👆Question for Practice By Civil Service Gurukul
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👆Above discussion are related with Leverage subtopics of FM of Commerce Optional Paper -1
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EASE 2.0 Banking Reforms Index:
________________________________________
Context:
Recently, the EASE (Enhanced Access and Service Excellence) 2.0 Banking Reforms Index on performance of Public Sector Banks (PSB) from March 2018-2020 was released and best performing banks on EASE were felicitated.
What is EASE Reforms Agenda?
1. It was launched in January 2018 jointly by the government and PSBs.
2. It was commissioned through Indian Banks’ Association and authored by Boston Consulting Group.
3. EASE Agenda is aimed at institutionalizing CLEAN and SMART banking.
4. The Index measures performance of each PSB on 120+ objective metrics.
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What is EASE 2.0?
EASE 2.0 builds on the foundation of EASE 1.0 and introduces new reform Action Points across six themes to make reforms journey irreversible, strengthen processes and systems, and drive outcomes.
The six themes of EASE are:
1. Responsible Banking.
2. Customer Responsiveness.
3. Credit Off-take.
4. PSBs as UdyamiMitra (SIDBI portal for credit management of MSMEs).
5. Financial Inclusion & Digitalisation.
6. Governance and HR.
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________________________________________
Context:
Recently, the EASE (Enhanced Access and Service Excellence) 2.0 Banking Reforms Index on performance of Public Sector Banks (PSB) from March 2018-2020 was released and best performing banks on EASE were felicitated.
What is EASE Reforms Agenda?
1. It was launched in January 2018 jointly by the government and PSBs.
2. It was commissioned through Indian Banks’ Association and authored by Boston Consulting Group.
3. EASE Agenda is aimed at institutionalizing CLEAN and SMART banking.
4. The Index measures performance of each PSB on 120+ objective metrics.
Join 🔜 @economyupsc
Also Join @civilservicegurukul
What is EASE 2.0?
EASE 2.0 builds on the foundation of EASE 1.0 and introduces new reform Action Points across six themes to make reforms journey irreversible, strengthen processes and systems, and drive outcomes.
The six themes of EASE are:
1. Responsible Banking.
2. Customer Responsiveness.
3. Credit Off-take.
4. PSBs as UdyamiMitra (SIDBI portal for credit management of MSMEs).
5. Financial Inclusion & Digitalisation.
6. Governance and HR.
Join @commerceoptional
👆OPTIMUM CAPITAL STRUCTURE
FM topics of Paper 1 of Commerce Optional.
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FM topics of Paper 1 of Commerce Optional.
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👆FACTORS DETERMINING CAPITAL STRUCTURE
FM topics of Paper 1 of Commerce Optional.
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FM topics of Paper 1 of Commerce Optional.
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Banking Regulation (Amendment) Bill, 2020:
________________________________________
Context:
Passed in Lok Sabha. The Bill replaces an ordinance to the same effect promulgated on June 26.
1. The Bill proposes amendments to the Banking Regulation Act, 1949.
2. With this new Bill, the central government aims to bring cooperative banks under the supervision of the Reserve Bank of India (RBI).
Key changes:
1. Now, Provisions applicable to banking companies will also applicable to cooperative banks. This ensures that cooperative banks are equally subject to better governance and sound banking regulations through the Reserve Bank of India (RBI).
2. With the amendments, RBI will be able to undertake a scheme of amalgamation of a bank without placing it under moratorium.
3. It will help the central bank to develop a scheme to ensure the interest of the public, banking system, account holders in the bank and banking company’s proper management, without disrupting any banking functionalities.
4. The amendments also allow cooperative banks to raise money via public issues and private placements of equity or preference shares as well as unsecured debentures, with the central’s bank’s nod.
However, the changes will not:
1. Affect the existing powers of the state registrars of co-operative societies under state laws.
2. Apply to Primary Agricultural Credit Societies (PACS) or co-operative societies whose primary object and principal business is long-term finance for agricultural development, and which do not use the words “bank”, “banker” or “banking”.
Why this was necessary?
1. This was felt necessary in the wake of the recent Punjab & Maharashtra Cooperative (PMC) Bank crisis.
2. Cooperative banks have 8.6 lakh account holders, with a total deposit of about ₹5 lakh crore.
3. Besides, Urban cooperative banks reported nearly 1,000 cases of fraud worth more than ₹220 crore in past five fiscal years.
