Showing posts with label BANKING AWARENESS. Show all posts
Showing posts with label BANKING AWARENESS. Show all posts

Friday, March 18, 2016

Download Information Regarding SSC and Banking

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Download Information Regarding SSC and Banking

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Indian Banking

Indian Banking

Indian Banking

Banking in India in the modern sense originated in the last decades of the 18th century. The first banks were Bank of Hindustan (1770-1829) and The General Bank of India, established 1786 and since defunct.
The largest bank, and the oldest still in existence, is the State Bank of India, which originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal. This was one of the three presidency banks, the other two being the Bank of Bombay and the Bank of Madras, all three of which were established under charters from the British East India Company. The three banks merged in 1921 to form the Imperial Bank of India, which, upon India's independence, became the State Bank of India in 1955. For many years the presidency banks acted as quasi-central banks, as did their successors, until the Reserve Bank of India was established in 1935.

In 1969 the Indian government nationalised all the major banks that it did not already own and these have remained under government ownership. They are run under a structure known as 'profit-making public sector undertaking' (PSU) and are allowed to compete and operate as commercial banks. The Indian banking sector is made up of four types of banks, as well as the PSUs and the state banks, they have been joined since the 1990s by new private commercial banks and a number of foreign banks.

Generally banking in India was fairly mature in terms of supply, product range and reach-even though reach in rural India and to the poor still remains a challenge. The government has developed initiatives to address this through the State Bank of India expanding its branch network and through the National Bank for Agriculture and Rural Development with things like microfinance. This also included the 2014 plan by the then prime minister to bring bank accounts to the estimated 40% of the population that were still unbanked.

The total number of automated teller machines (ATMs) installed in India by various banks as of end Oct 2014 is 173697 The new private sector banks in India have the most ATMs, followed by off-site ATMs belonging to SBI and its subsidiaries and then by nationalised banks and foreign banks, while on-site is highest for the nationalised banks of India
Banking Structure in India 
Indian Banking

 

 

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Wednesday, March 9, 2016

Download Information Regarding SSC and Banking

Download Information Regarding SSC and Banking


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Monday, November 24, 2014

Full Forms of Important Banking Terms for competitive Exams

Friends.. Here is the list of important banking terms with their full forms useful for all bank exams.  If anything is missed please comment below, we will add it.

1. LAF – Liquidity Adjustment Facility
2. BSBDA - Basic Savings Bank Deposit Account
3. RTGS - Real Time Gross Settlement
4. SLR-Statutory Liquidity Ratio
5. PPP – Public Private Partnership
6. FCNR(B) - Foreign Currency Non-Resident Bank
7. LCR- Liquidity Coverage Ratio
8. NEFT - National Electronic Funds Transfer
9. NBFC-Non Banking Finance Companies
10. MSF- Marginal Standing Facility
11. NSFR- Net Stable Funding Ratio
12. GAAR - General anti avoidance rule
13. FTA- Free trade agreement
14. LRMT- Liquidity risk monitoring tools
15. CBS- Core Banking Solution
16. FSLRC - Financial Sector Legislative Reforms Commission
17. FIPB – Foreign Investment Promotion board
18. DEAF- Depositor Education and Awareness Fund
19. CRAR- Capital to Risk-weighted Assets Ratio
20. FIPB – Foreign Investment Promotion board
21. FEMA- Foreign Exchange Management Act
22. EEFC - Exchange Earner's Foreign Currency
23. ECBs - External Commercial Borrowings
24. DTC – Direct Tax Code
25. CCEA – Cabinet Committee on Economic Affairs
26. CAR – Cash Adequacy Ratio
27. ALM- Asset Liability Management
28. FSLRC- Financial Sector Legislative Reforms Commission
29. SWIFT- Society for Worldwide Interbank Financial Telecommunication
30. CRAR- Capital to Risk-weighted Assets Ratio

Courtesy : http://www.currentaffairs4examz.com/
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Thursday, November 6, 2014

List of Banking Terms

RTGS - Real Time Gross Settlement NEFT :- National Electronic Fund Transfer PIN-- Personal Identification Number RBI- Reserve Bank of India CRR - Cash Reserve Ratio SLR - Statutory Liquidity Ratio FD- Fixed Deposit SHG - Self Help Group HUF - Hindu Undivided Family MIS- Management Information System SME- Small And Medium Enterprises KYC - Know Your Customer NSDL - National Securities Depositories Limited ICICI - Industrial Credit And Investment Corporation IDBI- Industrial Development Ban, #Banking Terms - Full Form and #Abbreviation of Banking Terminology- #Ibps Po exam- Mostly used terms in banking

