Banking News Dated 31st August 2018 | SBI warns of 'noticeable increase' in counterfeit notes detected in new Rs 500, Rs 2,000 notes
Banking News: August 31, 2018
|
_
SBI warns of 'noticeable increase' in counterfeit
notes detected in new Rs 500, Rs 2,000 notes
The
International Business Times (IBTimes)
Published
on August 30, 2018
|
There
was a "noticeable increase" in the fake currencies detected in the
denomination of the new Rs 500 and Rs 2,000 notes which are up by 4,178
per cent and by 2,710 per cent respectively
Mumbai, August
30: The State Bank of India (SBI) has said that the newly
introduced notes can be counterfeited and the consumers and banks should
brace themselves for more fake note discoveries. The report published by SBI
has a divergent opinion with the RBI claims which said that the newly
introduced notes of Rs 100, 500 and 2,000 have some additional security
features and cannot be counterfeited.
In a report released
after the RBI published its annual report, the in-house SBI economist said,
"The promise of RBI that new currency notes of Rs 200 and Rs 500 (post
demonetisation) are more secure and less prone to counterfeit is not entirely
correct."
|
Monday (03-09-2018) Holiday for Bankers for KRISHNASHTAMI Festival
Dear friends,
On 03-09-2018 will be declared as holiday for Krishnashtami.
UFBU Requested the State Govt for holiday
RBI Says 99.3% of Money Came back During Demonetization | Banking News Dated 30th August 2018
Banking News: August 30, 2018
|
_
Almost all of demonetised currency
came back; 99.3% returned, says RBI
Abhijit Lele
The
Business Standard
Published
on August 30, 2018
|
The
total value of SBNs returned to banks is
Rs
15.31 lakh crore, RBI said in its 2017-18 annual report
Mumbai, August 29:
Reserve Bank of India has completed the task of processing and verification
of the large value notes (Rs 500, Rs 1,000) which were withdrawn from
circulation following their demonetisation in November 2016.
The total value of
banned notes, which RBI refers to as Specified Bank Notes (SBNs), in
circulation as on 8 November 2016, post verification and reconciliation, was
Rs 15.41 lakh crore.
|
RBI 2017-18 Annual Report Published on 29th August 2018
Dear Friends,
RBI has released its Annual Report on 29th August 2018 for the Financial year 2017-18
Please follow the below link to read the 268 Pages Report below
Thanks and keep visit for more updates......!!!!!!!!!!
RBI has released its Annual Report on 29th August 2018 for the Financial year 2017-18
Please follow the below link to read the 268 Pages Report below
Thanks and keep visit for more updates......!!!!!!!!!!
Banking News Dated 29th August 2018
Banking News: August 29, 2018
|
_
RBI deadline over,
20 new NPA accounts to go to NCLT
Gopika Gopakumar, Malvika Joshi
& Shayan Ghosh:
The Mint
Published
on August 29, 2018
|
Essar Power, Reliance
Naval and Jindal India Thermal are among the 20 NPA accounts that banks will
refer to NCLT for debt resolution under the insolvency and bankruptcy code
|
How to Self Motivate Yourself to Study and Pass/Crack JAIIB November 2018 & CAIIB December 2018 Exams ?
Dear Friends,
We would like to motivate you to pass JAIIB & CAIIB from our side. Take it in a healthy manner please
Follow some of this tips (if you like it only) to Crack JAIIB Nov 2018/ CAIIB Dec 2018
We are going to discuss this in 3 parts here itself. Like below,
1. Right Now,
2. Todo (Daily),
3. Gift yourself when you achieve something.
We would like to motivate you to pass JAIIB & CAIIB from our side. Take it in a healthy manner please

Follow some of this tips (if you like it only) to Crack JAIIB Nov 2018/ CAIIB Dec 2018
We are going to discuss this in 3 parts here itself. Like below,
1. Right Now,
2. Todo (Daily),
3. Gift yourself when you achieve something.
In the first part, i.e, Right Now,
Prepare a time table for your Preparation. Prepare this time table as
feasible to your timings only, Not like below example
Timings
|
Todo’s
|
12AM
to 4AM (4 Hours)
|
Sleep
|
4AM
to 9AM (5 Hours)
|
Study
(JAIIB/CAIIB)
|
9AM
to 5PM (8 Hours)
|
Work
(Duty)
|
5PM
to 12AM (7 Hours)
|
Study
again (JAIIB/CAIIB)
|
Do you want to prepare time table like above. Here, in the above
time table you are sleeping about 4 hours only and duty about 8 hours and
studying about 5 + 7 hours (i.e, 12 hours daily). Is it possible for you
to study 12 hours by having 8 hours of Banking duty ?. Obviously not. Right??
·
So make a time table which is feasible according to your
requirements.
·
So make a time table like below (Follow only if it is acceptable
to you)
Timings
|
Todo’s
|
11PM
to 7AM
|
Sleep
|
7AM
to 9AM
|
Study
(JAIIB/CAIIB)
|
9AM
to 5PM
|
Work
(Duty)
|
5PM
to 8PM
|
Enjoy
with your Friends & Family
|
8PM
to 10PM
|
Study
again (JAIIB/CAIIB)
|
10PM
to 11PM
|
Dinner
/ Free time
|
Here, in the above Time table you are having only 2+2 hours of
study. It may not be bother to you. If you want you may add more time by
adjusting your other Todo's.
