Banking and Static For IBPS Clerk Mains 2019

General Awareness Power Capsule | |IBPS Clerk Mains 2019
Contents
Static GA: Awards & Fields ...................................................................................................................................................2
Topic 1: CM/Governors/Wildlife Santuaries/National Parks / Power Plants in India .....................................................3
Topic 2: Upcoming Important Sport Events ......................................................................................................................8
Topic 3: The Headquarters of the International Organizations........................................................................................8
Topic 4: A Brief on the Census 2011 ..................................................................................................................................8
Topic 5: Current Office Holders List...................................................................................................................................9
Topic 6: Important Ports in India..................................................................................................................................... 10
Topic 7: The Most Famous Temples in India ................................................................................................................... 10
Topic 8: List of the Important Airports in India............................................................................................................... 10
Topic 9: What are the names of the Borders/Boundary Lines? ...................................................................................... 11
Topic 10: Stock Exchanges around the World ................................................................................................................. 11
Topic 11: Dams in India ................................................................................................................................................... 11
Topic 12: Classical and Folk Dances in India ................................................................................................................... 12
Topic 13: The Headquarters of the important Public-Sector Undertakings ................................................................... 12
Topic 14: Nick Names of Important Indian Places........................................................................................................... 13
Topic 15: Important Defence Exercise Conducted in the World ..................................................................................... 13
Topic 16: Stadiums Around the World ............................................................................................................................ 14
Topic 17: List of Indian Cities on Rivers Banks................................................................................................................ 15
Banking Awareness .......................................................................................................................................................... 16
Topic 1: Reserve Bank of India & its Functions ............................................................................................................... 16
Topic 2: Policy Rates decided by the RBI ......................................................................................................................... 17
Topic 3: Banking Regulation Act 1949|Schedule Banks| Other Types of Banks ............................................................. 17
Topic 4: What are the different types of accounts that can be opened in a Bank? .......................................................... 18
Topic 5: Negotiable Instrument Act and Cheques ........................................................................................................... 18
Topic 6: Financial Inclusion and the initiatives launched to achieve it ........................................................................... 20
Topic 7: All about the Priority Sector Lending Norms ..................................................................................................... 20
Topic 8: Financial Market| Important Points on Money Market, Capital Market & their Instruments........................... 22
Topic 9: All about the DICGC ............................................................................................................................................ 24
(Deposit Insurance & Credit Guarantee Corporation of India) ....................................................................................... 24
Topic 10: NPAs & SARFAESI Act ...................................................................................................................................... 24
Topic 11: A Brief on ATMs in India .................................................................................................................................. 24
Topic 12: Currency System in India ................................................................................................................................. 25
Topic 13: A close look at the Prompt Corrective Action (PCA)........................................................................................ 25
Topic 14: All about the Products of NPCI ......................................................................................................................... 26
Topic 15: Small Finance Banks & its Headquarters ......................................................................................................... 27
Topic 16: Payments Banks & its Headquarters ............................................................................................................... 27
Topic 17: What are the Risks in Banking Sector? ............................................................................................................ 27
Topic 18: What are the BASEL-3 Norms & a brief on the 3 Pillars of Basel? ................................................................... 28
Topic 19: Most Important Miscellaneous Banking Terms ............................................................................................... 28
Topic 20: How the amount can be transferred from one Bank A/c to the other? ........................................................... 29
Topic 21: What are the types of Accounts that can be opened by Foreign (Person) in India? ....................................... 30
Topic 22: A Brief on CAMELS rating for Domestic Banks? .............................................................................................. 31
Topic 23: BANKING OMBUDSMAN SCHEME 2006 .......................................................................................................... 31
Topic 24: NBFC OMBUDSMAN SCHEME .......................................................................................................................... 31
Topic 25: What is Base Rate, MCLR & Other rates of Lending? ....................................................................................... 31
Topic 26: What is Reverse Mortgage Loan? ..................................................................................................................... 32
Topic 27: What is Hypothecation & Pledge? .................................................................................................................... 32
Topic 28: What is NBFC & how it differs from Banks? .................................................................................................... 32
Topic 29: What are the types of Money? .......................................................................................................................... 33
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Topic 30: What are the Different types of Banking? ........................................................................................................ 33
Topic 31: What are the important codes that are used in Banking? ............................................................................... 33
Topic 32: Important Banking Abbreviations ................................................................................................................... 34
Topic 33: The HQ of NATIONALIZED/PSBs BANKS......................................................................................................... 35
Topic 34: Financial Regulations | Institutions | Organizations........................................................................................ 35
Topic 36: List of Mergers in the Indian Banking Industry ............................................................................................... 36
Topic 37: What are the Sectors in the Indian Economy? ................................................................................................. 37
Topic 38: A Brief on Printing & Minting of Currencies in India ....................................................................................... 37
Topic 39: What is the Mudra Scheme? ............................................................................................................................. 37
Topic 40: Headquarters of the International Financial Organizations ............................................................................ 38
Topic 41: Important Financial, Economics & Budget Terms ........................................................................................... 38
Topic 42: Major Controls/Schemes introduced in Banking Sector from 1968 ............................................................... 39
Topic 43: History of Banking Sector in India ................................................................................................................... 39
Topic 44: Important Financial Abbreviations Part 2 ....................................................................................................... 40
Topic 45: Miscellaneous Banking Terms ......................................................................................................................... 41

Static GA: Awards & Fields

1. International Gandhi Peace Prize: For contributions towards social, economic & political transformation through non-
violence & other Gandhian methods.
2. Bharat Ratna: Premier civilian award, to serve the nation.
3. Padma Vibhushan: Ranking wise the second award is the Padma Vibhushan in the Indian Republic. It awarded people from
various fields including Govt. service to distinguish extraordinary service for the country.
4. Padma Bhushan: The Padma Bhushan is the highest civilian award third in rank in the Indian Republic.
5. Padma Shri: It is awarded to citizens of India for their distinguished contribution in several fields including Education,
Literature, Arts, Science, Industry, Social Service, Medicine, Sports & Public Affairs.
6. Dronacharya Award: For brilliance in sports coaching.
7. Dhyan Chand Award: Highest lifetime achievement award in sports & games in India
8. Rajiv Gandhi Khel Ratna: Highest honor given for accomplishment in sports.
9. Vyas Samman: For literary in the Hindi language.
10. Saraswati Samman: For outstanding prose or poetry literary works in any Indian language listed in Schedule VIII of the
Constitution of India.
11. Param Vir Chakra: Highest decoration Awarded for the most conspicuous bravery or some daring or prominent act of
valour or self-sacrifice in the presence of the enemy on land, sea or air.
12. Maha Vir Chakra: Second highest decoration. It is awarded for acts of conspicuous gallantry in the presence of the enemy,
whether on land, at sea or in the air.
13. Vir Chakra: It is the third in the order of awards for acts of gallantry in the face of the enemy on land, sea or air.
14. Ashok Chakra: Awarded for the most conspicuous bravery or some daring act of valour or self-sacrifice on land, at sea or in
the air.
15. Academy (Oscar) Awards: Film (From 1929)
16. Grammy Award: Music (From 1958)
17. Ramon Magasaysay Award: Govt. (Public) Service, Social Service, Journalism, Literature, Communication & International
Understanding Bourlog Award: Agriculture (From 1992)
18. Grammy: Music
19. Pulitzer: Journalism&Literature
20. Arjun: Sports
21. Bowelay: Agriculture
22. Kalinga: Science
23. Dhanwantri: Medical Science
24. Nobel Prize: Peace, Literature, Economics, Physics, Chemistry, Medical Science
25. Abel: Maths
26. Man Booker: Literature
27. Vachspati Samman: Sanskrit Literature
Topic 1: CM/Governors/Wildlife Santuaries/National Parks / Power Plants in India
States/UTs National Parks(NP) Wild Life Sanctuaries Power Plants

J&K Dachigam National Gulmarg WLS -
Governor: Girish Chandra Murmu Park
Capital: Jammu(Winter) Hemis National Park Limber WLS
Srinagar(Summer) Kishtwar National Nandini WLS
Park
Salim Ali National
Park
Himachal Pradesh Pin Valley National Bandli WLS Girinagar Hydel
CM: Jairam Thakur Park Daranghati WLS Project
Governor: Bandaru Dattatraya Great Himalayan Dhauladhar WLS Binwa Hydel Project
Capital: Shimla National Park Nargu WLS Rangtong Hydel
Inderkilla National Pong Dam Lake WLS Project
Park Shilli WLS Baner&Neugal Project
Khirganga National Talra WLS
Park
Simbalbara National
Park
Punjab Abohar WLS Guru Gobind Singh

CM: Captain Amarinder Singh Harike Lake WLS Super Thermal Power
Governor: V P Singh Badnore Jhajjar Bacholi WLS Plant
Capital: Chandigarh
Haryana Kalesar National Park Bhindawas WLS Gorakhpur Atomic
Sultanpur National Kalesar WLS Power Station
CM: Manohar Lal Khattar Park Khaparwas WLS Deenbandhu Chhotu
Governor: Satyadeo Narayan Arya Ram TPS
Capital: Chandigarh Rajiv Gandhi TPS
Uttar Pradesh Dudhwa National Park Hastinapur WLS Narora Atomic Power
CM: Yogi Adityanath Ranipur WLS Station
Governor: Anandiben Patel Sohagibarwa WLS Rihand Thermal
Capital: Lucknow Sur Sarovar WLS Power Station
Chandraprabha Anpara Thermal
WLS Power Station
National Chambal
WLS
Bihar Valmiki National Park Gautam Budha WLS Kahalgaon Super
CM: Nitish Kumar Kaimur WLS Thermal Power
Governor: Phagu Chauhan Pant (Rajgir) WLS Station
Capital: Patna Valmiki WLS Barauni TPS
Chhattisgarh Indravati National Badalkhol WLS Sipat Thermal Power
CM: Bhupesh Baghel Park Bhairamgarh WLS Plant
Governor: Anusuiya Uikey Kanger Valley Bhoramdev WLS Hasdeo TPS
Capital: Raipur National Park Udanti Wild Buffalo Bhilai Expansion
Guru Ghasi Das WLS Power Plant
(Sanjay)
Jharkhand Betla National Park Lawalong WLS Chandrapura TPS
CM: Hemant Soren Palkot WLS Koderma Thermal
Governor: Draupadi Murmu Parasnath WLS Power Station
Capital: Ranchi Bokaro TPS
Andhra Pradesh Sri Venkateswara Coringa WLS Simhadri Super
CM: Jaganmohan Reddy National Park Kolleru WLS Thermal Power Plant
Governor Biswa Bhusan Harichandan Nellapattu WLS Sri Damodaram
Capital: Amaravati Pulicat Lake WLS Sanjeevaiah Thermal
Rajiv Gandhi Power Station
(Nagarjuna Sagar-
Srisailam) WLS
Rollapadu WLS
Telangana Mrugavani National Kawal WLS
CM: K. Chandrashekar Rao Park
Governor: Tamilisai Soundararajan
Capital: Hyderabad
Assam Dibru-Saikhowa NP Amchang WLS Bongaigaon Thermal
CM: Sarbananda Sonowal Kaziranga National Chakrashila WLS Power Plant
Governor: Jagdish Mukhi Park Dihing Patkai WLS
Capital: Dispur Manas National Park East Karbi Anglong
Nameri National Park WLS
Rajiv Gandhi Orang North Karbi
National Park Anglong WLS
Nambor WLS
Goa Bhagwan Mahavir Bondla WLS -
CM: Pramod Sawant (Mollem) National Madei WLS
Governor: Satya Pal Malik Park Bhagwan Mahavir
Capital: Panaji (Mollem) WLS
Netravali WLS
Gujarat Blackbuck National Jambugodha WLS Mundra Thermal
CM: Vijay Rupani Park, Velavadar Jessore WLS Power Station
Governor: Acharya Dev Vrat Gir Forest National Kutch Desert WLS Ukai Thermal Power
Capital: Gandhinagar Park Mitiyala WLS Station
Marine National Park, Porbandar Lake Akrimota Thermal
Gulf of Kutch WLS Power Station
Bansda National Park Rampara Vidi WLS Kakrapar Nuclear
Ratanmahal WLS Power Plant
Shoolpaneswar
(Dhumkhal) WLS
Thol Lake WLS
Wild Ass WLS
Karnataka Bandipur National Arabithittu WLS Raichur Thermal
CM: B. S. Yeddyurappa Governor: Park Attiveri WLS Power Station
Vajubhai R. Vala Bannerghatta National Bhadra WLS Udupi Thermal Power
Capital: Bengaluru Park Bhimgad WLS Plant
Kudremukh National Brahmagiri WLS Bellary Thermal
Park Cauvery WLS Power Station
Nagarhole National Nugu WLS
Park Pushpagiri WLS
Anshi national park Ranganathittu Bird
WLS
Sharavathi Valley
WLS
Someshwara WLS
Kerala Eravikulam National Aralam WLS Brahmapuram Power
CM: Pinarayi Vijayan Park Chimmony WLS Station
Governor: Arif Mohammed Khan Mathikettan Shola Idukki WLS Kayamkulam Power
Capital:Thiruvananthapuram National Park Malabar WLS Station
Periyar National Park Mangalavanam Bird
Silent Valley National WLS
Park Neyyar WLS
Anamudi Shola Periyar WLS
National Park Thattekad Bird WLS
Pampadum Shola NP
Madhya Pradesh Kanha National Park Bori WLS Vindhyachal Super
CM: Kamal Nath Madhav National Park Gandhi Sagar WLS Thermal Power
Governor: Lal Ji Tandon Mandla Plant Fossils Ghatigaon WLS Station
Capital: Bhopal National Park Ken Gharial WLS Sant Singaji Thermal
Panna National Park Narsighgarh WLS Power Plant
Pench National Park National Chambal Satpura Thermal
Sanjay National Park WLS Power Station
Satpura National Park Orcha WLS Amarkantak TPS
Van Vihar National Kuno WLS Sasan Ultra Mega
park Sardarpur WLS Power Project

Son Gharial WLS
Maharashtra Chandoli National Aner Dam WLS Tarapur Atomic
CM: Uddhav Thackeray Park Bhamragarh WLS Power Station
Governor: Bhagat Singh Koshyari Navegaon National Bhimashankar WLS Tirora Thermal Power
Capital: Mumbai Park Great Indian Station
Tadoba National Park Bustard WLS Amravati Thermal
Gugamal national park Jaikwadi WLS Power Plant
Koyana WLS
Nagzira WLS
Painganga WLS
Radhanagari WLS
Sagareshwar WLS
Tipeshwar WLS
Tungareshwar WLS
Manipur Keibul Lamjao Yangoupokpi- -
CM: N Biren Singh National Park Lokchao WLS
Governor: Najma Heptulla
Capital: Imphal
Meghalaya Balphakram National Baghmara Pitcher -
CM: Conrad Sangma Park Plant WLS
Governor: Tathagata Roy Nokrek National Park Nongkhyllem WLS
Capital: Shillong Siju WLS
Mizoram Murlen National Park Dampa WLS (TR) -
CM: PU Zoramthanga Phawngpui Blue Ngengpui WLS
Governor: P.S. Sreedharan Pillai National Park Pualreng WLS
Capital: Aizawl Mountain National Tokalo WLS
Park
Nagaland Intanki National Park Fakim WLS Dikhu Hydro Electric
CM: Neiphiu Rio Puliebadze WLS Power Plant
Governor: RN Ravi Rangapahar WLS
Capital: Kohima
Odisha Bhitarkanika National Badrama WLS Talcher Super
CM: Naveen Patnaik Park Baisipalli WLS Thermal Power
Governor: Ganeshi Lal Simlipal National Park Chilika (Nalaban) Station
Capital: Bhubaneswer WLS
Hadgarh WLS
Khalasuni WLS
Satkosia Gorge WLS
Rajasthan Sariska National Park Bundh Baratha WLS Chhabra Thermal
CM: Ashok Gehlot Ranthambore National Darrah WLS Power Station
Governor: Kalraj Mishra Park Jawahar Sagar WLS Suratgarh Power
Capital: Jaipur Darrah National Park Kailadevi WLS Station
Desert National Park Mount Abu WLS
Keoladeo National Ramsagar WLS
Park Sariska WLS
Sawai Man Singh
WLS
Shergarh WLS
Sitamata WLS
Sikkim Khangchendzonga Fambong Lho WLS Rangit Hydro Electric
CM: PS Golay National Park Kitam WLS (Bird) Power Prject
Governor: Ganga Prasad Maenam WLS
Capital: Gangtok Pangolakha WLS

Tamil Nadu Mudumalai National Indira Gandhi Kudankulam Nuclear
CM: Edapaddi Palaniswami Park (Annamalai) WLS Power Plant
Governor: Banwaril Lal Purohit Mukurthi National Kalakad WLS Neyveli Thermal
Capital: Chennai Park Karaivetti WLS Tuticorin Thermal
Indira Gandhi Karikili WLS Power Station
(Annamalai) National Mudumalai WLS
Park Pulicat Lake WLS
Guindy National Park Vaduvoor WLS
Gulf of Mannar Marine Vedanthangal WLS
National Park Vettangudi WLS
Tripura Bison( Rajbari ) Gumti WLS Palatana Thermal
CM: Biplab Deb National Park Rowa WLS Power Plant
Governor: Ramesh Bais Clouded Leopard Sepahijala WLS
Capital: Agartala National Park Trishna WLS
Uttarakhand Gangotri National Askot Musk Deer Chibro Power Plant
CM: Trivendra Singh Rawat Park WLS Khodri Power Plant
Governor: Baby Rani Maurya Jim Corbett National Binsar WLS Chilla Power Plant
Capital: Dehradun Park Govind Pashu Vihar
Valley of Flowers WLS
National Park Kedarnath WLS
Sonanadi WLS
West Bengal Buxa National Park Ballavpur WLS Mejia Thermal Power
CM: Mamata Banerjee Neora Valley Chintamani Kar Bird Station
Governor: Jagdeep Dhankhar NationalPark Sanctuary Farakka Super
Capital: Kolkata Singalila National Park Haliday Island WLS Thermal Power
Sundarbans National Lothian Island WLS Station
Park Mahananda WLS Kolaghat Thermal
Power Station
Bakreshwar Thermal
Power Station
Durgapur Steel
Thermal Power
Station
Arunachal Pradesh Namdapha National
Capital: Itanagar Park
CM: Pema Khandu Mouling National Park
Governor: BD Mishra
Complete list of 9 Union Territories:

S.NO Union Territories Capital CM Lt. Governor
1. Andaman and Nicobar Island Port Blair NA D K Joshi
2. Chandigarh Chandigarh NA V.P. Singh Badnore
3. Dadra and Nagar Haveli Silvassa NA Praful Patel
4. Daman and Diu Daman NA Praful Patel
5. Delhi Delhi Arvind Kejriwal Anil Baijal
6. Ladakh Leh NA Radha Krishna Mathur
7. Lakshadweep Kavaratti NA Dineshwar Sharma
8. Jammu and Kashmir Srinagar and Jammu NA Girish Chandra Murmu
9. Puducherry Pondicherry V. Narayanasamy Kiran Bedi

