Target Descriptive πŸ“
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A group for Descriptive Writing for Banking ,Regulatory ,SSC Exams !

β˜†β˜ž We are here to Share Our Own Experinces and Hope it would be very helpful for all our Subsribers

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βœ…News:- India's Forex Reserves stands at $545.65 Billion lowest since 2nd October, 2020. Reasons being:-

βœ…1) The Fed increased its Gov.  security rate which attracted Foreign Portfolio Investment from India.

βœ…2) Rising crude oil rate because of Russia Ukraine crisis.

βœ…Consequences:-

It is expected that RBI will increase the Repo rate by 50 basis points to tackle rising inflation which eased in 3 consecutive months i.e May, June & July but again rose to 7% in August.

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@HinduPIB_Editorial
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Forwarded from ππžπ¬π­ 𝖢𝖾𝖾𝗄𝗅𝗒 πŸ…ŸπŸ…“πŸ…•
βœ… FCI CATAGORY II MANAGER LAST DATE REMINDER

https://ibpsonline.ibps.in/fcimtmaug22/

βœ…APPLY HEREπŸ‘‡

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@BankPOExam
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Source: Business Standard

βœ…A very good article on Rights of the borrower in case of loan default.
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βœ…Letter-#1

#For IBPS/SBI/CGL-T3 Mains Upcoming Descriptive Exams

πŸ«₯LetterπŸ«₯

βœ…Write a letter to the
Bank Manager seeking time 
for payment of EMI
(Formal Letter)


25-Sector Rohini V
New Delhi
20th August,2022

To
The Manager
State Bank of India New Delhi

Subject – Request for seeking time for payment of EMI

Sir ,
This is to inform that I availed loan from your bank of Rs 5 lakh in the year 2021(A/C 
no. xxxx789652). I was suppose to pay the EMI on 10 August , 2021 but excluding this 
month’s EMI, I have duly repaid all the installments of the loan. Recently, due to a 
financial crisis in the family as I am the only one employed, I have not been able to pay 
the EMI this time around.
Therefore, I kindly request you to grant me some time so, I can pay the outstanding 
amount on the same date next month.

Thanking You.
Yours Faithfully 
@TargetDescriptive
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