Studied the objectives,code of bank’s commitment to customers, The micro.small and medium enterprises development act 2006,code of bank’s commitment to MSEs and banking ombudsman
NPA - Non Performing Assets by Meka SantoshSantosh Meka
NPA which is gobal problem for the banks with the borrower who they not pay money back to the banks with the given period of time.The silde have been describing toward INDIAN bank. More over it includes the impact, problem, solution and action taken by RBI and Govt of India to solve the issue of NPA.
A powerful presentation on non performing assets which very much influencial when presented before others. Being a law student, I myself created the presentation and presented before the elite authorities which impressed them to a larger extent.
elationship between banker and customer
,
definition of a banker and customer
,
definition of banking
,
general relationship between banker and customer
,
relationship as debtor and creditor
,
special relationship: banker as trustee
,
pawner and pawnee
,
bailer and bailment relationship
,
mortgager and mortgagee relationship
,
executer
,
attorney
,
guarantor
,
duties of a customer
,
rights and duties of the banker towards the custom
,
rights of a banker
,
garnishee order
This presentation covers Merchant Banking History; Categories; Services provided by them; Methods of placement; underwriting; Issue management & SEBI guidelines.
Indian financial system and role of financial institutionsSiddharth Gupta
The Financial System of any country refers to a system that provides
smooth and efficient relationship between the borrowers and the lenders.
This system aims at establishing effective medium for generating funds from
various sources. A financial system may be defined as a set of institutions,
instruments and markets which fosters savings and channels them to their
most efficient use. The main function of this financial system is to assemble
wide spread savings from household individuals and industrial firms.
FEATURES OF INDIAN FINANCIAL SYSTEM
-It plays a vital role in economic development of a country.
-It encourages both savings and investment.
-It links savers and investors.
-It helps in capital formation.
-It helps in allocation of risk.
-It facilitates expansion of capital markets.
-It aids in financial deepening and financial broadening.
FINANCIAL INSTITUTIONS
Financial institutions are the participants in a financial market. They are business organizations dealing in financial resources. They collect resources by accepting deposits from individuals and institutions and lend them to trade, industry and others. They buy and sell financial instruments.
and many more things about the Indian financial system.
Studied the objectives,code of bank’s commitment to customers, The micro.small and medium enterprises development act 2006,code of bank’s commitment to MSEs and banking ombudsman
NPA - Non Performing Assets by Meka SantoshSantosh Meka
NPA which is gobal problem for the banks with the borrower who they not pay money back to the banks with the given period of time.The silde have been describing toward INDIAN bank. More over it includes the impact, problem, solution and action taken by RBI and Govt of India to solve the issue of NPA.
A powerful presentation on non performing assets which very much influencial when presented before others. Being a law student, I myself created the presentation and presented before the elite authorities which impressed them to a larger extent.
elationship between banker and customer
,
definition of a banker and customer
,
definition of banking
,
general relationship between banker and customer
,
relationship as debtor and creditor
,
special relationship: banker as trustee
,
pawner and pawnee
,
bailer and bailment relationship
,
mortgager and mortgagee relationship
,
executer
,
attorney
,
guarantor
,
duties of a customer
,
rights and duties of the banker towards the custom
,
rights of a banker
,
garnishee order
This presentation covers Merchant Banking History; Categories; Services provided by them; Methods of placement; underwriting; Issue management & SEBI guidelines.
Indian financial system and role of financial institutionsSiddharth Gupta
The Financial System of any country refers to a system that provides
smooth and efficient relationship between the borrowers and the lenders.
This system aims at establishing effective medium for generating funds from
various sources. A financial system may be defined as a set of institutions,
instruments and markets which fosters savings and channels them to their
most efficient use. The main function of this financial system is to assemble
wide spread savings from household individuals and industrial firms.
FEATURES OF INDIAN FINANCIAL SYSTEM
-It plays a vital role in economic development of a country.
-It encourages both savings and investment.
-It links savers and investors.
-It helps in capital formation.
-It helps in allocation of risk.
-It facilitates expansion of capital markets.
-It aids in financial deepening and financial broadening.
FINANCIAL INSTITUTIONS
Financial institutions are the participants in a financial market. They are business organizations dealing in financial resources. They collect resources by accepting deposits from individuals and institutions and lend them to trade, industry and others. They buy and sell financial instruments.
and many more things about the Indian financial system.
Strategies for Internet Banking Portals in IndiaDeepthi Rajan
Strategies for Internet Banking Portals in India - Scratching the surface of the potential changes that Banks could look at incorporating in their Internet Banking Applications
CURRENT TREND IN INTERNET BANKING (SUBJECT -ENGINEERING ECONOMICS AND MANAG...Vraj Patel
1. NAME- VRAJ P. PATEL ,SUBJECT - EEM ,SY-COMP. -2 SVIT ,VASAD
2.Internet banking involves consumers using the Internet to access their bank account and to undertake banking transactions.
