North Brookfield Savings Bank’s Post

In November 2020, PPSL had applied for licence with the Reserve Bank of India (RBI) to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways. However, in November 2022, RBI rejected PPSL’s application and asked the company to resubmit it, so as to comply with Press Note 3 under FDI rules. Check out the story : https://lnkd.in/gDyG_rgZ #fdi #ppsl #rbi #ppbl #paytm #Regulatorycompliance #InterMinisterialCommittee #businessnews #bizzbuzz

**RATES SOD** At start of day today, MBNA trims 10 bps off of it's 1 yr fix to price at 5.10%, dropping from 1st to 6th place in this market, with Hampshire Trust Bank leading with a 5.17% offer in the 1 yr...and at end of day Hampshire Trust Bank lowers this 1 yr fix to 5.12% Charter Savings Bank lower 1 yr fixes to 5.06% United Trust Bank Limited lower 1 yr ISA to 4.85% Cumberland Building Society reprice 1 & 2 yr ISAs, and 2 yr fix Hodge adds 16 bps to it's 3 yr fix RCI Bank increase 2 & 3 yr fixes See all rate changes here: https://lnkd.in/gRnJ94-v Our intuitive, web-based platform supports real-time rates analytics and historical savings rate data - please do reach out for a demo: info@savingsindex.com #savings #interestrates #banks #savingsindex

Lloyds Banking Group PLC (LSE:LLOY)'s #consumer #business is making good progress, according to analysts at KBW Europe. The research team was commenting following what it called an "excellent" update from Lloyds’ management. In particular, KBW said management highlighted that the business is on track to contribute c.30% of its total additional revenue target (£1.5 billion by 2026) and c.40% of its gross cost savings target (£1.2 billion by 2024). This is achieved by a combination of new products as well as efficiency initiatives, it noted. In terms of near-term performance, despite challenging margin trends, it remains comfortable with existing >310 basis points net interest margin guidance for 2023. But KBW retained an 'underperform' rating on Lloyds. More at #Proactive #ProactiveInvestors http://ow.ly/wZzP104Xctr #LSE #LLOY

Government schemes are important for all exams be it UPSC, RBI Grade B, NABARD Grade A or any other bank exams. You will find questions related to government schemes which are in news recently. Check out this space for more such schemes #PMJDY #importantschemes #RBIGradeB #NabardGradeA #UPSC

#TheBankingShow | Non-Banking Financial Companies or NBFCs play a vital role in the financial landscape of the country. But what are they? All answers here State Bank of India #NBFCs #bankingsector #India https://lnkd.in/dvZB8jYG

Every month ITC was claimed based on GSTR 2B Due to this some ITC for the last quarter of FY 22-23 was claimed in the first quarter of FY 23-24 (Reason late reflection in GSTR 2B due to late filing of GSTR 1 by counter party) Same happens every year Now Table 6 of GSTR 9 have ITC value based on GSTR 3B filed during FY 22-23 but this ITC have some part pertaining to FY 21-22 As a result of this process even though ITC was claimed 100% accurately based on GSTR 2B but still calculations of ITC amounts for Table 6 and Table 8 were difficult in GSTR 9

💬𝐀𝐫𝐞 𝐲𝐨𝐮 𝐧𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐩𝐫𝐨𝐜𝐞𝐬𝐬 𝐨𝐟 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐚𝐧 𝐍𝐁𝐅𝐂 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚? Our team at NBFC Advisory specializes in guiding businesses through every critical step: from ensuring eligibility and preparing documentation to submitting your application, obtaining RBI approval, and securing your Certificate of Registration. 🌐𝐑𝐞𝐚𝐜𝐡 𝐨𝐮𝐭 𝐭𝐨𝐝𝐚𝐲 𝐭𝐨 𝐬𝐭𝐫𝐞𝐚𝐦𝐥𝐢𝐧𝐞 𝐲𝐨𝐮𝐫 𝐍𝐁𝐅𝐂 𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐩𝐫𝐨𝐜𝐞𝐬𝐬 𝐰𝐢𝐭𝐡 𝐞𝐱𝐩𝐞𝐫𝐭 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐬𝐮𝐩𝐩𝐨𝐫𝐭. #NBFC #BusinessConsulting #FinanceIndustry #IndiaBusiness #ExpertGuidance

RBI Rijig ‘too big to fail tag’ for NBFCs This is a new regulatory framework by the RBI for NBFCs which eliminates the classification of ‘systemically important NBFCs. Under the new framework, only the larger NBFCs will be subject to the strict regulations. Click the link below: https://lnkd.in/ducfgRVM #RBI #NBFCs #FinancialRegulation

Here's what Farrukh Rehman, Head of Commercial & Retail at UBL has to say about the UBL's pride in assisting small and medium enterprises contributing to the country's economy. #UBL #SMEBanking #BestInDigitalInnovation #BestDigitalBank2022

atest News: ASSET QUALITY FOR THE SFB INDUSTRY: GNPA TREND AND CREDIT COST (AS AT MARCH 31, 2021 – MARCH 30, 2023): IN THE WAKE OF THE COVID-19 PANDEMIC AND THE ENSUING NATIONWIDE LOCKDOWN BETWEEN THE LAST WEEK OF MARCH 2020 AND MAY 31, 2020, SFBS EXPECTED THE SHUTDOWN TO ADVERSELY IMPACT THE PORTFOLIO QUALITY, AND THEREFORE MADE A PRUDENTIAL PROVISION LEADING TO AN INCREASE IN PROVISIONS FOR SOME OF THE SFBS. THE BENEFIT OF RBI DISPENSATION ON NPA RECOGNITION NORMS WERE APPLIED ON THE MORATORIUM PORTFOLIO, WHICH PREVENTED A SPIKE IN CREDIT COST TO SOME EXTENT. https://lnkd.in/grKuM7Rh Like 👍 Comment 🗨 Share & Save 📥... @PROFITFROMIT Follow Us for the latest updates on workshops and classes...⚡ 1800 8904 317 Toll Free www.profitfromit.in