desiexamfundas: July 2016

Thursday, 28 July 2016

GDP GROWTH OF INDIA 2016 to 2017

UN - 7.3 %
Stanchart-7.4%

IMF -7.5% trimmed to 7.4%
OECD -7.5%
MOODY'- 7.5%

RBI - 7.6%
WB - 7.6%
CSO - 7.6%

FITCH - 7.7%
FICCI - 7.7%
ICRA - 7.7%

ADB - 7.8% trimmed to 7.4%
Nomura - 7.8%
DBS - 7.8%

CRISIL - 7.9%
PHD Chambers - 8%
CII - 8%

Small Saving Schemes Interest Rates

Wednesday, 27 July 2016

India and NSG

Author:Mr Monkey

India has come a long way from Smiling Buddha, the first Nuclear Test in 1974 to today, bidding for membership of Nuclear Suppliers Group, which was incidentally formed as an answer to boldness shown by India in 1974..

NSG, which stands for Nuclear Suppliers Group, formed in 1974, is a body of 48 nations established to prevent the civil nuclear trade from being used for military purposes. The body seeks to prevent nuclear proliferation by controlling export of materials, equipment, technology that can be used to manufacture nuclear weapons.

As India is looking to become a power surplus nation in coming years, a membership of NSG will help India fulfill her needs of technology, equipment and resources for Nuclear Power generation. With an access to advanced technologies India can start building advanced versions of its own reactor and also start selling to power deficit nations like Sri Lanka and Bangladesh. India, however, has got the NSG waiver in 2008, by which India can buy power plants from other signatories of the NSG but there still are many advanced technologies that NSG denies. The other big benefit that India can get from this membership is manufacturing of reactors for other countries which can give a big boost to the government's flagship programme of "Make In India"..

The recent NSG meet in Seoul rejected India's bid on the grounds that India is not a signatory of the Non-Proliferation Treaty. China is yet another roadblock, considering that it wants its dominance on the Central Asian and South Asian Region. India's reluctance of signing the NPT is totally justified as its nuclear technology is still in adolescent stage and signing it would mean that India should stop its advancement in the nuclear sector. Also, despite not being a signatory of the NPT, India has strictly adhered to the guidelines of NPT.

This is worth noting here, that France which is now an NSG member was also not a signatory of NPT at the time it got its NSG membership. Also, China, being a member of NSG, secretly gave away nuclear technology to Pakistan..

It is high time that NSG recognized the rising global powers. Non-proliferation is what NSG wants and it is in big interest of NSG that it grants India its membership.

Scope of Sustainable Structuring of Stressed Assets (S4A) in India

Author:AIM Ibps...po:))

In order to further strengthen the lenders’ ability to deal with stressed assets and to put real assets back on track by providing an avenue for reworking the financial structure of entities facing genuine difficulties, the Reserve Bank of India has 13 July issued guidelines on a ‘Scheme for Sustainable Structuring of Stressed Assets’.
Resolution of large borrowal accounts which are facing severe financial difficulties may, inter-alia, require co-ordinated deep financial restructuring which often involves a substantial write-down of debt and/or making large provisions. Often such high write-downs act as a disincentive to lenders to effect a sustainable change in the liability structure of borrows facing stress. Banks have also represented for a regulatory framework which would facilitate lenders taking up the exercise of reworking of the liability structure of companies to which they have significant exposures, in the context of asset quality stress currently faced by them.
Accordingly, the Reserve Bank, after due consultation with lenders, has formulated the ‘Scheme for Sustainable Structuring of Stressed Assets’ (S4A) as an optional framework for the resolution of large stressed accounts. The S4A envisages determination of the sustainable debt level for a stressed borrower, and bifurcation of the outstanding debt into sustainable debt and equity/quasi-equity instruments which are expected to provide upside to the lenders when the borrower turns around.

In order to make sure that that the entire exercise is carried out in a transparent and prudent manner, S4A envisages that the resolution plan will be prepared by credible professional agencies, while an Overseeing Committee, set up by the Indian Banks Association, in consultation with the RBI, comprising of eminent experts will independently review the processes involved in preparation of the resolution plan, under the S4A, for reasonableness and adherence to the provisions of these guidelines, and opine on it.