List of banking terms- mostly used words in daily banking- full forms and abbreviations of banking terminology. Know more about banking








MICR- Magnetic Ink Character Recognition
RTGS - Real Time Gross Settlement
NEFT :- National Electronic Fund Transfer
PIN-- Personal Identification Number
RBI- Reserve Bank of India
CRR - Cash Reserve Ratio

SLR - Statutory Liquidity Ratio
FD- Fixed Deposit
SHG - Self Help Group
HUF - Hindu Undivided Family
MIS- Management Information System
SME- Small And Medium Enterprises
KYC - Know Your Customer
NSDL - National Securities Depositories Limited
ICICI - Industrial Credit And Investment Corporation
IDBI- Industrial Development Bank of India
GDP- Gross Domestic Product
GNP- Gross National Product
WPI- Whole Sale Price Index
KCC- Kisan Credit Card
NPA- Non Performing Assets
RD- Recurring Deposit
TDR- Term Deposit Rate
ATM- Automated Teller Machine
STR - Suspicious Transaction Report
CTR - Cash Transaction Report
VAt- Value Added Tax
SEBI- Securities and Exchange Board of India
NPS- New Pension Scheme
MBS- Mortgage Backed Securities
FBT- Fringe Benefit Tax
FDI - Foreign Direct Investment
VVR - Voucher Verification Report
CBS- Core Banking Solution

ALM- Assest Liability Management
PSB- Public Sector Bank
IPO- Initial Public Offering
CDS- Credit Default Stamp
PRAN- Permanent Retirement Account Number
POS- Point OF Sales
CRISIL - Credit Rating Information Services of India Limited
MCX- Multi Commodity Stock Exchange
IRDA- Insurance Regulatory and Development Authority of India
CASA- Current and Saving Account
EMI - Equated Monthly Installments
LIBOR - London Inter Bank Operation Rate
MIBOR- Mumbai Inter Bank Operation Rate
NABARD-  National Bank For Agriculture And Rural Development
CIBIL - Credit Information Bureau of India Limited
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Thursday, October 30, 2014

Punch lines of Commercial Banks in India

Punch lines of Commercial Banks in India:

* Hum Hai Na— ICICI

* Good People To Grow With — Indian Overseas Bank

* Pure banking nothing else, —State Bank OfIndia

* Tradition Of Trust—Allahabad Bank
* Trusted Family Bank— Dena Bank

* Good People To Bank With —Union Bank OfIndia

* World's Local Bank—HSBC

* We Understand Your World—HDFC

* Much More To Do With YOU In Focus—Andhra Bank

* A Friend You Can Bank Upon—Vijaya Bank

* Together We Prosper— Bank Of Rajasthan

* Your Perfect Banking Partner—Federal Bank

* Taking Banking Technology To The Common Man— Indian Bank

* Experience Our Expertise— Yes Bank

* Build A Better Life around Us—Central Bank Of India

* Serving To Empower—J & K Bank

* The Changing Face Of Prosperity —Lakshami Vilas Bank

* Where Every Individual Is Committed —Oriental Bank Of Commerce

* Aao Soche Bada—IDBI

* A Faithful & Friendly Financial Partner— Syndicate Bank

* Relationships Beyond Banking— Bank Of India

* Honours Your Trust—Uco Bank

* Smart Way To Bank—Karur Vaisya Bank

* A Passion To Perform—Deutche Bank

* Experience Next Generation Banking—South Indian Bank

* The Name You Can Bank Upon—Punjab National Bank
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Saturday, October 25, 2014

Marketing Concepts



In these days SSC concentrating on Marketing and Banking awareness questions in GA section. You must have some knoledge in Marketing and banking terms.

