Banking Awareness Archive

Quantitative and Qualitative Credit Control methods

RBI implements monetary policy through two types of credit control techniques; quantitative or general credit control and qualitative or selective credit control.
Monetary policy aims to achieve accelerated growth with price stability. Implementation of monetary policy is one of the major roles of central banks.  The central banks world over achieve these objectives through two types of credit controls
15 Dec 18 Author CategoryBanking Awareness, Everything About No Comment Read More

Monetary Policy and Its Major Objectives

Monetary Policy, Credit policy, RBI, Monetary authority, Central bank, Lending policy, interest rate, price level, Balance of Payment, BoP, growth, stability, business cycle, monitory method credit control technique, Expansionary, contractionary
Monetary Policy Monetary Policy is the process through which monetary authority of a country controls the supply of money and liquidity in the economy by exercising its control over interest rates. Monetary authority is normally the central
14 Dec 18 Author CategoryBanking Awareness, Everything About No Comment Read More

Back Series GDP data prior to 2011-12

Back Series GDP data is the comparative GDP data relating to periods prior to the present base year 2011-12, calculated in the new method of GDP estimation.
Government of India adopted a new method for calculation of Gross Domestic Product (GDP) growth in 2015.The base year for calculation of GDP was revised from earlier 2004-05 to 2011-12. This created a practical problem of comparing
8 Dec 18 Author CategoryBanking Awareness, Quick Reference One Comment Read More

Roles and responsibilities of RBI

RBI, roles, monetary policy, inflation targeting, minimum reserve maintenance, note issuer, banker’s banker, lender of last resort, bank to government, inflation, deflation, responsibilities, custodian of cash, clearing house, currency chest,
Reserve Bank of India (RBI) is constituted as the apex institution of Indian monetary system and financial system.  RBI  is responsible for implementation of monetary policy to control and ensure stability of the monetary and banking system.
28 Nov 18 Author CategoryBanking Awareness, Regulators & Institutions No Comment Read More

Reserve Bank of India (RBI)

RBI, Reserve Bank of India, Governor, Board of Directors, DICGC, NHB, BRBNMPL, Local Board, Deputy Governor, evolution, subsidiaries
Reserve Bank of India (RBI) is the apex institution of Indian monetary system and financial system. Being the central bank of the country, RBI is the institution that control and stabilize the monetary and banking system.  Evolution
27 Nov 18 Author CategoryBanking Awareness, Regulators & Institutions No Comment Read More

Types of Complaints To Banking Ombudsman

Complaint, customer, banking, service, grievance, deficiency, para-banking, mutual fund, insurance, credit card, general banking service, loans, advances
Banking ombudsman scheme is a fast and low cost forum for quick resolution of customer grievances relating to deficiency in certain banking services.  What are the complaints that can be filed with banking Ombudsman? Any person aggrieved
17 Nov 18 Author CategoryBanking Awareness, Regulators & Institutions No Comment Read More

Banking Ombudsman Scheme of RBI

Ombudsman, Banking, Scheme, RBI, complaint, banking service, deficiency, ATM, Card, credit card, para banking, mutual fund, insurance, grievance, senior official, award, compensation
Banking ombudsman scheme is an efficient, low cost and fast customer grievance forum for bank customers in India. The Banking ombudsman scheme was introduced in India by Reserve Bank of India (RBI) in 1995 under the powers
16 Nov 18 Author CategoryBanking Awareness, Everything About One Comment Read More

Payment Cards in Digital Banking

payment card, plastic card, Debit card, card, credit card, ATM card, prepaid card, stored value card, charge card, virtual card, John Biggins, Charge-It, EMV chip, POS, Card Verification Value, CVV, CVD2, Card Not Present, single purpose card, multi purpose card,
A payment card is normally a plastic card that allows the holder to make an electronic payment. It has played a crucial role in the advancement of digital banking. Debit card, credit card, ATM card, prepaid card,
13 Nov 18 Author CategoryBanking Awareness, Everything About No Comment Read More

Digital Public Credit Registry (PCR) in India – An overview

PCR, Public Credit Registry, RBI, digital PCR, single data source, credit information, credit, lender, borrower profile, digital banking, UPI, Aadhaar, GSTN, SEBI, Deosthalee committee, HTF, EOI, set up
Public Credit Registry (PCR) was indicated as a prerequisite by Reserve bank of India (RBI) for moving towards equitable and timely access to credit. PCR was muted as a giant step towards formalizing credit in India. RBI
5 Nov 18 Author CategoryBanking Awareness, Regulators & Institutions No Comment Read More

Initiative Q- Digital Banking Payment System in the Making

Initiative Q, Currency Q, Q, Q payment network, cryptocurrency, enrolment, incentive, digital banking, reward currency,
Initiative Q is a new payment system in the making. It has become a new buzzbord in financial sector. Initiative Q is in the early stages of establishment and the promoters expect to absorb and integrate the
4 Nov 18 Author CategoryBanking Awareness, Digital Banking Products No Comment Read More