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Updates about RBI Grade B, RBI Assistant and SEBI Grade A, NABARD Grade A, Grade B and Development Assistant Exams and latest news regarding important Economy, Banking and Finance developments.
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🏅NEGOTIABLE INSTRUMENTS
SECTION🏅

🩸 SIMPLE CROSSING OR GENERAL CROSSING_ NI ACT 123

🩸 RESTRICTIVE CROSSING_ NI ACT 127

🩸SPECIAL CROSSING_ NI ACT 124

🩸NOT NEGOTIABLE CROSSING_ NI ACT 130

🩸ENDORSEMENT_ SEC 15

🩸DEMAND DRAFT_ SEC 85(A)

🩸PROMISSORY NOTE_ SEC 4

🩸BILL OF EXCHANGE_ SEC 5

🩸CHEQUE_ SEC 6

🩸BANK HOLIDAY_ NI ACT_ 1881

🩸TOTAL NI ACT_ 148

🩸DRAWEE & DRAWER_ SEC 7

🩸DISHONOR BY NON PAYMENT_ SEC 92

🩸DISHONOURING OF CHEQUE_ SEC 138

#Banking #Sections

🔴Important Sections of Banking Regulation Act 1949🔴

🌟There are total 56 Sections in the Banking Regulation Act 1949🌟

🟠Section 10BB: Power of Reserve Bank to appoint [chairman of the Board of directors appointed on a whole-time basis or a managing director] of a banking company.

🟠Section 11: Requirement as to minimum paid-up capital and reserves

🟠Section 12: Regulation of paid-up capital, subscribed capital and authorised capital and voting rights of shareholders

🟠Section 21: Power of Reserve Bank to control advances by banking companies

🟠Section 21A: Rates of interest charged by banking companies

♦️Section 22(1): Licensing of banking companies

🟠Section 23: Restrictions on opening of new, and transfer of existing, places of business

🟠Section 29: Accounts and balance-sheet

🟠Section 36AE : Power of Central Government to acquire undertakings of banking companies in certain cases

🟠Section 44A: Procedure for amalgamation of banking companies.

Note:👇👇

💥💥Amalgamation of two banking companies is under the provisions of Section 44A of the Banking Regulation Act, 1949.

💥💥Amalgamation of a banking company with a non-banking company is governed by sections 391 to 394 of the Companies Act, 1956.

🟠Section 47A: Power of Reserve Bank to impose penalty

🟠Section 49A: Restriction on acceptance of deposits withdrawable by cheque.
Forwarded from ABC ABC
Megha Arora (Post Taken from Linkedin) What is the solution?

INR 21.6 LAKH FRAUD FROM MY ICICI Bank ACCOUNT IN LESS THAN 24 HOURS

On 9 Feb 2023, I became victim to massive ICICI Bank A/C fraud wherein I lost INR 21,57,700 within 24 hours. Around 4:11PM, Rs 5 Lakhs (Transaction ID: 304016691786) were taken away fraudulently supposedly in connivance with the bank staff. At same time, Rs 4,99,900 (Transaction ID: 000601018537) were illegally taken away. It was very unfortunate to note this unauthorised withdrawal was made when the money was parked in Fixed Deposit and no OTP nor any approval was given by me.

Also, on Feb 9 at 4.11 PM, Rs 1,29,900 (Transaction ID: 796108), Rs 1,37,900 (Transaction ID: 36211) were withdrawn from my credit card. It is unfortunate that Rs 1,29,900 were allowed by the bank even after the approval was categorically denied by me over the phone. For the other amount (Rs 1,37,900), no verification/approval call was made by the Bank - which is mandatory. These unauthorised transactions were made through NEFT / IMPS to Punjab National Bank, Punb009, account number (0944000100616054).

The matter was immediately reported to the ICICI bank with clear-cut instructions to block my account & online/Internet banking, debit card credit card etc. with an immediate effect. The same was further confirmed by the Bank (Service requests- SR 883108634, SR 883115111, SR 883115468, and SR 883149784). The said matter was also reported to Cybercrime (No. 20802230010730 & 20802230010841) and at public No. 1930.

Shockingly and to my utter surprise and despite my strict instructions to the Bank not to allow any further transactions in my account, the Bank continued allowing transactions without any verification call/approval from me. In fact, the Bank rather than following my committed instructions & adhering to standard banking protocols further allowed unauthorized withdrawals on Feb 10 at 8.11 AM of Rs 4 Lakh (Transaction ID: 000601431140) & Rs 4,90,000 (Transaction ID: 000 601431128).

It is further added with pain that I continued receiving calls for the next two days simultaneously from (+ 91 7481924311, +91 7903358551) asking for more account details. The ICICI branch has informed me that the said fraudulent withdrawal has gone to the Punjab National bank (AC: 0944000100616054, IFSCI: PUNB0094400, Prashant Chandra Poddar).

In view of the above, I request you to spread the word and call out to the ICICI Bank authorities to investigate the nexus/connivence between the ICICI bank staff and the offenders, and to roll back/credit the fraudulent withdrawal of money into my account immediately and further insist for an inquiry by the cybercrime team.

