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eTeam Is Hiring For
🔺Category🔺
Associate HR
🔹Documentation(Onboarding Valuation)
🔹Preparation Of Offer Letter
Graduation:MBA(HR)
Work Experience: 1 Year Mandatory
Mark Your Resume At
ashwinip@eteaminc.com
nparveen@eteaminc.com
Regards,
Ashwini Prakash
Associate HR || Accenture HRCC
eTeam Proudly servicing workforce solutions in USA | Canada | EMEA | APAC
#workfromhome #staffing #recruitment #engineeringrecruitment #wfh #humanresources #career #jobsearch #freshers #helpinghand #recruitingnow #jobseeker #remotejobs #remotehiring #workfromhomeopportunity
Greetings Aspirants!!
NTA-JRF/NET Admit Card Not Yet Released
Fake Messages Are Scattered Around The Groups
Do Ignore!!
Post Notification Will Update On The Same
NTA-JRF/NET Admit Card Not Yet Released
Fake Messages Are Scattered Around The Groups
Do Ignore!!
Post Notification Will Update On The Same
💿Non Performing Assets (NPA)💿
NPAs refer to loans which are in risk of default. Reserve Bank of India (RBI) defines NPAs as below:
AN ASSET, INCLUDING A LEASED ASSET, BECOMES NON-PERFORMING WHEN IT CEASES TO GENERATE INCOME FOR THE BANK.
As per guidelines issued by the RBI, banks classify an account as NPA only if the interest due and charged on that account during any quarter is not serviced fully within 90 days from the end of the quarter.
Conditions to become NPA
An asset becomes NPA when it ceases to generate income for the bank –
➖Term Loan – Interest and/or installment of principal amount remain overdue for more than 90 days
➖Overdraft / Cash Credit – The account remains ‘out of order’ for 90 days
➖Bill – The bill remains overdue for more than 90 days in the case of bills purchased and discounted
➖Short duration crops – The installment of principal or interest remains overdue for 2 crop seasons
➖Long duration crops – The installment of principal or interest remains overdue for 1 crop season
➖Securitisation transaction – The amount of liquidity facility outstanding for more than 90 days
➖Derivative transaction – The overdue receivables representing positive mark-to-market value of a derivative contract, if these remain unpaid for 90 days from the specified due date for payment.
Basis of Classification of Non Performing Asset (NPA)
Banks are required to classify NPAs into the following 3 categories based on how long do they remain non-performing.
The three categories are – Substandard Assets, Doubtful Assets and Loss Assets.
♦️ Substandard Assets – If an account remains as NPA for a period less than or equal to 12 months
♦️ Doubtful Assets – An asset would be classified as doubtful if it has remained in the substandard category for 12 months.
♦️ Loss Asset – A loss Asset is one where loss has been identified by the bank’s internal or external auditors or upon an RBI inspection.
Example of NPA
We suppose that a party was disbursed a loan on January 1, 2010. Its due date is June 1, 2010. But the party does not make a payment. So
♦️ It will be an Standard Asset from January 1, 2010 till June 1, 2010 (Due Date)
♦️ It will be a Special Mention Account From June 2, 2010 till August 29, 2010 (90 days)
♦️ It will be Sub-standard from August 30, 2010 till August 29, 2011
♦️ It will be doubtful from August 30, 2011 till August 29, 2012
♦️ It may remain doubtful Asset for a period of 3 years, beginning from 12 months of being an NPA, but once the auditors identify it as a loss, it will be assigned a loss asset; however, the period may be anything above 3 years
NPAs refer to loans which are in risk of default. Reserve Bank of India (RBI) defines NPAs as below:
AN ASSET, INCLUDING A LEASED ASSET, BECOMES NON-PERFORMING WHEN IT CEASES TO GENERATE INCOME FOR THE BANK.
As per guidelines issued by the RBI, banks classify an account as NPA only if the interest due and charged on that account during any quarter is not serviced fully within 90 days from the end of the quarter.
Conditions to become NPA
An asset becomes NPA when it ceases to generate income for the bank –
➖Term Loan – Interest and/or installment of principal amount remain overdue for more than 90 days
➖Overdraft / Cash Credit – The account remains ‘out of order’ for 90 days
➖Bill – The bill remains overdue for more than 90 days in the case of bills purchased and discounted
➖Short duration crops – The installment of principal or interest remains overdue for 2 crop seasons
➖Long duration crops – The installment of principal or interest remains overdue for 1 crop season
➖Securitisation transaction – The amount of liquidity facility outstanding for more than 90 days
➖Derivative transaction – The overdue receivables representing positive mark-to-market value of a derivative contract, if these remain unpaid for 90 days from the specified due date for payment.
