• A market refers to the places where goods and services are sold and purchased. It consists of all the potential customers sharing a particular requirement or need or goods to engage in exchange.
  • Market implies a situation where buyers and sellers of a commodity interact and coming together of buyers and sellers of the same or similar commodities.
  • A market is not essentially a geographical area as buyers and sellers may be located at different places.

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What is Intercreditor Agreement(ICA) and how it works?

Intercreditor Agreement(ICA)

An Intercreditor Agreement, commonly referred to as an intercreditor deed, is a document signed between two or more creditors(banks), stipulating in advance how their competing interests are resolved and how to work in tandem in service to their mutual borrower. The inter-creditor agreement is aimed at the resolution of loan accounts with a size of ₹50 crore and above that are under the control of a group of lenders. It is part of the “Sashakt” plan approved by the government to address the problem of resolving bad loans. Read More »

All you need to know about UPI, the Unified Payment Interface

What is UPI?

Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity. UPI is built over the IMPS infrastructure and allows you to instantly transfer money between any two parties’ bank accounts.

Who is behind UPI?

UPI is an intiative of NPCI, setup with the support of RBI and IBA. UPI is the advanced version of IMPS.

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With the introduction of computers in Indian banks and with the advent of ATMs, the
banking services are provided across the banks. Customers need not necessarily visit the branch to do banking transactions, when the banks provide them with tele-banking or remote-banking facility. This type of banking is called electronic banking.Read More »



The computer security should focus on important aspects such as proper integration, accessibility, control and auditability. The management of an organization must be in a position to determine as to whom to allow access to the net work, able to use the audit function. The security can be provided by use of physical methods and by use of logical methods.Read More »

Bank Computerization – JAIIB Module – C

Essentials of Bank Computerization

The process of computerization in Indian banks started in early 80s when the first committee on computerization. Rangarajan Committee gave its recommendations in the year 1984. The 2ND report of Rangarajan Committee in the year 1989 gave the much needed pace to expedite the computerization. The major objective of computerization, can be improved customer service, better housekeeping, quicker decisionmaking and increased profits and productivity.

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Interesting Facts I Bet You Never Knew About NPA

Non Performing Assets (NPA)

An asset, including a leased asset, becomes non performing when it ceases to generate income for the bank.  If one account of the borrower in the bank becomes NPA in one branch, then all accounts of that borrower in other branches of the same bank also are classified as NPA. Thus classification as NPA is done borrower wise and not account wise. In all NPA accounts, provision is to be made on the basis of asset classification.Read More »