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 

 

 

Download Information Regarding SSC and Banking

Notes

• GS - CENSUS 2011 And SECC
• GS - Geography Study Material
• GS - POLITY Study Material
• GS - Economics Basic Study Notes
• GS - BIOLOGY Basic Study Notes
• GS - General Knowledge About India
• GS - Economy For TIER-I Exam
• GS - Rivers Sides Cities For SSC CGL
• History - Ancient India
• History - Medieval India
• History - Modern india

Question Papers

• Symbols and Notations Test Paper
• logical venn diagram Test Paper
• coding decoding Test Paper
• Inserting the missing characters Test Paper
• Logical Sequence of Words Test Paper
• GS-Question Bank
• Banking Reasoning - Assertion and Reason
• Banking Reasoning - Verification of Truth of the Statement
• Maths - NUMERICAL ABILITY SPEED TEST

Previous Year Question Paper

• Intelligence Bureau - Last Year Paper - 2013
• SSC_CGL 19-06-2011

Important

• IBPS Exam Calendar 2015, Two Tier Examination for PO & Clerk -V

Current Affairs

• Current Affairs Quiz - July 2014
• Current Affairs Quiz - Aug 2014
• Current Affairs Quiz - SEPT 2014
• Current Affairs Quiz - Oct 2014
• Current Affairs Quiz - November 2014
• Current Affairs Quiz - December 2014
• Current Affairs Quiz - January 2015

Question Papers: Railway(RRC) Group D Exam 16 November 2014

Friends.. Here are the question papers of South Central Railway, Railway Recruitment Cell, Group D Exam held on 16.11.2014. This question paperwill be a useful reference for those having exam on 23 and 30 November 2014. These question paper has been shared by our friend Kiran Kumar. You can download the question papers as PDF from the below link.

Question Paper-1: Click Here

Question Paper-2: Click Here

Apply Smart tactics to master Numerical Aptitude

Apply Smart tactics to master Numerical Aptitude (inSSC CGL and IBPS PO Bank exams)

SSC CGL and bank exams have been creating a buzz among today’s youngsters. These exams have influenced lakhs of students across the country to attempt and achieve success. Students and even employees, see this as a bright opportunity to enter the government sector, in which the entrance exams are very difficult compared to SSC CGL.   

According to the candidates who’ve attempted the exam, the challenges they faced are less time available and standard cut-off marks in all the sections. Numerical Aptitude being the toughest sections is allotted with maximum marks. The reason for it to be tough is intricate calculations and tricky questions. But, it is called only tough, but not impossible. So, here are a few tactics, tricks, logics to clear this section confidently and quickly.

Solving a Numerical aptitude question involves the following steps:

1. Clarity in understanding the question: All the questions fall under the scope of definite categories like time and distance, time and work, ratios and mixtures, series etc. Read the question clearly to decide the category it belongs to.
2. Identifying the right logic/formula: Each category has certain sub categories. For example, consider a question that belongs to ‘profit and loss’ category, the sub-categories would be loss percent, profit percent, selling price, buying price etc.
3. Quick application & calculations: Every question is based on a concept/logic; apply the logic to solve the problem.

Target time to complete the above steps is less than a minute per question, which can be achieved only through thorough practice. So, allocate sufficient time practicing questions of all categories and their sub-categories.

Use ‘Smart tips’ to crack the Numerical Aptitude with ease:

• Check the options first in questions related to arithmetic operations. If they are not closely connected, round-off the figures in the question and solve. The result is less accurate, but easier to calculate. Do not use this technique if the options are very near to each other in value.
• Substitution of options is one of the effective tactics to solve certain problems. Especially for profit and loss problems.
• Keep noting the information as read the question. It provides required numbers handy while solving different problems.
• Underline the important points in the question. It helps in quick references.
• Use shortcuts for calculations. Sufficient practice in shortcuts will save good amount of your time.
• Use Vedic mathematic tricks to calculate complex arithmetic, for instance 3-digit multiplications
• Highlight with a tick mark the questions you save for solving later. It helps track unsolved questions during last minute revision.
• Manage the space for rough work cautiously. Highlight the rough work related to doubtful questions for referring later.

All the above tricks would work wonders for you with sufficient practice. Because it is practice that brings Perfection and Progression!!

Five Success Mantras for Cracking the Competitive Exam

Five Success Mantras for Cracking the Competitive Exam

Indian PSU banks provide an excellent opportunity for graduates. More than 7.5 lac freshers will be recruited by Indian PSU banks over the next 5 years. While the jobs are aplenty, the competition for these jobs is equally high.