How cooperative banks are regulated?
Cooperative banks are currently under the dual control of the Registrar of Cooperative Societies and RBI. While the role of registrar of cooperative societies includes incorporation, registration, management, audit, supersession of board and liquidation, RBI is responsible for regulatory functions such as maintaining cash reserve and capital adequacy, among others.
________________________________________
Context:
Passed in Lok Sabha. The Bill replaces an ordinance to the same effect promulgated on June 26.
1. The Bill proposes amendments to the Banking Regulation Act, 1949.
2. With this new Bill, the central government aims to bring cooperative banks under the supervision of the Reserve Bank of India (RBI).
Key changes:
1. Now, Provisions applicable to banking companies will also applicable to cooperative banks. This ensures that cooperative banks are equally subject to better governance and sound banking regulations through the Reserve Bank of India (RBI).
2. With the amendments, RBI will be able to undertake a scheme of amalgamation of a bank without placing it under moratorium.
3. It will help the central bank to develop a scheme to ensure the interest of the public, banking system, account holders in the bank and banking company’s proper management, without disrupting any banking functionalities.
4. The amendments also allow cooperative banks to raise money via public issues and private placements of equity or preference shares as well as unsecured debentures, with the central’s bank’s nod.
However, the changes will not:
1. Affect the existing powers of the state registrars of co-operative societies under state laws.
2. Apply to Primary Agricultural Credit Societies (PACS) or co-operative societies whose primary object and principal business is long-term finance for agricultural development, and which do not use the words “bank”, “banker” or “banking”.
Why this was necessary?
1. This was felt necessary in the wake of the recent Punjab & Maharashtra Cooperative (PMC) Bank crisis.
2. Cooperative banks have 8.6 lakh account holders, with a total deposit of about ₹5 lakh crore.
3. Besides, Urban cooperative banks reported nearly 1,000 cases of fraud worth more than ₹220 crore in past five fiscal years.
How cooperative banks are regulated?
Cooperative banks are currently under the dual control of the Registrar of Cooperative Societies and RBI. While the role of registrar of cooperative societies includes incorporation, registration, management, audit, supersession of board and liquidation, RBI is responsible for regulatory functions such as maintaining cash reserve and capital adequacy, among others.
GUIDANCE PROGRAM SCHEDULE.pdf
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👆We are happy to announce for GUIDANCE PROGRAM FOR UPSC COMMERCE OPTIONAL 2021 FROM 22/09/2020. FOR MORE DETAILS CONTACT at @cadhananjay
Human Resource Principles are a fundamental truth established by research, investigation, and analysis. The following can also be considered as the principles of Human Resource Management:
1. Principle of Individual Development – To offer an equal opportunity to every employee so as to realize his/her potential and capability.
2. Principle of the Scientific Selection – To place the right individual in the right job.
3. Principle of the Free Flow of Communication- To open & encourage upward, downward, formal as well as informal communication.
4. Principle of the Participation – To associate with employees at each and every level of decision making.
5. Principle of a Fair Remuneration- To pay fair and equitable wages & salaries to talented employees.
6. Principle of an Incentive – To review the performances of the employees and rewarding them accordingly.
7. Principle of the Dignity of Labor – To treat each and every employee with respect and dignity.
8. Principle of Labor-Management co-operation – To promote industrial relations and labor laws.
9. Principle of Team Spirit – To ensure co-operation & teamwork amongst the employees.
10. Principle of Contribution to National Prosperity – To provide a higher work purpose to all the employees and to contribute to the national prosperity and integrity.
1. Principle of Individual Development – To offer an equal opportunity to every employee so as to realize his/her potential and capability.
2. Principle of the Scientific Selection – To place the right individual in the right job.
3. Principle of the Free Flow of Communication- To open & encourage upward, downward, formal as well as informal communication.
4. Principle of the Participation – To associate with employees at each and every level of decision making.
5. Principle of a Fair Remuneration- To pay fair and equitable wages & salaries to talented employees.
6. Principle of an Incentive – To review the performances of the employees and rewarding them accordingly.
7. Principle of the Dignity of Labor – To treat each and every employee with respect and dignity.
8. Principle of Labor-Management co-operation – To promote industrial relations and labor laws.
9. Principle of Team Spirit – To ensure co-operation & teamwork amongst the employees.
10. Principle of Contribution to National Prosperity – To provide a higher work purpose to all the employees and to contribute to the national prosperity and integrity.