To know more click below

Marketing Concepts
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Monday, October 20, 2014

Important Committees related to Banking and Finance

Important Committees related to Banking and Finance


1. Abid Hussain Committee : On Small Scale Industries
2. A C Shah Committee : Reforms Relating To Non Banking Financial Companies (NFBC)
3. Aditya Puri Committee : Dissemination of Credit Information
4. Anil Kaushal committee : To examine the recommendations made by the TRAI on pricing of Spectrum.
5. Arvind Mayaram Panel : Report on the alleged irregularities at the National Spot Exchange Ltd (NSEL)
6. Arvind Mayaram Committee : For giving clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII)
7. Athreya Committee : Restructuring Of IDBI
8. Basel Committee : Banking Supervision
9. Bimal Jalan panel : To scrutinize applications for new bank licenses.
10. Bhandari Committee : Reconstruction of RRBs


11. B. Mahapatra Committee : To review the existing prudential guidelines on restructuring of advances by banks/financial institutions
12. Cook Committee : Capital adequacy of banks.
13. C Rangarajan committee : For poverty scale estimates in the country
14. C Rangarajan Panel : Recommended the pricing of natural gas by a complex methodology of arriving at an average of International gas hub prices
15. Committee On Uttarakhand Floods : The committee headed by AK Ganju
16. Damodran Committee : On improvement of customer services in banks
17. Dave Committee (2000) : Pension Scheme For Unorganized Sector
18. Deepak Parekh committee : For Financing Infrastructure sector
19. Janakiraman Committee : To investigate the security transactions of the bank
20. JS Mathur committee : To revise Newspaper Advertisement Rates.

21. Justice A.P. Shah committee : To head panel on road safety
22. Kelkar Committee : Tax Structure Reforms
23. Kirit Parikh panel : On fuel pricing has suggested that the diesel prices should be increased by Rs 1-1.50 a litre every month as against the 45-50 paise monthly hike followed currently.
24. K M Chandrasekhar committee : For rationalization of foreign investment norms
25. K. Ratna Prabha : Committee on indecent depiction of women in media
26. K U.B. Rao : The idea of setting up Bullion Bank or Bullion Corporation of India
27. K.U.B. Rao Committee : Recommended aligning gold import regulations
28. MBN Rao Committee : To prepare the blueprint of India’s first women’s bank
29. MB Shah committee : For inspection of illegal mining activities
30. Mckinsey Report : Merger Of 7 Associate Banks With SBI

31. M. Narasimham Committee : On Banking Sector Reforms
32. Mukul Mudgal member panel : To probe IPL spot-fixing
33. Mukul Mudgal Committee : To look at process of film clearance
34. Mukul Mudgal Committee : Looking into US giant Walmart’s lobbying activities to enter India
35. Nachiket Mor : Committee on comprehensive financial services for small businesses and low-income households.
36. Naresh Chandra committee : 14 member task force on security issues
37. Narismhan Committee : Banking Reforms
38. N Rangachary committee : To examine taxation policies for I.T. sector
39. N R Narayana Murthy committee : For evaluation of corporate sector participation in Higher Education.
40. Parthasarathi Shome. : For Tax Administration Reform Commission (TARC), Suggest a system to enforce better tax compliance

41. Parthasarathi Shome committee : Implementation of GAAR (General Anti Avoidance Rule)
42. Percy Mistry Committee : Making Mumbai An International Financial Center
43. Prasad Panel : International Trade And Services
44. Pulak Kumar Sinha Committee : To study the feasibility of Aadhaar as an additional factor for authentication of card present transactions
45. Raghuram Rajan Committee : On Financial Sector Reforms
46. R V Gupta Committee : Small Savings
47. Raja Chelliah Committee : Tax Reforms
48. Rekhi Committee : Indirect Taxes
49. RS Gujral Committee : Suggest measures to boost MSME exports.
50. Sitakant Mahapatra committee : For inclusion of Bhojpuri language in eighth schedule of constitution

51. Shyamala Gopinath Committee : Suggestions on Post office Small saving schemes
52. SK Srivastava Committee : To formulate a policy on public-private partnership model to raise coal output
53. S P Talwar Committee : Restructuring Of Weak Public Sector Bank
54. SN Verma Committee (1999) : Restructuring The Commercial Banks
55. Suma Verma Committee : To update, and revise the Banking Ombudsman Scheme, 2006
56. UK Sharma Committee : NABARD’s Role In RRB
57. Urjit Patel Committee : To examine the current monetary policy framework
58. Vaghul Committee : Money Market In India
59. Vasudev Committee : NBFC (Non Banking Finance Corp) Sector Reforms
60. Y B Reddy Committee (2001) : Review Of Income Tax
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