But preparation for the exam is key. Success rate is only 1.5% - what this means is less than 2 out of 100 aspirants that take the bank exam actually get a job. Banks select freshers for their aptitude and train them in banking enabling them to move up the value chain. Hence, cracking the aptitude test is the first major hurdle for the aspirants.

Selection Process for Bank Exam

Only 5 – 10% make it through the Elimination round of the Aptitude Test. Hence it is critical to prepare and make sure you cross this first hurdle successfully.

Five success mantras for cracking this examination.

1. Take Stock: Knowing where you stand on your Ability to Cract the Aptitude Test
2. Know the Game: Know the examination process and procedure
3. Get Trained: Get help - Professional Coaching
4. Practice, Practice and more practice
5. Just do it

1. Take Stock: Knowing where you stand:

This area is normally and easily overlooked by aspirants. Bank exams test only basic Aptitude, and hence it is easy to ignore the need for development and falling on the trap ‘I know all these things’.

Yes, the fact is that the exam covers basic arithmetic and aptitude. However, what gets overlooked is the need for speed coupled with Accuracy. In a typical examination, there is a major time pressure. One has to answer 250 questions in 150 minutes – a mere 36 seconds for each question.

Hence, knowing how to solve a problem does not suffice, knowing how quickly you can do the same correctly is the key. Hence, taking stock of where you stand with respect to speed and accuracy on various topics that gets covered in this exam is a must.

The best way to know where you are is to take mock tests and get to know where you stand in terms of the marks scored by you, time taken and compare your marks with the cut off marks and marks scored by other aspirants.

2. Know the Game: Know the examination

The next step is understand the examination. While the knowledge required for most aptitude tests are the same, the strategy to handle the examination will differ significantly depending on the exam itself.

For eg. the Common Written Examination (CWE) conducted by IBPS, looks for one to be well rounded across multiple areas. Hence, there are individual cut offs for each section. If one is strong in say English & have the ability to score very high, it will help his cause in selection. However, as a pre requisite one has to cross the cut of mark in each of the 5 sections. Thus, if one scores very high on English and very low in say GK, he / she will not qualify in spite of the total marks being better than the average cut offs. This needs to be understood and there are many other things. Some of the key areas are:

1. Qualifying marks in each section
2. Negative marks
3. Questions with differing difficulties & strategy for handling
4. Time management in line with the above pattern

Taking guidance on each of the exam and its uniqueness will go a long way in creating a suitable strategy for one in attacking this examination.

3. Professional Coaching

Another frequently raised question among aspirants is that ‘is there a need for professional coaching for bank exam?’

This arises generally from the fact that as confident individuals we tend to believe that we are ready for the challenge and we can crack any examination as we know most of the concepts. This confidence is absolutely necessary. However, confidence alone is not sufficient.

We need to understand the fact that a person who has an above average aptitude levels has a fair chance to crack the exam irrespective of coaching. However, if professional coaching helps him to get 10-20 additional marks, this can make a huge difference – because the competition is very high and every additional mark is a value.

Yes, many people believe that what is covered in the bank exam coaching were taught in school. But the fact is, most of us tend to forget what was taught in school and a refresher is a must for one to be ready for facing the competition with time deadlines.

In addition to preparation, the benefit of professional coaching includes ability to create a strategy for the examination, understand what other aspirants are doing and also get more focussed attention on exam specific development which will come handy in the GK section of the examination.

4. Practice, Practice and more practice

Practice makes a man perfect it is said and this is definitely not without reason. More the time spent in practicing, better is the efficiency in the examination. Take Sachin for example, he has made it a habit of practicing and more he practices, more efficient he becomes at the crease. Higher the efforts prior to the examination, better is the efficiency during the examination.

Hence, a serious contender who is keen to land a job in banking needs to put in hours and hours of hard work, which has the ability of providing rewards in multiples.

The practice must be well directed. A misdirected practice has the danger of de railing your preparation. If the Australian team spends hours and hours of practice for playing a short pitch ball for a tour to India – is it going to be of any value? Similarly, for any examination, practice has to be focused and in line with the requirements.

A professional guidance in understanding the areas which require practice will go a long way in making one better equipped to crack the bank examination

5. Just do it

Like in most things in life, success comes to those who enjoy what they are doing. Yes, Bank exam preparation can be an arduous task. However, one has to enjoy going through the preparation. Those who enjoy this hard work will relish the same in the future. So put in your hard work with your own heart and see how the whole world works towards making your dream come true.

Summary:

You can do it. What you need is the right approach coupled with good strategies for reaching your destiny. I am happy to sign off with this, having had my first communication with a future banker. Have a great time.