Topic 2: Topic 3:
Upcoming Important Sport Events The Headquarters of the International
Organizations
Summer Olympics Japan (2020); Paris (2024), Los
Angles (2028) International Organizations HQ:
Winter Olympics Pyeong Chang, South Korea UNO (United Nations Org) New York
(2018); Beijing China (2022) UNICEF New York
Common Wealth Queensland, Australia (2018); UNCTAD Geneva
Games London (2022) WHO (World Health Org) Geneva
Asian Games Indonesia (2018); Hangzohu,
ILO (International Labour Org) Geneva
China (2022)
WMO (World Meteorological Org) Geneva
FIFA Russia (2018); Qatar (2022)
World Intellectual Property Org Geneva
Common Wealth Bahamas (2017); Belfast (2021)
Youth Games International Standards Org. Geneva
Common Wealth Lima, Peru (2018) IMF Washington DC
Weightlifting World Bank Washington DC
Championship UNESCO Paris
OECD Paris
Men Hockey World Cup 2018 (India) UNIDO (United Nations Industrial Dev. Vienna
Women Hockey World Cup 2018 (London) Org)
ICC Women Cricket World Cup 2021 (New Zealand) IAEA (International Atomic Energy Vienna
ICC Men Cricket World Cup 2019 (England); 2023 Agency)
(India)
OPEC Vienna
FIFA (Women) World Cup 2019 (France) → Dare
Amnesty International London
to Shine
ITTF Table Tennis World Cup 2018 (London) Commonwealth of Nations London
International Maritime Organization London
Important Sports Events ICJ (International Court of Justice) The Hague
ICC Cricket World Cup: (ODI) Food & Agricultural Organization Rome
1. England – 2019|2. India– 2023 NATO Brussels
Transparency International Berlin
T20 World Cup: Australia - 2020.
SAARC Kathmandu
Test Championship: Lords, UK (2021)
ASEAN Jakarta
APEC (Asia Pacific Economic Forum) Singapore
FIFA (Football) World Cup venue:
Organization of Islamic Cooperation Jeddah
2018: Russia|2022: Qatar International Olympic Committee Lausanne,
Commonwealth Games venues: 2018 – Gold Coast Switzerland
(Australia).| 2022: Birmingham (England)
Topic 4: A Brief on the Census 2011
Olympics Games venues:
1) The population of the country as per the provisional
2016 Summer: Rio de Janeiro (Brazil)
figures of Census 2011 is 1210.19 million of which 623.7
2018 winter: Pyeongchang (South Korea) million (51.54%) are males&586.46 million (48.46%)
2020 summer: Tokyo (Japan) are females.
2022 Winter: Beijing (China) Major highlights of the Census 2011 (Provisional
2024 Summer: Paris (France) figures) are as under:
*The population of India has increased by more than 181
Asian Games host cities: million during the decade 2001-2011.
1. 2014: Incheon (South Korea) 2) %age growth in 2001-2011 is 17.64; males
17.19&females 18.12.
2. 2018: Jakarta, Indonesia
3) *Uttar Pradesh (199.5 million) is the most populous
3. 2022: Hangzhou, China
State in the country followed by Maharashtra with 112
million.
Some of the highlights Director General, ITBP S. S. Deswal
Slogan - Our census, Our Future Solicitor General Tushar Mehta
India's 1st Census - 1872 Attorney General KK Venugopal
2011 Census is - 15th Census Chairperson, National Justice Adarsh Kumar Goel
Total Population - 1,21,01,93,422 Green Tribunal
India's Rank in population - 2nd with 17.5% (1st China Director, NCERT Hrushikesh Senapaty
with 19%) President, ASSOCHAM Balkrishna Goenka
Most Populous State - Uttar Pradesh Chairperson, NASSCOM Rishad Premji
Least Populous State - Sikkim DRDO Chairman G Satheesh Reddy
Most Literate State - Kerala (93.9%) LIC Chairman MR Kumar
Least Literate State - Bihar (63.82%)
National Sex Ratio - Female : Male (940 : 1000)
Post Name
Highest Sex Ratio (State) - Kerala (1084 : 1000)
Chief Justice, Supreme Court Justice Sharad Arvind
Lowest Sex Ratio (State) - Haryana
Bobde (47th CJI)
Highest Sex Ratio (UT) - Puducherry
Speaker, Lok Sabha Om Birala
Least Sex Ratio (UT) – Daman & Diu (618 : 1000)
Deputy Speaker, Lok Sabha Vacant
Literacy of Male - 82.14%
Literacy of Female - 65.46% Comptroller & Auditor General Rajiv Mehrishi
Population Growth Rate - 17.64% of India
Highest fertility Rate - Meghalaya Chief Election Commissioner Sunil Arora
Most literate union territory - Lakshadweep (92.2%) Chairman, UPSC Sh. Arvind Saxena
Least literate Union Territory - Dadra Nagar & Haweli Deputy Chairman, Rajya Sabha Harivansh Narayan
Most Literate District - Serechhip (Mizoram) Singh
Least Literate District - Dadra and Nagar & Haveli
Highest Density of Population - Bihar (1102 sq.km) Designation Name
Lowest Density of Population - Arunachal Pradesh (17) Secretary-General, United Antonio Guterres
Total number of districts - 640 Nations Organisation
Highest Populous District - Thane (Mumbai) Managing Director, Kristalina Georgieva
100% Literacy District - Palakkad (Kerala) International Monetary Fund
100% Banking State - Kerala President, World Bank David R. Malpass
100% Banking District - Palakkad (Kerala) Director-General, World Trade Roberto Azevedo
Density of Population in India - 382 sq. km Organisation
Increase in population (during 2001-2011) - 181 million DG, UNESCO Audrey Azoulay
President, UN General Maria Fernanda
Topic 5: Current Office Holders List Assembly Espinosa
Director-General, WHO Tedros Adhanom
Important National Officials Ghebreyesus
Designation Name President, International Court Abdulqawi Ahmed Yusuf
Chairperson, CBDT Pramod Chandra Mody of Justice
Chairperson, National Nand Kumar Sai President, Asian Development Masatsugu Asakawa
Commission for Scheduled Bank
Tribes President, International Thomas Bach
Chairperson, UGC Dhirendra Pal Singh Olympic Committee
Chairman, ISRO K Sivan Director-General, International Yukiya Amano (passed
Chairman, Atomic Energy Kamlesh Nilkanth Vyas Atomic Energy Agency away), Rafael Mariano
Commission Gross (will join in
Chairperson, TRAI Ram Sevak Sharma Dec’19)
Chairperson, NHAI Sukhbir Singh Sandhu Secretary-General, NATO Jens Stoltenberg
Director General, NCC Lt. General Rajeev Chopra Secretary-General, ASEAN Lim Jock Hoi
Chairperson, CBSE Anita Karwal Secretary-General, SAARC Amjad Hussain B Sial
Chairperson, IRDAI Subhash Chandra Khuntia Secretary-General, Patricia Scotland
Chairperson, PTI Viveck Goenka Commonwealth
Director General, BSF Vivek Johri President, FIFA Gianni Infantino
Director General, SSB Rajesh Chandra Chairman, International Shashank Manohar
Director General, CRPF SS Deswal (add. charge) Cricket Council

Topic 6: Important Ports in India Topic 8: List of the Important Airports in India
Airport City State/UT
Port State
Kolkata West Bengal Kempegowda Bangalore Karnataka
Paradip Orissa International
Vishakhapatnam Andhra Pradesh Airport
Chennai Tamil Nadu Netaji Subhash Kolkata West Bengal
Ennore Tamil Nadu Chandra Bose
Tuticorin Tamil Nadu Intl.Airport
Cochin Kerala Rajiv Gandhi Hyderabad Telangana
New Mangalore Karnataka International
Mormugao Goa Airport
Jawaharlal Nehru Maharashtra Sardar Ahmedabad Gujarat
Mumbai Maharashtra Vallabhbhai
Kandla Gujarat Patel
International
Airport
Topic 7: The Most Famous Temples in India Chaudhary Lucknow Uttar Pradesh
Badrinath Temple: Chamoli district, Uttarakhand Charan Singh
Intl. Airport
The Konark Sun Temple: Puri district of Odisha
Lokpriya Guwahati Assam
Brihadeeswara Temple: Thanjavur city of Tamil Nadu Gopinath
Somnath Temple: Saurashtra (Gujarat) Bordoloi Intl.
Kedarnath Temple: Garhwal area (Uttarakhand) Airport
Sanchi Stupa: Raisen district of Madhya Pradesh Srinagar Airport Srinagar J&K
Ramanathaswamy Temple: Tamil Nadu Biju Patnaik Bhubaneswar Odisha
Vaishno Devi Mandir: J&K, near Katra. International
Airport
Siddhivinayak Temple: Prabha Devi, Mumbai
Visakhapatnam Visakhapatnam Andhra Pradesh
Gangotri Temple: Uttarkashi district of Uttarakhand
Airport
Golden Temple or Sri Harmandir Sahib: Amritsar Devi Ahilyabai Indore Madhya Pradesh
Kashi Vishwanath Temple: Varanasi (Uttar Pradesh) Holkar Airport
Lord Jagannath Temple: Puri (Orissa) Dr. Babasaheb Nagpur Maharashtra
Yamunotri Temple: Uttarkashi district of Uttarakhand Ambedkar Intl.
Meenakshi Temple: Madurai (Tamil Nadu) Airport
Amarnath Cave Temple: State of J&K Lok Nayak Patna Bihar
Lingaraja Temple: Orissa Jayaprakash
Airport
Tirupati Balaji: Tirumala (Andhra Pradesh)
Sri Guru Ram Amritsar Punjab
Kanchipuram Temples: Tamil Nadu Dass Jee
Khajuraho Temple: Madhya Pradesh International
Virupaksha Temple: Hampi, Bellary, Karnataka Airport
Akshardham Temple: Delhi Swami Raipur Chhattisgarh
Shri Digambar Jain Lal Mandir: Oldest Jain temple in Vivekananda
Delhi Airport
Bagdogra Bagdogra West Bengal
Gomateshwara Temple: Shravanabelagola town of
Airport
Karnataka
Veer Savarkar Port Blair Andaman &
Ranakpur Temple: Pali district of Rajasthan International Nicobar Islands
Shirdi Sai Baba Temple: Shirdi town of Maharashtra Airport
Sree Padmanabhaswamy Temple : Thiruvananthapuram, Birsa Munda Ranchi Jharkhand
the capital city of Kerala Airport
Dwarkadhish Temple: Dwarka city (Gujarat) Maharana Udaipur Rajasthan
Laxminarayan Temple: Delhi Pratap Airport
Raja Bhoj Bhopal Madhya Pradesh

Airport City State/UT Topic 10:
International Stock Exchanges around the World
Airport
Jolly Grant Dehradun Uttrakhand New York Stock Exchange (NYSE): HQ in New York City
Airport NASDAQ OMX: HQ in New York City.
Rajahmundry Rajahmundry Andhra Pradesh Tokyo Stock Exchange: HQ in Tokyo
London Stock Exchange: HQ in London.
Airport
Shanghai Stock Exchange: HQ in Shanghai.
Silchar Airport Silchar Assam Hong Kong Stock Exchange: HQ in Hong Kong.
Lengpui Airport Aizwal Mizoram Toronto Stock Exchange: HQ in Toronto.
Zaruki Shillong Meghalaya BM&F Bovespa: HQ in Sao Paul
International Australian Securities Exchange: HQ in Sydney
Airport Deutsche Börse: HQ in Frankfurt.
Daporijo Airport Daporijo Arunachal Taiwan Stock Exchange – HQ in the city of Taipei
Pradesh JSE Limited HQ in Johannesburg, South Africa.
Tezu Airport Tezu Arunachal American Stock Exchange (AMEX) HQ in New York, USA
Pradesh Borsa Italia HQ in Milan, Italy
London International Financial Futures&Options
Kandla Airport Kandla Gujarat
Exchange (LIFFE) HQ in London, Great Britain
Sonari Airport Jamshedpur Jharkhand Montreal Exchange (MSE) HQ in Montreal, Canada
Birsa Munda Ranchi Jharkhand Nordic: Baltic market (OMX) HQ in Stockholm, Sweden
Airport Bolsa de Madrid (Madrid Stock Exchange) HQ in Madrid,
Agatti Agatti Lakshadweep Spain
Aerodrome Afghanistan Stock Exchange HQ in Kabul
Chittagong Stock Exchange HQ in Chittagong
Topic 9: Royal Securities Exchange of Bhutan HQ inThimphu
Maldives Stock Exchange HQ in Malé
What are the names of the Borders/Boundary Lines?
Nepal Stock Exchange HQ in Kathmandu
Durand Line: Afghanistan & Pakistan Sialkot Stock Exchange HQ in Sialkot
Hindenburg Line: Germany & Poland. Colombo Stock Exchange HQ in Colombo
Mason-dixon Line: Line of demarcation between four
states in the United States.
Topic 11:
Mannerheim Line: Russia-Finland border. Dams in India
Macmahon Line: India & China Dam River State
Medicine Line: Canada & the United States. Tehri Dam Bhagirathi Uttarakhand
Lakhwar Dam Yamuna Uttarakhand
Order-neisse Line: Poland & Germany Idukki (Eb)/Idukki Arch Periyar Kerala
Radcliffe Line: India & Pakistan. Dam
Siegfried Line: Germany on its border with France. Bhakra Dam Satluj Himachal Pradesh
17th Parallel: North Vietnam & South Vietnam Pakal Dul Dam Marusudar J&K
Sardar Sarover Gujarat Narmada Gujarat
26th Parallel south: Africa, Australia & South America. Dam
30TH PARALLEL Equator & the North Pole. Srisailam (N.S.R.S.P) Krishna Andhra Pradesh
38th Parallel: Separates North Korea&South Korea. Dam
Ranjit Sagar Dam Ravi Punjab
39th Parallel north is an imaginary circle of latitude
Baglihar Dam CHENAB J&K
that is 39 degrees north of the Earth’s equatorial plane. Pong Dam Beas Himachal Pradesh
40th Parallel north: formed the original northern Nagarjuna Sagar Dam Krishna Telangana
boundary of the British Colony of Maryland. Salal (Rockfill& Chenab J&K
Concrete) Dam
42nd Parallel north: New York - Pennsylania Border.
Supa Dam Kali Nadi Karnataka
The Parallel 440 north is an imaginary circle of latitude Koteshwar Dam Bhagirathi Uttarakhand
that is 44 degrees north of the Earth’s equatorial plane. Rihand Dam Rihand Uttar Pradesh
45th Parallel north is often called the halfway point Indira Sagar (NHDC) Narmada Madhya Pradesh
Dam
between the Equator&the North Pole.
Pillur Dam Bhavani Tamil Nadu
45th parallel makes up most of the boundary between Madupetty (Eb) Dam Palar Kerala
Montana&Wyoming. Parbati II Dam Parbati Himachal Pradesh
49th Parallel is the boundary between USA&Canada Chakra Dam Chakra Karnataka
Ukai Dam Tapi Gujarat

Topic 12: South India
Classical and Folk Dances in India Padayani: Kerala
Kolannalu: Andhra Pradesh
Indian Classical Dances Parai Attam: Tamil Nadu
Bharatnatyam: Tamil Nadu & Karnataka Karagattam: Tamil Nadu
Kathak: North India Paampu Attam: Tamil Nadu.
Kathakali: Kerala. Poikal Kudirai Attam: Tamil Nadu
Kuchipudi: Andhra Pradesh. Theyyam: Kerala
Andhra Pradesh: Veethi Natakam, Burrakatha, Lambadi,
Manipuri: Manipur
Koya.
Mohiniattam: Kerala.
Telangana: Bathukamma
Odissi: Orissa state.
Dollu Kunitha: Karnataka
Gaudiya Nritya: West Bengal
Ghodemodni: Goa
Sattriya: Assam
Lava Dance: Lakshadweep
Ghoomar: Rajasthan
Fugdi: Goan dance performed in the Konkan region
Thang Ta: Manipur
Veeragase: Karnataka
Koli: Maharashtra
North India
Dumhal: Rauf tribe of Jammu & Kashmir West India

HurkaBaul: Uttarakhand Dandiya: Gujarat & Rajasthan
Chholiya: Kumaon region, Uttarakhand Garba: Gujarat
Bhangra: Punjab Padhar Dance: Gujarat
Dhamyal - ‘Dhamyal’ or ‘Dhuph’: Haryana Rajasthan: Khyal, Rasdhari, Rammat, Gauri, Ghoomar
Mayur Nritya: Uttar Pradesh
Charkula: Braj region of Uttar Pradesh. Topic 13:
Giddha: State of Punjab The Headquarters of the important
Haryana: Swang, Naqqal, Dhamal Public-Sector Undertakings
Himachal Pradesh: Nati, Kariyala, Bhagat
Agriculture Insurance Company of India: New Delhi
Central India Air India Limited: New Delhi
Gaur Dance: Chhattisgarh Airports Authority of India: New Delhi
Muria Dance: Bastar district of Chhattisgarh Bharat Bhari Udyog Nigam: Kolkata, West Bengal
Saila Dance: Bastar district in the state of Chhattisgarh Bharat Earth Movers (BEML): Bangalore, Karnataka
Kaksar Dance: Bastar district in the state of Chhattisgarh Bharat Electronics Limited: Bangalore, Karnataka
Jawara Dance: Madhya Pradesh Bharat Heavy Electricals Limited(BHEL): New Delhi
Bhagoria Dance: Madhya Pradesh Bharat Petroleum Corporation Limited: Mumbai,
Suwa Dance: Chhattisgarh Maharashtra
Grida Dance: Madhya Pradesh Coal India Limited: Kolkata, West Bengal
Damodar Valley Corporation: Kolkata, West Bengal
East India Electronics Corporation of India: Hyderabad, Telangana
Brita Dance: ‘Brita’ or ‘Vrita’ dance: West Bengal Fertilizer Corporation of India Limited: Noida, Uttar
Dalkhai: Odisha. Pradesh
Food Corporation of India: New Delhi
Gotipua: Odisha
General Insurance Corporation of India Limited (GIC):
Bihar: Jadur, Kathaputli, Bhako, Jhijiya
Mumbai, Maharashtra
Hindustan Aeronautics Limited: Bangalore, Karnataka
North East India
Hindustan Petroleum Corporation Limited: Mumbai,
Hojagiri: Tripura Maharashtra
Nongkram Dance: Meghalaya India Infrastructure Finance Company: New Delhi
Bagurumba: Assam Indian Oil Corporation: New Delhi
Bhortal Dance: Assam The Jute Corporation of India Limited: Kolkata, West
Cheraw Dance: Mizoram Bengal
Chang Lo: Nagaland Mahanadi Coalfields Limited: Sambalpur, Odisha
Bardo Chham: Arunachal Pradesh Mineral Exploration Corporation Limited: Nagpur,
Bihu: Assam Maharashtra

