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Banking Awareness

NPA and Its Recovery

NPA and Its Recovery NPA – Non Performing Assets If the status of NPAs in banks is not controlled, banks can become bankrupt. The entire credit distribution structure of the economy can be destructed and the country could be in a major financial turmoil. Know About NPA – An asset …

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RRB & RRB Act in Detail

RRB & RRB Act Regional Rural Banks (RRBs) were set up as government-sponsored, regional based rural lending institutions under the Regional Rural Banks Act, 1976. RRBs were configured as hybrid micro banking institutions, combining the local orientation and small scale lending culture of the cooperatives and the business culture of …

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NABARD (National Bank for Agriculture and Rural Development)

NABARD (National Bank for Agriculture and Rural Development) Introduction “NABARD” means ‘National Bank for Agriculture and Rural Development’. NABARD is an apex level bank set up by GOI(Government of India) with an instruction of providing credit flow for the promotion and development of agriculture, cottage, village and other small scale …

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Monetary Policy

Monetary Policy   Monetary policy refers to the use of monetary instruments under the control of the central bank to regulate magnitudes such as interest rates, money supply and availability of credit with a view to achieving the ultimate objective of economic policy. Monetary policy refers to the policy of …

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INROADS (Indian Risk-Oriented and Dynamic Rating System)

INROADS (Indian Risk-Oriented and Dynamic Rating System) The Reserve Bank of India (RBI) has decided to change the way it monitors and supervises banks in order to make the process more forward-looking. The move comes against the backdrop of the risks that have emerged after the global financial crisis of …

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CAMELS Rating System

CAMELS Rating System What is the ‘CAMELS Rating System’ The CAMELS rating system is a recognized international rating system that bank supervisory authorities use in order to rate financial institutions according to six factors represented by the acronym “CAMELS.” Supervisory authorities assign each bank a score on a scale, and …

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Overdraft : Defination | Advantages | Disadvantages

Overdraft : Defination | Advantages | Disadvantages What is an ‘Overdraft’ An overdraft is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the account has no funds in it or not enough to cover …

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Current account & Saving account

Current account & Saving account Demand Deposits Current Accounts Savings Accounts together are known as demand deposit, since they are payable on demand. What is a Savings Account? A Savings Account is the most common type of bank account. Almost every person you know will have a Savings Account or two. You …

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RBI : Its functions & Role

RBI : Its functions & Role The Reserve Bank of India was established in the year 1935 in accordance with the Reserve Bank of India Act, 1934. The Reserve Bank of India is the central Bank of India entrusted with the multidimensional role. It performs important monetary functions from issue of …

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History Of Banking In India

History Of Banking In India Banking history of India is divided into Two major categories – Pre-Independence Banking History Post-Independence Banking History The Indian banking system at the time of independence was fairly well developed. While the Reserve Bank of India was established in 1935, the nationalization of commercial bank took place …

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Basic Banking Terminology & Concepts

Basic Banking Terminology & Concepts Banking surely is a beat with a language all its own. This is a list of some of the key terms you’ll need to know and will come across frequently. The three sites I consulted in the arrangement of this glossary, are named below. The basic banking …

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Centre appoints 9 EDs in public sector banks

The Centre has elevated 9 General Managers to Executive Directors in various Public Sector Banks (PSBs). Bajrang Singh Shekhawat, General Manager at Central Bank of India has been appointed as Executive Director of Central Bank of India. Govind N Dongre, General Manager at Vijaya Bank has been appointed as Executive …

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‘Project Nishchay’ An Initiative by IDBI Bank

‘Project Nishchay’ to improve financial performance IDBI Bank has initiated a prospect plan – ‘Project Nishchay’ in consultation with The Boston Consulting Group (BCG). The project aims to “accelerate the struggling lender’s turnaround programme and improve financial performance”. The project will be led by senior management at IDBI Bank along …

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Static Awareness – Jammu & Kashmir

Static Awareness: An Insight Into The Indian State (JAMMU AND KASHMIR) Today, we are discussing about the state “Heaven Of India” – “Jammu & Kashmir”. Jammu and Kashmir  is a state in northern India, often denoted by the acronym J&K. It is located mostly in the Himalayan mountains, and shares …

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Digital Banking Notes

Digital Banking Digital Banking is the new paradigm that offers considerable benefits to banks in terms of increasing productivity and profitability. It is accomplished by leveraging state-of the-art technology infrastructure to bring about changes in internal processes and external interfaces. Objectives Of Digital Banking: If financial entities want to survive …

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List of Important Missiles of India

List of Important Missiles of India Get English,Quant & Reasoning Tricks Book –  #1. List of Important Missiles of India Recently, in IBPS/SBI PO & Clerk and other such banking exams, many questions were asked about Important Missiles of India. Therefore, go through the list of Indian Missiles, listed along with their …

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Lokseva Sahakari Bank Ltd Licence Cancelled By RBI

Licence of the Lokseva Sahakari Bank Ltd., Pune, Maharashtra Cancelled By RBI The Reserve Bank of India (RBI) has, vide order dated September 14, 2017 cancelled the licence of Lokseva Sahakari Bank Ltd., Pune, Maharashtra to carry on banking business, with effect from the close of business on September 18, …

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“Emirates NBD Bank (P.J.S.C)” in the Second Schedule Of RBI Ac Act, 1934

  “Emirates NBD Bank (P.J.S.C)” has been included in the Second Schedule to the Reserve Bank of India Act, 1934.   About Emirates NBD Emirates NBD is one of the largest banking groups in the Middle East in terms of assets. Currently, more than 9,000 people, representing 70 nationalities, are employed by Emirates NBD, …

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List Of Public Sector Banks In India

Here, we are giving the List of Public sector banks in India, their headquarters along with their taglines, establishment year and managing director/CEO.   List of Public Sector Banks in India   Sr.No. Banks/HeadQuarters Tagline Establishment MD/CEO 1. Allahabad Bank (Kolkata) A Tradition of Trust April 24, 1865 Usha Ananthasubramanian …

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