JAIIB New syllabus 2019-ETHICS IN BANKS AND FINANCIAL INSTITUTIONS

  MODULE E – ETHICS IN BANKS AND FINANCIAL INSTITUTIONS Ethics, Business Ethics & Banking: An Integrated Perspective Business Ethics, Ethical Foundation and Banking Ethics in Global and Indian Contexts Ethics at the Individual Level Values, Norms, Beliefs, Morality, Conflict, Integrity, Golden Rule, Dilemmas, Decision-Making. Ethical Dimensions: Employees Obligation to Bank/ Third Parties, Abuse of Official Position, Sexual Harassment, Conflict

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Collateral free agricultural loans-New Limit 2019

  Collateral free agricultural loans     RBI Keeping in view the overall inflation and rise in agriculture input cost over the years since 2010, RBI has been decided to raise the limit for collateral free agricultural loans from the existing level of ₹1 lakh to ₹1.6 lakh. Accordingly, banks may waive margin requirements for agricultural loans upto ₹1.6 lakh.

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Prompt Corrective Action (PCA) Framework as on 26th Feb 2019

  Prompt Corrective Action (PCA) Framework as on 26th Feb 2019 Government of India has infused fresh capital on February 21, 2019 into various banks including some of the banks currently under the PCA framework. Of these banks, the BFS noted that Allahabad Bank and Corporation Bank had received ₹ 6896 crore and ₹ 9086 crore respectively. This has shored

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Monetary limit for filing cases in DRT doubled Rs. 10 lakh to Rs 20 lakh by Government

    Government doubled the pecuniary limit to Rs 20 lakh for filing loan recovery application in the Debt Recovery Tribunals (DRT) by banks and financial institutions.Government Thursday doubled the pecuniary limit to Rs 20 lakh for filing loan recovery application in the Debt Recovery Tribunals (DRT) by banks and financial institutions. The move is aimed at helping reduce pendency

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Regional Rural Banks – Priority Sector Lending (PSL)

    Regional Rural Banks – Priority Sector Lending – Targets and Classification   Targets: 75 per cent of total outstanding to the sectors eligible for classification as priority sector lending and sub sector targets as indicated in subsequent paragraphs. Categories of the Priority Sector: Medium Enterprises, Social Infrastructure and Renewable Energy will form part of the Priority Sector, in

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Maintenance of CRR/SLR on Foreign Currency Assets/Liabilities

    Maintenance of CRR/SLR on Foreign Currency Assets/Liabilities   Financial Benchmarks India Private Limited (FBIL) has taken over the process of computing and disseminating reference rate for INR/USD and exchange rate for the other major currencies with effect from July 10, 2018. In this connection, banks shall use the conversion rate announced by FBIL for the purpose of converting

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Types of Charges over Securities in a Bank Loan

1. Pledge 2. Hypothecation 3. Assignment 4. Mortgage Pledge     Pledge is defined in section 172 of Indian Contract Act. Pledge is the bailment of goods as a security for payment of a debt or performance of a promise. Bailment is defined in Indian Contract Act. Bailment means delivery of goods with some purpose and with the condition that

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MORTGAGE

    Mortgage   Mortgage is defined in Section 58 of the Transfer of Property Act 1882. Mortgage is the transfer of interest in a specific immovable property, for the purpose of securing an existing or future debt. The person creating the mortgage is called as the mortgagor and the person in whose favour mortgage is created (bank) is called

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ASSIGNMENT

    Assignment   Provisions relating to Assignment in section 130 of Transfer of Property Act 1882. Assignment is transfer of right or interest to recover the debt. The transferor of claim is called as the assignor and the transferee is called the assignee. Assignment is done on Book Debts, Supply Bills, LIC policy, fixed deposit etc. Assignment is possible

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