CBS – Core Banking Solution
What is Core Banking Solution (CBS) ? Core Banking Solution (CBS) is networking of branches, which enables Customers to operate their accounts, and avail banking services from any branch of the Bank on CBS network, regardless of where he maintains his account. The customer is no more the customer of a Branch. He becomes the Bank’s Customer. Thus CBS is a step towards enhancing customer convenience through Anywhere and Anytime Banking. How shall CBS help Customers? All CBS branches are…
Common Written Exam (CWE) for Clerical Cadre
The Institute of Banking Personnel Selection (IBPS) will organise the common written exam (CWE) for recruitment / selection of personnel for Clerical cadre posts in the Public Sector Banks (19 participating banks). The CWE for Clerks posts for 19 banks will be conducted twice a year by IBPS. Important Dates Start date for Online Registration – 25 August 2011 Payment of Application Fees – to (both dates inclusive) Last date for Online Registration – 24 September 2011 Last date for…
Issuer Identification Number (IIN)
What is Bank's IIN? IIN mean Issuer Identification Number. This number identifies the Bank to which you the Aadhaar number is mapped. IIN is a six digit number and will be used for making AEPS (Aadhaar Enabled Payment System) transaction. In most banks BC customer service points, this number would be represented on the terminal by the banks logo or name and hence this number is not to be remembered by the customer, however, it is recommended that the customer…
SBI Gold Fund – NFO
Brief on SBI Gold Fund : The two most important concerns while buying gold are purity and safety (in terms of storage). To address both these concerns, SBI GETS (Gold ETF ) was launched where investments are made in dematerialized (demat) form. Considering that dematerialization is a new concept in India and there is very low penetration of demat accounts amongst Indian investors. This low penetration has prevented access to gold as an asset class for investors who don’t have…
Muthoot Finance – Secured, Redeemable NCD
About Muthoot Finance Ltd Muthoot Finance Ltd is a NBFC incorporated in 1997 primarily provides loan against household used jewellery and offers other products and services like money transfer, insurance, securities, foreign exchange, vehicle and asset finance services. Gold loans account for 99% of Muthoot's assets under management with predominant exposure to South India. Issue Size The company plans for a public issue of secured, redeemable, non-convertible debentures (NCDs) of face value of Rs 1,000 each aggregating upto Rs 500…
What is Bank Nifty?
Bank Nifty is the bank index traded in the F&O segment of NSE. It comprises of most liquid banking stocks listed on NSE. This index provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks. The index have 12 stocks from the banking sector which trade on the National Stock Exchange. Market Representation 1. CNX Bank Index represent about of the free float market capitalization of the stocks listed on NSE and of…
What is IIP Data?
IIP stands for Index of Industrial Production. As true with any index, IIP Data or IIP Number is a measurement which represents the status of production in the industrial sector for a given period of time compared to a reference or earlier period of time. IIP index is one of the key tool to measure the level of industrial activity in Indian economy. Strictly speaking the IIP is a short term indicator measuring industrial growth till the actual result of…
Latest Base Rates for banks in India
Base Rate Comparison of Banks in India All public and private sector banks are using the new base rate regime. The base rate is the minimum rate that a bank will lend money to anyone. Think of it as a floor below which RBI will not allow banks to lend to you. The latest increase in the interest rates by RBI has forced major private banks like ICICI, Axis Bank, HDFC and also PSBs like SBI, PNB, CBI, BoB etc…
What are NCDs ?
Non Convertible Debentures or NCDs are debt (fixed income) instruments that are issued for fixed maturity. NCDs shall be issued at face value and will carry a coupon rate as determined by the issuer. Normally redemption periods of these instruments range from 3-10 years. These instruments offer coupon rate ranging from 11-12%. Investors have the option to exit from these instruments before full tenure by selling in the secondary market, when these instruments are listed on exchanges. In the recent past,…
Bank of India (BOI) Branches in India
Search the Bank of India (BOI) branches in all cities of India. You can find BOI branch address, branch code, phone numbers, contact person's name and other bank details of Bank of India (BOI). Use our BOI bank branch locator tool to find the Bank of India (BOI) branches in your city here Find BOI Branches in your City Metros New Delhi Mumbai Kolkata Chennai Bangalore Hyderabad Pune Gurgaon Other Cities (Alphabetically) Adilabad Agra Ahmedabad Ahmednagar Aizawl Ajmer Akola Alappuzha…