·
So you can attend all of your daily activities with 8 hours sound
sleep.
In 2nd part, i.e, Study Regularly (on
Daily Basis)
If you make habit of studying daily you will achieve something
that you won’t believe.
·
Make a Selective study,
i.e, you don’t need to study full syllabus to pass the exam right.?. So At least 2
or 3 modules perfect study and remaining ones partial study is enough. So make
a selective study of your modules.
(Please ensure before you choose your modules as some modules will
give more score than others. So think on it.)
·
Read at least one chapter (including Exercise in the chapter ) per
subject daily (i.e 3 chapters in all 3 papers either in JAIIB or CAIIB
whichever you are preparing) Why because you won’t get bored by reading
all subjects.
·
You will get some confidence after 15 or 20 days as you are going
to complete 3/4th syllabus in each Subject simultaneously.
Note: You can use your travel/journey time to use as study time if
you are travelling to your workplace on regular basis.
In 3rd part, i.e, Treat Yourself with Something New
Make some short term goals and long term goals. If you achieve any
one of your goals treat or gift yourself with something.
·
If you complete/pass/crack one subject in exam then gift yourself
with something like New shirt or Trousers or Shoes…etc
·
If you complete Full JAIIB/CAIIB, gift yourself with something
like Mobile phone(s) , Computer or something valuable that you feel….etc
Note : Don’t buy any new things for you till you achieve
something. So that you will have some determination to achieve your goals.
Do you know why we suggest this method ……???
At least for your desired need/want you will work harder than when
you don’t want anything.
Hope you could enjoy this article....!
Thanks and keep visit for more updates...........!!!!
3rd Paper of JAIIB is Legal and Regulatory Aspects of Banking (18th November 2018)
JAIIB Exam Details in short (common to all 3 papers)
Duration : 2 Hours
Marks : 100 Marks
No.Of Questions : 120 (there
will be 0.5 marks, 1 mark, 2 marks questions)
As we said in our earlier post Introduction to JAIIB by IIBF This Paper is tough (even than Accounting and Finance for Bankers paper) as it is full theoretical Paper.
LEGAL & REGULATORY ASPECTS OF BANKING: [This Subject has 67 Chapters in total]
Let us discuss about this paper in overview.
This
paper has 4 Modules (Module A, Module B, Module C, Module D) as usually.
Module - A (15-20 marks)*
Regulations and Compliance (This Module has 5 Topics)
In
this Module you will Learn
Constitution
of Banks,
What
are Banks,
Types
of Banks,
Regulator
of Banks,
What
is Banking Ombudsman,
interests,
Payment systems.........etc.
Give
First Preference to this Module (if you want to start with theory).
Module - B (25-30 marks)*
Legal Aspects of Banking Operations (This
Module has 13 Topics)
This Module will Discuss about Responsibilities of Banks while doing its duties.
and
some more important topics those will come in CAIIB exam.
Some important and easy topics in this Module are,
Responsibilities
of Paying/Collecting Banks,
Indemnities,
Bank
Guarantees,
Letter
of Credits(LoC, Very Very Very important Topic in whole JAIIB &
CAIIB),
Types
of Credit Facilities,
Secured
and Unsecured Loans,
Deferred
Payment Guarantee..........etc.
Module - C (30-35 marks)*
Banking Related Laws (This Module has 21 Topics)
This Module is Heart of the Paper. Because all the laws are discussed in this Module.
Don't think that reading years of Acts is sufficient. In This module all topics are very important topics and easy to study.
some topics are,
SARFAESI ACT 2002 (introduction, Definition),
Banking
Ombudsman Scheme 2006,
DRT
Act,
Bankers
books evidence Act 1891,
Legal
Services Authorities Act,
Consumer
Protection Act,
Tax
Laws.................etc.
Module - D (30-35 marks)*
Commercial Laws with Reference to Banking Operations (This
module has 28 Topics)
If you see this Module for the First time you will get emotional tears as it is the most heaviest of all Modules (but we know a proverb All that glitters is not gold, its easiest among all the Modules). Because these chapters are simple and easy to learn topics (you can say this module as one liner stories).
These Module has all the related laws that we know in topics of Paper 2 (Accounting and Finance for Bankers).
Some topics are in this Module,
Contracts of Indemnity,
Contracts
of Guarantee,
Contract
of Bailment,
Contract
of Pledge,
Contract
of Agency,
Partnership
Basics,
Types
of Companies..............etc.
How to Study:-
We will guide you in preparing for JAIIB and make you to simply crack the JAIIB in one attempt.
Now
here we are giving Priority wise study points to easily complete this paper.
Priority 1: Module D
Priority 2: Module C
Priority 3: Module B
Priority 4: Module A
Here we have given Priority 1 as Module D why because if you study and complete this module as we said earlier all topics are like one liners (easy) part. you will get confidence over the subject and paper if you complete this Module as early as possible.
Next Priority 2 as Module C (heart of the paper) why because this module has most Important Laws as explained in Module C but will takes time to study keep active till complete this module.
Next Priority 3 as Module B because it has easy topics of this paper.
Last But not least Priority 4 as Module A. As we said earlier if you are very interested in theory you can start this paper with this Module as it has basics of banking industry related topics.
* Marks may vary according to Examiners mood.
And Guidance will Continuessssss....................!!!!!!!!!!!!!!!!
Keep visiting for more updates..........!!!!!!!!!!!!!!
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