NHPC Limited: Faridabad, Haryana Hollywood Of India Mumbai
National Aluminium Co Ltd: Bhubaneshwar, Orissa City Of Castles Kolkata
National Aviation Company of India: New Delhi
State Of Five Rivers Punjab
National Buildings Construction Corporation: New Delhi
National Fertilizers Limited: Noida, Uttar Pradesh City Of Weavers Panipat
National Handloom Development Corporation Limited: City Of Lakes Srinagar
Lucknow, Uttar Pradesh Steel City Of India Jamshedpur (Called
National Insurance Co Ltd: Kolkata, West Bengal Tatanagar)
National Textile Corporation: New Delhi
City Of Temples Varanasi
New India Assurance Company: Mumbai, Maharashtra
Neyveli Lignite Corporation Limited: Tamil Nadu Manchester Of The North Kanpur
North Eastern Regional Agricultural Marketing City Of Rallies New Delhi
Corporation: Assam Heaven Of India J&K
Numaligarh Refinery Limited: Assam Boston Of India Ahmedabad
Oil & Natural Gas Corporation: Dehradun, Uttarakhand
Garden Of Spices Of India Kerala
Oil India Limited: New Delhi
Oriental Insurance Company: New Delhi Switzerland Of India Kashmir
Pawan Hans Limited: New Delhi Abode Of The God Prayag(Allahabad)
Shipping Corporation of India Limited: Mumbai, Pittsburg Of India Jamshedpur
Maharashtra
United India Insurance Company: Chennai, Tamil Nadu
Uranium Corporation of India: Jaduguda, Jharkhan. Topic 15:
Important Defence Exercise Conducted in the World
Topic 14:
Garuda: India-France
Nick Names of Important Indian Places
HAND-HAND: India-China
Nick Names City Indra: India-Russia
Golden City Amritsar Jimex: India-Japan
Manchester Of India Ahmedabad Malbar: Us-India-Japan
City Of Seven Islands Mumbai
Shade: Naval Forces Of India, Japan&China
Queen Of Arabian Sea Cochin
Surya Kiran: India&Nepal
Space City Bangalore
Garden City Of India Bangalore Varuna: France&India
Silicon Valley Of India Bangalore Simbex: Indian Navy With Republic Of Singapore Navy
Electronic City Of India Bangalore Ibsamar: India with Brazil&South African Navy
Pink City Jaipur Konkan: Indian Navy&Royal Navy Of Britain
Gateway Of India Mumbai Ausindex: Indian&Australian Navy
Twin City: Hyderabad, Indradhanush Or Rainbow: India-Uk Air Exercises
Secunderabad Nomadic Elephant: Indian Army Exercises with
City Of Festivals Madurai
Mongolia
Deccan Queen Pune
Ekuverin: Maldives&India
City Of Buildings Kolkata
Dakshin Ganga Godavari Garuda Shakti: India&Indonesia
Old Ganga Godavari Mitra Shakti: India-Sri Lanka
Egg Bowls Of Asia Andhra Pradesh Naseem Al-Bahr: India-Oman
Soya Region Madhya Pradesh SLINEX: Joint exercise in Navy between India&Sri Lanka
Manchester Of The South Coimbatore hyog-Kaijin -Joint exercise of Coast Guards of
City Of Nawabs Lucknow India&Japan
Venice Of The East Cochin Malabar: India&US
Sorrow Of Bengal Damodar River Yudh Abhyas: India&US
Sorrow Of Bihar Kosi River
Red flag: India&US
Blue Mountains Nilgiri
Cope: India&US
Queen Of The Mountains Mussoorie
(Uttarakhand) SAMPRITI – India&Bangladesh
Sacred River Ganga

Topic 16: Wankhede Stadium –Mumbai
Stadiums Around the World Jawaharlal Nehru Stadium: Kochi (Kerala)
Dr. Bhupen Hazarika Cricket Stadium: Guwahati
Stadiums in Australia
(Assam)
Adelaide Oval- Adelaide
Dhyan Chand National Stadium: Delhi
Bundaberg Rum Stadium- Cairns
Stadiums in New Zealand
Telstra Dome- Melbourne
Basin Reserve-Wellington
Manuka Oval- Canberra
Eden Park-Auckland
Marrara Cricket Ground- Darwin
Jade Stadium-Christchurch
Melbourne Cricket Ground- Melbourne
John Davies Oval-Queenstown
Sydney Cricket Ground- Sydney
McLean Park-Napier
W.A.C.A. Ground- Perth
Stadiums in Bangladesh Stadiums in Pakistan

Bangabandhu National Stadium- Dhaka Arbab Niaz Stadium-Peshawar
Chittagong Stadium- Chittagong Ayub National Stadium-Quetta
Gaddafi Stadium-Lahore
Stadiums in England
Edgbaston- Birmingham
Headingley- Leeds Stadiums in South Africa
Lord's- London Kingsmead-Durban
Old Trafford- Manchester New Wanderers Stadium-Johannesburg
Sophia Gardens- Cardiff Newlands-Cape Town
St Lawrence Ground- Canterbury St George's Park-Port Elizabeth
The Brit Oval- London Centurion Super Sport Park-Pretoria
Trent Bridge- Nottingham
Stadium in Sri Lanka
Stadiums in India Colombo Cricket Club Ground-Colombo
Barabati Stadium -Cuttack Galle International Stadium-Galle
Barkatullah Khan Stadium -Jodhpur P.Saravanamuttu Stadium-Colombo
Barsapara Cricket Stadium: Guwahati R.Premadasa Stadium-Colombo
Greenfield International Stadium: Sinhalese Sports Club Ground-Colombo
Thiruvananthapuram
Brabourne Stadium -Mumbai Stadiums in West Indies
Eden Gardens -Kolkata Sabina Park Kingston-Jamaica
Feroz Shah Kotla -Delhi Antigua Recreation Ground St John's-Antigua
Gandhi Stadium -Jalandhar Guyana Cricket Stadium Georgetown-Guyana
Green Park -Kanpur Kensington Oval Bridgetown-Barbados
Indira Gandhi Stadium -Vijayawada Mindoo Phillip Park Castries-St Lucia
Rajiv Gandhi Port Silver Jubilee Stadium - Albion Sports Complex Berbice-Guyana
Visakhapatnam
Jawaharlal Nehru Stadium -New Delhi Stadiums in Zimbabwe
Lal Bahadur Shastri Stadium -Hyderabad Bulawayo Athletic Club-Bulawayo
M.Chinnaswamy Stadium -Bangalore Harare Sports Club-Harare
MA Chidambaram Stadium -Chennai Kwekwe Sports Club-Kwekwe
Madhavrao Scindia Cricket Ground -Rajkot Queens Sports Club-Bulawayo
Moin-ul-Haq Stadium -Patna
Sardar Vallabhai Patel Motera Stadium -Ahmedabad Stadiums in United Arab Emirates
Sawai Mansingh Stadium -Jaipur Sheikh Zayed Stadium-Abu Dhabi
Vidarbha CA Ground -Nagpur Sharjah Cricket Stadium-Sharjah

Topic 17: List of Indian Cities on Rivers Banks City River State
39. Mangalore Netravati, Karnataka
City River State Gurupura
1. Agra Yamuna Uttar Pradesh 40. Shimoga Tunga River Karnataka
2. Ahmedabad Sabarmati Gujarat 41. Bhadravathi Bhadra Karnataka
3. Allahabad At the confluence Uttar Pradesh 42. Hospet Tungabhadra Karnataka
of Ganga, Yamuna 43. Karwar Kali Karnataka
& Saraswati 44. Bagalkot Ghataprabha Karnataka
4. Ayodhya Saryu Uttar Pradesh 45. Honnavar Sharavathi Karnataka
5. Badrinath Alaknanda Uttarakhand 46. Gwalior Chambal Madhya
6. Banki Mahanadi Odisha Pradesh
7. Brahmapur Rushikulya Odisha 47. Gorakhpur Rapti Uttar Pradesh
8. Chhatrapur Rushikulya Odisha 48. Lucknow Gomti Uttar Pradesh
9. Bhagalpur Ganga Bihar 49. Kanpur Ganga Uttar Pradesh
10. Kolkata Hugli West Bengal 50. Uttar Pradesh
Shuklaganj Ganga
11. Cuttack Mahanadi Odisha
12. New Delhi Yamuna Delhi 51. Chakeri Ganga Uttar Pradesh
13. Dibrugarh Brahmaputra Assam 52. Malegaon Girna River Maharashtra
14. Ferozpur Sutlej Punjab 53. Sambalpur Mahanadi Odisha
15. Guwahati Brahmaputra Assam 54. Rourkela Brahmani Odisha
16. Haridwar Ganga Uttarakhand 55. Pune Mula, Mutha Maharashtra
17. Hyderabad Musi Telangana
56. Daman Daman Ganga Daman
18. Jabalpur Narmada Madhya
Pradesh River
19. Kanpur Ganga Uttar Pradesh 57. Madurai Vaigai Tamil Nadu
20. Kota Chambal Rajasthan 58. Thiruchirapal Kaveri Tamil Nadu
21. Kottayam Meenachil Kerala li
22. Jaunpur Gomti Uttar Pradesh 59. Chennai Cooum, Adyar Tamil Nadu
23. Patna Ganga Bihar
60. Coimbatore Noyyal Tamil Nadu
24. Rajahmundry Godavari Andhra Pradesh
61. Erode Kaveri Tamil Nadu
25. Srinagar Jhelum Jammu & 62. Tirunelveli Thamirabarani Tamil Nadu
Kashmir 63. Bharuch Narmada Gujarat
26. Surat Tapi Gujarat 64. Karjat Ulhas Maharashtra
27. Tiruchirapalli Kaveri Tamil Nadu
65. Nashik Godavari Maharashtra
28. Varanasi Ganga Uttar Pradesh
29. Vijayawada Krishna Andhra Pradesh 66. Mahad Savitri Maharashtra
67. Nanded Godavari Maharashtra
30. Vadodara Vishwamitri Gujarat 68. Kolhapur Panchaganga Maharashtra
69. Nellore Pennar Andhra Pradesh
31. Mathura Yamuna Uttar Pradesh
70. Nizamabad Godavari Telangana
32. Mirzapur Ganga Uttar Pradesh
33. Auraiya Yamuna Uttar Pradesh 71. Sangli Krishna Maharashtra
34. Etawah Yamuna Uttar Pradesh 72. Karad Krishna, Koyna Maharashtra
35. Bangalore Vrishabhavathi Karnataka 73. Hajipur Ganga Bihar
36. Farrukhabad Ganga Uttar Pradesh 74. Ujjain Shipra Madhya
37. Fatehgarh Ganga Uttar Pradesh Pradesh
38. Kannauj Ganga Uttar Pradesh

Banking Awareness
Internal Ombudsman Scheme 2018 Introduced notes, introduced post demonetisation. As per the new
For Scheduled Commercial Banks Reserve Bank of India (Note Refund) Amendment Rules,
2018, "the undivided area of the single largest piece of the
➢ The Reserve Bank of India had, in May 2015, advised note" for a damaged Rs 2000 note must be 88 square cm for
all public-sector and selected private and foreign a full refund, and 44 square cm for half refund. The Rs
banks to appoint Internal Ombudsman (IO) as an 2000 note is 109.56 square cm in dimension. For a
independent authority to review complaints that were damaged Rs 200 note, the criteria is 78 square cm for a full
partially or wholly rejected by the respective banks. refund, and 39 square cm for half refund.
➢ The IO mechanism was set up with a view to
strengthen the internal grievance redressal system of Topic 1:
banks and to ensure that the complaints of the
customers are redressed at the level of the bank itself Reserve Bank of India & its Functions
by an authority placed at the highest level of bank’s i. RBI established on April 1, 1935 under RBI Act 1934
grievance redressal mechanism so as to minimize the (recommendations of John Hilton Young
need for the customers to approach other fora for Commission 1926 – called Royal Commission on
redressal. Indian Currency & Finance), is the central bank of the
➢ RBI has reviewed the arrangement and issued revised country & was nationalized w.e.f 01st Jan 1949.
directions under Section 35 A of the Banking ii. Originally it was a shareholders’ bank which was
Regulation Act, 1949 in the form of ‘Internal taken over by the Central Govt. under Reserve Bank
Ombudsman Scheme, 2018’. The Scheme covers, inter- (Transfer of Public Ownership) Act 1948 (paid up
alia, appointment/tenure, roles and responsibilities, capital Rs. 5 cr).
procedural guidelines and oversight mechanism for iii. RBI’s central office is in Mumbai.
the IO.
➢ All Scheduled Commercial Banks in India having
more than ten banking outlets (excluding Regional
Functions of RBI
Rural Banks), are required to appoint IO in their Issuance of currency: RBI is the authority in India to
banks. The IO shall, inter alia, examine customer issue currency notes (called bank notes) under
complaints which are in the nature of deficiency in signatures of Governor. (One rupee note called
service on the part of the bank, (including those on the currency note is issued by the Central Govt. & signed
grounds of complaints listed in Clause 8 of the by Finance Secretary). The stock of currency is
Banking Ombudsman Scheme, 2006) that are partly or distributed with the help of currency chests spread all
wholly rejected by the bank. The implementation of IO over the country.
Scheme, 2018 will be monitored by the bank’s internal Banker to Govt.: RBI transacts govt. business &
audit mechanism apart from regulatory oversight by manages public debt. SBI or any other bank is
RBI. appointed Agent where RBI does not have office. It
provides Ways & Means advances to Govt.
21 Banking Ombudsman centres: Bankers’ bank: It keeps a part of deposits of
➢ Currently, there are 21 Banking Ombudsman centres commercial banks (as CRR) & acts as lender of last
operating in the country. The 21 centres are located in resort by providing financial assistance to banks. It
different cities viz. Ahmedabad, Bengaluru, Bhopal, provides export credit refinance, Liquidity Adjustment
Bhubaneswar, Chandigarh, Chennai, Guwahati, Facility & MSF.
Hyderabad, Jaipur, Kanpur, Kolkata, Mumbai (I), Controller of Banks: An controller of banks by
Mumbai (II), New Delhi (I), New Delhi (II), Patna, including the banks in 2nd Schedule of the Act. It issues
Thiruvananthapuram, Dehradun, Ranchi, Raipur, and directions, carries inspection (on-site as well as off-site)
Jammu. & exercises management control.
Controller of credit: RBI can fix interest rates
RBI Notifies Amended Note Refund Rules (including Bank Rate) & exercise selective credit
controls. Various tools such as change in cash reserve
RBI released new guidelines through a gazette notification ratio, stipulation of margin on securities, directed credit
for all notes which were introduced post note ban, or notes guidelines etc. are used for this purpose. It also carries
which were introduced as part of the Mahatma Gandhi sale & purchase of securities which are known as open
New Series. With this, the RBI has ended the lack of market operations.
clarity over the exchange of the Rs 2000 or Rs 200 currency
Maintenance of external value: RBI is responsible also SLR Rate: Statutory Liquidity Ratio is the amount a
for maintaining external value of Indian currency as commercial bank needs to maintain in the form of cash,
well as the internal value. Foreign exchange reserves or gold or Govt. approved securities (Bonds) before
are held by RBI & it has a wide power to regulate providing credit to its customers. It is determined as the
foreign exchange transactions under Foreign Exchange %age of total Net Demand & Time Liabilities (NDTL).
Management Act. Bank Rate: It is defined in Sec 49 of RBI Act 1934 as the
‘standard rate at which RBI is prepared to buy or
Important Facts of RBI rediscount bills of exchange or other commercial papers
RBI is not expected to perform the function of accepting eligible for purchase under this act’.
deposits from the general public. Cash Reserve Ratio: CRR refers to the ratio of bank’s
Prime lending rate is decided by the individual banks. cash reserve balances with RBI with reference to the
RBI decides the following rates namely; Bank rate, repo bank’s net demand & time liabilities to ensure the
rate, reverse repo rate & cash reserve ratio. liquidity & solvency of the scheduled banks.
The quantitative instruments of RBI are – bank rate MSF: It was introduced w.e.f. May 09, 2011, by RBI.
policy, cash reserve ratio & statutory liquidity ratio. Eligibility: Scheduled Commercial Banks having
The objective of monetary policy is to control inflation; Current Account & SGL Account with RBI. Amount:
discourage hoarding of commodities & encourage flow 1% of NDTL
of credit into neglected sector.
When RBI is lender of the last resort, it means that RBI A Brief on LAF (Liquidity Adjustment Facility)
advances credit against eligible securities. It was introduced by RBI during June, 2000 in phases,
GOI decides the quantity of coins to be minted. to ensure smooth transition & keeping pace with
The method which is used currently in India to issue technological upgradation.
currency note – minimum reserve system. For issuing Tenor: Reverse Repo auctions (for absorption of
notes, RBI is required to hold the minimum reserves of liquidity) & Repo auctions (for injection of liquidity) are
Rs. 200 crores of which note less than Rs. 115 crores is conducted on a daily basis (except Saturdays).
to be held in gold. Cap: 0.25% of NDTL w.e.f. 01.04.14.
Topic 2: Topic 3:
Policy Rates decided by the RBI Banking Regulation Act 1949|Schedule Banks|
Other Types of Banks
Current Policy rates as on 03rd January 2020
Policy Repo Rate : 5.15% a) Passed as the Banking Companies Act 1949 (came into
Reverse Repo Rate : 4.90% force wef 16.3.49 & changed to Banking Regulation Act
Bank Rate : 5.40% 1949 w.e.f. 01.03.66, it was made applicable to J & K in
Marginal Standing Facility Rate: 5.40% 1956 (and now applicable throughout India).
CRR : 4.00% b) The Act is not applicable to primary agricultural credit
SLR : 18.50% societies, cooperative land mortgage banks & non-
agricultural primary credit societies.
Lending / Deposit Rates
Base Rate: 8.45% - 9.40% SCHEDULED BANK
MCLR (Overnight) : 7.65% - 8.00%
Savings Deposit Rate : 3.25%- 3.50% a) As per Sec 2 (e) of RBI Act, a scheduled bank means a
Term Deposit Rate > 1 Year : 6.20% - 6.40% bank who is included in 2nd schedule of RBI Act 1934.
b) A scheduled bank should satisfy the conditions which
Repo Rate: Repo rate is the rate of interest which is include paid-up capital & reserves requirement of not
levied on Short-Term loans taken by commercial banks
less than Rs. 5 lac, satisfaction of RBI that the affairs
from RBI. Whenever the banks have any shortage of will not be conducted by the bank in a way to
funds they can borrow it from RBI. jeopardize the interests of the depositor. (Commercial,
Reverse Repo Rate: This is exact opposite of Repo rate.
Rural & many State Coop Banks are classified as
Reverse repo rate is the rate at which commercial banks
Scheduled Banks).
charge on their surplus funds with RBI. RBI uses this
c) A bank that is not included in the 2nd Schedule of RBI is
tool when it feels there is too much money floating in
called Non-scheduled Bank.
the banking system.