IBPS South India preference list

States Include: Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Kerala
1. Andhra Bank,
2. Indian Bank,
3. Vijaya Bank,
4. Indian Overseas Bank,
5. Canara Bank,
6. Corporation Bank,
7. Syndicate Bank

IBPS preference list for West and Central India

States Include: Rajasthan, Maharashtra, Gujarat, MP, Chhattisgarh, Goa
1. Bank of Baroda,
2. IDBI Bank,
3. Dena Bank,
4. Bank of Maharashtra,
5. Canara Bank,
6. Indian Overseas Bank,
7. Corporation Bank

IBPS preference list for eastern states

Eastern States Include: Odisha, West Bengal, Bihar, Jharkhand
1. Allahabad Bank,
2. Bank of India,
3. Bank of Baroda,
4. UCO Bank,
5. United Bank of India,
6. Canara Bank,
7. Union Bank,

IBPS prefernce list for ‎North_India 2016

States Include: Delhi, Punjab, UP, UK, J&K, HP, Haryana
1. Punjab National Bank,
~~2. Bhartiya Mahila Bank,~~
3. Bank of Baroda,
4. Oriental Bank of Commerce,
5. Allahabad Bank,
6. IDBI Bank,
7. Punjab & Sind Bank,
8. Canara Bank,

Saudas of the Century

1)Verizon -- Yahoo ...$4.8 billion

2)Microsoft- LinkedIn...$26.2 billion

3)Flipkart + Myntra& jabong....$70 million

Tuesday, 26 July 2016

Exam Pundit's Descriptive Chest

https://drive.google.com/folderview?id=0B-Pz8BE3xA5ybFlzSEpFdDRYWXc&usp=sharing

Contest2:The bane of NPA's in the country

Author:

According to a RBI report the gross Non Performing Assets of the Public Sector Banks are just

under 4 Lakh Crores. Punjab National Bank at the end of the last financial year posted worst

loss in their & Bank's history, which was majorly contributed by NPAs . NPAs are crippling

banks activities which is becoming detrimental to India's growth.

There are many reasons for this increase in NPAs. The major reason is the aggressive lending by

the bank during boom period without proper background checks. Now the major part of the NPA is

contributed by Industries and Corporate. After the financial crisis the profits of these firms

dwindled which resulted in their defaulting on loans. There are other reasons like delay in

environmental clearance, volatility in the price of raw material , cancellation of projects and

willful defaulting all contributed to the rising menace of NPAs.

Government and RBI have taken several steps to address this issue. Mission Indradhanush was

introduced by the government to bring clarity and to make banks more professional. RBI introduced

CDR or Corporate Debt Restructuring. Then ARC or Asset Reconstructing Companies was also launched. This mainly works by taking away the NPAs of the banks and try to get the money back by selling assets. Joint Lenders Forum was also established by the RBI. SDR or Strategic Debt Restructuring was also introduced where banks become part owner of the company. Other measures that banks can take are proper credit management systems and analyse beforehand the asset most likely to become NPA.

Banks needs to work freely without the pressure of NPA. It's is high time we wake up and try to solve

this menace. We are still a developing country and banks are required to work to their full potential

for our economy to grow in this tough global financial environment.

Sunday, 24 July 2016

RBI Rates & Repos as on 25/7/2016

Policy Repo Rate: 6.50%
Reverse Repo Rate: 6.0%
Marginal Standing Facility Rate: 7.0%
Bank Rate: 7.0%
CRR : 4%
SLR : 21.00%

Over dependence on Monsoon

Author:@nirmalindian47

Indian economy is an agrarian economy. In India, though the contribution of agriculture towards GDP is only around 18 percent, more than 50 percent of the work forces are still undertaking agriculture as their mainstream activity. In this scenario, over dependence on monsoon for agriculture is a thing to be noted seriously.

In India, there are two types of monsoon namely south west and north east monsoon and predominantly south west monsoon plays a crucial role in providing enough water resources. The monsoon lasts for a maximum of four months from June to September and covers almost entire India except Andhrapradesh and Tamilnadu. Important thing to be noted is in recent years the country is facing serious drought crisis and this is the effect of over dependence on monsoon. Once the monsoon fails, almost entire India suffers a drought condition. This leads to various economical and social setbacks for India. The entire agricultural activities are hampered, and people who depend on agriculture for their income suffer a lot. Another thing is, our dependence on imports for food items are getting increased.

At this juncture, it is imperative to provide an alternative to reduce the intensity of water crisis. This can be done by interlinking of rivers. Though it is an herculean task, the result is fruitful. With this, we will able to provide proper irrigation facilities all over India. Another indirect benefit of interlinking rivers is that ,occurrence of flood can be reduced drastically.

