RECENT CHANGES IN THE BANKING

SECTOR

Presented By
Nisha Mathew
S2 MBA
UIT-CME,Adoor
 In the new fiscal year, some important changes can see
in the banking sector…………
 Customers have the facility to use ATM’s of any bank
with out paying service charge…………..

 There is no BANKING TRANSACTION TAX for the

withdrawal of money above Rs. 50,000

 There will be strict execution of BASAL 2 rules in all

commercial banks………..
 Due to the low inflation rate, there will be a lot of chance
to decrease the rate of interest…………

 By the last four months there is a sudden decrease in

REPO rate(3.5%) $ in CRR (4%)………….

 At the same time we can expect the fall of interest in

deposit…………..
 In this fiscal year, there will be an expansion in the
banking sector with the help of technology like Net
Banking, Mobile Banking………
CHEQUE TRANKATION
 Through this system customers can clear the outstations
cheque very easily…………

 Here the copy of the cheque is taken by the scanner

&send the electronic copy of the cheque………….

 Now a days we use the post or courier for the

transaction of the cheque…………
 Through this system we can control the time &cost.It
ensure the surety of cheque………

 Now this system is successfully applied in Delhi…….

 There is a plan to apply this system all over the

country……….
SPEED CLEARING
 This is also helps to easy clearing of outsourcing
cheque………….

 But it will be carry down through the banks where the

CORE BANKING is applied……..

 There will be no service charge up to 1,00,000.

 This speed clearing system is already in
Trivandrum&Kochi………..

 In this year we can expect the application of this system

in Kozhikode &Thrissur…………

 Now a days it will take 15 days for the collection of

outsourcing cheque………..
BASAL- 2
 This is a set of rules formed by B.C.B.S(Basal committee On
Banking Supervision) in 2004………..

 B.C.B.S are under the control of BANK FOR INTERNATIONAL

SETTLEMENT………….

 These restrictions are based on Capital, Investment

control,&decipline based on market………

 It ensure the stability &pay back of debt ………

 Due to the application of BASAL 2 rules, every one will
get a clear picture about the bank’s economic
conditions……….

 The execution of BASAL 2 rules will be checked by

regulated authorities in the national level………..
 Reference………

MALAYALA MANORAMA DAILY NEWS PAPER

Published on 06.04.2009……….
THANKS………….