5th bimonthly monetary policy: RBI raises inflation forecast for FY18; 5 key takeaways


As widely expected, the Reserve Bank of India (RBI) kept repo rate unchanged at 6 per cent in its fifth bimonthly monetary policy meeting of FY18 that concluded on Wednesday. 


Consequently, MSF (Marginal Standing Facility Rate) and Bank rate remained unchanged at 6.25 per cent each. The MPC voted 5:1 for its status quo while maintaining its neutral stance. 

Here's a look at the key takeaways from the RBI monetary policy review
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Rules to survive in your bank job

Practical life of Banking job...Based on experience...

1. Rule 1. - The Boss is always right.

2. Rule 2. - If the Boss is wrong, see rule 1.
3. Those who work get more work. Others get pay, perks, and promotions.
4. Ph.D. stands for "Pull Him Down". The more intelligent a person, the more hardworking a person, the more committed a person; the more number of persons are engaged in pulling that person down.
5. If you are good, you will get all the work. If you are really good, you will get out of it.
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The nine banks that will gain out of PSU recapitalisation

The Indian banking sector, especially the state-owned entities, have hogged the limelight as the government’s announcement of a fiscal neutral capitalisation raised hopes of a revival of not only these entities but also the long-buried capex cycle. The quarterly results, therefore, got somewhat relegated to the background. Now that the dust appears to be settling, it is worth checking on the numbers as well as the grand recapitalisation plans to explore if the fortunes of the sector are really changing or is it another hope rally that is likely to dissipate?
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Why bank fixed deposits are a good avenue to park your money

Most of us keep some money in saving banks account because of two reasons – it is safe and can provide regular income via interest. It is also liquid and can be accessed in times of need.  However, the returns on savings bank are not high and may not meet the regular income needs.
Banks offer comparatively low rate in savings bank deposits which simply means that your money is not growing at the right pace. Therefore, you need to think that how you can earn more returns provided you are getting safety and guaranteed return by keeping your money in banks only. Within the bank deposit space, a better alternative is fixed deposits. Bank FDs are one of the safest investment-cum-savings avenue which can help you get 7-9% return annually. These days, you do not even need to go to the bank to open an FD, but can do it online.
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Bank of Baroda (BOB) Recruitment for 337 Head, Manager & Executive Posts 2017


Bank of Baroda (BOB) has published Advertisement for below mentioned Posts 2017. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

Posts:

  • Group Head: 04 posts
    • Minimum 10 Years of relevant work experience in financial services, Investment advisory and Private banking out of which minimum 8 Years of experience in Wealth Management.
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The Gandhinagar Nagarik Co. Op. Bank Ltd. Recruitment for Branch Manager & Stenographer Posts 2017


The Gandhinagar Nagarik Co. Op. Bank Ltd. has published Advertisement for below mentioned Posts 2017. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

Posts:

  • Branch Manager 
    • Age Limit: 45 years
  • Stenographer cum Gujarat and English Typist 
    • Age Limit: 40 years

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Paytm Payments Bank launched: Zero minimum balance, no online transaction fees & other key features

Paytm's Payments Bank is officially official now. Union Finance Minister Arun Jaitley inaugurated the service at an event in New Delhi on Tuesday. Paytm Payments Bank is notably India's mobile-first bank with which you will be able to make online transactions at zero cost. You also need not keep a minimum balance to maintain a Paytm Payments Bank account, unlike most of the other bank accounts.


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Public Sector Banks may face Rs 40,000-cr loss due to bad loans

Commercial banks wrote off about Rs 35,000 crore of  in July-September, taking write-offs to Rs 65,800 crore in the first half of the financial year.
Credit costs — the amount set aside for  and stressed assets — for ageing non-performing assets (NPAs) and National Company Law Tribunal cases would take provision coverage ratio to 58-60 per cent by the end of FY18, from 44.3 per cent at the end of March 2017, according to rating agency ICRA. 
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