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Dear Readers Years have gone by but TheBankingBible stays intact and up, all because of your support. We have been continuously trying to provide the best information and most relevant… Read more »

SBI Reduces Base Rate, BPLR by 0.25% in September, 2012

Following the reduction in Cash Reserve Ratio from 4,75% to 4.50% w.e.f. 22-09-2012 by Reserve Bank of India as announced in the Mid  Quarter Policy Review,  the State Bank of India, country’s largest… Read more »

IDBI, ICICI, BOB, BOM, PNB and Syndicate Bank slashed Base Rates/ BPLRs in April/May 2012

Following the reduction in Key Policy Rates or Repo Rate by 50 BPS by RBI, in its Annual Monetary Policy 2012-13 on 17th April 2012, the undernoted banks have revised their Base… Read more »

Contact details of Bank’s Customer Facilitation Centres for RTGS/NEFT queries

In order to ensure standardization of benchmark rate used and to bring in uniformity in providing services to customers across the retail payment products viz. NECS /ECS/ NEFT, the Reserve Bank… Read more »

RBI releases list of Nodal agencies for registering complaints in case of fictitious offers of cheap funds from abroad

The RBI has been suitably cautioning the members of public through public awareness campaigns, not to fall pray to fictitious offers / lottery winnings/ offers of remittance of cheap funds… Read more »

RBI increases Repo Rate, Reverse Repo Rate by 0.25% in the Second Quarter Review of Monetary Policy Review 2011-12 on 25-10-2011

In order to tame inflation the Reserve Bank of India announces the following policy measures in the Second Quarter Review of Monetary Policy 2011-12 on 25th October 2011: Increased the… Read more »

Beware of Fictitious offers of Prize / Lottery / Money Transfers from Abroad

Message from the Reserve Bank of India Many residents have fallen prey to fictitious offers of cheap funds from abroad and have lost large sums of money. While we have… Read more »

What is CERSAI?

CERSAI is a fraud prevention body, promoted by the Centre, that makes it mandatory for the borrower to register the title deed of transaction with it What is the Central… Read more »

Revised Minimum Rates of Wages in Various States

REVISED MINIMUM RATES OF WAGES IN VARIOUS STATES STATE UNSKILLED SEMI-SKILLED SKILLED REMARKS ANDHRA PRADESH 5464 5989 6461 Wef 01.10.10-31.03.11 ASSAM 2115 2250 2416 BIHAR 2964 3068 3770 Wef 01.04.10… Read more »

Know about Green Channel Counter of SBI

State Bank of India has started ‘Green Channel Counter’ on 1st July, 2010, at 57 Pilot branches across the country, as an innovative step towards paperless ‘Green Banking’ for deposit, withdrawal and… Read more »

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