...Pension Questionnaire To make sure that you are offered the correct pension options, your employer and Civil Service Pensions (CSP) need to know about your pension history. Please answer the questions on the following pages. Your employer will use your answers to work out which of the CSP schemes you can join. Try to answer the questions as accurately as you can. Once you have completed this questionnaire return it as soon as possible and CSP will let you know what your pension choices will be. Make sure you add your National Insurance (NI) number at the top of each page. Section 1 | Your personal data | | | Your full name | | | | Your NI number | | | | Your date of birth | | | | Your start date | | | | Your NI number: | | Section 2 | Your pension information | Have you ever been a member of a public service pension scheme? Public services employers include the Civil Service, judiciary workers, teachers, members of the armed forces, fire and rescue services, the police, health service workers, and local government employees. You can find more information here: www.legislation.gov.uk/ukpga/2013/25/schedule/1Answer this question with details of your latest period of pension scheme membership. | | Which scheme? | At which employer? | | What date did you leave? | | Sections to complete | | | | | | | | | | | | | Civil Service pension arrangements | | | | | 3, 4, 5, 7 | | | | | | | | |...
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...Determinants of NPAs in the Indian Public Sector Banks: A Critique of Policy Reforms Dr. Pradip Kumar Biswas* and Ashis Taru Deb** The paper analyzes the process leading to formation and perpetuation of high levels of NPAs in Indian Public Sector Banks (PSBs). It distinguishes between random and non-random reasons of NPA formation in PSBs. It points out that a high degree of arbitrariness is involved in defining NPAs as it fails to capture diversity in terms of the seasonal and cyclical nature of the economic activities in India. The study conceptualizes random reasons for default in a simplified framework of a Poisson process. It then argues that the non-random reasons go beyond the conventional paradigm of interim, ex-ante and ex-post information asymmetries and incomplete contracts. It points out that the financial notion of NPA as a mere risk phenomenon is inadequate, because a number of reasons leading to non-random generation of NPA are related to the dimension of uncertainty. It highlighted that the use of a secondary asset market may take care of NPA problem, but it requires a number of conditions for its use, which hardly exist in India. The study observes a number of reasons for generation of NPAs which are important and peculiar to India. This is followed by a critical evaluation of the series of policy measures that have been adopted to improve the NPA scenario since liberalization. While one set of policies granting greater autonomy to the PSBs are proved to be quite...
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...performance since the last few years. The public sector Banks have also shown comparatively good result. The gross profits and the net profits of the Public Sector banks have been on a high from past few years. The private sector banks are also showing good results in case of profits. However, the only problem of the Scheduled Commercial Banks these days are the increasing level of the non performing assets. The Non-Performing Assets (NPAs) problem is one of the foremost and the most formidable problems that have shaken the entire banking industry in India like an earthquake. Like a canker worm, it has been eating the banking system from within, since long. It has grown like a cancer and has infected every limb of the banking system. At macro level, NPAs have choked off the supply line of credit to the potential borrowers, thereby having a deleterious effect on capital formation and arresting the economic activity in the country. At the micro level, the unsustainable level of NPAs has eroded the profitability of banks through reduced interest income and provisioning...
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...NON-PERFORMING ASSET An asset becomes non-performing when it ceases to generate income for the bank or financial institution. In the past RBI had sets guidelines for an asset to be classified as an NPA. An asset was considered as non-performing asset based on the concept of Past Due; a credit in respect of which interest/instalment of principal remained past due for a specific period of time. The specific period was reduced in a phased manner. An amount was considered as past due if it remained outstanding for 30 days beyond the due date. Starting from April 2001, the past due concept was removed and the period to be reckoned for calculation of non-payment started from the due date of payment. From the financial year 2003-04, in order to move towards international best practices, the RBI adopted the 90-days-overdue norms for identification of NPAs. With effect from March 31, 2004, a non-performing asset has been defined as a loan or an advance where:- * Interest/instalment of principal remains overdue for a period of more than 90 days in respect of a Term Loan * The account remains Out of order for a period of more than 90 days, in respect of an Overdraft / Cash Credit facility * The bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted * In the case of direct agricultural advances, an annexure Annex 1 lists the types of advances which are to be treated in a special way as advised in the overdue norm. Agricultural...
