[Banking] Bancassurance: Compulsory Broker Model, IRDA vs Banks, issue, benefits, challanges, insurance penetration, Financial inclusion & Nachiket Committee

Prologue Bancassurance #1: Referral Model #2: Corporate Agent model #3: Broker Model Benefits of Broker model? Anti-Arguments: Broker Model Nachiket on Insurance Cross KYC Reforms in NBFC bancassurance models Allow NBFCs to take deposits NBFCs as mutual funds agents [...]

By |2015-01-26T19:10:13+05:3025/01/2014|Categories: Economy|Tags: , |40 Comments

[Banking] Shadow Banks, Wholesale Banks, Securitization: Functions & Features Nachiket Committee’s recommendations

Prologue Securitization What happened in Sub-prime crisis? Shadow Banking Shadow Banks: Why bad? Shadow Banking in India? Should India be worried? Gold Loan Companies as Shadow Banks? RBI’s safeguards on Gold loan NBFC Wholesale Bank? Wholesale Investment Bank vs [...]

By |2015-01-26T19:10:13+05:3023/01/2014|Categories: Economy|Tags: |47 Comments

[RTI] No Changes in Age-Attempt-Structure of Civil Service Exam, Both UPSC & Personnel Ministry confirm they’ve ignored protests by aspirants outside parliament in Dec 2013

UPDATE: 10 Feb 2014: Central Government approved TWO Extra attempts. Click me for more Old information below: Prologue Personnel Ministry on Anti-UPSC protests Government did receive petitions Minister’s reply in Rajya Sabha= We’ll change nothing No new Committee about [...]

By |2014-02-10T18:56:11+05:3021/01/2014|Categories: RTI|48 Comments

[RTI] UPSC afraid candidates won’t take English & language papers seriously, hence refuses to tell minimum passing marks, Mains-2013 Result in March-April 2014

Minimum Passing marks in English & Language papers Principle used to fix minimum passing marks in Mains? Candidates selected for Mains (Categorywise) Attendance in Mains-2013 Tentative Result dates for Mains-2013 Re-evaluation of Mains answersheet? Absence in one of the [...]

By |2014-01-21T17:22:24+05:3021/01/2014|Categories: RTI|109 Comments

[Banking] Nachiket Committee: Remove SLR, Reduce CRR, Raise PSL to 50%, Increase Loan Access: Issues, implications explained

Prologue Accepting Deposits: Why Remove SLR? Why Priority sector lending? What if PSL target not met? Additional safeguards under PSL PSL target raised to 50% Base Rate Agri. interest subvention scheme Debt relief= bad habits PSL: Misc. Issues/recommendations Mock [...]

By |2015-01-26T19:10:13+05:3018/01/2014|Categories: Economy|Tags: |55 Comments

[Banking] Nachiket Committee: Universal Electronic Banking Account (UEBA), Payment Access Points, Financial Inclusion, Seigniorage and More

What is Financial Inclusion? We need financial Inclusion because Financial Inclusion: Steps taken so far Six Visions Statements Vision #1: UEBA Bank account for Adult Vision#2: Access Points for Banking/Payment Services Rural Branching Mandate White label Business Correspondence Agents [...]

By |2015-01-26T19:10:13+05:3015/01/2014|Categories: Economy|Tags: |96 Comments

[Banking] Nachiket Committee: Payment Banks- Rationale, Features, Advantages, Limitations, Pre Paid Instrument Providers (PPI), USSD Banking

Pre-Paid Instrument Providers (PPI) Why Nachiket hates PPI model? Why Payment Bank? What is payment bank? M-Pesa: Why India should get Payment banks? Payment Banks: Anti-Arguments USSD and Conflict of Interest USSD connectivity for Banking Mock Questions Pre-Paid Instrument [...]

By |2015-01-26T16:13:29+05:3014/01/2014|Categories: Uncategorized|44 Comments

[CDS] UPSC Declared the result for CDS(II)2013 exam, Almost 9000 candidates selected for the SSB interview round

UPSC has declared the result of CDS(II)2013 exam. Official Result Link: http://www.upsc.gov.in/exams/written-results/cds2/2013/wr_cds2_2013.pdf Total 8984 selected for the SSB (Service selection board) Interview round. The ratio of candidates shortlisted for the examination per vacancy is approx. 1:18 @Those who failed [...]

By |2014-09-10T17:44:12+05:3008/01/2014|Categories: Notice Board|Tags: |60 Comments

(January 2014): Write Articles Win Books for prelim, mains and interview, PLUS free notes for everyone – 26th Jan last date to submit

Prologue Technical Requirements Where to send the article? Topic Requirements [Other category] Language Requirements: Good Faith Requirements: Prizes to Win Three books on Freedom Struggle (Bipin, Sumit, Rajiv) TMH General Studies Manual (English) Gandhi: A life (NBT) Separate author [...]

By |2014-09-30T16:20:42+05:3007/01/2014|Categories: Z-Miscellaneous|Tags: |44 Comments
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