Once proper irrigation facilities are provided, agriculture can be made as a continuous activity from the present condition as a seasonal activity. With this ,seasonal unemployment can be further reduced . We can increase our GDP and can reduce our imports of food items. Socially, status of farmers will be improved as it will increase their income.

Thus by reducing the over dependence on monsoon, our nation can reap various economic benefits and can improve the status of our farmers.

Contest 1-Women empowerment

Author:*name couldn't be found

Women Empowerment means giving the power or freedom to women to take their own decisions. It enables a greater degree of self-confidence among women. Nearly after 70 years of Independence,Indian women has come a long way in all sectors, but was not

able to come out of the male chauvinistic attitude of the society. Various reformers right from

pre-independence era worked towards empowerment of women. Abolition of Sati and child marriage,

promotion of widow remarriage were some of the reforms attributed to the freedom fighters.

In present scenario, though the position of women did improve, when compared on a global level

we are far behind. Government has taken many initiatives to promote welfare of girl child and

for adequate representation of women in all sectors of economy. Of these, recent ones like Beti

Bachao Beti Padhao, Sukanya Samridhi yojana , etc, launched for the welfare of girl child.Increase

in reservation of women in local representation, Stringent safety norms for women at work place ,

Nirbhaya law are few examples of government initiatives for better representation and safety of women .

Though, government has taken many initiatives in women development, there are many loopholes in their implementation . And most importantly, the real change should come from the grass roots of society. There should be transition from patriarchal domination to gender parity, only then we could achieve real empowerment.

Gk Tricks By Ayesha Hasan

https://drive.google.com/file/d/0B3kZJ-wiZLvtWXBjNU12UERDVXc/view

Contest1:Payment banks for total financial Inclusion

Author:Deepika Kothandaraman

Based on the recommendations of the committee headed by Mr. Nachiket Mor , the Reserve bank of

India released the guidelines for the setting up of payment banks.These banks can perform only

limited functions unlike the normal banks.The payment banks cannot involve in lending activities.

But these banks can facilitate the Government's mission to improve financial literacy and achieve

total financial inclusion.

The payment banks are expected to target labourers , low income households and small businesses and offer services at low transaction costs.It helps in connectivity in rural areas which couldn't be

accessed easily.These banks rely on technology to reach their customers and day to day payments can be done remotely. The use of high end technology will increase the scope of their business operations.

Further these banks are authorised by the RBI to sell other financial products like general insurance,life insurance and mutual funds.This helps in improving the insurance penetration in rural areas.The main advantage is the banking and transaction costs will come down due to the competition driven by these payment banks.

Moreover the arrival of payment banks will transform social welfare and subsidy schemes like LPG,

kerosene end fertilizer can be routed through payment banks which will enable direct payments to

the poor and eliminate fake recipients.After India’s previous experiments with different efforts

to improve financial inclusion, payments banks offer one promising way towards better financial access.

Best essay Contest 1

"Women Empowerment"

Author:

Women empowerment simply means that they should be treated as men in social and political

life.Since the very beginning of civilization women were considered to be physically weaker than men who needed to be protected.They were also subjected to various injustice and discrimination.

After independence government tried many ways to expedite women empowerment. First was Hindu

Marriage Act, 1955 which emphasized on status of women after marriage. This act supported women to stand against any secondary treatments from her in-laws and freed her from the confines of her home to step out and stand on her own. This act was followed by Dowry Act ,1961. In our constitution under Article 14,15&16 women has been protected by securing their fundamental rights. Meanwhile government established one new autonomous body for women as National Women Commission,which ensures the rights of women and when needed become their voice of justice. Also central and state government are coming with new laws and schemes to empower women such as Beti Bachao Beti Padhao, Sukanya Samridhi Yojana, Nirbhaya law etc which is a good thing and should be applauded. But still action needed to be taken on large scales and should be effective. Because if we look at the constitution, India has prohibited domestic violence against women, dowry, forced prostitution and labour and many more things but still women are struggling with above said problems.

We are the nation where goddesses are worshiped and brave queens idolised. Our history is

shining with names of great women like Raani Padmini,Razia Sultan , Raani Lakshmi Bai and many more which shows that we have accepted them as a ruler, as a leader. What we need to do is just remember the glories of women as a power, enjoy their leadership as the Himalaya and uproot the orthodox thinking which is sinking our ship by which we want to sail to the well developed nation.

