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

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βœ…Letter-#1

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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
πŸ‘3😁1
The number stayed well above the Reserve Bank of India's upper tolerance band for the ninth straight month.

Read here: https://www.livemint.com/news/india/indias-sept-retail-inflation-accelerates-to-7-41-as-food-prices-surge-11665550922019.html
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FINAL CAT-III ADVT (2022) Final.pdf
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βœ… FINAL CAT-III ADVT (2022) Final.pdf
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Forwarded from SSC PRO ΰΈ…
βœ…SSC CGL 2022 Last Date Reminder - 13 October 2022

https://ssc.nic.in/

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πŸ”† Role of bank in economy

The Royal Swedish Academy of Sciences has announced the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (popularly referred as Nobel Prize in Economics) for the year 2022.

Three eminent economists from the US, Ben S Bernanke, Douglas W Diamond and Philip H Dybvig will share the award this year

The award this year recognises the contribution of the economists in highlighting the role of banks in a modern economy, and the need to arrest bank failures during an economic crisis.

Failure of banks has the potential to affect the medium-term prospects of economic prosperity. It is because banks play a critical role in mobilisation of savings and converting the savings in an economy into productive investments

Banks help in addressing the mismatches in the preferences of the savers and borrowers

Delegated monitoring aspects of banks which benefit bank depositors by avoiding costly monitoring.

βœ‰οΈπŸ”₯ ⃝βž₯ @HinduPIB_Editorial
The Gross Enrollment Ratio (GER) of girl children at secondary level in India has improved by 3.87 percentage points - from 77.45 to 81.32

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@HinduPIB_Editorial