GENERAL BANKING Archive

Incremental Cash Reserve Ratio (I-CRR) 

I-CRR, ICRR, Incremental Cash Reserve Ratio, CRR, inflation, SCB, Scheduled Commercial Banks, Reserve Ratio, Net Demand and Time liabilities, NDTL, RBI, SLR, Repo rate
Incremental Cash Reserve Ratio (I-CRR) is a temporary measure announced by the Reserve Bank of India (RBI) to absorb surplus liquidity from the Indian banking system. This reserve is in addition to the Cash Reserve Ratio (CRR)
13 Aug 23 Author CategoryBanking News, Banking Terms - Loans, Quick Reference No Comment Read More

Deposit Insurance for Bank Deposits- DICGC and Banks

DICGC, Deposit Insurance and Credit Guarantee Corporation, deposit insurance, coverage of Rs. 5,00,000, Premium borne by bank, eligible banks, types of accounts, capacity, right, ownership, different banks, different branches, display on website, cancellation,
Deposit Insurance and Credit Guarantee Corporation (DICGC) offers insurance protection for deposits up to Rs. 5,00,000 held in same ownership/right in each bank. Deposits in same capacity held in different branches of same bank or different
24 Jul 23 Author CategoryBanking Awareness, Everything About, Regulators & Institutions No Comment Read More

HDFC Bank among top 10 banks in terms of Market Capitalization

HDFC Bank, Market Capitalization, MC, Bloomberg, rank, global, list, ICICI Bank, SBI, India, list, HDFC Ltd,
HDFC Bank formed after the merger of HDFC Ltd with HDFC Bank is the 7th largest global lender in terms of Market Capitalization. In India, ICICI and SBI ranks next to HDFC Bank.
23 Jul 23 Author CategoryBanking News, Developments No Comment Read More

Freezing/ Lien Marking of Accounts by Banks-Complaints Registered in NCCRP

Freezing, lien marking, account, NCCRP, LEA, digital banking, fraud, sections, Criminal Procedure Code, high court , Kerala, controversy
Account freezing/lien marking by banks based on the directions, issued by the LEAs on complaints in NCCRP has become controversial in Kerala. This article analyses various aspects of the matter.
22 Apr 23 Author CategoryBanking News, Digital Banking Awareness No Comment Read More

Positive Pay System for CTS and Banks

Positive Pay System for CTS, Cheque Truncation System ,CTS, cheque, fraud, Rs. 50,000, drawer, drawee, issuer, beneficiary, data, cross verification, drawee bank, presenter bank, image of cheque, clearing, NPCI, mandatory
Positive Pay System for Cheque Truncation System (CTS) is the concept muted by Reserve Bank of India, banking regulator, to make cheque based transactions safer by minimising frauds. The plan to introduce Positive Pay System for Cheque
11 Oct 20 Author CategoryBanking News, Digital Banking Awareness, Everything About No Comment Read More

Delisting Plan of Vedanta Ltd- Update

delisting plan, Vedanta, Delisting of equity shares, LIC, Exit price, discovered price, Reverse Book building, counter offer, stock exchange, SEBI guidelines, bidding platform, exit price, discovered price, 90%, paid up capital, Rs. 87.50, Rs. 320, share, offer price
Vedanta Ltd’s announcement of delisting plan of equity shares continues to grab the attention of  entire Indian  equity investors, apart from its own share holders. Initially it was on account of the low offer price decided by
10 Oct 20 Author CategoryBanking News, Equity, Quick Reference One Comment Read More

Vodafone Vs IT Department-HEL Acquisition

Vodafone Vs IT Department dispute, Hutch Essar Ltd, Arbitration, Hutchison Telecommunications International Limited, HTIL, tax claim, Capital Gain Tax, Permanent International Court of Arbitration, Hague, Vodafone Group PLC, Vodafone International Holdings B.V, Hutchison Whampoa, General anti-avoidance rule, GAAR, treaty
The ruling of the Permanent Court of Arbitration based in Hague, in Vodafone Vs Income Tax (IT) Department (India) dispute on the demand of withholding tax on the acquisition of Hutch Essar Ltd, is in favour of
3 Oct 20 Author CategoryCorporate Taxes, Indian Economy Comments 8 Read More

Vodafone Vs IT Department Tax Dispute-Timelines

Vodafone Vs IT Department dispute, Hutch Essar Ltd, Arbitration, Hutchison Telecommunications International Limited, HTIL, tax claim, Capital Gain Tax, Permanent International Court of Arbitration, Hague, Vodafone Group PLC, Vodafone International Holdings B.V, Hutchison Whampoa, General anti-avoidance rule, GAAR, treaty
Vodafone Group PLC is now relieved to a great extent. The ruling of the Permanent Court of Arbitration based in Hague, supports the company’s stance that there was no tax liability on its part in the acquisition
3 Oct 20 Author CategoryCorporate Taxes, Indian Economy Comments 7 Read More

FedSwagat–Digital appointment booking channel to visit Federal Bank

FedSwagat, booking platform, appointment, Federal Bank, banking transactions, digital channel, online, digital banking products, time slot,
FedSwagat is an innovative appointment booking channel launched for visitors by the Federal Bank Ltd. The bank, which is one of the major commercial sector banks in India, has always been in the forefront in adopting technology,
21 Jun 20 Author CategoryBanking News, Banking Products & Schemes, Digital Banking Awareness Comments 3 Read More

Guaranteed Emergency Credit Line (GECL) for MSMEs-Lenders guaranteed by NCGTC

GECL, Guaranteed Emergency Credit Line, ECLGS, NCGTC, 20%,MSME, Emergency Credit Line Guarantee Scheme, National Credit Guarantee Trustee Company, Atmanirbhar Bharat Yojna, MSME, Business enter prises, PMMY, . Scheduled Commercial Banks, NBFC, Rs. 25 Cr, turn over, Rs. 100 Cr, GST registration, interest rate, external benchmark, NBFC, 14%, 9.25%, collateral,
Guaranteed Emergency Credit Line (GECL) is the loan extended to eligible MSMEs/ Business Enterprises being 20 per cent of the loan outstanding as on February 29,2020. The Finance Minister had announced a collateral free, guaranteed credit scheme
24 May 20 Author CategoryBank Loans- General, Banking News, Everything About No Comment Read More