At the basic level, Internet banking can mean the setting up of a Web page by a bank to give information about its product and services.
At an advance level, it involves provision of facilities such as
accessing accounts
funds transfer
buying financial products or services online.
This is called ``transactional'' online banking.
3.BANKING SERVICES THROUGH INTERNET
4.Traditional Banking Vs. Internet Banking
5.Advantages of Internet Banking
6.EXAMPLE OF ICICI BANK
7.CASE STUDY RELATED TO CURRENT TREND OF INTERNET BANKING ,REVIEW OF WORLD WIDE INTERNET BANKING SCOPE ,
8. CONCLUSION
The Reserve Bank of India had recently directed to Public Sector Banks as well as Private Sector Banks to downgrade the asset classification of more than 150 borrower accounts, based upon Asset Quality review, to Non- Performing Assets (NPAs). The exposure of banking sector to such borrower accounts was in the range of ` 1,50,000 Crores to ` 2,00,000 Crores.
RBI GUIDELINES: GUIDELINES FOR COMPROMISE SETTLEMENT OF DUES OF BANKS AND FIN...GK Dutta
As you are aware, the Indian Banks’ Association (IBA) has been issuing guidelines to member institutions for taking up of cases for settlement through Lok Adalats. The position
was reviewed and it was observed that banks have not taken adequate advantage of the Lok Adalats for compromise settlement of their NPAs. There are certain advantages in using the forum of Lok Adalats by banks and financial institutions in compromise settlement of their NPAs. There are no court fees involved when fresh disputes are referred to it. It can take cognizance of any existing suit in the court as well as look into and adjudicate upon fresh disputes. If no settlement is arrived at, the parties can continue with court proceedings. Its decrees have legal status and are binding. It has, therefore, been decided that with a view to making increasing use of the forum of Lok
Adalats to settle banking disputes involving smaller amounts, banks and financial institutions should follow the following guidelines for implementation.
Indian economy towards growth momentum strategic moves neededNeha Sharma
In a recent international survey Indian economy has been rated as the 3rd largest economy of the world, after USA and China, on the basis of Purchase Power Parity (PPP). IMF has also projected a smart recovery of growth rate of Indian GDP to around 5.5% to 6% in next 2 years.
Indian economy towards growth momentum strategic moves neededNeha Sharma
In a recent international survey Indian economy has been rated as the 3rd largest economy of the world, after USA and China, on the basis of Purchase Power Parity (PPP). IMF has also projected a smart recovery of growth rate of Indian GDP to around 5.5% to 6% in next 2 years.
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 2013 or 1956 carrying on the business listed under Section 45 I (c ) of the RBI Act, 1934, i.e.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
2. Know Your Customer (KYC) Norms
Guidelines
The objective of KYC guidelines is to prevent banks from being used, intentionally
or unintentionally, by criminal elements for money. KYC procedures also enable
banks to know/understand their customers and their financial dealings better.
Banks should keep in mind that the information collected from the customer for the
purpose of opening of an account is to be treated as confidential (not for cross
selling or any other purposes).
Banks should ensure that the provisions of Foreign Contribution (Regulation) Act,
wherever applicable, are strictly followed.
Banks should obtain only the ‘mandatory’ information required for KYC purpose at
the time of opening the account/during periodic updation.
3. Contd…
KYC Policy
Banks should frame their KYC policies incorporating the following four key
elements:
(a) Customer Acceptance Policy;
(b) Customer Identification Procedure;
(c) Monitoring of Transactions; and
(d) Risk Management.
4. Customer Acceptance Policy (CAP)
Every bank should develop a clear Customer Acceptance Policy laying down
criteria for acceptance of customers.
Banks should prepare a profile for each new customer based on risk
categorisation. The customer profile may contain information relating to
customer’s identity, social/financial status, nature of business activity, their
location, etc.
For the purpose of risk categorization, individuals (other than High Net Worth)
whose identities and sources of wealth can be easily identified, may be categorized
as low risk.
It is important to bear in mind that the adoption of the policy and its
implementation should not become too restrictive and must not result in denial of
banking services to general public, especially to those, who are financially or
socially disadvantaged.
5. Customer Identification Procedure
(CIP)
Customer identification means identifying the customer and verifying his/her
identity by using reliable data or information.
Acceptance of Aadhaar letter for KYC purposes
Acceptance of NREGA Job Card as KYC document for normal accounts- In
order to avoid inconvenience to customers from rural areas, banks may accept
NREGA Job Card as an 'officially valid document' for opening of bank
accounts without the limitations applicable to 'Small Accounts’.
