Why To Study Banking?

RESERVE BANK OF INDIA

A banking and finance qualification can take you anywhere. Perhaps you’ll enjoy a challenging and vibrant career with the  Rbi Functions-History-RBI subsidiaries(DICGC,BRBNMPL,NHB,NABARD)
world’s biggest businesses, or achieve stellar academic success.  RBI act-1934, Important sections(section 17,18,22,24,42)
 Priority sector lending(ANBC,MFI,SHG,MSME,lead bank,Kissan credit card..)
As in the exam point of view banking awareness plays an important role in all of our examination,one needs to focus in  Banking Ombudsman and internal ombudsman
banking section to score high marks in the mains examination.Here is the tree to study banking awareness section.  Difference between FERA Act and FEMA Act
 Foreign exchange management act 1999
STRUCTURE OF BANK  NBFC

 What is Banking?Activities of banking PAYMENT SYSTEMS

 Co-operative Banks,Commercial Banks and RRBs
 Nationalization of banks-First Nationalized bank Central bank of India-1969  Define-Cheques,types of Cheques,Clearing of Cheques,MICR clearing.
 Banking Regulation Act 1949  RTGS , NEFT ,IFS CODE,MICR CODE,SWIFT CODE
 Development banks (SIDBI,IFCI,NHB,NABARD,EXIM bank)  Difference between cheque and DD
 ECGC  ATM and Types of ATM
 Evolution of Banks- IBI,SBI,SBI Associates-Merger  Plastic Money- Point of Sales in outlets – operations-Explain Master,Visa,Maestro etc.
 Capitals-Banks-Headquarters-Main Functions-Act-Owned  NPCI function and features
 NPCI PRODUCT and SERVICES(NFS,UPI,IMPS,*99#,NACH,CTS<AEPS,RUPAY CARD,APBS,BBPS)
TYPES OF ACCOUNTS  CTS-Explain its operations,benefits etc,technical aspects etc.,
 Introduction of RUPAY Card-purpose-Advantages of RUPAY over other international cards
 KYC norms,Procedure-opening accounts for illiterate and blind persons
 NRI : Define-Two major heads in NRI-NRE,FCNR(B) ACCOUNT,NRO and EEFC account BANKING TERMINOLOGIES AND RBI MONETARY POLICY
 Demand and Time Deposits-CASA and Time deposits (FD,Bulk deposit)
 Applicability of income tax rules in Banks – TDS, “ Form 15-G,15-H,Payment of third party cheque  IMPORTANT ABBREVATIONS AND TERMINALOGIES
 Types of saving deposit schemes(PPF,SSY,NSC,KVP,SCSS)  Eg: Arbitrage,CDR,Cross selling,CDS,Factoring,Base rate,Crowd funding,Dematerialization,Etc..
 Repo,Reverse repo,CRR,SLR,MSF,Bank rate
(Note : Minimum and maximum age must be explained,Deposit limit,Amount limit)  What is the impact of Repo & reverse repo increase or decrease
 How does a CRR Hike help in Lowering Inflation
 Difference between PIO and OCI  Net Demand time liabilities
 Difference between NRE and NRO account  The main objectives for maintaing the SLR ratio
 NOSTRO ACC and VOSTRO ACC
FINANCIAL INCLUSION & BASEL NORMS
  Financial Inclusion-No Frill accounts, BSBDA-SMALL ACCOUNT,SWABHIMAN,Business Correspondents MONEY MARKET AND CAPITAL MARKET
 Payment and Small bank
 PMJDY- Scheme details,DBT  Commercial paper,treatury bills,Certificate of deposit
 International financial institutions(World bank,AIIB,NDB,IMF)  Cash Management Bills-FIMMDA-Call Money-Notice Money-Term Money
 Basel Committee for banking supervision(BCBS)  Primary Market and Secondary market,External Commercial Borrowing,FDI,FII,QFI,External Commercial
 Bank for International Settlements(BIS,Basel 1,2,3) Borrowing,American Depositary Receipt,Indian Depositary Receipt,Securities Exchange board of India
 Types of risk,capital adequacy ratio  NSDL,CDSL,ASBA
 currency chest
 Schemes:  

Pradhan Mantri Suraksh Bhima Yojana

Bhima Mantri Jeevan Jyothi Yojana

Atal Pension Scheme etc.

Pradhan Manthiri Mudra Yojana , etc..

Note: Upper and lower age limit,Upper and lower amount limit,Coverage value

TYPES OF VARIOUS ADVANCE/LOAN ACCOUNTS

 International rating Agencies (Standard and Poor , Moody’s , Fitch ratings)

 Note : HQ and Main functions
 Indian rating Agencies (CRISIL,ICRA,CARE,ONICRA,SMERA,FITCH INDIA LTD)
 Note: Regulatory body,HQ,Promoted by and functions
 Maegin on loans and its implications
 Applicability of CIBIL on Banks
 TYPES OF LOAN ACCOUNTS:
 Demand loan,Overdraft,Term loan,Cash credit-explain various features.
 NPA – Types of NPA,DEBT Recovery Tribunal,DRAT,SARFAESI ACT,Asset
 reconstruction company
 EMI,DRI Advances?