Essay Contest 2

Considering the encouraging response of the previous essay contest here is the Part 2 of the contest.
Last day: 25/7/2016 (Midnight)

1)The bane of NPA's in the country

2)Mergers and Indian Banks

3) Benefits of Yoga

4)Future of Banking Industry

5)write a letter to the Branch Manager seeking overdraft facility

P.S: The best essays of the previous contest will be published tonight(i.e on 24/7/2016)

Saturday, 23 July 2016

100 Golden Rules of English

http://www.mediafire.com/download/1h8gx6a21zho1a8/100_GOLDEN_RULES_OF_ENGLISH-_A_MASTER_GUIDE_USED_BY_MANY_THESE_DAYS.pdf

Banking awareness by Disha Experts

http://www.mediafire.com/download/4hdi13n7tb0uo3u/Banking_Awareness_for_SBI_%26_IBP_-_Disha_Experts.pdf

Friday, 22 July 2016

Write an essay on anyone of the following topics

Write anyone of the following essay in under 250 to 300 words.Please donot use Ctrl+C n Ctrl+V option.Best ones will be published on this platform

1)Women Empowerment

2) Payment banks For Financial Inclusion

3)Start Up India Stand Up India

DI

https://drive.google.com/open?id=0By3S-0oN8-tMMGhEX1M4d3pJSFU

https://drive.google.com/open?id=0B4WhXJPrTQ2TdlpBNnlZLU0tS00

About CBS

CBS is an acronym of Core Banking Solutions.Core banking solutions is a jargon used in banking circles. The advancement in technology, especially Internet and information technology has led to new ways of doing business in banking. These technologies have reduced manual work in banks and increasing efficiency. The platform where communication technology and information technology are merged to suit core needs of banking is known as core banking solutions. Here, computer software is developed to perform core operations of banking like recording of transactions, passbook maintenance, interest calculations on loans and deposits, customer records, balance of payments and withdrawal. This software is installed at different branches of bank and then interconnected by means of computer networks based on telephones, satellite and the internet.

CBS enables Customers to operate their accounts, and avail banking services from any branch

of the Bank on CBS network, regardless of where he maintains his account. The customer is no more the customer of a Branch. He becomes the Bank’s Customer. CBS is a step towards enhancing customer convenience through Anywhere and Anytime Banking.

Some of the services offered by CBS enabled branch located anywhere in the world are:

To make enquiries about the balance; debit or credit entries in the account.

To obtain cash payment out of his account by tendering a cheque.

To deposit a cheque for credit into his account.

To deposit cash into the account.

To deposit cheques / cash into account of some other person who has account in a CBS branch.

To get statement of account.

To obtain Demand Drafts or Banker’s Cheques from any branch on CBS – amount shall be online debited to his account.

Thus A CBS branch is like a Sales & Service Delivery Center where back office processes are handled through technology at some other site, called Data Center. As a result Branch, therefore, has more time for serving customers. This improves the quality and efficiency of the services rendered and the customer is directly benefited by way of satisfying and happy banking experience.

Thursday, 21 July 2016

India shuttlers Selected for Rio Olympics

1)Saina Nehwal,

2)PV Sindhu,

3)K. Srikanth,

4)Jwala Gutta,

5)Ashwini Ponnappa,

6)Manu Attri and

7)Sumeeth Reddy.

Brexit and its Impact on India

June 23rd,2016 , a momentous day for Britain , as the United Kingdom has voted by a close margin to leave the European Union .The news immediately sent shock waves around the globe and left the financial markets tumbling .While some spoke of the shock of the decision, others were not surprised, talking instead about how it marked a defeat for the European Union,once described as “complete” .Many described the outcome of the results as an “welcome catastrophe” as Brexit now offers a unique opportunity for Britain to make their own decisions,frame their own rules and have their own say in matters related to their nation.It is regarded as the new "Independence Day" by the people who voted to leave the EU .However the reaction in the financial markets to Britain’s vote to leave the European Union was rather less euphoric as the pound plunged against the dollar by over 10% ,to a 30-year low.

The effect of this referendum will have consequential impact on economy all over the world including on India.India is one of the top investors in the UK .India invests more in the UK than in the rest of Europe combined..Also UK is the third largest source of foreign direct investment in India and India’s largest G20 investor.Hence the result of this referendum will have a notable impact on India.