Basis of Classification of Non Performing Asset (NPA)
Banks are required to classify NPAs into the following 3 categories based on how long do they remain non-performing.
The three categories are – Substandard Assets, Doubtful Assets and Loss Assets.
♦️ Substandard Assets – If an account remains as NPA for a period less than or equal to 12 months
♦️ Doubtful Assets – An asset would be classified as doubtful if it has remained in the substandard category for 12 months.
♦️ Loss Asset – A loss Asset is one where loss has been identified by the bank’s internal or external auditors or upon an RBI inspection.
Example of NPA
We suppose that a party was disbursed a loan on January 1, 2010. Its due date is June 1, 2010. But the party does not make a payment. So
♦️ It will be an Standard Asset from January 1, 2010 till June 1, 2010 (Due Date)
♦️ It will be a Special Mention Account From June 2, 2010 till August 29, 2010 (90 days)
♦️ It will be Sub-standard from August 30, 2010 till August 29, 2011
♦️ It will be doubtful from August 30, 2011 till August 29, 2012
♦️ It may remain doubtful Asset for a period of 3 years, beginning from 12 months of being an NPA, but once the auditors identify it as a loss, it will be assigned a loss asset; however, the period may be anything above 3 years
Reverse Ratio : Banks keep aside a certain percentage of cash reserves or RBI approved assets. There are two types of reserve ratio:
Cash Reserve Ratio (CRR) : Banks set aside this portion in cash with the RBI. The bank cannot lend this amount to anyone or earn a profit or interest rate on CRR.
Statutory Liquidity Ratio (SLR) : This portion is set aside by the banks in the form of liquid assets such as gold or RBI approved securities such as government securities. Banks earn interest on these securities, but it’s very low.
Open Market Operations : The RBI buys and sells government securities in the open market, also referred to as Open Market Operations to control the supply of money.
When the RBI sells government securities, the liquidity is sucked from the market, and buying securities provides liquidity, which helps to control inflation. The main aim of the open market operation is to keep a check on temporary liquidity mismatches in the market, which happens due to the inflow of foreign capital.
Qualitative tools :These tools affect the money supply of a specific sector of the economy.
Margin requirements : The RBI mentions a certain margin against collateral. When the RBI raises the margin requirements, customers will be able to borrow less and vice-versa.
Selective credit control : Through this method, RBI avoids lending to speculative businesses or selective industries.
Moral suasion : With the help of this tool, the central bank persuades other banks to keep money in government securities and not in any other sectors.
Cash Reserve Ratio (CRR) : Banks set aside this portion in cash with the RBI. The bank cannot lend this amount to anyone or earn a profit or interest rate on CRR.
Statutory Liquidity Ratio (SLR) : This portion is set aside by the banks in the form of liquid assets such as gold or RBI approved securities such as government securities. Banks earn interest on these securities, but it’s very low.
Open Market Operations : The RBI buys and sells government securities in the open market, also referred to as Open Market Operations to control the supply of money.
When the RBI sells government securities, the liquidity is sucked from the market, and buying securities provides liquidity, which helps to control inflation. The main aim of the open market operation is to keep a check on temporary liquidity mismatches in the market, which happens due to the inflow of foreign capital.
Qualitative tools :These tools affect the money supply of a specific sector of the economy.
Margin requirements : The RBI mentions a certain margin against collateral. When the RBI raises the margin requirements, customers will be able to borrow less and vice-versa.
Selective credit control : Through this method, RBI avoids lending to speculative businesses or selective industries.
Moral suasion : With the help of this tool, the central bank persuades other banks to keep money in government securities and not in any other sectors.
♦️Reserve Bank of India Act, 1934♦️
➖➖➖➖➖➖➖➖➖➖➖➖
Reserve Bank of India was first enacted by parliament on 6 March 1934. In the beginning of 18 Th century, the joint – stock banking has been associated with the agency houses for the purpose of doing banking business. Indigenous bankers, nidhis, money lenders were acted as bankers. However, the growth of joint – stock banking with the help of agency houses leads to regulating the rules and regulation which was governing them as an act. So the need for the central banking system in India arose in 1773. However, it was the Hilton Young committee in 1926 recommended the establishment of a central bank in India. Therefore, it took 7 years to pass the RBI act 1934 as a shareholders banks. Finally, a number of banking companies were registered under the companies’ act 1956 and The RBI act 1934 for the purpose of protecting interests of the depositors’, ensuring control over the credit, develop banking on good lines and avoiding bank failures.