Total No. of Banks (As per IBA Website) b) For all term deposits other than (i) above, banks can
Total PSBs: 18 offer deposits without the option of premature
Total Private Sector Banks: 25 withdrawal as well.
Total Payments Banks and Small Finance Banks: 14
Regional Rural Banks: 39 Taxation of Savings Bank Interest rates: : Interest
Foreign Banks: 46 (According to RBI website) earned on savings bank accounts is not subject to Tax
State Co-operative Banks: 33(According to RBI website) Deduction at Source. It is exempt upto Rs. 10,000 in a
year.
Topic 4:
What are the different types of accounts that What are Inoperative & Dormant Accounts?
can be opened in a Bank? RBI clarified on 30.10.09 that SB account can be treated
a) Savings Bank Account as inoperative account only after 2 years from the date
b) Current Deposit Account of the last credit entry of interest on Fixed Deposit
c) Fixed Deposit Account
account, where FD interest is being credited to SB
d) Recurring Deposit a/c
Savings Bank Account: The rate of interest on savings account or where dividend on shares is being credited).
bank account varies from bank to bank & also changes
from time to time. Interest rate is paid to the account Miscellaneous Terms related to the Deposits
holders on daily balance basis.
Current Deposit Account: Unclaimed Deposits: The banks are to furnish to RBI a
a) This account is mainly for big businessmen, companies statutory annual return (penalty for delay) for
& institutions, since there are no restrictions on number
unclaimed accounts which have not been operated for a
of withdrawals from this type of account. From this
withdrawal can be made any number of times. period of 10 years or more in December every year u/s
b) For the convenience of the account holders banks also 26 of RBI Act.
allow withdrawal of amounts in excess of the balance Demand liabilities: Current deposits, Demand
of deposit. This facility is known as overdraft facility. liabilities portion of saving deposits, margins held
Fixed Deposit Account (also Term Deposit Account):
against LC/LG, Balances in overdue FD, cash certificate
Money is deposited in a fixed deposit account to earn
interest at a higher rate. & RD, Outstanding TTs, MTs & DDs, Unclaimed
Recurring Deposit Account: The rate of interest deposits, Credit balance in CC a/c & Deposits held as
allowed on the deposits in this account is higher than security for loan payable on demand.
that on a savings bank deposit but lower than the rate Time liabilities: FDs, cash certificate, cumulative &
allowed on a fixed deposit for the same period.
RDs, time liabilities portion of saving bank deposits,
Note:
a) Minimum age to open a bank account is now 10 years. staff security deposits, margins against LC not payable
b) Maximum Interest rate is given on FD A/c. on demand, deposit held as securities for advances &
c) The maximum period of an FD is 10 years & for RD is 10 India Dev Bonds.
years.
Important points related to Interest Rates on Topic 5: Negotiable Instrument Act and
Bank Accounts {Differential rate of interest Cheques
(DRI)}
In India the Negotiable Instruments Act was passed
Interest on Savings A/c is calculated on daily balance during 1881 which came into force wef March 01, 1882.
basis.
CHEQUE: A cheque is (a) a bill of exchange (b) drawn
Now, All SCBs (Excluding RRBs) have the discretion to
offer differential interest rates based on whether the on a specified bank & (c) not expressed to be payable
term deposits are with or without-premature- otherwise than on demand. It includes electronic image
withdrawal-facility, subject to the following guidelines: of a truncated cheque & also an electronic cheque.
a) All term deposits of individuals (held singly or jointly) AMOUNT OF A CHEQUE: Where amount of a cheque
of Rs.15 lakh & below should, necessarily, have
differs in words & figures, as per Section 18, amount
premature withdrawal facility.
written in words should be paid irrespective of the fact,
which amount is less or more.
What are the Types of Cheque? Endorsement in full: If an endorser signs his name &
1. Bearer Cheque or open Cheque: When the words "or adds a direction to pay the amount mentioned in the
bearer" appearing on the face of the cheque are not instrument to, or to order of, a specified person, the
cancelled, the cheque is called a bearer cheque. The endorsement is said to be in full. Blank endorsements
bearer cheque is payable to the person specified therein can be converted into full.
or to any other else who presents it to the bank for Restrictive endorsement: Where an endorsement
payment. prohibits & restricts further negotiability of the
2. Order Cheque: When the word "bearer" appearing on instrument, it is called restricted endorsement. The
the face of a cheque is cancelled & when in its place the words ‘Pay to Ashish only’ or ‘Pay to Ashish for my
word "or order" is written on the face of the cheque, the use’ or ‘Pay to Ashish for account of B’, are the cases of
cheque is called an order cheque. Such a cheque is restrictive endorsement.
payable to the person specified therein as the payee, or
to any one else to whom it is endorsed (transferred). A Brief on Crossing of a Cheque
3. Crossed Cheque: Crossing of cheque means drawing Crossing of a cheque means two parallel transverse
two parallel lines on the face of the cheque with or lines on the face with or without words, such as ‘& Co’,
without additional words like " & CO." or "Account ‘not-negotiable’, ‘payee’s account only’ etc. The words
Payee" or "Not Negotiable". A crossed cheque cannot without lines will not constitute crossing. Such
be encashed at the cash counter of a bank but it can instruments should not be paid as drawer’s mandate is
only be credited to the payee's account. not clear.
4. Ante-Dated Cheque: If a cheque bears a date earlier Crossing is applicable in case of cheques & demand
than the date on which it is presented to the bank, it is draft only & does not cover BOE or promissory note.
called as "ante-dated cheque". Such a cheque is valid
upto 3 months from the date of the cheque. What are the Types of Crossing?
5. Post-Dated Cheque: If a cheque bears a date which is General crossing (sec 123): General crossing is where a
yet to come (future date) then it is known as post-dated cheque bears across its face two parallel transverse lines
cheque. It cannot be honoured earlier than the date on (with or without words such as “& co” or any
the cheque. abbreviation. (Words not important, lines are).
6. Stale Cheque: If a cheque is presented for payment Special crossing (sec 124): Where a cheque bears across
after 3 months from the date of the cheque it is called its face, name of bank, either with or without the words
stale cheque. A stale cheque is not honoured by the not-negotiable (lines are not important, the addition of
bank. name of the bank is important), that addition shall be
7. A self-cheque: It is written by the account holder as pay deemed as special crossing & the cheque be considered
self to receive the money in the physical form from the to be crossed specially to banker.
branch where he holds his account. Special Crossing in favour more than one bank: As
8. “A truncated cheque” means a cheque which is per Section 127, if a cheque is crossed specially to more
truncated during the course of a clearing cycle, either than one bank (unless one bank is acting as collecting
by the clearing house or by the bank whether paying agent to another), the payment shall be refused. A
or receiving payment, immediately on generation cheque crossed to two or more branches of the same
of an electronic image for transmission. bank is considered to be crossed to one bank only.
The expression “clearing house” means the clearing Not negotiable crossing: As per Section 130, a person
house managed by the RBI or a clearing house taking a cheque crossed generally or specially bearing
recognised as such by the RBI.’ the words ‘not negotiable’ shall not have not be capable
of giving a better title to the cheque than that, which
The Parties of a Cheque ther p erson from whom he took it, had.
There are three parties to the cheque
Drawer or Maker Demand Drafts
Demand draft is defined as per Section 85 (a) of NI Act
The bank - on whom the cheque is drawn (i.e. the bank
with whom the account is maintained by the drawer) 1881 as an order to pay money drawn by one office of a
bank upon another office of the same bank for a sum of
Payee – Payee is the person whose name is mentioned
on the chequeto whom or to whose order the money is money payable to order on demand.
directed to be paid. It is payable to order on demand (85-A NI Act). It
cannot be issued as payable to bearer (Sec. 31 RBI Act).
ENDORSEMENT: As per Section 15, endorsing means
If a bank fails to honour a bank draft, it renders itself
signing on the face or backside of an instrument (or
liable for damages. Similarly, omission of signatures or
even on a paper called Allonge or stamped paper), for
the purpose of negotiating (transferring to next person) wrong signatures can also make the bank liable.
a negotiable instrument. By prior arrangement, the paying bank could be a
different bank also.
Topic 6: Business Correspondent
Financial Inclusion and the initiatives BCs are bank representatives. They personally go to area
launched to achieve it allotted to them & carry out banking. They help villagers
Financial inclusion involves to open bank accounts, in banking transactions etc.
1) Give formal banking services to poor people in urban & Business Correspondents get commission from bank for
rural areas. every new account opened, every transaction made via
2) Promote habit of money-savings, insurance, pension- them, every loan-application processed etc.
investment among poor-people.
3) Help them get loans at reasonable rates from normal Topic 7:
banks. So. they don’t become victims in the hands of local
moneylender. All about the Priority Sector Lending Norms
Some Important initiatives for Financial Inclusion It means provide credit to the needy sectors of the society.
Lead banking scheme (LBS). The sectors are:
No frills account.
• Agriculture • Micro & Small Enterprises
BSBDA
Business Correspondents (BC) system. • Education • Housing
Swabhiman Campaign • Export • Weaker Sections
PMJDY • Social Infrastructure • Renewable Energy
Lead Bank Scheme

Targets under PSL
Lead Bank Scheme, introduced towards the end of 1969, Agriculture: 18% of ANBC (Adjusted Net Bank Credit).
envisages assignment of lead roles to individual banks Out of this 18%, a target of 8% of ANBC is for Small &
(both in public sector & private sector) for the districts
Marginal Farmers, to be achieved in a phased manner i.e.,
allotted to them.
A bank having a relatively large network of branches in 7% by March 2016 & 8% by March 2017.
the rural areas of a given district & endowed with Weaker Sections: 10 % of ANBC.
adequate financial & manpower resources has generally Micro Enterprises: 7.5% of ANBC has been prescribed
been entrusted with the lead responsibility for that for Micro Enterprises, to be achieved in a phased manner
district. Accordingly, all the districts in the country have i.e. 7% by March 2016 & 7.5% by March 2017.
been allotted to various banks.
The lead bank acts as a leader for coordinating the efforts Overall PSL Target for Domestic Bank/Foreign Bank with
of all credit institutions in the allotted districts. more than 20 Branches: 40% of ANBC.
No Frill Account Overall PSL Target for Foreign Bank with less than 20
'No Frills 'account is a basic banking account. Such Branches: 40% of ANBC to be achieved in phased manner
account requires either nil minimum balance or very low
minimum balance. Charges applicable to such accounts 2017-18 36
are low. 2018-19 38
The RBI in 2005-06 called upon Indian banks to design a 2019-20 40
‘no frills account’ – a no precondition, low ‘minimum
balance maintenance’ account with simplified KYC (Know Categorization of MSME according to MSME
Your Customer) norms. ACT 2006
But all the existing ‘No-frills’ accounts opened were
converted into BSBDA in compliance with the guidelines Manufacturing Sector (Goods)
issued by RBI in 2012. ➢ The government has given a new turnover based
classification of MSMEs in February 2018. As per this new
What is BSBDA (Basic Savings and Bank Deposit A/c)? classification, the MSMEs are categorized in term of
In 2012, RBI introduced BSBDA. Some important points are: business turnover. This is in place of the previous
This account shall not have the requirement of any classification based on investment made in plant and
minimum balance. machineries if they are operating in the manufacturing
The services available in the account will include: deposit sector and investment in equipment for service sector
& withdrawal of cash at bank branch as well as ATMs; companies. As per the new classification, the same
receipt/credit of money through electronic payment turnover based criteria have been applied for all type of
channels or by means of deposit/collection of cheques MSMEs including those operating in the services sector.
drawn by Central/State Govt. agencies & departments;
➢ Though the primary responsibility of promotion and
While there will be no limit on the number of deposits
development of MSMEs is of the State Governments, the
that can be made in a month, account holders will be
center has passed an Act in 2006 to empower the sector
allowed a maximum of four withdrawals in a month,
including ATM withdrawals. and also has formed a Ministry (Ministry of MSMEs). It
Facility of ATM card or ATM-cum-Debit Card. was the Micro, Small and Medium Enterprises

Development (MSMED) Act which was notified in 2006 Monitoring of Priority Sector Lending targets
that defined the three tier of micro, small and medium To ensure continuous flow of credit to priority sector,
enterprises and set investment limits. The new turnover there will be more frequent monitoring of priority sector
criteria will better suit with the GST Network (GSTN) and lending compliance of banks on ‘quarterly’ basis instead
other formats of segregating the MSMEs.
of annual basis as of now.
The new turnover based classification of MSMEs Non-achievement of Priority Sector targets
The Micro, Small and Medium Enterprises Development Scheduled Commercial Banks having any shortfall in
(MSMED) Act, 2006 will accordingly be amended to lending to priority sector shall be allocated amounts for
define units producing goods and rendering services in contribution to RIDF established with NABARD & other
terms of annual turnover as follows: Funds with NABARD/NHB/SIDBI, as decided by the
A micro enterprise will be defined as a unit where the Reserve Bank from time to time.
annual turnover does not exceed Rs 5 crores; The interest rates on banks’ contribution to RIDF or any
A small enterprise will be defined as a unit where the
other Funds, tenure of deposits, etc. shall be fixed by
annual turnover is more than Rs 5 crore but does not
Reserve Bank of India from time to time.
exceed Rs 75 crore;
A medium enterprise will be defined as a unit where the
annual turnover is more than Rs 75 crore rupees but RBI revises priority sector lending norms for
does not exceed Rs 250 crore. RRBs
Additionally, the Central Government may, by
notification, vary turnover limits, which shall not exceed Salient features of the guidelines:-
thrice the limits specified in Section 7 of the MSMED Act. Targets: 75% of total outstanding to the sectors eligible
for classification as priority sector lending.
Table: Classification of MSMEs- Categories of the Priority Sector: Medium Enterprises,
Social Infrastructure & Renewable Energy will form part
of the Priority Sector, in addition to the existing
categories, with a cap of 15% of total outstanding.
Agriculture: 18% of total outstanding should be
advanced to activities mentioned under Agriculture.
Small & Marginal Farmers: A target of 8% of total
outstanding has been prescribed for Small & Marginal
Farmers within Agriculture.
Other Targets under PSL Micro Enterprises: A target of 7.5 % of total outstanding
Farmers with landholding of up to 1 hectare are has been prescribed for Micro Enterprises.
considered as Marginal Farmers. Farmers with a Weaker Sectors: A target of 15 % of total outstanding
landholding of more than 1 hectare & upto 2 hectares are has been prescribed for Weaker Sections.
considered as Small Farmers. Monitoring: Priority Sector Lending will be monitored on
SCB having any shortfall in lending to priority sector shall
a quarterly as well as annual basis.
be allocated amounts for contribution to Rural
Infrastructure Development Fund with NABARD. Note: The revised guidelines will be operational with effect
For Renewable Energy, bank loans up to a limit of Rs.15 from Jan 2016.
crore to borrowers for purposes like solar based power
generators, etc. For individual households, the loan limit Priority Sector Lending Certificates (PSLCs)
will be Rs.10 lakh per borrower. These are a mechanism to enable banks to achieve the
Export credit will be allowed up to 32% of ANBC for priority sector lending target & sub-targets by purchase
Foreign banks with less than 20 branches in India. of these instruments in the event of shortfall. This also
For Education, banks can provide loans to individuals for incentivizes surplus banks as it allows them to sell their
educational purposes including vocational courses excess achievement over targets thereby enhancing
uptoRs. 10 lakh for studies in India & Rs. 20 lakh for lending to the categories under priority sector.
studies abroad. All PSLCs will be valid till March 31st & will expire on
Limits under Social infrastructure Bank loans up to a April 1st.
limit of Rs.5 crore per borrower for building social There are only four eligible categories of PSLCs i.e. PSLC
infrastructure for activities namely schools, health care General, PSLC Small & Marginal Farmer, PSLC Agriculture
facilities, drinking water facilities & sanitation facilities in & PSLC Micro Enterprises.
Tier II to Tier VI centres.
Topic 8: CALL/NOTICE MONEY MARKET OPERATIONS
Financial Market| Important Points on Money Under call money market, funds are transacted on
overnight basis & under notice money market, for 2 days
Market, Capital Market & their Instruments
to 14 days.
Participants include banks (excluding RRBs) & Primary
MONEY MARKET Dealers (PDs), both as borrowers & lenders. Non-bank
It is a market for short-term debt securities, such as institutions are not permitted in the call/notice money
commercial paper, repos, negotiable certificates of market with effect from August 6, 2005.
deposit, & Treasury Bills with a maturity of one year or Calculation of interest payable is based on FIMMDA’s
less. (Fixed Income Money Market & Derivatives Association of
India) Handbook of Market Practices.
CAPITAL MARKETS IN INDIA
INSTRUMENT OF GOVT. BORROWING
It is the market for long term funds. It refers to all the
To meet the temporary receipt & expenditure mismatch,
facilities & institutional arrangements for borrowing &
govt. obtains over draft from RBI under Ways & Means
lending medium & long term funds.
Advances. For short term liquidity, it issues cash
management bills, treasury bills of 91 days, 182 days &
Money Market VS Capital Market 364 days maturity. For long term funds, it uses dated
securities in the form of bonds/long term loans.
Money Market Capital Market
Market for short term Market for long term TREASURY BILLS
financial assets financial assets These are the instruments (in the form of promissory
Maturity period less than Maturity period beyond notes) of short term borrowing by the Central govt., first
one year one year issued in India in 1917.
Deals over the counter Deals at stock exchange TBs can be purchased by any one (including individuals)
No. of players limited No. of players unlimited except State govt.
Regulated by RBI Regulated by SEBI Minimum amount of face value Rs. 25000 & in multiples
thereof.
Maturity: 91 days, 182 days & 364 days.
Major money market Instruments Treasury bills are zero coupon securities. They are
Certificate of Deposit (CD) issued at a discount & redeemed at face value at maturity.
Commercial Paper (CP)
Inter Bank Participation Certificates Cash Management Bills (CMB)
Inter Bank term Money CMB introduced on 11.08.11, is a short-term security to
Treasury Bills be sold by Govt. of India to raise temporary money for
Bill Rediscounting cash management needs.
Call/Notice Money The tenure is less than 91 days but the notified
amount & date of issue depends upon the temporary
Terms relating to Money Market cash requirement of the Govt.
It is issued at discount to the face value through
auctions, as in the case of the Treasury Bills.
Call Money Money lent or borrowed for one day
Notice Money lent or borrowed for a period
DATED SECURITIES
Money of 2-14 days.
These are long term securities & carry a fixed or
Term Money Money lent or borrowed for 15
floating coupon (interest rate) paid on the face value,
daysto 1 year.
payable at fixed time periods (half-yearly).
Yield to Expected rate of return on an existing The tenor of dated securities can be up to 40 years.
maturity security purchased for the market. Public Debt Office of RBI acts as the
Coupon Rate Specified interest rate on a fixed registry/depository of Govt. securities & deals with the
maturity security fixed at the time of issue, interest payment & repaymentof principal at
issue. maturity.
WAYS & MEANS ADVANCES (WMAs) Collateralised Borrowing & Lending Obligation
WMAs were introduced as per an agreement between RBI (CBLO)
& Govt.
CBLO, an RBI approved money market instrument, is
WMAs are temporary overdrafts by RBI to govt. (Central
& State) under Section 17(5) of RBI Act. WMSs replaced developed by CCIL for the benefit of the entities phased
the earlier ad hoc T-Bills system. out from interbank call money market or given restricted
WMAs bridge the time interval of mismatch between participation in terms of ceiling on call borrowing &
govt. expenditure & receipts. lending transactions & who do not have access to the call
Duration: 10 consecutive working days for Central Govt. money market.
& 14 days for State Govt. It is a discounted instrument available in electronic book
entry form for the maturity period ranging from 7 days to
OTHER MONEY MARKET INSTRUMENTS 90 Days (can be up to one year as per RBI guidelines).
CERTIFICATE OF DEPOSIT MERCHANT BANKING

