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  • President’s nod for ordinance to amend companies law

    Posted on November 11, 2018 by Mockmania in MONEY & BANKING

    President Ramnath Kovind has given his assent to an ordinance that seeks to promote Ease of Doing Business along with better corporate compliance. The ordinance — Companies Amendment (Ordinance), 2018 — was promulgated on Friday and is based on the recommendations of the Committee appointed by the Government to review offences under the Companies Act, 2013, an official release said. The main amendments relate to shifting of jurisdiction of 16 types of corporate offences from the special courts to in-house adjudication, which is expected to reduce the case load of Special Courts by over 60 percent, thereby enabling them to […]

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  • Finance Ministry likely to finalise second round of capital infusion in PSBs this month

    Posted on November 11, 2018 by Mockmania in MONEY & BANKING

    The Finance Ministry is likely to finalise the second round of capital infusion for public sector banks (PSBs) towards the end of this month taking into account the latest quarter’s performance, sources said. In this round of fund infusion, most of the banks would be getting growth capital for expanding their lending, particularly to micro, small and medium enterprises (MSMEs). Last week, Prime Minister Narendra Modi launched a slew of measures, including loan sanction of up to Rs 1 crore in less than an hour and relaxation in labour and environmental laws for MSMEs to give a boost to the sector, […]

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  • BoB-Dena-Vijaya Merged Bank to get growth capital

    Posted on October 23, 2018 by Mockmania in REFORM IN BANKING INDUSTRY

    The government will provide an additional capital cushion to the proposed merged bank to be formed by amalgamation of Bank of Baroda, Dena BankNSE and Vijaya BankNSE to start the new bank on a stronger footing, a senior government official told. “We will like to have a cushion of at least 50-100 basis points above the existing regulatory capital requirements. The bank will be provided with that growth capital,” he added. The actual capital infusion requirement in money terms will be available only after financials of the July-September quarter are available. In September, the government had proposed a merger of the […]

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  • Things to know about BASEL III

    Posted on October 2, 2018 by Mockmania in Uncategorized

    7 things to know about BASEL III norms You may have often heard BASEL III norms mentioned in the news. These are important global norms that set a common standard for banks across countries. This is why there are global norms called the BASEL norms, to set common standards for banks across countries. Originally set in 1974, the most recent set of norms, called BASEL III, is likely to be implemented in India from 2019. This affects a lot of banks. If you are an investor, you may need to know about the BASEL III norms. Why need BASEL norms?It […]

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  • CAIIB – BFM – Correspondent Banking and NRI Accounts

    Posted on September 16, 2018 by Mockmania in CAIIB - BFM

    Corresponding Banking is the relationship between two banks which have mutual accounts with each other, r one of them having account with the other. 2. Functions of Corresponding Banks: A. Account Services i. Clearing House Functions ii. Collections iii. Payments iv. Overdraft and loan facility v. Investment Services B. Other Services i. Letter of Credit Advising ii. LC confirmation iii. Bankers Acceptance iv. Issuance of Guarantees – Bid-bond, Performance v. Foreign Exchange services, including derivative products vi. Custodial Services etc. 3. Types of Bank Accounts: The foreign account maintained by a Bank, with another bank is classified as Nostro, Vostro, […]

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  • CAIIB – BFM – BASICS OF FOREX DERIVATIVES

    Posted on September 16, 2018 by Mockmania in CAIIB - BFM

    Forex Derivatives Thanks to the unmatched liquidity and competition in the forex market, trading currencies also allows a trader to take advantage of a number of other instruments which use currencies as the underlying asset. Active trading in many of these derivatives has further enhanced the status of currencies as one of the world’s most actively traded assets. Most of the more unusual derivatives, especially the exotic options and interest rate products, currently trade primarily in the Over-the-Counter or OTC forex market between major banks and their corporate and institutional clients. Types of Forex Derivatives Some of the financial instruments […]

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  • CAIIB – BFM – Exchange Rates and Forex Business

    Posted on September 16, 2018 by Mockmania in CAIIB - BFM

    1. Foreign Exchange: Conversion of currencies from the currency of invoice to the home currency of the exporters is called as Foreign Exchange. 2. Foreign Exchange Management Act (FEMA),1999 defines Foreign Exchange as o “ All deposits, credits and balances payable in foreign currency and any drafts, traveler’s Cheques, LCs and Bills of Exchange, expressed or drawn in Indian Currency and payable in any foreign currency.” Any instrument payable at the option of the drawee or holder, thereof or any other party thereto, either in Indian Currency or in foreign currency, or partly in one and partly in the other. 3. A Foreign Exchange […]

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  • CAIIB – ABM – Time Series

    Posted on September 14, 2018 by Mockmania in CAIIB -ABM

    Time Series Definitions A times series is a set of data recorded at regular times. For example, you might record the outdoor temperature at noon every day for a year. The movement of the data over time may be due to many independent factors. Long term trend: the overall movement or general direction of the data, ignoring any short term effects such as cyclical or seasonal variations. For example, the enrollment trend at a particular university may be a steady climb on average over the past 100 years. This trend may be present despite having a few years of loss or stagnant […]

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  • CAIIB – ABM – Sampling Method

    Posted on September 14, 2018 by Mockmania in CAIIB -ABM

    Sampling Method A sampling method is a procedure for selecting sample members from a population. Sampling Methods can be classified into one of two categories: Probability Sampling: Sample has a known probability of being selected Non-probability Sampling: Sample does not have known probability of being selected as in convenience or voluntary response surveys Probability Sampling In probability sampling it is possible to both determine which sampling units belong to which sample and the probability that each sample will be selected. The following sampling methods are examples of probability sampling: Simple Random Sampling (SRS) Stratified Sampling Cluster Sampling Systematic Sampling Multistage Sampling (in which […]

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  • CAIIB – ABM – Time Value of Money

    Posted on September 14, 2018 by Mockmania in CAIIB -ABM

    Time value of money The time value of money is a theory that suggests a greater benefit of receiving money now rather than later. It is founded on time preference. The time value of money explains why interest is paid or earned: Interest, whether it is on a bank deposit or debt, compensates the depositor or lender for the time value of money. It also underlies investment. Investors are willing to forgo spending their money now if they expect a favorable return on their investment in the future.   In this article we will discuss about:- 1. Calculation of Interest Rates and Discounting of Cash-Flows 2. Term Structure and Interest Rates. Calculation of […]

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