Important Banking Terms for Interview And Exams

 Dear Readers, we are presenting important Banking Terms for Bank and insurance Interviews and for upcoming Exams

Try to understand these Banking terms, it will help you in upcoming Interviews and exams

Banking Ebook- Reference Book for Banking Knowledge

Dear Readers,We are providing complete banking notes, all your need for any Bank and Insurance Exams.

These notes cover all topics that you want to know for Banking Exams and Interview.

Jio Payments Bank begins its operations

Jio Payments Bank commenced its banking services on 3rd April 2018.

SEBI- Securities and Exchange Board of India

Securities and Exchange Board of India (SEBI) was established by Government of India through an executive resolution in the year 1988. SEBI was subsequently upgraded as a fully autonomous body in 1992 with the passing of the Securities and Exchange Board of India Act (SEBI Act) on 30th January 1992. In the year 1995, the SEBI was given additional statutory power by the Government of India through an amendment to the securities and Exchange Board of India Act 1992.
1. The headquarter of SEBI is located in the business district of Bandra-Kurla complex in Mumbai.
2. The Chairman of SEBI – Upendra Kumar Sinha (UK Sinha)
3. The Whole Time Member of SEBI- Prashant Saran

Banking Notes- NABARD

National Bank for Agriculture and Rural Development

Headquarters in Mumbai
Headquarters	Mumbai, Maharashtra, India
Established	12 July 1982
Chairman	Dr. Harsh Kumar Bhanwala
Currency	(Rupees)
Reserves	Rs.81,220 crore (2007)
Website	www.nabard.org
NABARD is the apex development bank in India

Banking Notes- MONEY and Its Types

Money is a thing that is usually accepted as payment for goods and services as well as for the repayment of debts.

                        

RTGS

Q1. What is RTGS System?

Ans. The acronym 'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). 'Real Time' means the processing of instructions at the time they are received rather than at some later time; 'Gross Settlement' means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). Considering that the funds settlement takes place in the books of the Reserve Bank of India, the payments are final and irrevocable.

One Liners of Banking Awareness Part-I

  One Liners of Banking Awareness Part-I

RBI is the Central bank of India
o    RBI was setup on the recommendations of Royal Commission on Indian Currency and Finance also known as the Hilton- Young Commission.
o    RBI has 4 regional offices at Mumbai, Kolkatta, Chennai and Delhi.

Banking Ombudsman, 2006

1. What is the Banking Ombudsman Scheme?
The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from
1995.

2. Who is a Banking Ombudsman?
The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services.

RuPay Card

BANKING ABBREVIATIONS

Dear Readers, we are providing important Banking Abbreviations for upcoming Bank and other exams.

1. PIN: Personal Identification Number
2. CCEA – Cabinet Committee on Economic Affairs
3. GIRO - Government Internal Revenue Order
4. PPP – Public Private Partnership & Purchasing Power parity

One Liners of Banking Awareness Part-II

o    The first banknote issued by independent India wa the one rupee note issued in 1949
o    KYS is an acronym for Know Your Customer a term used for customer identification process.
o    KYC has two components- Identity and address
o    Commercial Paper(CP) is an unsecured money market instrument issued in the form of a promissory note
o    Commercial Paper(CP) was introduced in India in 1990.

Banking Terms

 Dear Readers, we are presenting important Banking Terms for Bank and insurance Interviews and for upcoming Exams

Try to understand these Banking terms, it will help you in upcoming Interviews and exams

Banking Notes- Budget and its types

Budget- Budget is the estimation of income and expenditure.
Budget is prepared for proper and systematic development.

Budget represent in 3 ways-
1. Income> expenditure= surplus
2. Income= expenditure= balance budget
3. Income< expenditure = deficit budget
Note- India's budget is always deficit because India is a developing country.

Banking Notes- Reserve Bank Of India

Dear Redaers, we are presenting Banking Notes- Reserve Bank Of India. It will help you in Banking section of exams.

Establishment

The Reserve Bank of India was established on April 1, 1935 in accordance with the
 provisions of the Reserve Bank of India Act, 1934.

The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated.

Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.

NEFT

Q.1. What is NEFT?

Ans: National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme,  individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the Scheme.

Q.2. Are all bank branches in the country part of the NEFT funds transfer network?

Ans: For being part of the NEFT funds transfer network, a bank branch has to be NEFT- enabled. The list of bank-wise branches which are participating in NEFT is provided in the website of Reserve Bank of India

 

Inflation

Inflation-Inflation is a persistent increase in the general price level of goods and services in
an economy over a period of time
In India for inflation measurement Base year is 2004-05.

Types of Inflation-

1. Demand pull inflation
2. Cost push Inflation
3. wages Inflation
4. Imported Inflation

Types of Bank

1. Para banking- When Bank provide banking services except the general banking facility.

2. Narrow Banking- When banks invest its money in government securities instead investing in market to avoid risk.

3. Overseas Banking- Banks having branches in other countries besides its origin country. Example Bank of Baroda  has maximum foreign branches by any indian bank

Banking Awareness Questions Collection updated Version

Dear Readers, we are providing updated version of banking awareness questions collection. New PDF contains around 150 questions while previous one has 80 questions.

Banking Notes- BASEL III

Basel III (or the Third Basel Accord) is a global, voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity risk. It was agreed upon by the members of the Basel Committee on Banking Supervision in 2010–11, and was scheduled to be introduced from 2013 until 2015; however, changes from 1st April 2013 extended implementation until 31 March 2018. The third installment of the Basel Accords (see Basel I, Basel II) was developed in response to the deficiencies in financial regulation revealed by the late-2000s financial crisis. Basel III was supposed to strengthen bank capital requirements by increasing bank liquidity and decreasing bank leverage.

Key principles of BASEL III :

Capital requirements:
The original Basel III rule from 2010 was supposed to require banks to hold 4.5% of common equity (up from 2% in Basel II) and 6% of Tier I capital (up from 4% in Basel II) of "risk-weighted assets" (RWA).[3] Basel III introduced "additional capital buffers", (i) a "mandatory capital conservation buffer" of 2.5% and (ii) a "discretionary  counter-cyclical buffer", which would allow national regulators to require up to another 2.5% of capital during periods of high credit growth.