This scheme was introduced in July 1989, to enable the Merchant banking stands for providing various services
banking system to mobilize bulk deposits from the relation to capital market & financing the corporate sector.
market, which they can attract at competitive rates of The Merchant Bankers provide consultancy to the corporate
interest. sector on the issues like finance, capital structure &
investment, mergers, takeover & amalgamations,
Who can Scheduled commercial banks (except RRBs) & establishing coordination between the Govt. & the corporate
issue All India Financial Institutions within their sector.
‘Umbrella limit’.
CRR/SLR Applicable on the issue price in case of banks CAPITAL MARKETS IN INDIA
Investors Individuals (other than minor), corporations, a) It refers to all the facilities & institutional arrangements
companies, trusts, funds, associations etc.
for borrowing & lendingmedium & long-term funds.
Maturity Min: 7 days, Max : 12 Months (in case of FIs
b) It is segregated into (i) gilt edged market & (ii) the
minimum 1 year & maximum 3 years).
industrial securities market.
Amount Min: Rs. 1 lac, beyond which in multiple of Rs.
c) The gilt edged marketrefers to the market for govt. &
1 lac
semi-govt. securities which are traded in the market in
Int. Rate Market related. Fixed or floating
stable value & are sought after by banks & other
Loan Against collateral of CD not permitted
Nature Usance Promissory note. Can be issued in institutions.
Dematerialisation form only wef June 30, 2002 d) The industrial securities market refers to the market
for shares & debentures of old as well as new
COMMERCIAL PAPER companies. This market is further divided as primary
market & secondary market.
i. CP introduced during 1990, is a short term money market The primary market refers to the setup which helps the
instrument issued as an unsecured usance promissory industry to raise funds by issuing different types of
note & privately placed. securities, which are issued directly to the investors, both
ii. Who can issue Commercial paper (CP): Companies,
individual & institutions.
primary dealers (PDs) & all-India financial institutions
The secondary market refers to the network for
(FIs).
subsequent sale & purchase of securities, after these are
iii. A company is eligible to issue CP if:
issued.
(a) Its tangible net worth, as per latest audited balance
sheet, is not less than Rs. 4 crore.
(b) Sanctioned working capital limit by bank/s or all-India INDIAN DEPOSITORY RECEIPTS (IDRs)
financial institution/s; IDR is an instrument in the form of a Depository Receipt
(c) The borrower accounts are classified as a Standard Asset created by the Indian depository in India against the
by financing bank/s/ institution/s & ‘ underlying equity shares of the issuing company. In an IDR,
(d) Minimum credit rating from SEBI approved credit rating foreign companies would issue shares, to an Indian
agency (CRA) is A3. companies would issue shares, to an Indian Depository
iv. Maturity: Min 7 days & max upto one year which would in turn issue depository receipts to investors in
v. Amount: Min Rs. 5 lakh or multiples thereof.
India.
Topic 9: The Act provides for the manner for enforcement of
All about the DICGC security interests by a secured creditor without the
intervention of a court or tribunal.
(Deposit Insurance & Credit Guarantee If any borrower fails to discharge his liability in
Corporation of India) repayment of any secured debt within 60 days of notice
from the date of notice by the secured creditor, the
1. Which banks are insured by the DICGC? secured creditor is conferred with powers under the
All commercial banks including branches of foreign banks SARFAESI Act to
functioning in India, local area banks & regional rural a) Takes possession of the secured assets of the borrower,
banks are insured by the DICGC. including transfer by way of lease, assignment or sale, for
2. What does the DICGC insure? realizing the secured assets
It insures all deposits such as savings, fixed, current, b) Takeover of the management of the business of the
recurring, etc. except the following types of deposits. borrower including the right to transferby way of lease,
(i) Deposits of foreign Govt.s; assignment or sale for realizing the secured assets,
(ii) Deposits of Central/State Govt.s; c) Appoint any person to manage the secured assets
(iii) Inter-bank deposits; possession of which is taken by thesecured creditor, and
(iv) Deposits of the State Land Development Banks with the d) Require any person, who has acquired any of the secured
State co-operative bank; assets from the borrower andfrom whom money is due to
(v) Any amount due on account of any deposit received the borrower, to pay the secured creditor so much of the
outside India money as if sufficient to pay the secured debt.
(vi) Any amount, which has been specifically exempted by
the corporation with the previous approval of Reserve The assets portfolio of the banks is required to be
Bank of India. classified as
3. What is the maximum deposit amount insured by the
(1) Standard assets (2) sub-standard assets
DICGC?
(3) Doubtful assets (4) loss assets.
Each depositor in a bank is insured upto a maximum of
Standard asset is one that does not disclose any problems
Rs.1,00,000 for both principal & interest amount held by
& which does not carry more than normal risk attached to
him in the same capacity.
the business.
4. HQ: Mumbai Chairman: B.P.Kanungo
An asset which has been classified as NPA for a period not
exceeding 12 months is considered as sub-standard asset.
Topic 10: NPAs & SARFAESI Act Doubtful asset is one which has remained NPA for a
period exceeding 12 months.
It means once the borrower has failed to make interest or
An asset which is considered uncollectible & loss has
principal payments for 90 days, the loan is considered to be a
been identified by the bank or internal or external
non-performing asset.
auditors or the RBI inspection & the loss has not been
written off is regarded as loss asset.
Criteria for classification of loan as NPA
What is pledge: U/s 172 of Indian Contracts Act, pledge is
bailment (delivery) of goods as security for payment of a
Farm Credit within Agriculture loans: A loan will be loan. Only goods (movable assets excluding actionable claims
treated as an NPA if installment of the principal or interest (Sec 2(7) of Sales of Goods Act) can be pledged.
remains unpaid beyond the due date for (a) two crop
seasons in case of short duration crops (maturing within one Topic 11: A Brief on ATMs in India
year) & (b) one crop season for long duration crops
(maturing after one year). This would also be applicable, 1. What is an Automated Teller Machine (ATM)?
mutatis mutandis, to agricultural term loans. In other A. Automated Teller Machine is a computerized machine
agriculture loans, the 90 days norm would be applicable. that provides the customers of banks the facility of
accessing their account for dispensing cash & to carry
SARFAESI Act & Rules out other financial & non-financial transactions
without the need to actually visit their bank branch.
SARFAESI Act (The Securitization & Reconstruction of
Financial Assets & Enforcement of Security Interest Act, 2. What is White Label ATMs (WLAs)?
A. ATMs set up, owned & operated by non-banks are
2002) was enacted to regulate securitization &
called White Label ATMs. Non-bank ATM operators
reconstruction of financial assets & enforcement of
are authorized under Payment & Settlement Systems
security interest created in respect of Financial Assets to Act, 2007 by the Reserve Bank of India.
enable realization of such assets.

3. Is there any time limit for the card issuing banks for Mismatched note: means a mutilated note which has
recrediting the customer’s account for a failed been formed by joining a half note of any one note to a
ATM/WLA transaction? half note of another note.
A. As per the RBI instructions, banks have been Soiled note: means a note which, has become dirty due to
mandated to resolve customer complaints by re- usage and also includes a two piece note pasted together
crediting the customer’s account within 7 working wherein both the pieces presented belong to the same
days from the date of complaint. note, and form the entire note.
4. Are the customers eligible for compensation for Pre-2005 series Banknotes
delays beyond 7 working days?
A. Yes. Effective from July 1, 2011, banks have to pay The banknotes issued before 2005 MG series are called pre-
compensation of Rs. 100/- per day for delays in re- 2005 series banknotes, which do not have the year of
crediting the amount beyond 7 working days from the printing on the reverse side. On Jan 23, 2014, RBI decided to
date of receipt of complaint for failed ATM withdraw, from circulation, these notes as they have fewer
transactions. The compensation has to be credited to security features.
the account of the customer without any claim being 1. These notes shall continue to be legal tender. The notes
made by the customer. If the complaint is not lodged are only being withdrawn from circulation.
within 30 days of transaction, the customer is not 2. These notes can be exchanged at select bank branch till
entitled for any compensation for delay in resolving 30.06.16.
his / her complaint. Currency Quick Facts
Den. Letter Colour Motif Dimension
10 - Chocolate Sun Temple, 63 mm
Topic 12:
Brown Konark x123 mm
Currency System in India 20 - Greenish Ellora Caves 63 mm
yellow x129 mm
Money as a means of payment consists of coins, paper 50 - Fluorescent Hampi 66 mm
money & withdrawable bank deposits. Blue with x135 mm
Legal tender: As per provisions of coinage Act 1906, Chariot
bank notes, currency notes & coins (Rs. 1 & above) are 200 H Bright Sanchi 66 mm
legal tender for unlimited amount. The subsidiary coins Yellow Stupa ×146 mm
(below Re 1) are legal tenders for sum not exceeding Re 500 - Stone Grey Red Fort 66mm
1. Issue of 1, 2 & 3 paise coins discontinued wef Sep 16, x150mm
1981. 2000 - Magenta Mangalyaan 66mm
Currency chests are operated by RBI so that they can x166mm
provide good quality currency notes to the public.
However, RBI has appointed commercial banks to open & Topic 13:
monitor currency chests on behalf of RBI. The cash kept A close look at the Prompt Corrective Action (PCA)
in currency chests is considered to be kept in RBI.
To ensure that banks don't go bust, RBI has put in place
The bank branches are also authorised to establish some trigger points to assess, monitor, control & take
Small Coin Depots to stock small coins. The Small Coin corrective actions on banks which are weak & troubled. The
Depots also distribute small coins to other bank branches process or mechanism under which such actions are taken is
in their area of operation. known as Prompt Corrective Action, or PCA.
What are soiled, mutilated & imperfect banknotes? What is PCA as per RBI? All Misconceptions Cleared
Government note: means any note issued by Central RBI clarified that the PCA framework is not intended to
Government or supplied by the Central Government to constrain normal operations of the banks for the general
the Bank and issued by the Bank, provided the liability for public.
the payment of the value in respect of such note has Under RBI's supervisory framework, it uses various
devolved on and been taken over by the Bank. measures/tools to maintain sound financial health of
Imperfect Note: means any note, which is wholly or banks. PCA framework is one of such supervisory tools.
partially, obliterated, shrunk, washed, altered or It involves monitoring of certain performance indicators
indecipherable but does not include a mutilated note. of the banks as an early warning exercise & is initiated
Mutilated note: means a note of which a portion is once such thresholds as relating to capital, asset quality
missing or which is composed of more than two pieces. etc. are breached.

Its objective is to facilitate the banks to take corrective A Brief on BHIM
measures including those prescribed by the Reserve Bharat Interface for Money is an app that lets you make
Bank, in a timely manner, in order to restore their simple, easy & quick payment transactions using Unified
Payments Interface (UPI). This can be done using just
financial health.
Mobile number or Virtual Payment Address (VPA).
It provides an opportunity to the Reserve Bank to pay Currently it is available in 16 languages (as on October
focussed attention on such banks by engaging with the 2019).
management more closely in those areas. Virtual Payment Address (VPA) is a unique identifier
The PCA framework is, thus, intended to encourage banks which you can use to send & receive money on UPI.
to eschew certain riskier activities & focus on conserving With BHIM, you can' t pay more than Rs. 20
capital so that their balance sheets can become stronger. thousand in a transaction.
Daily limit for BHIM app transaction is Rs. 40,000.
Salient Features of revised PCA Framework for Banks A Brief on UPI- 2016
Unified Payments Interface is an instant payment system
A. Capital, asset quality & profitability continue to be the key developed by NPCI. UPI is built over the IMPS
areas for monitoring in the revised framework. infrastructure & allows you to instantly transfer money
B. Indicators to be tracked for Capital, asset quality & between any two parties' bank accounts.
profitability would be: UPI-PIN is a 4-6 digit pass code you create/set during first
time registration with this App.
a) CRAR/ Common Equity Tier I ratio: CET ratio – the
The upper limit per UPI transaction is Rs. 1 Lakh.
percentage of core equity capital, net of regulatory
adjustments, to total risk weighted assets as defined in Immediate Payment Service (IMPS): It was launched in
RBI Basel III guidelines 2010. IMPS offers an instant, 24X7, interbank electronic fund
b) Net NPA ratio: NNPA ratio – the percentage of net NPAs transfer service through mobile phones.
to net advances
Overview of *99# Service: *99# service launched by NPCI,
c) Return on Assets: ROA – the percentage of profit after tax
which works on Unstructured Supplementary Service Data
to average total assets (USSD) channel. This service was launched in 2014. Banking
C. Leverage would be monitored additionally as part of the customers can avail the service by dialing *99#, a “Common
PCA framework. number across all Telecom Service Providers (TSPs)” on
D. Breach of any risk threshold (as detailed under) would their mobile phone & transact through an interactive menu
result in invocation of PCA. displayed on the mobile screen.
E. The PCA framework would apply without exception to all
Overview of *99*99# Service: *99*99# is a USSD
banks operating in India including small banks & foreign
(Unstructured Supplementary Service Data) based value
banks operating through branches or subsidiaries based added service from NPCI that facilitates the customers to
on breach of risk thresholds of identified indicators. check the status of his/her Aadhaar number seeding/linking
F. A bank will be placed under PCA framework based on the in the bank account. The service works across all GSM
audited Annual Financial Results & the Supervisory service providers & brings together the diverse ecosystem
Assessment made by RBI. partners such as Banks & TSPs (Telecom Service Providers).
MMID: MMID stands for Mobile Money Identifier. MMID is a

Topic 14: 7-digit code issued by the bank to their customers for
All about the Products of NPCI availing IMPS.
A Brief on QSAM: *99*99# service, is alternatively known as

A Brief on NPCI: National Payments Corporation of India
QSAM (Query Service on Aadhaar Mapper). Using this
(NPCI) is an umbrella organization for all retail payments service, a person can check the Aadhaar seeding/linking
system in India. It was incorporated in December 2008 & status in his/her bank account.
the Certificate of Commencement of Business was issued
in April 2009. The authorized capital was pegged at Rs A Brief on NACH
300 crore & paid up capital was Rs 100 crore. NPCI implemented “National Automated Clearing House
Biswamohan Mahapatra| Non Executive Chairman, (NACH)” for Banks, Financial Institutions, Corporates &
Dilip Asbe- MD & CEO Govt., is a web based solution to facilitate interbank, high
Deepak Kumar- Chief General Manager-in-charge, volume, electronic transactions which are repetitive &
Department of Information Technology (RBI periodic in nature.
Nominee Director)
NACH System can be used for making bulk transactions Topic 16:
towards distribution of subsidies, dividends, interest, Payments Banks & its Headquarters
salary, pension etc. for bulk transactions towards
collection of payments pertaining to telephone, The objective is to further financial inclusion by providing
electricity, water, loans, investments in mutual funds, (i) small savings accounts (ii) payments/remittance
insurance premium etc. services to migrant labour workforce, low income
NACH’s Aadhaar Payment Bridge (APB) System, households, small businesses, other unorganised sector
developed by NPCI has been helping the Govt. & Govt. entities & other users.
Agencies in making the Direct Benefit Transfer scheme a Scope of activities: Acceptance of demand deposits. It
success. will initially be restricted to holding a maximum balance
BBPS: Bharat Bill Payment System (BBPS) will function of Rs. 100,000 per individual customer.
as a tiered structure for operating the bill payment It cannot undertake lending activities. Apart from
system in the country under a single brand image. NPCI amounts maintained as CRR on its outside demand & time
will function as the authorized Bharat Bill Payment liabilities, it will be required to invest minimum 75% of
Central Unit (BBPCU), which will be responsible for its "demand deposit balances" in SLR eligible. The
setting business standards, rules & procedures for minimum paid-up equity capital shall be Rs. 100
technical & business requirements for all the participants. crore.
The promoter's minimum initial contribution to the paid-
up equity capital of such payments bank shall at least be
Topic 15: 40 % for the first five years from the commencement of
Small Finance Banks & its Headquarters its business.
The objective is to further financial inclusion by (a)
provision of savings vehicles, (b) supply of credit to small Headquarters of the Payment Banks
business units; small & marginal farmers; micro & small
Aditya Birla Nuvo Limited- Mumbai (Operation Closed)
industries; & other unorganised sector entities, through
Airtel M Commerce Services Limited- Registered Office-
high technology-low cost operations.
New Delhi, Corporate Office- Gurugram, Haryana
It shall primarily undertake basic banking activities of
Cholamandalam Distribution Services Limited- Chennai
acceptance of deposits & lending to unserved &
Department of Posts (IPPB)- New Delhi
underserved sections including small business units, Fino PayTech Limited- Navi Mumbai
small & marginal farmers, micro & small industries & National Securities Depository Limited- Mumbai
unorganised sector entities. The minimum paid-up equity Reliance Industries- Mumbai
capital is Rs. 100 crores. Vodafone m-pesa Limited- Mumbai
The promoter's minimum initial contribution to the paid-
up equity capital of such small finance bank shall at least Topic 17: What are the Risks in Banking
be 40 % & gradually brought down to 26 % within 12
Sector?
years from the date of commencement of business of the
Banking risk can be defined as exposure to the
bank.
uncertainty of outcome. It is applicable to full-service
banks like SBI, PNB & Others.
Headquarters of the Small Finance Banks Types of bank risks
1. Credit risk 4. Market risk
Au Financiers (India) Ltd., Jaipur
2. Operational risk 5. Liquidity risk
Capital Local Area Bank Ltd., Jalandhar
3. Business risk 6. Reputational risk
Disha Microfin Private Ltd., Ahmedabad
Credit risk: It usually occurs because of inadequate
Equitas Holdings P Limited, Chennai
income or business failure. Credit risk signifies a decline
ESAF Microfinance & Investments Private Ltd., Registered in the credit assets’ values before default that arises from
Office- Chennai, Corporate Office- Thrissur (Kerala) the deterioration in a portfolio or an individual’s credit
Janalakshmi Financial Services Private Limited, quality.
Bengaluru Market risk: Basel Committee on Banking Supervision
RGVN (North East) Microfinance Limited, Guwahati defines market risk as the risk of losses in on- or off-
Suryoday Micro Finance Private Ltd., Navi Mumbai balance sheet positions that arise from movement in
Ujjivan Financial Services Private Ltd., Bengaluru market prices. Market risk is the most prominent for
Utkarsh Micro Finance Private Ltd., Varanasi banks present in investment banking.

