Banking Awareness Archive

Economic Survey and Indian Economy-2018

The Economic Survey for 2017-18 expects the GDP growth  to be 7-7.5% in 2018-19 compared to the 6.75% estimated for 2017-18. It projects India to retain the tag ‘the fastest growing major world economy’.  At the same

Pradhan Mantri Mudra Yojana (PMMY) and MUDRA Bank

Pradhan Mantri Mudra Yojana (PMMY) is a scheme announced by Central Government for ensuring loans to enterprises in manufacturing, trading and service sectors whose credit needs are below Rs.10L. Farm income generating activities are excluded from the

NHB Residex, House Price Index and National Housing Bank

NHB Residex is a benchmark that measures the price changes of residential housing in Indian cities.  A House Price Index (HPI) basically tracks housing price indicators in a city or state or country.  NHB Residex and National

Micro, Small and Medium Enterprise: Classification and Original investment- MSMED Act, 2006 

Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 was enacted to meet the long standing demand from entrepreneurs and small industry associations. This was the first and single comprehensive legislation for micro, small and medium enterprises.

SBN Ready Reckoner: Instructions Related to Exchange of Specified Bank Notes  

Consequent to the withdrawal legal tender status of Rs. 500 and Rs. 1000 notes, RBI has provided various instructions to banks for strict compliance. Details as to how banks are ensuring such instructions are compiled and provide

Specified Bank Notes (SBN) and Stipulations for SBN Exchanges

Government of India, on 8 November 2016 announced withdrawal of legal tender status of Rs. 500 and Rs.1000 bank notes. The term Specified Bank Notes (SBN) is being used to refer the said currency notes.  The demonetisation