Some of the negative effects on India are as follows:

1)There may be foreign fund outflow and dollar rise as a result Rupee may depreciate because of the

double effect of foreign fund outflow and dollar rise.

2)Falling value of the pound could render several existing contracts loss making.

3)Many Indian companies are listed on the London Stock Exchange and many have European headquarters in London. Brexit will take away this advantage.

4)Due to fall in value of Pound sterling, Indian exports to UK will suffer. Cheaper rupee will make Indian exports, including IT and ITeS, competitive. Indian import companies operating in UK may also report loss.

Postive Effects on India:

1)With lower pound value, Indian companies may be able to acquire many hi-tech assets.

2)Brexit might give a boost to trade ties between India and the UK as Britain will now be free

to discuss a bilateral trade pact with India.

3)More Indian tourists can afford to visit Britain in coming days as the currency value has fallen.Also more . Indian students can now afford to study in Britain (for higher education)

4) Britain will need a steady inflow of talented skilled worker, and India fits the bill perfectly

due to its English-speaking population.

Thus, there may be short-term pains for India because of Brexit but the net effect can turn out to be positive for India as the Indian markets would be relatively stable in comparison to other markets .But it is almost impossible to predict the effect of this referendum and only time will tell the true impact of this decision.

Wednesday, 20 July 2016

ESSAY 2016

https://drive.google.com/open?id=0B_n7PkSairvpdm9nX1pMSkFBS0E

Must for Boosting Speed in DI

https://drive.google.com/open?id=0ByYvdp__l-N5WTR5SG1UMmQ3WFk

Flash's RBI Grade B Material

https://drive.google.com/folderview?id=0B31hMZo3wDNVczZncWI1cDdmSjQ&usp=drive_web

Super Sonic Punch

https://drive.google.com/folderview?id=0B31hMZo3wDNVOVctN2dHbUNwd1U&usp=drive_web

Random

https://drive.google.com/folderview?id=0B-7pRR2ueeZTZzFNV19YNndYX1E&usp=drive_web

Puzzles

https://drive.google.com/file/d/0Bw4Csb2gIv-SbnUtRTdEMDMxdUk/view

https://drive.google.com/file/d/0Bw4Csb2gIv-SVzAydnZrbEQzU1E/view

https://drive.google.com/folderview?id=0BxnkhoN_Jck1aVFRMWhkRVh3dHM&usp=sharing

https://drive.google.com/folderview?id=0BxnkhoN_Jck1VmxPNG9FejQ0bkE&usp=sharing

https://drive.google.com/file/d/0B1KdGGHsLplhdUxDV2p0VlpBRU0/view?pref=2&pli=1

https://drive.google.com/file/d/0ByU-z31mZiJxUE16NC1Db3h4SGc/view

https://drive.google.com/file/d/0BylYBEATNp-LVFpOSVlNbWxsMEk/view?pli=1

https://drive.google.com/file/d/0B1KdGGHsLplhSF81a1ZJSFI3ZXM/view?pli=1

https://drive.google.com/folderview?id=0B09PfOHiBXdpZlN0M2ZUT0F5N0k&usp=sharing

https://drive.google.com/file/d/0B2f6gfN3R0ABblFNQTVzbFdXWkU/view?usp=sharing

https://drive.google.com/folderview?id=0BxnkhoN_Jck1aVFRMWhkRVh3dHM&usp=sharing

English

https://drive.google.com/folderview?id=0Bw4Csb2gIv-SNDlwWURqdzlKZm8&usp=sharing

Railways

https://drive.google.com/folderview?id=0B38qje-puOi8UDBrb3BvQm5kenM&usp=sharing_eid&ts=56fd7e6f

Make In India and its Potential to Create Jobs

Make in India is an ambitious campaign launched by the Government of India to encourage multi-national, as well as national companies to manufacture their products in India. It was launched by Prime Minister Narendra Modi on 25 September,2014 as a part of a wider set of nation-building initiatives.The purpose of launching this campaign was to make India the top destination globally for foreign direct investment.

Make in India focuses on twenty-five sectors of the economy . The major objective behind the initiative is to focus on job creation and skill enhancement in these 25 sectors .The initiative also aims at high quality standards and minimizing the impact on the environment.It hopes to attract capital and technological investment in India.

Among others, the potential to create jobs in the world's fastest growing economy is one of the highlights of this campaign.The government hopes to create a 100 million new jobs by 2022 and &7.2 lakh temporary jobs within the very next year of its launch.