Operational risk: Basel Committee on Banking Important Facts related to BASEL 3
Supervision defines operational risk “as the risk of loss Minimum Ratio of Total Capital To RWAs--10.50%
resulting from inadequate or failed internal processes, Minimum Ratio of Common Equity to RWAs--4.50% to
people & systems or from external events. Operational 7.00%
risk, the risk in all banking transactions Tier I capital to RWAs--6.00%
Liquidity risk: Liquidity risk is the risk of a bank not
Core Tier I capital to RWAs--5.00%
being able to have enough cash to carry out its day-to-day
Capital Conservation Buffers to RWAs--2.50%
operations.
Reputational risk—when banks lose the public’s Leverage Ratio--3.00%
trust: It is the risk of damage to a bank’s image & public Countercyclical Buffer--0% to 2.50%
standing that occurs due to some dubious actions taken
by the bank. Topic 19:
Business Risk: Business risk is the risk arising from a Most Important Miscellaneous Banking Terms
bank’s long-term business strategy. It deals with a bank
not being able to keep up with changing competition 0ACU: Asian Clearing Union (ACU) was established with
dynamics, losing market share over time, & being closed its head-quarters at Tehran, Iran, on December 9, 1974.
or acquired. The Central Banks & the Monetary Authorities of
Bangladesh, Bhutan, India, Iran, Maldives, Myanmar,
Topic 18: Nepal, Pakistan & Sri Lanka are currently the members of
What are the BASEL-3 Norms & a brief on the 3 the ACU.
Pillars of Basel? Asian Monetary Units (AMUs) is the common unit of
Basel Committee is the primary global standard-setter for account of ACU & is denominated as ‘ACU Dollar’ & ‘ACU
the prudential regulation of banks & provides a forum for Euro’. All instruments of payments under ACU have to be
cooperation on banking supervisory matters. denominated in AMUs.
Its mandate is to strengthen the regulation, supervision & Rupee Denominated Bonds: Any corporate (entity
practices of banks worldwide with the purpose of registered as a company under the Companies Act, 1956/
enhancing financial stability. 2013) or body corporate (entity specially created out of a
Stefan Ingves, Governor of Sveriges Riks bank specific act of the Parliament) & Indian banks are eligible
(SWEDEN), is the Chairman of the Basel Committee. to issue Rupee denominated bonds overseas. Real Estate
Basel III or Basel 3 released in December, 2010 is the Investment Trusts (REITs) & Infrastructure Investment
third in the series of Basel Accords. These accords deal Trusts (InvITs) coming under the regulatory jurisdiction
with risk management aspects for the banking sector. of SEBI are also eligible. The minimum maturity period
According to Basel Committee on Banking Supervision for such bonds will be 3 years.
"Basel III is a comprehensive set of reform measures, National Institute of Bank Management (NIBM): It was
developed by the Basel Committee on Banking established in 1969 by RBI, in consultation with the Govt.
Supervision, to strengthen the regulation, supervision & of India, as an autonomous apex institution for research,
risk management of the banking sector". training, education & consultancy in bank management.
Basel 3 measures aim to: Its mandate is to play a proactive role of “think-tank” of
a) Improve the banking sector's ability to absorb shocks the banking system. The Governor of RBI is the Chairman
arising from financial & economic stress, whatever the of the Governing Board. It is situated at Pune,
source Maharashtra.
b) Improve risk management & governance Electronic Funds Transfer at Point of Sale (EFTPOS):
c) Strengthen banks' transparency & disclosures. EFTPOS is the method for paying for goods or services
without needing to carry cash.
Moral Suasion: Moral Suasion is just as a request by the
Three Pillars of Basel 3
RBI to the commercial banks to take so & so action &
Pillar 1: Minimum Regulatory Capital Requirements
measures in so & so trend of economy. RBI may request
based on Risk Weighted Assets (RWAs): Maintaining
commercial banks not to give loans for unproductive
capital calculated through credit, market & operational
purpose which does not add to economic growth but
risk areas (mainly that capital which can absorb risk.)
increases inflation.
Pillar 2: Supervisory Review Process: Regulating tools
Bouncing of a cheque: Where an account does not have
& frameworks for dealing with peripheral risks that bank
sufficient balance to honour the cheque issued by the
face.
customer, the cheque is returned by the bank with the
Pillar 3: Market Discipline: Increasing the disclosures
reason "funds insufficient" or "Exceeds arrangement".
that banks must provide to increase the transparency of
This is known as 'Bouncing of a cheque'.
banks

Demat Account: The term "demat", in India, refers to a Important Terms related to Mutual Funds
dematerialised account for individual Indian citizens to
trade in listed stocks or debentures. Asset Management Company: A company formed &
Capital Adequacy Ratio (CAR): Capital adequacy ratio registered under the Companies Act 1956 & approved as
measures the amount of a bank’s capital expressed as a such by the SEBI to manage the funds of a mutual fund.
%age of its credit exposure. Globally, the capital adequacy Under an agreement (with the trustees of the Mutual
Fund), an AMC undertakes to formulated mutual funds
ratio has been developed to ensure banks can absorb a
schemes, distribute income as per agreement.
reasonable level of losses before becoming insolvent. Close-ended scheme: A scheme where funds are raised
Indian banks are expected to maintain a minimum capital for a fixed period. The scheme is wound up after that
adequacy ratio of 9 % (Rs 9 as capital for every Rs 100 in period & funds are returned with capital appreciation to
loan or asset) unit holders. Normally, a close-ended scheme is listed on
Balance of Trade: The value of a country’s exports minus a stock exchange.
Net asset value: The price of value of one share of a fund.
the value of its imports. Unless specified as the balance of
It is calculated by summing the quoted values of all the
merchandise trade, it normally incorporates trade in securities held by the fund, adding in cash & any accrued
services, including earnings (interest, dividends, etc.) on income & subtracting liabilities & dividing the result by
financial assets. the number of shares outstanding.
Balance of Payments: A list of all of a country’s Open ended scheme: A scheme is the one which
international transactions for a given time period, usually continuously offers its units & buys them back from
one year. investors.
NOSTRO Account: A Nostro account is maintained by an
A Brief on Nationalization of Banks
Indian Bank in the foreign countries.
VOSTRO Account: Vostro account is maintained by a Nationalisation of Imperial Bank of India & its conversion
foreign bank in India with their corresponding bank. into State Bank of India in July 1955.
BCBS: Basel Committee on Banking Supervision is an Conversion of 8 major State-associated banks into
institution created by the Central Bank governors of the subsidiary banks of SBI in 1959.
Group of Ten nations. Nationalisation of 14 Indian scheduled banks in July
1969.
What is STRIPS: Separate Trading for Registered Interest
Nationalisation of 6 more banks in April 1980 & New
& Principal Securities.
Bank of India merged into Punjab National Bank.
The CORE word in CBS stands for Centralized Online
Realtime Exchange. Topic 20:
Cross Selling: Cross-selling stands for offering to the How the amount can be transferred from one
existing & new customers, some additional banking Bank A/c to the other?
products, with a view to expand banking business, reduce
the per customer cost of operations & provide more Real Time Gross Settlement (RTGS)
satisfaction & value to the customer. RTGS implemented w.e.f. 26.03.2004 is a centralized
Credit Card Business : Issue of cards payment system operated by RBI. In RTGS inter-bank
(a) Banks having net worth of Rs. 100 cr or above only can payment instructions are processed & settled, on gross
basis in a real time environment.
undertake the credit card business.
It uses Indian Financial Network (INFINET) & SFMS
(b) RBI permission is not required to undertake credit card platforms. RTGS is regulated by RTGS System Regulations,
issue business. 2013.
ASSET SECURITISATION: Securitisation of assets is an
additional channel for recycling of funds by business National Electronic Funds Transfer (NEFT)
entities including banks. Securitisation is process RBI operationalized NEFT System in Nov 2005. It
facilitates transfer of funds from any bank branch to any
through which the future receivables (say rent,
other bank branch.
installment of a term loan due in future) of an
Amount: There is no lower/upper value limit.
organization (say bank), are converted into debt Bank account: NEFT is an account to account transfer
instruments (such as bonds with a fixed rate of return) & system. The remitter & beneficiary should have a bank
then sold. account.

Processing Charges/Service Charges ACCOUNTS FOR NRI/PIO: Non-Resident
1. Banks cannot levy any charges for inward NEFT, Ordinary Rupee Account (NRO Account)
2. For outward NEFT: Up to Rs. 10000 = Rs. 2.50, above Rs.
10000 to Rs. 1 lac = Rs. 5. Above Rs. 1 lac to Rs. 2 lac = NRO accounts may be opened / maintained in the form of
Max Rs. 15 & above Rs. 2 lac = Max Rs. 25 (w.e.f. current, savings, recurring or fixed deposit accounts.
13.07.2012). Interest rates offered by banks on NRO deposits cannot
be higher than those offered by them on comparable
domestic rupee deposits.
CENTRALIZED FUNDS MANAGEMENT SYSTEMS
Account should be denominated in Indian Rupees.
(CFMS): CFMS was operated & maintained by RBI to
NRI/PIO may remit from the balances held in NRO
enable operations on current accounts maintained at
account an amount not exceeding USD one million per
various offices of the RBI, through standard message financial year, subject to payment of applicable taxes.
formats in a secure manner. The limit of USD 1 million per financial year includes sale
NEPAL REMITTANCE SCHEME: It is a cross-border one- proceeds of immovable properties held by NRIs/PIOs.
way remittance facility scheme, for remittance from India
to Nepal. Amount: Up to Indian Rs. 50,000 from NEFT Non-Resident (External) Rupee Account (NRE
branches. Beneficiary will receive funds in Nepalese
Account)
rupees.
CORE BANKING SOLUTIONS: Core Banking Solutions NRE account may be in the form of savings, current,
(CBS) or Centralised Banking Solutions is the process recurring or fixed deposit accounts.
which is completed in a centralized environment i.e. Account will be maintained in Indian Rupees.
under which the information related to the customer’s Accrued interest income & balances held in NRE accounts
account (i.e. financial dealings, profession, income, etc.) is are exempt from Income tax.
stored in the Central Server of the bank (that is available Authorised dealers/authorised banks at their discretion
to all networked branches) instead of the branch server. allow for a period not more than two weeks,
overdrawings in NRE savings bank accounts, up to a limit
of Rs. 50,000.
Topic 21: Loans up to Rs.100 lakh can be extended against security
What are the types of Accounts that can be of funds held in NRE Account either to the depositors or
opened by Foreign (Person) in India? third parties.
a) NRO A/c (Foreign Tourist) Foreign Currency Non-Resident (Bank)

Foreign tourists during their short visit to India can open
Account – FCNR (B) Account
a Non-Resident (Ordinary) Rupee (NRO) account
(Current / Savings) with any Authorised Dealer bank FCNR (B) accounts are only in the form of term deposits
dealing in foreign exchange. of 1 to 5 years
Can be opened up to a maximum period of 6 months. Account can be in any freely convertible currency.
All payments to residents exceeding INR 50,000 can be Loans up to Rs.100 lakh can be extended against security
made only by means of cheques / pay orders / DDs. of funds held in FCNR (B) deposit either to the depositors
or third parties.
b) EEFC A/c The interest rates are stipulated by the Department of
Exchange Earners' Foreign Currency Account (EEFC) is an Banking Operations & Development, RBI.
a/c maintained in foreign currency with Authorised
Dealer.
It is a facility provided to foreign exchange earners,
including exporters, to credit 100% of their foreign
exchange earnings to the a/c, so that the account holders
do not have to convert foreign exchange into Rupees,
thereby minimizing the transaction costs.
All categories of foreign exchange earners, such as
individuals, companies, etc. who are resident in India,
may open EEFC accounts.
It can be held only in the form of a current account. No
interest is payable on EEFC accounts.

Topic 22: Topic 24:
A Brief on CAMELS rating for Domestic Banks? NBFC OMBUDSMAN SCHEME
RBI’s 1995 working group headed by Sh. S. Padmanabhan
RBI introduced an Ombudsman Scheme for customers of
suggested method for rating.
Non-Banking Financial Companies (NBFCs).
RBI rates the banks on a 5 point scale of A to E, widely on The Scheme is an expeditious & cost free apex level
the lines of international CAMELS rating model for mechanism for resolution of complaints of customers of
domestic banks & CALCS model for foreign banks. NBFCs, relating to certain services rendered by NBFCs.
It is being introduced under Section 45 L of RBI Act, 1934,
CAMELS Rating for Domestic Banks with effect from February 23, 2018.
C Capital adequacy ratio The NBFC Ombudsman is a senior official appointed by
RBI to redress customer complaints against NBFCs for
A Asset quality
deficiency in certain services covered under the grounds
M Management Effectiveness of complaint specified under Clause 8 of the Scheme.
E Earning (i.e. profitability) As on date, four NBFC Ombudsman have been appointed
L Liquidity (asset-liability management) with their offices located at Chennai, Kolkata, New Delhi
S System & controls and Mumbai.
NBFCs which are defined in Section 45-I (f) of RBI Act
Rating parameters for foreign banks 1934 & registered with RBI under Section 45-IA of RBI
Act 1934, which (a) are authorized to accept deposits;
C Capital adequacy ratio
or (b) have customer interface, with assets size of one
A Asset quality billion rupees or above, as on the date of the audited
L Liquidity balance sheet of previous financial year, or of any such
C Compliance asset size as the RBI may prescribe, are covered under the
S System & controls Scheme.
The Scheme initially covers NBFCs authorized to accept
deposits & would be gradually extended to cover other
Topic 23:
identified NBFCs.
BANKING OMBUDSMAN SCHEME 2006 The compensation amount, if any, which can be awarded
by NBFC Ombudsman, for any loss suffered by
The Scheme enables a bank customer for filing of complaints complainant, is limited to the amount arising directly out
relating to certain services rendered by banks. of the act or omission of the NBFC or rupees one million,
1) The Banking Ombudsman is a senior official appointed by whichever is lower.
Note: NBFC Ombudsman may award compensation not
the Reserve Bank of India to redress customer complaints
exceeding rupees 0.1 million to the complainant for
against deficiency in certain banking services.
causing mental agony & harassment.
2) All Scheduled Commercial Banks, Regional Rural Banks & Appellate Authority is vested with a Deputy Governor-in-
Scheduled Primary Co-operative Banks are covered under Charge of the department of the RBI implementing the
the Scheme. Scheme.
3) The Banking Ombudsman does not charge any fee for
filing & resolving customers’ complaints. Topic 25:
4) The maximum compensation which a BO can help a What is Base Rate, MCLR & Other rates of
complainant to get is Rs. 20 lakhs. Lending?
5) If a complaint is not settled by an agreement within a Base Rate
period of one month, the BO proceeds further to pass an RBI decided that banks should switch over to Base Rate
award. Before passing an award, the BO provides system w.e.f. 1.7.2010.
reasonable opportunity to the complainant & the bank, to Banks may determine their actual lending rates w.r.t.
present their case. Base Rate.
No loan can be sanctioned below base rate.
6) If one is not satisfied with the decision passed by the BO,
Exempted accounts: The following loans could be priced
one can approach the appellate authority who is the
without reference to Base Rate: (a) DRI loans (b) loans to
Deputy Governor of the RBI. banks’ own employees (c) loans to banks’ depositors
against their own deposits.

Marginal Cost Based Lending Rate Topic 27:
RBI introduced MCLR w.e.f. 1.4.2016 to determine Base What is Hypothecation & Pledge?
Rate by banks to improve the efficiency of monetary
policy transmission.
All rupee loans sanctioned & credit limits renewed w.e.f. Mortgage: As per section 58 of Transfer of Property Act
01.04.16 to be priced w.r.t. MCLR. It will be internal 1882, mortgage is transfer of interest in specific
benchmark. immovable property for the purpose of securing the
The MCLR comprises of (a) Marginal cost of funds; (b) payment of money advanced or to be advanced by way of
Negative carry on account of CRR; (c) operating costs; (d) loan, an existing or future debt or the performance of an
Tenor premium.
engagement which may give rise to pecuniary liability.
Marginal Cost of funds (MCF): It has 2 components (a)
Marginal cost of borrowings (b) return on networth.
By using MCF, it will be calculated as: Required CRR × Topic 28:
(marginal cost) / (1-CRR) What is NBFC & how it differs from Banks?
Exemptions from MCLR
loans under schemes of Govt. of India wherein banks have Non-Banking Financial Company (NBFC) is a company
to charge interest rate as per the scheme. registered under the Companies Act, 1956 engaged in the
Working Capital Term Loan, Funded Interest Term Loan business of loans & advances, acquisition of
etc. as part of rectification/restructuring package.
shares/stocks/bonds/debentures/securities issued by
Loans under various refinance schemes of Govt. of India
or any Govt. Undertaking wherein banks charge interest Govt. or local authority or other marketable securities of a
at the rates prescribed under the schemes. like nature, leasing, hire-purchase, insurance business,
The following loans can be priced without being linked to chit fund business.
MCLR : NBFCs lend & make investments & hence their activities
a) Loan to depositors against their own deposits. are akin to that of banks; however there are a few
b) Loan to banks’ employees & Chief Executive
differences as given below:
Officer/Whole Time Directors.
c) Loans linked to a market determined external a) NBFC cannot accept demand deposits;
benchmark. b) NBFCs do not form part of the payment & settlement
d) Fixed rate loans. In case of hybrid loans where the system & cannot issue cheques drawn on itself;
interest rates are partly fixed & partly floating, interest c) Deposit insurance facility of Deposit Insurance & Credit
rate on the floating portion should adhere to the MCLR Guarantee Corporation is not available to depositors of
guidelines.
NBFCs, unlike in case of banks.
Topic 26: Register with RBI:
What is Reverse Mortgage Loan? A company incorporated under the Companies Act, 1956 &
desirous of commencing business of non-banking
The scheme of reverse mortgage has been introduced for financial institution as defined under Section 45 I(a) of
the benefit of senior citizens owning a house but having the RBI Act, 1934 should comply with the following:
inadequate income to meet their needs. Some important a) It should be a company registered under Section 3 of the
features of reverse mortgage are:
companies Act, 1954
A homeowner who is above 60 years of age is eligible
for reverse mortgage loan. It allows him to turn the equity b) It should have a minimum net owned fund of Rs 200 lakh.
in his home into one lump sum or periodic Deposits in NBFC:
payments mutually agreed by the borrower & the banker. Presently, the maximum rate of interest an NBFC can
NO REPAYMENT is required as long as the borrower lives, offer is 12.5%. The interest may be paid or compounded
Borrower should pay all taxes relating to the house & at rests not shorter than monthly rests.
maintain the property as his primary residence.
The amount of loan is based on several factors: NBFCs are allowed to accept / renew public deposits for a
Borrower’s age, Value of the property, Current interest minimum period of 12 months & maximum period of 60
rates & The specific plan chosen. months. They cannot accept deposits repayable on
As per the scheme formulated by National Housing demand.
Bank (NHB), the maximum period of the loan period The deposits with NBFCs are not insured.
is 15 years. The residual life of the property should be at
The repayment of deposits by NBFCs is not guaranteed by
least 20 years. Where the borrower lives longer than 15
years, periodic payments will not be made by lender. RBI.
However, the borrower can continue to occupy.
Topic 29: Retail Banking- Retail banking refers to the division of a
What are the types of Money? bank that deals directly with retail customers.
Wholesale banking-Wholesale banking is the provision
Commodity Money - Commodity money value is derived of services by banks to organisations such as Mortgage
from the commodity out of which it is made. The Brokers, large corporate clients, mid-sized companies,
commodity itself represents money, & the money is the sreal estate developers & investors, international trade
commodity. finance businesses etc.
Representative Money - is money that includes token
Universal Banking: R H Khan committee &
coins, or any other physical tokens like certificates, that
can be reliably exchanged for a fixed amount/quantity of recommended the concept of Universal Banking. It means
a commodity like gold or silver. allowing Fls & banks to undertake all types of banking or
Fiat Money - Fiat money, also known as fiat currency is development financing activity, subject to compliance of
the money whose value is not derived from any intrinsic statutory & other requirements of RBI, Govt. & related
value or any guarantee that it can be converted into legal Acts.
valuable commodity (like gold). Instead, it derives value Islamic Banking: An Islamic bank is a deposit-taking
only based On Govt. order (fiat)
banking institution whose scope of activities excluding
Commercial Bank Money - Commercial bank money or
borrowing & lending on the basis of interest.
the demand deposits are claims against financial
institutions which can be used for purchasing goods &
services. Topic 31:
Reserve Money (M 0) What are the important codes that are used in
Currency in circulation + Bankers‘ ‘deposits with the RBI +
‘Other’ deposits with the RBI = Net RBI ‘credit to the Govt. + Banking?
RBI credit to the commercial sector + RBI's claims on banks
IFSC (Indian Financial System Code)
+ RBI's net is foreign assets + Govemment’s currency
liabilities to the public - RBI's net non-monetary liabilities. Indian Financial System Code is an alpha-numeric code
M1=Currency with the public + Demand deposits with the that uniquely identifies a bank-branch participating in the
banking system + 'Other' deposits with the RBI NEFT system.
M2=M1 + Savings deposits of ofﬁce savings banks. This is an 11 digit code with the first 4 alpha characters
M3=M1+ Time deposits with the banking system representing the bank, The 5th character is 0 (zero) & the
= Net bank credit to the Govt. last 6 characters representing the bank branch.
M4=M3 +All deposits with post office savings banks
(excluding National Savings Certificates)
MICR – Magnetic ink character Recognition
MICR is 9-digit numeric code that uniquely identifies a
Bhartiya Reserve Bank Note Mudran Private Limited bank branch participating in electronic clearing scheme.
(BRBNMPL): RBI established BRBNMPL in February
Used to identify the location of a bank branch.
1995 as a wholly-owned subsidiary to augment the
production of bank notes in India & to enable bridging of City (3) Bank (3) Branch (3)
the gap between supply & demand for bank notes in the It is allotted to a bank branch is printed on the MICR band
country. of cheques. MICR used for electronic credit system.
Topic 30: SWIFT Code: Society for Worldwide Interbank financial