6. Monitoring of Transactions
Banks can effectively control and reduce their risk only if they have an
understanding of the normal and reasonable activity of the customer so that
they have the means of identifying transactions that fall outside the regular
pattern of activity.
In view of the risks involved in cash intensive businesses, accounts of bullion
dealers and jewellers should also be categorised by banks as “high risk”.
High risk associated accounts should be taken into account by banks to
identify Suspicious Transactions Reports.
7. RISK MANAGEMENT
The Board of Directors of the bank should ensure that an effective KYC
programme is put in place by establishing appropriate procedures and
ensuring their effective implementation.
8. GUIDELINES FOR REPORTING
FRAUDS TO POLICE/CBI
Private sector banks (including foreign banks operating in India) should
follow the following guidelines for reporting of frauds (negligence and cash
shortages, cheating, forgery, etc. )to the State Police authorities:
In dealing with cases of fraud , banks should not only try for recovering
expeditiously the amount involved, but should also be motivated by public
interest and the need for ensuring that the guilty persons do not go
unpunished.
Public sector banks should report fraud cases involving amount of 300 lakh
and above to CBI and those below 300 lakh to local police, as detailed below:
9. Contd..
Cases to be referred to CBI
(a) Cases involving 300. lakh and above and upto 2500 lakh
(b) All cases involving more than 2500 lakh – Banking Security and Fraud Cell of the
respective centres, which is specialised cell of the Economic Offences Wing of the
CBI for major bank fraud cases.
Cases to be referred to Local Police
Cases below 300 lakh – Local Police.
Cases of frauds above 10,000/- but below 1 lakh should be reported to the local
police station by the bank branch concerned.
Fraud cases involving amounts of 100 lakh and above should also be reported to the
Director, Serious Fraud Investigation Office (SFIO), Ministry of Company Affairs.
All fraud cases of value below `10,000/- involving bank officials, should be referred
to the Regional Head of the bank.
10. Guarantees and co-acceptance
The banks should confine themselves to the provision of financial guarantees
and exercise due caution with regard to performance guarantee business.
Banks should guarantee shorter maturities and leave longer maturities to be
guaranteed by other institutions.
No bank guarantee should normally have a maturity of more than 10 years.
While issuing such guarantees, banks are advised to take into account the
impact of very long duration guarantees on their Asset Liability Management.
11. HOUSING FINANCE GUIDELINES
Banks could deploy their funds under the housing finance allocation in any of the three
categories, i.e.
1. DIRECT HOUSING FINANCE
Direct Housing Finance refers to the finance provided to individuals or groups of
individuals including co-operative societies.
The following types of bank finance may be included under Direct Housing Finance:
(i) Bank finance extended to a person who already owns a house in town/village where he
resides, for buying/ constructing a second house in the same or other town/ village for
the purpose of self occupation.
(ii) Bank finance extended for purchase of a house by a borrower who proposes to let it
out on rental basis on account of his posting outside the headquarters or because he
has been provided accommodation by his employer.
12. Contd..
(iii) Bank finance extended to a person who proposes to buy an old house where he is
presently residing as a tenant.
(iv) Bank finance granted only for purchase of a plot, provided a declaration is obtained
from the borrower that he intends to construct a house on the said plot, with the
help of bank finance or otherwise, within such period as may be laid down by the
banks themselves.
2. INDIRECT HOUSING FINANCE
Banks should ensure that their indirect housing finance is channeled by way of term
loans to housing finance institutions, housing boards, other public housing agencies,
etc., primarily for augmenting the supply of serviced land and constructed units.
3.Investment in bonds of NHB/HUDCO, or combination thereof.
NHB – National Housing Bank
HUDCO – Housing and Urban Development Corporation Ltd.
13. Guidelines issued on wilful
defaulters
RBI in consultation with the Government of India, constituted in May 2001 a
Working Group on Wilful Defaulters (WGWD) for examining some of the
recommendations of the Committee.
The Group submitted its report in November 2001. The recommendations of
the WGWD were further examined by an In House Working Group
constituted by the Reserve Bank. Accordingly, the Scheme was further revised
by RBI on May 30, 2002.
14. Master Circular on Branch
Licensing - Regional Rural Banks
(RRBs)
The opening of branches by banks is governed by the provisions of the Banking Regulation
Act. In terms of these provisions, banks cannot open a new place of business in India or
abroad or change otherwise than within the same city, town or village, the location of the
existing place of business without the prior approval of the Reserve Bank of India (RBI).
It is mandatory for RRBs to seek prior approval / license from Rural Planning and Credit
Department (RPCD) of RBI before opening of new branches / offices.
RRBs should fulfill the following conditions, to become eligible to open new branches :
(i) No default in maintenance of SLR and CRR during the last two years;
(ii) Operational profits are being made;
(iii) Net worth shows improvement;
(iv) Net NPA ratio does not exceed 8 per cent.