Though India has the edge of a young workforce, the quality of skills is still a challenge. Of the 14 million people that enter the workforce every year barely 2 million are formally trained.As a substantial population of India is unskilled, the maximum utilization of such class could be made by providing them with necessary skills and training.Skilled workers are required in design and engineering, project planning, execution, erection, commissioning, operations and maintenance, transmission and distribution, trading and regulatory, renewable energy and manufacturing. Talent in many of these areas is still untapped. It will not just lead to their upliftment, but also the companies. They would be attracted by the initially cheap labour and tend to invest more in India.Therefore, as more and more companies roll out their Make in India plans, the job market will be positively impacted.

Make in India initiative has already led to an increase in hiring in these segments as well as e-commerce and Internet-related sectors. The plan to create 100 smart cities is also expected to fuel job growth .

Make in India has the potential to emerge as a force multiplier to provide the emerging workforce with new livelihood opportunities .But a policy framework on its own cannot be successful unless a broader ecosystem of robust logistics and supply chain system is in place. The initiative can only be effective if goods manufactured here can be shipped at a reasonable cost, making India a competitive market and production center.

Today, India’s credibility is stronger than ever. There is visible momentum, energy and optimism. Make in India is opening investment doors in multiple sectors. Many enterprises are adopting its mantra. The world’s largest democracy is well on its way to becoming the world’s most powerful economy.

Wimbledon Championships Winners List 2016

Men’s Singles :

Trick: AM defeated MR

Andy Murray (UK) by beating Milos Raonic (Canada).

Note:This is AM's 2nd Wimbledon Title.

Women’s Singles :

Trick:Sir Will defeated AK 47

Serena Williams (US) by beating Angelique Kerber (Poland)

Note : It is her 22nd Grand Slam and 7th Wimbledon Title.

Women’s Doubles :

Trick: Sir Will + VENUS the planet won it

Serena Williams (US) and Venus Williams(US) by beating Babos (Hungary) and Shvedova (Kazakhstan).

Men’s Doubles :

Pierre-H Herbert (France) and Nicolas Mahut (France) by beating Julien Benneteau (France) and Édouard R-Vasselin (France).

Priority Sectors

• Agriculture

• Micro and Small Enterprises

• Education

• Housing

• Export

• Weaker Sections

• Social Infrastructure

• Renewable Energy

Deputy Governors Of RBI

Trick:RUNS

R-R.Gandhi

U-Urjit patel

N-N.S.VISWANATHAN

S-S.S.MUNDRA

Committees Part 3

Bhupendra Yadav Committee on Insolvency & Bankruptcy

Ashok Lahiri Committee to sort out issues related to central excise duty on jewelry.

Suresh Mathur committee to look into the issue of Title insurance in Indian market

Sudarsana Nalchiappan Committee constituted to review Model code of conduct for election poll.

D B S Sehatkar Committee formed to look into defense spending

Ajay Shankar Committee on" Replacing multiple prior permission with pre existing regulatory Mechanism"

Satyajit Mitra Committee on Tax Operators.

N K Singh Committee formed to review the FRBM Act(Fiscal Responsibility Budget Management)

Ashok Dhalwai Committee for doubling Farmers income by 2022.

Committees Part 2

K.V. Kamath--to examine the financial architecture for Micro, Small and Medium Enterprises (MSME) sector.

G N Bajpai--Guidelines for national pension system (NPS) schemes in private sector.

SS Nadkarni --Trading In Public Sector Banks

James Raj --Functioning Of Public Sector Banks

A Ghosh--Frauds & Malpractices In Banks

BD Thakar--Job Criteria In Bank Loans (Approach)

Shri M. Narasimham Committee--Banking Sector Reforms

Shri Raghuram Rajan-- Financial Sector Reforms & Basel -3 Norms

B Sambamurthy--Report of the Technical Committee on Mobile Banking

Urjit Patel--Report of the Expert Committee to Revise and Strengthen the Monetary Policy Framework

S.S.kholi- on willful defaulter

Nachiket Mor- Payment Bank & Small Finance Bank- Usha Thorat

Dave Committee--Mutual Funds Functioning

Abid Hussain --:Development Of Capital Markets

Mrs. KS Shere --Electronic Fund Transfer

Some Committees Part 1

List of Some important Committees related to Banking & Finance

Ramanujam committee - To avoid obsolete laws

Ajay Shankar -- To review functioning of PPP Cell

H R Khan-- To evaluate unclaimed PPF and Post Office Savings

Bimal Jalan :-- To head the Expenditure Management Commission

Deepak Mohanty --Data and Information Management in the RBI

Arvind Mayaram -- To clear definition to the FDI and FII

Nachiket Mor --To permit NBFC's to work as Business correspondence & Financial Inclusion

P J Nayak--Governance of Boards of Bank in India

T.K. Vishwanathan --To provide Bankruptcy code for small and medium enterprises (SMEs).