I have lost all my life savings in the blink of an eye, making my survival difficult. Please spread this as much as you can to help me get my hard-earned money and by demanding from ICICI Bank to set an example for the rest of us so that we can rely on them as a trusted partner for our financial needs.

#money #banking #cybercrime #icicibank #help
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The #Rajasthan #Cooperative #Recruitment #Board, #Jaipur, has issued a notification (dated 10-12-2024) for the #recruitment of 449 vacancies in the #Rajasthan #State #CoOperative #Bank (#ApexBank) and various #District #Central #Cooperative #Banks (#DCCBs) across the state.

The positions and their total distributions are as follows:


#Senior #Manager: 5 posts (Non-TSP)

#Manager: 101 posts (90 Non-TSP, 10 TSP, 1 Baran Sahriva)

#Computer #Programmer: 7 posts (Non-TSP)

#Banking #Assistant: 336 posts (300 Non-TSP, 31 TSP, 5 Baran Sahriva)

Overall, there are 402 Non-TSP posts, 41 TSP posts, and 6 Baran Sahriva posts, totaling 449 vacancies. Interested and eligible candidates can submit their applications online through the official website (https://rajcrb.rajasthan.gov.in). This notification supersedes previous notices issued by the Board.
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#Middle #Class

Middle class is stuck: #Saurabh# Mukherjea warns of #Lost #Decade for ₹5 lakh to ₹1 crore earners in India. Entry level #IT #Jobs that once offered ₹2-3 lakh annually, critical stepping stones for the Indian middle class, are disappearing as #robots and #automation take over. “Any repetitive job is under threat. #Coding is just the first of many white collar roles that #AI will disrupt, then #Banking and #Media,” Mukherjea warned.
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Lateral Entry for Working Professionals!

🚨 #UPSC Special Recruitment Drive 2025 – 78 Vacancies Announced! 🇮🇳

UPSC invites applications for key posts in SFIO, Defence, Finance, Health, and Culture ministries. Roles include:

✅ Assistant Directors (#Banking, Corporate #Law)
✅ Company Prosecutors
✅ Deputy Architects
✅ Assistant Professors (Medical Specialties)
✅ Deputy Intelligence Officer (IB)
✅ Medical Physicist & Scientist B

🎯 Eligibility: Law, #Finance, #Engineering, #MBBS, #PhD, #MSc, #Architecture – with relevant experience
📍 All-India postings | 🔁 AISL | 💼 Permanent Posts
♿ Inclusive openings for PwBD

To know more details join this WhatsApp Channel:

‎Follow the Life Coaching By Susheel A Ragade (Job and Education) channel on WhatsApp: https://whatsapp.com/channel/0029VamMCIyLSmbdb20KkH3E
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💳 When you don’t need money, banks line up to offer you pre approved loans, credit limit hikes, and VIP treatment.

But when you’re in real need maybe jobless, or starting a business they pull back, citing risk. 🤷‍♂️

This is not just ironic; it reflects a deeper flaw in our financial system.

🔹 HDFC Bank
🔹 SBI
🔹 ICICI
🔹 Axis Bank
🔹 Kotak
🔹 IDFC First
🔹 Bank of Baroda

We must rethink how creditworthiness is judged in India. #FinancialInclusion #Banking #StartupIndia #CreditAccess #MoneyMatters
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Forwarded from ABC ABC
From We Bankers Facebook Page.

🖊️... अत्यंत दुखद। इस बात में अब किसी शक की गुंजाइश नहीं बची कि पंखा ही असली गुनाहगार असली अपराधी है। सरकार को तत्काल प्रभाव से पंखों को पूरे देश में बैन करना चाहिए। विशेषकर बैंक अधिकारियों के लिए।
हर घटना में वही मौजूद मिलता है, हर बार वही छत से लटका हुआ दिखाई देता है—जैसे कोई पुराना, चालाक अपराधी जो हर बार मौके पर भी रहता है और हर बार बच भी निकलता है।
सवाल यह है कि पंखा हर बार बच निकलता कैसे है?
इतनी वारदातों के बाद भी न कोई गिरफ्तारी, न कोई सज़ा।
लगता है पंखों की कोई बहुत बड़ी लॉबी है, जो हर बार उसे कानून के शिकंजे से बचा लेती है।
वरना इतनी बार नाम आने के बाद तो किसी इंसान को कब का सज़ा हो चुकी होती।
अब वक्त आ गया है कि पंखे के खिलाफ सख़्त कार्रवाई हो।
हर घर के पंखे की गिनती हो, उसका रिकॉर्ड तैयार किया जाए, और जिन पंखों का इतिहास संदिग्ध हो—उन्हें तुरंत हिरासत में लिया जाए।
क्योंकि यह कोई मामूली अपराधी नहीं है—यह वह अपराधी है जो हर बार हमारे सामने होता है और फिर भी हाथ नहीं आता।

आप माने या न माने पंखा ही दोषी है, और उसे हर बार बच निकलने की छूट अब बंद होनी चाहिए। उसे सार्वजनिक तौर पर फांसी मिलनी ही चाहिए।

हे ईश्वर .... ऐसे पंखों से बैंक अधिकारियों की रक्षा करें।
ॐ शांति 🙏

रामशंकर सिंह उर्फ बंजारा कवि 🖊️
#Bankers #Banking #bankerslife
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