15. Contd…
Relaxation in Branch Licensing Policy :
RRBs are permitted to open branches in Tier 2 to Tier 6 centers (with population of
up to 99,999 as per Census 2001) without having the need to take permission from
RBI in each case, provided they fulfill the following conditions as per the latest
inspection report:
i) CRAR of at least 9%;
ii) Net NPA ratio less than 5%;
iii) No default in CRR / SLR for the last year;
iv) Net profit in the last financial year;
v) CBS compliant
17. Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio
(SLR)
The various Forms/Returns are given in the Banking Regulation (Co-operative
Societies) Rules, 1966.
In order to monitor the day-to-day position of liquidity of the bank, all
Urban Cooperative Banks (UCBs) are required to maintain a register, as per
format given in Annex 8, showing the daily position of cash reserve and liquid
assets maintained under sections 18 and 24 of the BR Act, 1949 (AACS).
18. Contd…
The work of maintaining the register on daily basis may be entrusted to a
responsible official and it should be put up daily to the Chief Executive
Officer, who is responsible for ensuring compliance with the statutory
liquidity requirements at the close of business every day.
To facilitate compilation of figures under various heads of the register, the
explanations in respect of each item which form part of the Rules.
19. Maintenance of Deposit Accounts
OPENING OF DEPOSIT ACCOUNTS
Introduction not Mandatory for opening accounts.
Photographs of Account Holders
Address of Account Holders.
OTHER SAFEGUARDS:
Permanent Account Number (PAN)/General Index Register (GIR) Number:
The banks are required to obtain PAN/GIR number of a depositor
opening an account with an initial deposit of Rs.50,000/- and above.
20. Contd…
Authorisation:
The opening of new accounts should be authorised only by the
Branch Manager or by the Officer-in-Charge of the Deposit Accounts
Department concerned at bigger branches.
Completion of Formalities:
The banks should ensure that all account opening formalities are
undertaken at the bank's premises and no document is allowed to be taken out
for execution.
21. INTERNAL INSPECTION AND AUDIT
Internal Audit Machinery:
The head of the inspection department at the Head Office should be a
sufficiently senior person and should report directly to the Chairman.
If the bank has Regional Offices, there should be an audit machinery under
an official of sufficient seniority as the Regional Office Chief to conduct the
periodic audit of branches under its jurisdiction.
Periodicity of Internal Audit:
The periodicity of the internal audit of the branches should be at least
once in every 12 months, which should be really of surprise character.
22. Contd…
Compliance with Prudential Norms:
Internal auditors should bring out non-compliance with the prudential norms
relating to income recognition, asset classification and provisioning for taking
suitable action in the matter.
Revenue Audit
The reasons of leakage of income unearthed during such audit should be
examined in-depth and action taken against the officials responsible for the
lapses.
23. Contd…
Cheque Purchase Transactions
The internal inspectors should verify all the cheque
purchased/discounted beyond the sanctioned limit. They should be asked to
conduct a sample checking of transactions.
Supplementary Inspections/Audit
The annual internal inspection may be supplemented by surprise short
inspections, revenue audit, credit portfolio audit etc. in large sized banks.
24. RATE OF INTEREST PAYABLE ON CURRENT ACCOUNTS
Primary (urban) co-operative banks may, at their discretion, pay interest at a
rate not exceeding half per cent per annum on current accounts.
As the discretionary provisions generally lead to increase in cost of such
deposits, banks are encouraged not to pay interest on current accounts.
Interest on current account balances, wherever paid, shall be calculated on a
daily product basis and paid on quarterly or longer rests.
25. RATE OF INTEREST PAYABLE ON SAVINGS DEPOSITS
Banks should pay interest on domestic savings deposits at the rates specified
in the Annex 1 to this Circular.
With effect from November 25, 2011, the interest rate on saving bank deposit
for resident Indian has been deregulated. Accordingly, banks are free to
determine, their savings bank deposit interest rate.
Interest on balances in savings bank accounts should be calculated on a daily
product basis.
Such interest should be paid at quarterly or longer rests.
Banks may continue to credit the interest to the savings bank accounts frozen
by enforcement authorities on a regular basis.
26. ROLE OF DIRECTORS - DOs AND DON’TS
DOs
(a) Discipline & Involvement
(b) Constructive & Developmental Role
(c) Business Specific Contribution
DON’TS
(a) Non-Interference
(b) No Sponsorship
(c) Confidentiality
27. REFERENCES
RBI Website (www.rbi.org.in)
Links referred are :
http://rbi.org.in/scripts/BS_ViewMasterCirculardet
ails.aspx?did=342
http://rbi.org.in/scripts/BS_ViewMasterCirculardet
ails.aspx?did=340