Some basic fundas

→GDP -- yearly , quarterly , monthly

→ Capital market -- 1 year and above
→ Money market -- Less than 1 year
→ Call money -- Overnight
→ Notice money -- 2-14 days
→ Term money-- 15 days to 1 year
→ Certificates of deposits--Min 7 days - Max- 12 months
→ Commercial papers -- Min 7 days -- Max --12 months
→ Forward rate agreements -- Contracts are available for maturity 10 years
→ Market Repo-- 1 day - 1 year
→ RBI LAF -- 1 day
→ NDTL -- 15 Days basis
→ T-bills -- 91, 182, 364 DAYS
→ Inter bank participation -- 91 -180 Days
→ IIP calculates -- Quarterly , Monthly
→ RBI Financial year --July 1st -- June 30 next year
→ BANKS -- FY:April 1st -- MARCH -31st next year
→ General budget -- Financial starts from April 1st .

Bank Headquarter Part 2

1). Those banks that have South Indian names have their headquarters in Bangalore.

Well, there are only two banks with South Indian Names.

A.Canara Bank - Headquarters is in Bangalore.

PS: Canara means Coastal Karnataka region

B.Vijaya Bank - Headquarters is in Bangalore.

6. Very easy to remember headquarters of some Indian Banks as the name itself is self explanatory.

A.Bank of Baroda - Baroda

B.Bank of Maharashtra - Pune

C.Andhra Bank - Hyderabad

7. Now, there are two remaining banks that you need to remember. They are

A.Syndicate Bank - Manipal (Trick: This rhymes with Sikkim Manipal)

B.Corporation Bank - Mangalore (Sorry. No Trick )

Bank Headquarters Part 1

Shortcuts to remember :

1. All banks that have 'India' at the end of their name have their headquarters in Mumbai.

Lets see some examples.

A.State Bank of 'India'- Headquarters is in Mumbai.

B.Bank of 'India'- Headquarters is in Mumbai.

C.Central Bank of 'India'- Headquarters is in Mumbai.

D.Union Bank of 'India'- Headquarters is in Mumbai.

E. Reserve Bank of 'India'- Headquarters is in Mumbai.

EXCEPTION: United Bank of India

2. "In Delhi, Punjabi girls excel in commerce!"

This is mnemonic to remember which banks have headquarters in Delhi.

Lets see examples.

A.Punjab National Bank - Headquarters is in New Delhi (punjabi)

B.Punjab & Sind bank - Headquarters is in New Delhi (punjabi)

C.Oriental Bank of Commerce - Headquarters is in New Delhi (commerce)

D.Bhartiya Mahila Bank - Headquarters is in New Delhi (girls)

3. All banks starting with 'Indian' have their headquarters in Chennai.

Let's see some examples.

A.Indian Bank - Headquarters is in Chennai.

B.Indian Overseas Bank - Headquarters is in Chennai.

4. Banks that start with 'U' have their headquarters in Kolkata.

A.UCO Bank - Headquarters is in Kolkata.

B.United Bank of India - Headquarters is in Kolkata.

EXCEPTIONS.

Union Bank of India (Mumbai).

A.Starts with U but has headquarters in Mumbai.

B. Allahabad Bank (Kolkata).

Tuesday, 19 July 2016

ATM's

1>White ATM - NBFC

2>Green ATM - Agricultural

3>Orange ATM - Share transactions

4>Yellow ATM - E-commerce

5>PINK ATM - Women banking

6)Brown ATM-Hardware and the lease of the ATM machine is owned by a service provider, but cash management and connectivity to banking networks is provided by a sponsor bank whose brand is used on the ATM.