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...have also shown comparatively good result. The gross profits of the Public Sector Banks currently 29,715.26crore which has been doubled to the last to last year, and the net profit of the Public Sector Banks is 12,295,47crore. However, the only problem of the Public Sector Banks these days are the increasing level of the non performing assets. The non performing assets of the Public Sector Banks have been increasing regularly year by year. If we glance on the numbers of non performing assets we may come to know that in the year 1997 the NPAs were 47,300crore and reached to 80,246crore in 2002. The only problem that hampers the possible financial performance of the Public Sector Banks is the increasing results of the non performing assets. The non performing assets impacts drastically to the working of the banks. The efficiency of a bank is not always reflected only by the size of its balance sheet but by the level of return on its assets. NPAs do not generate...
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...WEBSITES: DRT Cases • DRTC is the only Journal available, devoted exclusively to DRT cases. • DRTC published in monthly parts provides in full text, the most systemic access to cases by the Supreme Court, High Courts, DRAT & DRT’s. • DRTC is a current record of the latest substantive cases on the DRT Auction Sale, Bank & Customer, Banking Frauds, Cheating, Banking relating to Companies, Partner-ship, Proprietorship, Central & Financial Corporation Act, Dishonour of Cheques, Debt Laws, Embezzle-ment, Hypo-thecation. Interest Act, Selected cases under Banking Regulation Act, Negotiable Instruments Act, BIFR, AAIFR, MRTP Commissions, SEBI, SICA, State Recoveries of Dues Act and several Allied Act making this an essential reading for Practitioners, Financial Institutions, Banks, Corporate Sector wth an invaluable reference source of developments in matters related to the above topics. • Fast access to information. • Each issue contains up to 20 decisions with full text every Judgment. • Almost all reportable / non-reportable judgements, decisions delivered by Debt Recovery Appellate Tribunals and DRT’s. • Cases are clearly presented ith catch words and concise head notes summarizing the judgments clearly and accurately. • Cross – references are given to other major legal decisions delivered by the Supreme Court & various High Courts. Accurate Case Reporting of land mark case, with topical Index, Subject Index & Important Law Point and the background of the case, the judgement...
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...legal etc. sectors as Banking Ombudsmen (BO). * But now RBI has reserved this BO post for its own Chief General Managers and General Managers. * Tenure: 3 years at a time. * Reappointment: yes possible. Jurisdiction * Banking Ombudsman (BO) Scheme applies to whole of India (including Jammu and Kashmir). Banking Ombdusmen have jurisdiction over 1. All commercial banks (scheduled and non scheduled, public and private) 2. Regional rural banks 3. scheduled primary co-operative banks 4. NBFCs (BO’s Jurisdiction limited to “loan” part.) * BO is not a replacement of Consumer forum/courts. He merely supplements them. * BO deals with matters less than or equal to Rs.10 lakhs. * Here are some examples situation where BO can help you: Regular banking 1. Demand draft, cheques, pay orders etc. not issued on time. (or not paid on time) 2. Credit card related complaints (e.g. bank putting hidden charges. Your credit card was stolen but bank did not disable it even after you called them.) 3. You asked the bank to close your account / credit card but they are not doing it. 4. Bank refuses to open your account without giving valid reasons. 5. Bank closes down your account without valid reasons. 6. Government / your company deposited salary / pension in your account but the bank is not releasing it on time. 7. Bank is taking out money from your account in pretext of some flimsy charges. 8. Branch office notice board says “10.30 to 5” but staff...