What are the Different types of Banking? tele-communication
India was 74th Nation to join SWIFT Network.
Para banking- When Bank provides banking services
SWIFT Code is a standard format of bank Identifier code.
except the general banking facility.
Narrow Banking- When banks invest its money in Govt. This code is used particularly in International transfer of
securities instead investing in market to avoid risk. money between banks.
Offshore Banking- Bank which accept currency of all A majority of FOREX related message are sent to
countries. correspondent banks abroad through SWIFT.
Green banking- Promoting environmental-friendly SWIFT Code consist 8 or 11 character when code is 8
practices & reducing your carbon footprint from your digit, it is referred to primary office.
banking activities. 4 – bank code 2 – country code 2 – location code3
– branch code (optional)

Topic 32: 46. EFSF – European Financial Stability Facility
Important Banking Abbreviations 47. FINO- Financial Inclusion Network Operation
1. PSBs: Public Sector Banks 48. FIPB – Foreign Investment Promotion board
2. SNBCs: Schedule Non- Commercial Banks 49. FSLRC– Financial Sector Legislative Reforms
3. SENSEX: Sensitive Index of Stock Exchange Commission
4. KYC: Know Your Customer 50. CRAR: Capital to Risk-weighted Assets Ratio
5. RTGS: Real Time Gross Settlement 51. LCR: Liquidity Coverage Ratio
6. EFT: Electronic Fund Transfer 52. TARC - Tax Administration Reform Commission
7. CBS: Core Banking Solutions 53. GIRO - Govt. Internal Revenue Order
8. LIBOR: London Interbank Offered Rate 54. FRBMA: Fiscal Responsibility & Budget Management
9. MIBOR: Mumbai Interbank Offered Rate
Act
10. MIBID: Mumbai Interbank Bid Rate
11. SARFAESI: Securitisation & Reconstruction of Financial 55. AMFI- Association of Mutual Fund in India.
Assets & Enforcement Of Security Interest 56. TIEA – Tax Information exchange Agreement
12. CAR: Capital Adequecy Ratio 57. GAAR - General anti avoidance rule
13. FIIs: Foreign Institutional Investments 58. GSLV - Geo-Synchronous Launch Vehicle
14. MICR: Magnetic Ink Character Recognition 59. PPP – Public Private Partnership & Purchasing Power
15. BIRD: Bankers Institute of Rural Development parity
16. IBA: Indian Bank Association 60. PSLV – Polar Satellite Launch vehicle
17. BPLR: Benchmark Prime Lending Rate 61. TAPI - Turkmenistan-Afghanistan-Pakistan-India.
18. SWOT: Strength, Weaknesses, Opportunities & Threats 62. QFI -Qualified Foreign Investors
19. SWIFT: Society For Worldwide Interbank Financial
63. AD-Authorized Dealer.
Telecommunication
64. ASSOCHAM-Associated Chambers of Commerce &
20. FERA: Foreign Exchange Regulatory Act
21. FEMA: Foreign Exchange Management Act Industry of India.
22. CASA: Current & Saving Account 65. BCSBI-Banking Codes & Standards Board of India.
23. NDTL: Net Demand & Time Liabilities 66. BIS-Bank for International Settlements.
24. NASDAQ: National Association For Securities Dealers 67. CDS-Credit Default Swap.
Automated Quotations 68. CEPA-Comprehensive Economic Partnership
25. CRISIL: Credit Rating & Investment Services India Management.
Limited 69. FIMMDA-Fixed Income Money MARKETS & Derivatives
26. CIBIL: Credit Information Bureau Of India Limited Association.
27. NAV: Net Asset Value
70. FPI-Foreign Portfolio Investment.
28. ICRA: Indian Credit Rating Agency
71. IBRD-International Bank for Reconstruction &
29. CARE: Credit Analysis & Research Limited
Development.
30. WMAs: Ways & Means Advances
31. ALM: Asset Liability Management 72. UIDAI-Unique Identification Development Authority of
32. INFINET Indian Financial Network India.
33. OLTAS - On-line Tax Accounting System (OLTAS) for 73. PMGSY- Pradhan Mantri Gram Sadak Yojana
Direct Taxes 74. PMEGP- PM's Employment Generation Programme
34. TIN - Tax Information Network (TIN) 75. NRDWP- National Rural Drinking Water Programme
35. IMPS - Interbank Mobile Payment Service (IMPS) or 76. PMKK- Pradhan Mantri Kaushal Kendras
Immediate Payment Service 77. SANKALP- Skill Acquisition & Knowledge Awareness
36. CDR- Corporate Debt Restructuring for Livelihood Promotion programme
37. CAD- Capital Account Deficit
78. STRIVE- Skill Strengthening for Industrial Value
38. REITs: Real Estate Investment Trusts
Enhancement
39. InvITs: Infrastructure Investment Trusts
40. ALM- Asset Liability Management 79. NTA- National Testing Agency
41. ASBA: Application Supported by Blocked Amount 80. ICDS- Integrated Child Development Services
42. PIN: Personal Identification Number 81. TIES- Trade Infrastructure for Export Scheme
43. CECA: Comprehensive Economic Cooperation 82. FIPB- Foreign Investment Promotion Board
Agreement 83. CERT-Fin- Computer Emergency Response Team for
44. CEPA: Comprehensive Economic Partnership our Financial Sector
Agreemeny 84. IRFC- Indian Railway Finance Corporation Limited
45. DTAA – Double Taxation Avoidance Agreement 85. FFO- Further Fund Offering

Topic 33: Small Industries Development Bank of India
The HQ of NATIONALIZED/PSBs BANKS (SIDBI)
Small Industries Development Bank of India (SIDBI in
Allahabad Bank-Kolkata
short) was established in the year 1990 (Date: 2nd April
Bank of India -Mumbai
1990) under the Small Industries Development Bank of
Bank of Maharashtra -Pune
India Act 1989 as a subsidiary of Industrial Development
Canara Bank -Bangalore
Bank of India.
Central Bank of India -Mumbai Chairman- Mohammad Mustafa
Corporation Bank -Mangalore Head Quarters: Lucknow
Indian Bank- Chennai
Indian Overseas Bank- Chennai Securities & Exchange Board of India (SEBI)
Oriental Bank of Commerce- Gurugram It is the regulator for the securities market in India. SEBI
Punjab National Bank- New Delhi was initially established as a non statutory body in April
Punjab & Sind Bank- New Delhi 1988, to regulate the working of stock exchange. Later it
State Bank of India- Mumbai was given a statutory status on April 1992 via SEBI Act,
Syndicate Bank- Manipal (Karnataka) 1992with the following objectives.
UCO Bank- Kolkata Chairman- Ajay Tyagi
Union Bank of India- Mumbai Head Quarters : Mumbai
United Bank of India- Kolkata
Andhra Bank- Hyderabad REGIONAL RURAL BANK (RRB):
Bank of Baroda- Vadodra Regional Rural Bank Were Set Up By An Ordinance In
1975, Later Replaced By Rrbs Act, 1976 As Pre Banking
Topic 34: Commission Recommendation In 1975.
Father Of RRBs is M.Swaminathan.
Financial Regulations | Institutions |
The Govt. Of India Had Appointed A Working Group On
Organizations Rural Banks Under The Chairmanship Of Mr. M.
Narasimham In 1975. First Rrbs Were Set Up On 2nd Oct.
Chit Funds Respective State Govt.s Share Holder Contribution: Govt. Of India 50% Sponsor
Insurance companies IRDAI Bank 35% State Govt. 15%.
Housing Finance Companies NHB
Venture Capital Fund / SEBI EXIM BANK:
Merchant Banking companies SEBI
Stock broking companies SEBI Export-Import (EXIM) Bank of India is the principal
Nidhi Companies Ministry of corporate financial institution in India for coordinating the working
affairs, Govt. of of institutions engaged in financing export & import
India trade.
It is a statutory corporation wholly owned by the Govt. of
India.
National Bank for Agriculture & Rural
It was established on January 1, 1982 for the purpose of
Development financing, facilitating & promoting foreign trade of India.
Chairman- David Rasquinha|Headquarters : Mumbai
Established on 12th July 1982 on the recommendation of
CRAFICARD committee (also called as NATIONAL HOUSING BANK(NHB)
SivaramanComittee)
For Agricultural finance, It is the apex organization. It is the apex institution of housing finance in India, was
Chairman: Dr. Harsha Kumar Bhanwala set up as wholly owned subsidiary of RBI.
Head Quarters: Mumbai The bank started its operations from July 1988.
Rural Infrastructure Development Fund (RIDF) is NHB is a subsidiary bank of Reserve Bank of India.
operated by NABARD, instead in April 1995. National Housing Bank was established under section 6 of
NABARD is the "Micro-Finance Regulatory Authority" National Housing Bank Act (1987).
The HQ: of NHB is in New Delhi| CMD: SK Hota

ECGC Topic 36:
Export Credit Guarantee Corporation of India. This List of Mergers in the Indian Banking Industry
organisation provides risk as well as insurance cover to
the Indian exporters.|Chairman- Geetha Muralidhar | The Bank which The Bank which got Year of
Head Quarters : Mumbai
acquired Merged Merger
CLEARING CORPORATION OF INDIA Bank of Baroda Dena Bank and Vijaya 2019
Clearing Corporation of India Limited (CCIL) was Bank
incorporated on 30th April 2001, as the country’s first State Bank of India 5 SBI’s Associate Banks 2017
clearing house for the Govt. securities, forex & other
related market segments. It commenced operations from & Bharatiya Mahila
Feb 15, 2002. It provides a system for efficient clearing of Bank
money, Govt. securities & foreign exchange market Kotak Mahindra ING Vysya Bank 2016
transactions.
Bank
BANKING CODES & STANDARDS BOARD OF ICICI Bank Bank of Rajasthan 2010
INDIA State Bank of India State Bank of Indore 2009
State Bank of India State Bank of 2008
Banking Codes & Standards Board of India (BCSBI) was
Saurashtra
set up on the lines of a similar set up in UK to oversee the
Fair Practice Code evolved by the Bankers. HDFC Bank Centurion Bank of 2008
Members: The Board was set up as a Society, under the Punjab
Societies Registration Act, 1860. Commercial banks, RRBs
Centurion Bank of Lord Krishna Bank 2007
& Urban Coop Banks are its members.
A Governing council of the BCSBI looks after its Punjab
financial affairs & managerial policies. The tenure of Indian Overseas Bharat Overseas Bank 2007
the Council is 5 years & the appointment of the Council Bank
after 5 years would be with the concurrence of the RBI.
IDBI Bank United Western Bank 2006
Indian Banks' Association (IBA) Ltd.
Indian Banks' Association (IBA) set up in 1946 with 22 Federal Bank Ganesh Bank of 2006
members to discuss issues of common interests. Over the
Kurundwad
years, IBA emerged as the Voice of Indian Banking
Industry. IBA adopts a consultative approach to give its Centurion Bank Bank of Punjab (BoP) 2005
views on any issue pertaining to banking sector. As on IDBI Bank Limited IDBI Limited 2005
December 28, 2015 the total Membership of the
Oriental Bank of Global Trust Bank 2004
Association is 237.
Ordinary: 139 Associate: 98 Total: 237 Commerce (GTB)
Rajnish Kumar is present Chairman of IBA & it’s Punjab National Nedungadi Bank 2003
headquarter is in Mumbai.
Bank
Topic 35: Bank of Baroda Benares State Bank 2002
Important Financial Schemes of the ICICI Bank Limited ICICI Limited 2002
Government ICICI Bank Bank of Madura 2001
HDFC Bank Times Bank 2000
KISAN VIKAS PATRA From 1st October 2019
Union Bank of India Sikkim Bank 1999
KPV are regulated by KVP Rules 2014, Scheme is available State Bank of India Kashinath State Bank 1995
through Post Offices & those banks that are authorized to Bank of India Bank of Karad 1994
operate PPF scheme.
Denomination: Rs.1000, Rs.5000, Rs.10000 & Rs.50000 Punjab National Bank New Bank of 1993
Types of certificates: Category Single, Joint A-Type & India
Joint B-Type (E/S). State bank of India Bank of Cochin 1985
Maturity period: 113 Months
Rate of Interest: 7.6%. Canara Bank Lakshmi Commercial 1985
Rate of interest: Rs.1000 becomes double during the Bank
maturity period.
Topic 37: b) The main objectives of these mints is to produce coins,
What are the Sectors in the Indian Economy? medals & awards, as per the requirements of India.
Indian Economy is normally categorized into three c) Mumbai mint is known for producing standardized
sectors namely - 1. Primary Sector 2. Secondary weights & measures.
Sector 3. Tertiary Sector d) Noida is known as the first mint in the country to produce
Primary Sector: Primary Sector is directly dependent on stainless steel coins.
environment for manufacture & production. For example,
agriculture, mining, farming etc. Points to Remember
Secondary Sector: Secondary Sector adds value to the
proud by transforming raw materials into valuable Special kind of paper is required for the printing of bank
products. For example, processing & construction
notes & non-judicial stamps. This paper is produced in
industries.
Tertiary Sector/Service Sector: Tertiary Sector is special Security Paper Mill which was established in 1968
involved in production & exchange of services. For at Hoshangabad, Madhya Pradesh.
example, transportation, communication, & other services 2 currency note printing presses owned by GOI & 2 are
of such kind. Tertiary Sector is also known as Services owned by RBI , through the Bharatiya Reserve Bank Note
Sector as it facilitates the production & exchanges of Mudran Ltd. (BRBNML). GOI presses are at Nasik
services. (Western India) & Dewas (Central India). RBI presses
are at Mysore (Southern India) & Salboni (Eastern
Topic 38: India).
A Brief on Printing & Minting of Currencies in Coins are minted in four mints owned by GOI which are
India located at Mumbai, Hyderabad, Calcutta & NOIDA.
In India, RBI is engaged in printing of all notes &
production of coins is handled by Government under The Topic 39:
Coinage Act, 1906.
What is the Mudra Scheme?
RBI determines what volume of currency is required at a
particular time.
The production of bank notes, coins, non-judicial stamps, a) MUDRA stands for Micro Units Development & Refinance
postage stamps & other govt. documents is managed Agency Ltd.
by Security Printing & Minting Corporation of India b) Financial institution set up by GOI for development &
Limited (SPMCIL). It was established in 2006. refinancing micro units enterprises.
c) The purpose is to provide funding to the non-corporate
A brief on the Printing Presses small business sector through various Last Mile Financial
a) The first printing press of India Currency Note Press Institutions like Banks, NBFCs and MFIs.
(CNP) was established in 1928 for printing bank notes in d) It be responsible for refinancing all Last Mile Financiers
India. This press is located in Nashik, Maharashtra.
such as Non-Banking Finance Companies, Societies,
b) Bank Note Press (BNP) has two branches located in
Trusts, Section 8 Companies, Co-operative Societies, Small
Mysore, Karnataka & Dewas, Madhya Pradesh. Currently
both CNP & BNP print Indian currency. Banks, Scheduled Commercial Banks and Regional Rural
c) Currency is also printed by RBI which has two printing Banks.
presses & owned by Bhartiya Reserve Bank Note e) Under the aegis of Pradhan Mantri MUDRA Yojana
Mudran Limited. These are located in Mysore, Karnataka (PMMY), MUDRA has already created its initial products /
& Salboni, West Bengal. schemes. The financial limit for these schemes are:-
d) Indian security Press is located in Nashik & Security Shishu: covering loans upto Rs. 50,000/-
Printing Press is located in Hyderabad. Kishor: covering loans above Rs. 50,000/- and upto 5 lakhs
Tarun: covering loans above Rs. 5 lakhs to 10 lakhs
A brief on the Minting of Coins
f) Pradhan Mantri Mudra Yojana is a Government of India
scheme, which enables a small borrower to borrow from
a) Security Printing & Minting Corporation of India Limited
(SPMCIL) comprises four mint: banks, MFIs, NBFCs for loans upto 10 lakhs for non-farm
❖ India Government Mint, Mumbai income generating activities. Generally, loans upto 10
❖ India Government Mint, Kolkata lakhs issued by banks under Micro Small Enterprises is
❖ India Government Mont, Hyderabad given without collaterals.
❖ India Government Mint, Noida g) Shri Mohammad Mustafa is the Head currently.