There are total 61 Sections in the RBI Act 1934.
👉🏻Important Sections in the RBI Act 1934
Section 3: Establishment and incorporation of Reserve Bank.
Section 4: Capital of the Bank. The capital of the Bank shall be five crores of rupees.
Section 6: Establishment of Offices, branches and agencies
Section 8: The composition of central board of Reserve Bank of India
Section 17: The business that RBI can carry out
Section 20: Obligation of the Bank to transact Government business.
Section 21: Bank to have the right to transact Government business in India.
Section 21A: Bank to transact Government business of States on agreement.
Section 22: Right to issue bank notes.
Section 24: Denominations of notes. (1) Subject to the provisions of sub-section (2), bank notes shall be of the denominational values of two rupees, five rupees, ten rupees, twenty rupees, fifty rupees, one hundred rupees, five hundred rupees, one thousand rupees, five thousand rupees and ten thousand rupees or of such other denominational values, not exceeding ten thousand rupees.
Section 27: Re-issue of notes. The Bank shall not re-issue bank notes which are torn, defaced or excessively soiled.
Section 26 (1): Defines legal tender of notes
Section 26(2): Withdrawal of legal tender of notes
Section 42: Cash reserves of scheduled banks to be kept with the Bank.
Section 45(U): Defines repo, reverse repo, derivative, money market instruments and securities.
The first schedule of the RBI Act 1934 defines the 4 areas under which the Indian states should come. The 4 areas are Western Area, Eastern Area, Northern Area, Southern Area
➖➖➖➖➖➖➖➖➖➖➖➖
Reserve Bank of India was first enacted by parliament on 6 March 1934. In the beginning of 18 Th century, the joint – stock banking has been associated with the agency houses for the purpose of doing banking business. Indigenous bankers, nidhis, money lenders were acted as bankers. However, the growth of joint – stock banking with the help of agency houses leads to regulating the rules and regulation which was governing them as an act. So the need for the central banking system in India arose in 1773. However, it was the Hilton Young committee in 1926 recommended the establishment of a central bank in India. Therefore, it took 7 years to pass the RBI act 1934 as a shareholders banks. Finally, a number of banking companies were registered under the companies’ act 1956 and The RBI act 1934 for the purpose of protecting interests of the depositors’, ensuring control over the credit, develop banking on good lines and avoiding bank failures.
There are total 61 Sections in the RBI Act 1934.
👉🏻Important Sections in the RBI Act 1934
Section 3: Establishment and incorporation of Reserve Bank.
Section 4: Capital of the Bank. The capital of the Bank shall be five crores of rupees.
Section 6: Establishment of Offices, branches and agencies
Section 8: The composition of central board of Reserve Bank of India
Section 17: The business that RBI can carry out
Section 20: Obligation of the Bank to transact Government business.
Section 21: Bank to have the right to transact Government business in India.
Section 21A: Bank to transact Government business of States on agreement.
Section 22: Right to issue bank notes.
Section 24: Denominations of notes. (1) Subject to the provisions of sub-section (2), bank notes shall be of the denominational values of two rupees, five rupees, ten rupees, twenty rupees, fifty rupees, one hundred rupees, five hundred rupees, one thousand rupees, five thousand rupees and ten thousand rupees or of such other denominational values, not exceeding ten thousand rupees.
Section 27: Re-issue of notes. The Bank shall not re-issue bank notes which are torn, defaced or excessively soiled.
Section 26 (1): Defines legal tender of notes
Section 26(2): Withdrawal of legal tender of notes
Section 42: Cash reserves of scheduled banks to be kept with the Bank.
Section 45(U): Defines repo, reverse repo, derivative, money market instruments and securities.
The first schedule of the RBI Act 1934 defines the 4 areas under which the Indian states should come. The 4 areas are Western Area, Eastern Area, Northern Area, Southern Area
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#ProudProfessor 😎
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Your destiny is decided by how involved you are in each moment of your work. Live in present and give your best😎👍🏻
Hope you all went through the Admit Card Instructions
Use the below link for e-Sign
Sejda helps with your PDF tasks
Your destiny is decided by how involved you are in each moment of your work. Live in present and give your best😎👍🏻
Greetings Aspirants
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I was thrilled to see all your messages 🥰 Happy for you all😎 Stay Blessed ! Score According To UGC Response Sheet
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