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...The Indian Banking Sector On the Road to Progress G. H. Deolalkar G. H. Deolalkar is formerly Managing Director of State Bank of India. 60 A STUDY OF FINANCIAL MARKETS Overview of Banking and Financial Institutions The Banking Sector The banking system in India is significantly different from that of other Asian nations because of the country’s unique geographic, social, and economic characteristics. India has a large population and land size, a diverse culture, and extreme disparities in income, which are marked among its regions. There are high levels of illiteracy among a large percentage of its population but, at the same time, the country has a large reservoir of managerial and technologically advanced talents. Between about 30 and 35 percent of the population resides in metro and urban cities and the rest is spread in several semi-urban and rural centers. The country’s economic policy framework combines socialistic and capitalistic features with a heavy bias towards public sector investment. India has followed the path of growth-led exports rather than the “exportled growth” of other Asian economies, with emphasis on self-reliance through import substitution. These features are reflected in the structure, size, and diversity of the country’s banking and financial sector. The banking system has had to serve the goals of economic policies enunciated in successive fiveyear development plans, particularly concerning equitable income distribution, balanced...
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...[pic] http://mbanetbook.blogspot.com/ Project on Non Performing Assets in Banks CONTENTS |Chapter no. | Title |Page no. | | |Executive Summary |2 | |1 |General Introduction | | | |Introduction to the Topic |4 | | |Company Profile |6 | | |Non performing assets |10 | |2 | Research Methodology |32 | |3 | Data Analysis & Interpretation |38 | |4 | Findings, Suggestions & Conclusions |64 | |5 | Annexure: | | | |a) Bibliography ...
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...countries, but there are several issues that need to be ironed out. In this article, we try and look into the challenges that the banking sector in India faces. Interest Rate Risk: Interest rate risk can be defined as exposure of bank’s net interest income to adverse movements in interest rates. A bank’s balance sheet consists mainly of rupee assets and liabilities. Any movement in domestic interest rate is the main source of interest rate risk. Over the last few years the treasury departments of banks have been responsible for a substantial part of profits made by banks. Between July 1997 and Oct 2003, as interest rates fell, the yield on 10-year government bonds (a barometer for domestic interest rates) fell, from 13 per cent to 4.9 per cent. With yields falling the banks made huge profits on their bond portfolios. Now as yields go up (with the rise in inflation, bond yields go up and bond prices fall as the debt market starts factoring a possible interest rate hike), the banks will have to set aside funds to mark to market their investment. This will make it difficult to show huge profits from treasury operations. This concern becomes much stronger because a substantial percentage of bank deposits remain invested in government bonds. Banking in the recent years had been reduced to a trading operation in government securities. Recent months have shown a rise in the bond yields has led to the profit from treasury operations falling. The latest quarterly reports of banks clearly...
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...new are as follows: 1.1. Effects of diversifying the product portfolio:Troubles mounted as the bank could not create the capital supply due to increased capex requirements to support these diversification.Moreover at a later stage under the Project Sabre Terry indicates that the product portfolio was extensively diversified which resulted in lack of focus amongst different product and market niches. 1.2. Effects of legislation-For instance Governement legislation to deregulate the financial sector.Changing competition scenario in UK's financial services market leveraging co-perative service to transform into banks and diversify their product potfolio. 1.3. Customer Expectations:Changing customer expectations and lower switching costs can decrease the existing customer base.Thus the cost structure of the bank has to be leveraged for higher profits at the market costs.This is a perfect competetion case where the markets determine the costs(i.e. price for services) which has to be charged by the banks to sustain. 1.4. Macro-economic factors:High levels of unemployement i.e. recession had pressurised the customer base to remain dormant and thus impacted the banking institutions. 1.5. Functional restructuring:For instance the Personal Customer Service Center was formed.Thus forcing cost restructing in terms layoffs. 1.6. Cost centers:This is the first we are dealing with geographical and departmental...
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... The professional organizations I am interested in (and belong to) are many. I am a member in ‘good standing’ with The Computing Technology Industry Association (CompTIA), Institute of Electrical and Electronics Engineers (IEEE), Network Professional Association (NPA), Independent Computer Consultants Association (ICCA). However, my favorite organization is Tech Republic Tech Republic is a free website dedicated to issues in the world of the Information Technology (IT). It is owned by CBS Interactive and marketed alongside BNet and ZDNet (formerly ZiffNet). Once a person becomes a registered member on this site, it will allow them to receive several e-newsletters, download certain ‘White Papers’ (authoritative report or guide that often addresses issues and how to solve them), and post comments on the site. Tech Republic provides up-to-date, relevant information for those people in the IT Field. Besides the White Papers, it also provides the member with Newsletters, Blogs, Downloads, Forums, Photos, Videos, Webcasts, Software, and Training. Most of these items are all free. However, there are some items that may need to be purchase (at reduced rates) and can do so at their online Store, for necessary, or nice-to-have items that the IT Technician may desire. Tech Republic helps provides the IT pro with the knowledge and abilities that directly affect his or her career. It provides the most current and up-to-date...