Topic 40: Fiscal Consolidation: The term refers to the things a
Headquarters of the International Financial Government does to maintain good fiscal health — cut
debt and wasteful expenditure and improve revenue
Organizations opportunities.
Current Account Deficit: It is a trade measure that
Name of the Organization HQ shows the value of a country’s imports of goods and
IMF International Monetary Fund Washington, DC services to be higher than the value of its exports.
IBRD International Bank for Washington, DC Bear market: A period during which the majority of
Reconstruction and Development securities prices in a particular market (such as the stock
IFC International Finance Washington, DC market) drop substantially.
Corporation Bull market: A period during which the majority of
IDA International Development Washington, DC securities prices in a particular market (such as the stock
Association market) rise substantially.
ICSID, International Centre for Washington, DC Inflation risk: The risk that the purchasing power of the
Settlement of Investment Disputes future value of assets or income will be lower due to
MIGA Multilateral Investment Washington, DC inflation.
Guarantee Agency Interest rate risk: Risk of gain or loss on a security due
World Trade Organization (WTO) Geneva to possible changes in interest rate levels. When interest
AFDB African Development Bank Abidjan rates rise, the market value of a debt security will fall, and
ADB Asian Development Bank Manila vice versa.
EBRD European Bank for London Direct and Indirect Taxes: Direct taxes are the one that
Reconstruction & Development fall directly on individuals and corporations. For example,
BIS Bank of International Settlements Basel income tax, corporate tax etc. Indirect taxes are imposed
EIB European Investment Bank Luxembourg on goods and services. They are paid by consumers when
AACB African Association of Central Dakar, Senegal they buy goods and services. These include excise duty,
Banks customs duty etc.
IIB International Investment Bank Moscow, Russia Customs Duty: These are levies charged when goods are
SEACEN South East Asian Central Kuala Lumpur, imported into, or exported from, the country, and they
Banks Centre Malaysia are paid by the importer or exporter. Usually, these are
also passed on to the consumer.
Topic 41: Primary De cit: The primary de cit is the scal de cit
minus interest payments. It tells how much of the
Important Financial, Economics & Budget Terms
Government's borrowings are going towards meeting
expenses other than interest payments.
Fiscal Responsibility and Budget Management Act:
Fiscal policy: It is the government actions with respect to
The Act is an attempt to make the Government adhere to
aggregate levels of revenue and spending. Fiscal policy is
a phased plan to reduce fiscal deficit, which denotes an
implemented though the budget and is the primary
excess of expenditure over revenue.
Dividend Distribution Tax: This is a tax levied on means by which the government can in uence the
companies that pay out dividends to its shareholders, i.e. economy.
share a portion of earnings with them. Fiscal De cit: When the government's non-borrowed
Venture Capital Funds: These are funds that invest in receipts fall short of its entire expenditure, it has to
startups, a financially riskier proposition than investing in borrow money form the public to meet the shortfall. The
established companies. excess of total expenditure over total non-borrowed
Securities Transaction Tax: It is a tax on all transactions receipts is called the scal de cit.
done over the stock exchanges involving securities such Revenue De cit: The difference between revenue
as shares, derivatives, and equity-linked mutual funds. expenditure and revenue receipt is known as revenue
Capital Gains Tax: It is a tax on the gains that ensue de cit. It shows the shortfall of government's current
when an asset is sold for a price higher than what it was receipts over current expenditure.
bought for. Capital Budget: It consists of capital receipts and
Ad Valorem Tax: This is charged as a percentage of the payments. It includes investments in shares, loans and
value of a good or service, not at a specific rate per unit. advances granted by the central Government to State
Advance Pricing Agreement (APA): It is an agreement Governments, Government companies, corporations and
between a taxpaying entity and the taxman that indicates other parties.
how the former will price transactions with its associates. Vote on Account: The Vote on Account is a grant made in
advance by the parliament, in respect of the estimated
expenditure for a part of new nancial year, pending the Year Reform Introduced
completion of procedure relating to the voting on the 1994 Board for Financial Supervision (BFS) was set up
Demand for Grants and the passing of the Appropriation within RBI to attend exclusively to supervisory
Act. functions & provide effective supervision in an
Guillotine: Parliament, unfortunately, has very limited integrated manner over the banking system,
time for scrutinising the expenditure demands of all the financial institutions, NBFCs & other para-banking
Ministries. So, once the prescribed period for the financial institutions.
discussion on Demands for Grants is over, the Speaker of 1995 Banking Ombudsman Scheme was introduced under
Lok Sabha puts all the outstanding Demands for Grants, the provisions of the BR Act, 1949.
Whether discussed or not, to the vote of the House. This 2006 Banking Codes and Standards Board of India (BCSBI)
process is popularly known as 'Guillotine'. was set up by Reserve Bank in order to provide for
Public Account: Under provisions of Article 266(1) of the voluntary registration of banks committing to
Constitution of India, Public Account is used in relation to provide customer services as per the agreed
standards and codes.
all the fund ows where Government is acting as a
The roadmap for the presence of foreign banks in India was
banker. Examples include Provident Funds and Small
drawn up in February 2005.
Savings. This money does not belong to government but is
Banks were advised to introduce a facility of ‘no frills’
to be returned to the depositors. The expenditure from
account with nil or low minimum balances in November
this fund need not be approved by the Parliament.
2005.
Recovery of Debts Due to Banks and Financial Institutions
Topic 42: Act was enacted in 1993, which provided for the
Major Controls/Schemes introduced in establishment of tribunals for expeditious adjudication and
Banking Sector from 1968 recovery of non-performing loans.
Securitisation and Reconstruction of Financial Assets and
Year Reform Introduced Enforcement of Security Interest (SARFAESI) Act, 2002 was
1962 In order to ensure the safety of deposits of small enacted in March, 2002.
depositors in banks in India, Deposit Insurance
Corporation Act, 1961 was enacted. Deposit Topic 43:
Insurance Corporation of India was established in
January 1962.
History of Banking Sector in India
1963 Agricultural Refinance Corporation (ARC) was set up a) The first bank of a joint stock variety was Bank of
by the Act of July 1, 1963. Its objective was to Bombay, established in 1720 in Bombay. This was
refinance central land mortgage banks, State followed by Bank of Hindustan in Calcutta, which was
cooperative banks and scheduled commercial banks. established in 1770 by an agency house.
1965 Credit Authorisation Scheme(CAS) was introduced, b) The General Bank of Bengal and Bihar, which came into
under which the commercial banks were required to existence in 1773, after a proposal by Governor (later
obtain prior permission of RBI for sanctioning any
Governor General) Warren Hastings, proved to be a short-
fresh working capital limits above the prescribed
norm which was revised from time to time. lived experiment.
1968 National Credit Council (NCC) set up in Feb. 1968 to c) The first ‘Presidency bank’ was the Bank of Bengal
assist RBI & Govt. to allocate credit according to plan established in Calcutta on June 2, 1806 with a capital of
priorities. Rs.50 lakh. The bank was given powers to issue notes in
1969 Fourteen banks with deposits of over Rs.50 crores 1823.
were nationalised. d) Bank of Bombay was the second Presidency bank set up
1969 Lead Bank Scheme was introduced to mobilise in 1840 with a capital of Rs.52 lakh, and the Bank of
deposits on a massive scale throughout the country Madras the third Presidency bank established in July
and also for stepping up lending to the weaker 1843 with a capital of Rs.30 lakh.
sections. e) With the collapse of the Bank of Bombay, the New Bank of
1972 Concept of Priority Sector was formalised. Specific Bombay was established in January 1868.
targets were set out in Nov 1974 for public sector f) The Presidency Bank Act, which came into existence in
banks & in Nov. 1978 for private sector banks. 1876, brought the three Presidency banks under a
1972 Differential Rate of Interest (DRI) Scheme was common statute and imposed some restrictions on their
instituted to cater to the needs of the weaker business.
sections of the society and for their upliftment. g) The first Indian owned bank was the Allahabad Bank set
1980 Six Banks with demand and time liabilities greater up in Allahabad in 1865, the second, Punjab National
than Rs.200 crore as on March 14, 1980, were Bank was set up in 1895 in Lahore, and the third, Bank of
nationalised on April 15, 1980. India was set up in 1906 in Mumbai. All these banks were
founded under private ownership.
h) Swadeshi Movement of 1906 provided a great impetus to ECS - Electronic Clearing Scheme
joint stock banks of Indian ownership and many more FIIs - Foreign Institutional Investors
Indian commercial banks such as Central Bank of India, GETFs - Gold Exchange Traded Funds
Bank of Baroda, Canara Bank, Indian Bank, and Bank of IFCI - Industrial Financial Corporation of India
Mysore were established between 1906 and 1913. IPO - Initial Public Offering
i) The late Shri Vithal L Kavthekar pioneered the urban co- NSC - National Savings Certificate
operative credit movement in the year 1889 in the then OTCEI - Over the Counter Exchange of India Limited
princely State of Baroda. Industrial Credit and Investment Corporation of India
j) The first registered urban co-operative credit society was Bank
the Conjeevaram Urban Co-operative Bank, organised in NISM: National Institute of Securities Market
Conjeevaram, in the then Madras Presidency. SIP: Systematic Investment Plan
Note: They were known as Presidency banks as they were SWP: Systematic Withdrawal Plan
set up in the three Presidencies that were the units of AAY: Antyodaya Anna Yojana
administrative jurisdiction in the country for the East CAA&A: Controller of Aid Accounts and Audit
India Company. The Presidency banks were governed by CFPI: Consumer Food Price Index
Royal Charters. The Presidency banks issued currency CIRP: Corporate Insolvency Resolution Process
notes until the enactment of the Paper Currency Act, CLSS: Credit Linked Subsidy Scheme
1861, when this right to issue currency notes by the DARE: Department of Agricultural Research and
Presidency banks was abolished and that function was Education
entrusted to the Government. DDA: Doha Development Agenda
k) The presidency banks were amalgamated into a single
DGCI&S: Directorate General of Commercial Intelligence
bank, the Imperial Bank of India, in 1921. It also
and Statistics
functioned as a central bank prior to the establishment
DGFT: Directorate General of Foreign Trade
RBI. The Imperial Bank of India performed three set of
DIPAM: Department of Investment and public Asset
functions, viz., commercial banking, central banking and
Management
the banker to the government.
DIPP: Department of Industrial Policy and Promotion
l) By 1930, the number of commercial banks increased to
107 with the Imperial Bank of India still dominating the DISCOMS: Distribution Companies
Indian banking sector. EBRD: European Bank for Reconstruction and
m) Indian Central Banking Enquiry Committee was set up in Development
1929 to survey extensively the problems of Indian EFTA: European Free Trade Association
banking, observed that a central bank be established for EIB: European Investment Bank
the country. e-NAM: Electronic National Agriculture Market
n) Reserve Bank of India Act 1934 was enacted paving the EPCG: Export Promotion on Capital Goods
way for the setting up of the Reserve Bank of India. The GCC: Gulf Cooperation Council
issue of bank failures and the need for catering to the IBC: Insolvency and Bankruptcy Code
requirements of agriculture were the two prime reasons LFPR: Labour Force Participation Rate
for the establishment of the Reserve Bank. The banking M0: Reserve Money
sector came under the purview of the Reserve Bank in M3: Broad money
1935. MDGs: Millennium Development Goals
o) The Government, therefore, first implemented the NAREDCO: National Real Estate Development Council
exercise of nationalisation of the Imperial Bank of India NCDs: Non-Convertible Debentures
with the objective of “extension of banking facilities on a NCLT: National Company Law Tribunal
large scale, more particularly in the rural and semi-urban NICRA: National Innovations on Climate Resilient
areas, and for diverse other public purposes”. The Agriculture
Imperial Bank of India was converted into the State Bank PMAY: Pradhan Mantri Awas Yojana
of India in 1955 with the enactment of the State Bank of PMFBY: Pradhan Mantri Fasal Bima Yojana
India Act, 1955. PMKSY: Pradhan Mantri Krishi Sinchayee Yojana
POL:Petroleum Oil and Lubricants
Topic 44: RMSA:Rashtriya Madhyamik Shiksha Abhiyan
Important Financial Abbreviations Part 2 SSA: Sarva Shiksha Abhiyaan
SUUTI: Specified Undertaking for Unit Trust of India
ADRs - American Depository Receipts UDAY: Ujjwal Discom Assurance Yojna
CAGR - Compounded Annual Growth Rate UDISE: Unified District Information System for Education
CDSL - Central Depositary Services (India) Limited
Lessor & Lessee: Lessor and Lessee are two parties to a
Topic 45: lease agreement. An agreement or a contract by which the
Miscellaneous Banking Terms owner (lessor) of a specified asset grants permission to
another party (lessee) to use the asset for a specific
Average Yield: It is the sum of all interest that the
period of time and with defined terms and conditions in
investment generates divided the length of time the return of periodic rentals, is termed as a lease. A lessor is
investor invested in it. a person or a party who is the owner of the asset under
Net Interest Margin: Net interest margin is the net the lease agreement. The lessor holds the legal rights over
interest income divided by average interest earning an asset. A lessee is a person or a party who takes the
assets. asset on lease from the lessor (owner of the asset). The
Bulk Deposits: a) It means single Rupee term deposits of lessee is often termed as a tenant. The lessee is required
Rupees one crore & above for Scheduled Commercial to oblige the terms and conditions mentioned in the lease
Banks other than RRBs. b) For RRBs, it is the Single Rupee agreement.
term deposits of Rupees fifteen lakhs and above. "Bailment": It is the delivery of goods by one person to
“Notice deposits”: It means term deposit for specific another for some purpose, upon a contract that they shall,
period but withdrawable on giving at least one complete when the purpose is accomplished, be returned or
banking day’s notice. otherwise disposed of according to the directions of the
person delivering them. The person delivering the goods
“Term deposit”: It means a interest bearing deposit
is called the "bailor". The person to whom they are
received by the bank for a fixed period and shall also
delivered is called the "bailee".
include deposits such as Recurring /Cumulative /Annuity
Derivative: A derivative instrument derives its value
/Reinvestment deposits and Cash Certificate.
from an underlying product. There are basically three
Small Accounts: It means a savings account in which:
derivatives
1. the aggregate of all credits in a financial year does not a) Forward Contract- A forward contract is an agreement
exceed rupees one lakh; between two parties to buy or sell an agreed amount of a
2. the aggregate of all withdrawals and transfers in a month commodity or financial instrument at an agreed price, for
does not exceed rupees ten thousand; and delivery on an agreed future date. Future Contract- Is a
3. the balance at any point of time does not exceed rupees standardized exchange tradable forward contract
fifty thousand. executed at an exchange.
LIBOR: It is the average weighted interest rate on inter- b) Options- An option is a contract which grants the buyer
bank loans provided by banks, that participate in the the right, but not the obligation, to buy (call option) or
London interbank market and offer funds in different sell (put option) an asset, commodity, currency or
currencies for different time periods (from 1 day to 1 financial instrument at an agreed rate (exercise price) on
year). or before an agreed date (expiry or settlement date). The
Double Taxation Avoidance Agreement (DTAA): It is a buyer pays the seller an amount called the premium in
exchange for this right. This premium is the price of the
tax treaty signed between two or more countries. Its key
option.
objective is that tax-payers in these countries can avoid
c) Swaps- Is an agreement to exchange future cash flow at
being taxed twice for the same income. It applies in cases
pre-specified Intervals. Typically one cash flow is based
where a tax-payer resides in one country and earns
on a variable price and other on affixed one.
income in another. Restructuring: A restructured account is one where the
DRI Loans DRI scheme provides bank loan at a bank, grants to the borrower concessions that the bank
concessional rate of interest of 4% per annum for would not otherwise consider.
productive / self employment ventures. SC/ST, minorities CASA Deposit: Deposit in bank in current and Savings
and physically handicapped persons are targeted under account.
this scheme to boost financial inclusion. Liquid Assets: Liquid assets consists of: cash, balances
Amortization: It is the reduction of an amount at regular with RBI, balances in current accounts with banks, money
intervals over a certain time period. It mainly refers to the at call and short notice, inter-bank placements due within
reduction of debt by regular payment of loan installments 30 days and securities under "held for trading" and
during the life of a loan. It also describes the accounting "available for sale" categories excluding securities that do
process of writing off an intangible asset. not have ready market.

ALCO: Asset-Liability Management Committee (ALCO) is A Brief on Insolvency and Bankruptcy Board of India
a strategic decision making body, formulating and a) It was established on 1st October, 2016 under the
overseeing the function of asset liability management Insolvency and Bankruptcy Code, 2016 (Code).
(ALM) of a bank. b) It is a key pillar of the ecosystem responsible for
Consortium Financing: It occurs for transactions that implementation of the Code that consolidates and amends
the laws relating to reorganization and insolvency
might not take place with a single lender. Several banks
resolution of corporate persons, partnership firms and
agree to jointly supervise a single borrower with a
individuals in a time bound manner for maximization of
common appraisal, documentation and follow-up and
the value of assets of such persons, to promote
own equal shares in the transaction. entrepreneurship, availability of credit and balance the
Moratorium Period: Moratorium period or EMI holiday interests of all the stakeholders.
period refers to a particular duration in the loan tenure c) It is a unique regulator: regulates a profession as well as
when the borrower is not required to pay EMIs. This processes.
holiday period is mostly available for salaried individuals. d) It has regulatory oversight over the Insolvency
Although the borrower is not required to pay EMIs, the Professionals, Insolvency Professional Agencies,
loan amount would still continue to incur interest during Insolvency Professional Entities and Information Utilities.
this period. Dr. M. S. Sahoo is the Chairperson.

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General Awareness Power Capsule | |IBPS Clerk Mains 2019

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Static GA: Awards & Fields

Topic 1: CM/Governors/Wildlife Santuaries/National Parks / Power Plants in India

States/UTs National Parks(NP) Wild Life Sanctuaries Power Plants

Punjab Abohar WLS Guru Gobind Singh

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Complete list of 9 Union Territories:

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Dumhal: Rauf tribe of Jammu & Kashmir West India

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Stadiums in Bangladesh Stadiums in Pakistan

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Lead Bank Scheme

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CERTIFICATE OF DEPOSIT MERCHANT BANKING

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MMID: MMID stands for Mobile Money Identifier. MMID is a

A Brief on QSAM: *99*99# service, is alternatively known as

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a) NRO A/c (Foreign Tourist) Foreign Currency Non-Resident (Bank)

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Topic 30: SWIFT Code: Society for Worldwide Interbank financial

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A Brief on QSAM: 9999# service, is alternatively known as