal […]
Calculate Security Coverage Ratio – This is the most required ratio formula for loan approval. Majority of loan inclusive of Term loan and overdrafts are made eligible based on this formula. Asset coverage ratio is the measurement tools for company debt obligations against its assets. There are many bankers which define the security coverage ratio […]
Before financing the Housing loan or Mortgage loan or any loan against the mortgage of property, follow the specified guidelines for correct procedure if property are being mortgaged by legal heirs or property bought by legal heirs. In India property are being bought from the legal heirs under two major condition i.e. either There is […]
As per Income Tax rule section 159 , it is necessary to file tax return of dead person if liability incurred. It is the duty of the legal heir to file the tax returns of dead person or any one who claim the assets of deceased. How Much Income Tax needed to pay by Legal […]
Those who are working in the Bank branches are use to with this query.Every alternate day customer come with ready made complaint saying “He/she did not receive the credit of RTGS payment in their account”. Real Time Gross Settlement or RTGS is the settlement services provided by each of the scheduled bank in India where […]
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