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...* If you are working, why you want to leave your current job ? * Why banking sector and how you are the right person for it ? * What is your father's Job Background ? * What are NPA (Non-Performing Assets), how can u use technical knowledge in correcting the balance sheet? * How Can NPA be reduced ? * For unemployed people, which plans are addopted by government ? * Tell us About your native place and famous places near to it. * What was the Headline in Today's Newspaper?(Main Page and Financial Page Both). * What are functions of Banks and How does banking effect the economy of the country? * Difference between Fiscal and Moinetary Policy ? * Number of Districts in Your and Nearby States ? Governor, Chief Minsiter and Other Ministers of Your State (Like Education, Tourism Ministers )? * Latest Noble Prize Winners, Padam Awards Winners, Miss India, Miss World Miss Universe Etc. * How is Future growth of commercial banks in India and any hurdles to it ? * Banks VS NBFCs (Non Banking Finance Companies) ? * Questions About Budget 2013 - 14 and current five year plan. * Difference between Cheques, DD, Bill of Exchanges and Certificate of Deposit ? * Direct and Indirect Taxes In India. * Important People of India - Chief of Planning Commission and Election Commission Etc. CM and Governors of All States. * Where you want to see yourself after 5 Years? * Your Strengths and Weakness ? * RBI's Role in Economy...
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...Asset - Liability Management System in banks - Guidelines Over the last few years the Indian financial markets have witnessed wide ranging changes at fast pace. Intense competition for business involving both the assets and liabilities, together with increasing volatility in the domestic interest rates as well as foreign exchange rates, has brought pressure on the management of banks to maintain a good balance among spreads, profitability and long-term viability. These pressures call for structured and comprehensive measures and not just ad hoc action. The Management of banks has to base their business decisions on a dynamic and integrated risk management system and process, driven by corporate strategy. Banks are exposed to several major risks in the course of their business - credit risk, interest rate risk, foreign exchange risk, equity / commodity price risk, liquidity risk and operational risks. 2. This note lays down broad guidelines in respect of interest rate and liquidity risks management systems in banks which form part of the Asset-Liability Management (ALM) function. The initial focus of the ALM function would be to enforce the risk management discipline viz. managing business after assessing the risks involved. The objective of good risk management programmes should be that these programmes will evolve into a strategic tool for bank management. 3. The ALM process rests on three pillars: • ALM information systems => Management Information System => Information availability...
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...many banks including SBI that borrowed huge amounts of money to this loss making enterprise, Kingfisher has now been recorded as a non performing asset (NPA). Kingfisher entered its worst ever crisis since October last year - By early 2012, the crisis had got so bad that the airline accumulated total losses of over $ 1.27 billion. Moreover, the market share of Kingfisher airlines in the Indian aviation sector fell drastically – while it boasted of having the second largest market share in October last year, its market share has now fallen to the lowest of any Indian airline in April. To make things worse, the airline has had to cut the number of its flights to about 120 a day, down from about 340 daily flights. (Hatif T, 2012; Parija P, 2012 ). There were a large number of flight cancellations too. In addition, in May 2012, the Indian aviation director even threatened Kingfisher that it would lose its flying slots if it did not pay the income tax of Rs 269.06 immediately. (Anonymous, 2012; Munshi N, 2012) Kingfisher’s market share in the Indian aviation sector in 2009 (domestic operations) Kingfisher’s market share in the Indian aviation sector in 2011 (domestic operations) Kingfisher’s market share in the Indian aviation sector in 2012 (domestic operations) Kingfisher has been declared as a non performing asset (NPA) by the...
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