Famous Places in India

1) Taj Mahal – Agra

2) Darbar Sahib – Amritsar, Punjab

3) Humayun’s Tomb – Delhi

4) The Red Fort – Delhi

5) Qutub Minar – Delhi

6) Hawa Mahal – Jaipur, Rajasthan

7) Lotus Temple – Delhi

8) Mehrangarh Fort – Jodhpur, Rajasthan

9) Janatar Mantar – Delhi

10) Cubbon Park – Bangalore

11) Dal Lake – Jammu & Kashmir

12) Jal Mahal – Jaipur, Rajasthan

13) Salar Jung Museum – Hyderabad, Telangana

14) Victoria Memorial - Kolkat

How technology is helpful for Indian Banking sector

The process of computerization marked the beginning of all technological initiatives in the banking industry. Computerization of bank branches had started with installation of simple computers to automate the functioning of branches.Today technology has brought a complete paradigm shift in
the functioning of banks and delivery of banking services,as most of the transactions can be done from the home and customers need not visit the bank branch for anything.Technology is no longer an enabler, but a business driver. The growth of the internet, mobiles and
communication technology has also added a different dimension to banking. Because of use of technology we now have ATM,Cash Deposit Machine,Online Banking,Mobile Banking etc.

The following points highlights the importance of technology in the industry:

1>E-banking: This enables the bank to deliver its services easily to its customers. Customers can access their bank details on their own computers, make money transfers from one account to another, print bank statements and inquire about their financial transactions.

2>Rural Banking: Unlike in the past when banking was centralized in urban areas, now day’s technology has made it simple to set up banking facilities in rural areas.In this case a user in a rural area will have an account with a mobile company which is opened for free. They can then deposit money on that account via a near by mobile money operating center. This money can be withdrawn at any time .

3>Real Time Gross Settlement (RTGS):

As the name suggests, funds transfer between banks takes place on a ‘Real Time’ basis. Therefore, money can reach the beneficiary instantaneously and the beneficiary’s bank has the
responsibility to credit the beneficiary’s account within two hours. Real Time Gross Settlement system, is a Interlink Research Analysis system through which electronics instructions can be given by banks to transfer funds from their account to the account of another bank.

4>Automatic Teller Machine (ATM):

Automatic Teller Machine is the most popular devise in India, which enables the customers to withdraw their money 24 hours a day 7 days a week. It is a device that allows customer who has an

Automatic Teller Machine (ATM) card to perform routine banking transactions without interacting with a human teller. In addition to cash withdrawal, Automatic Teller Machines (ATMs) can be

used for payment of utility bills, funds transfer between accounts, deposit of cheques and cash into accounts, balance inquiry etc. any were in that area and they can also receive or send money using the same system.

5>Plastic Money: Credit cards or Debit cards like have made the banking industry more flexible than before. With a credit card , a customer can borrow a specific amount of money from the bank to purchase any thing and the bank bills them later. In this case, they don’t have to go through the hassle of borrowing small money. Then with Debit Cards a customer can pay for any thing using that card and that money is deducted from their bank accounts automatically, they can also use the same card to deposit or withdraw money from their accounts using an ATM machine.

Conclusion:From enabling banking services to driving transformation in the Industry,technology have changed the banking industry from paper and branch based banks to digitized and networked banking services. It has also played a principal role in protecting the interest of its clients and business partners from fraud and losses.

Tricks

Coming Soon

Interview Q&A

Coming Soon

Base years

WPI-- 2004-05
IIP --2004-05
CPI--2010-11
GDP --2011-12

Letter Writing Format

This topic tests a candidate’s ability to precisely and effectively communicate with the person to whom the letter is addressed. There are different kinds of letters asked in the exam. For examples, there are personal letters and formal letters. The form of each letter is determined by its kind. For example, personal letters are written in a friendly tone. Formal letters, on the other hand, are written in a formal style.

What is a Formal letter: If you’re writing to a Bank Manager, any government official, dignitary, academic official or anyone else with whom you hope to have a professional relationship, the letter should be formal.

What is an Informal letter: If you’re writing to your friend, to your relatives, a co-worker, a distant or elderly relative, the letter should probably be informal.

Key points you need to keep in mind before writing a letter in exam –

Format of the letter: In order to fetch good marks in descriptive test, the letter should be written in correct format. An examiner always looks at whether the letter is written in the correct format and gives marks accordingly.

Below is the correct format of letter writing –

ABC

A – Wing,

Sector 16, A

Film City, Noida

Pin Code -201301

Date: July 18, 2016

To,

The Branch Manager,

State Bank of India

Sector 16, Noida

Subject: ______________.