drawee=generally bank hota hai

drawer= jo cheque issue krta hai

payee=paane wala

What is SWIFT?

SWIFT :- Society for worldwide Interbank financial tele- communication.

India was 74th Nation to join SWIFT Network.

SWIFT Code is a standard format of bank Identifier code. This code is

used particularly in International transfer of money between banks.

A majority of FOREX related message are sent to correspondent banks

abroad through SWIFT.

SWIFT Code consist 8 or 11 character when code is 8 digit, It is referred

to primary office 4 bank code 2 country code 2 location code 3
branch code (optional).

Why do you want to join banking sector?

Banking is one of the fastest growing sectors in India with more stable and
high growth and more over providing wide range of career opportunities
for graduates. So I want to take an opportunity to join in a bank.

NDTL(NET DEMAND AND TIME LIABLITIES)

We have 2 types of a/c in bank
Demand deposits
Time deposits
As the name suggest Time deposits are FD and RD
Demand deposits are Savings and current deposits

Suppose A , B ,c D are only bank customers of a bank

A has 1000\- FD
B has 200/- RD
C has 500/- in savings a/c
D has 120/- in current a/c
So NDTL for this bank will be = 1000 + 200 + 500 + 120 =1820/-
negotiable means transferable instruments
non - negotiable means which cant be transferred or endorsed to
a 3rd person.

Micro Credit - Personal loans given to BPL families upto a max limit of Rs
50,000 is called micro credit.Personal loan means- usko sharab ke liye
chahiye to usmien laga de,beti ki shaadi karni hai to wo karde jo uska
mann chahe.

Micro Finance- It is a loan provided for development of employment

generating industry. eg SHGs
SHGs loan limit Rs 5000/- to Rs 10,000/- per person.

Bank rate is rate at which RBI discounts long term securities by banks
and provides loan in return.it is fixed by RBI.

PRIORITY SECTOR LENDING

a) Manufacturing Enterprises i.e. Enterprises engaged in the

manufacture or production, processing or preservation of goods as
specified below:

(i) A micro enterprise is an enterprise where investment in plant and

machinery does not exceed Rs. 25 lakh;

(ii) A small enterprise is an enterprise where the investment in plant and

machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore; and

(iii) A medium enterprise is an enterprise where the investment in plant

and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.

In case of the above enterprises, investment in plant and machinery is the

original cost excluding land and building and the items specified by the
Ministry of Small Scale .

(b) Service Enterprises i.e. Enterprises engaged in providing or

rendering of services and whose investment in equipment (original cost
excluding land and building and furniture, fittings and other items not
directly related to the service rendered or as may be notified under the
MSMED Act, 2006) are specified below.

(i) A micro enterprise is an enterprise where the investment in equipment

does not exceed Rs. 10 lakh;
(ii) A small enterprise is an enterprise where the investment in equipment
is more than Rs.10 lakh but does not exceed Rs. 2 crore; and

(iii) A medium enterprise is an enterprise where the investment in

equipment is more than Rs. 2 crore but does not exceed Rs. 5 crore.

1.2 Bank Loans to Micro and Small enterprises, both Manufacturing and
Service are eligible to be classified under Priority Sector advance as per
the following:

Name the categories that are excluded from getting loans on base rate?

ans..
1. Loans to employees

2. DRI (Differential Rate of Interest) Advances

3. Loans against deposits

Base rate is decided by bank itself...and it was recommended by Deepak

Mohanty Committe which replaced plr and bplr

monetary policy wo policy hoti jisse central bank of a country

economic stabilty lata hai country mien jo in turn employment ko
badawa deti hai

SARFAESI ACt 2002,

This act is used by banks in order to auction mortgaged or hypothecated

properties of defaulters. This process is adopted by banks when NPA
reaches its 3rd category i.e Doubtfull assets.
Before the auction the NPA holder is provided with 60 days prior
notice.Once the auction is completed , the excess income from the
auction is transferred to the borrowal a/c of defaulter.

Some cases are exempted from auction of mortgaged property under

SARFAESI act ,2002
1. Security interest of less than 1 lakh rupees
2. Agricultural lands
3. If 80% of the loan value + interest is received by bank.
4. If principal amount of loan value is received by bank

SARFAESI act 2002 is enforsed by DRT Debt recovery tribunal...which also

enforces RDDBFI act 1993,
RDDBFI - Recovery of debts due to banks and financial institutions
Red Herring Prospectus

jab v koi company SEBI m register hoti h under company law 1956 use
apni company ki poori jankari deni hoti h kuch chupa nh skti about the
company(jaise kisi school college m admisn lene jao to prospectus dete
h)
RED herring isliye bolte h kyuki red herring ek fish h britain m payi jati h jo
transparent hoti h to usse aar paar dikhta h :)
hope thk se smjhaya :

tale Cheque
agar cheque pe jo date pdi h usk 3 months bd agr bank k pas jao payment k liye..
to bank wale bhaga demge..:P
payment ni krnge..this is called stale cheque.

Post Dated Cheque

Agar cheque me Future date pdi h means agar aj 30 h to 5thjuly ki date pdi h..to
use post dated cheque kha jayega..

SHG

To understand SHG first aapko Micro Credit and Microfinance ka

conceptual difference clear hona jaroori hai....

Microfinance ka idea was given by Mhd yonis Khan jiske liye he was
awarded with nobel prize in economics in 2006.
Microfinance means to provide small loans for the development of
employment.
Yhain se SHG ka concept aaya bangladesh mien sabse pehle i think 1992
mien.....
India mien SHG traditionally ek homogenous group hota hai i.e either men
or women.
It must have 10-20 unemployed men or women from rural areas.In case
agar SHG mien koi banda handicapped hai then SHG group is considered
as 5- 20 members min and max.
India mien sabse pehle swarna jayanti gram swarozgar yojna ke antar gat
SHG groups ke liye benifits dene start kiye gaye they, This yojna changed
its name to NRLM National rural livelihood mission in april 2013. It states
to " build powerful institutions of poor in rural area especially women"
which is the main reason behind SGH women based groups to have easier
loan rates etc.

Under SHG groups each person is entitled to get a loan ranging from
5000/- to 10,000/- . NABARD started an initiative known as SHG bank
linkage program to facilitate loan facility to SHG..but the SHG must be in
exsistance since 6 months and must have maintained a proper a/c with
the bank showing profit with the same.

Advantages of SHG

1. A poor person feels financially stronger in an institution

2 Lenders now need to maintain only one a/c rather than so many small
a/c of individuals.

Authorised capital

maan lo X company ki authorised capital 1000 crore h aur wo sirf 500

crore k share market m utarna chahti h to ye 500 crore ko IPO khenge
Initial public offer.....aur iss IPO p jo public boli lagayegi use khenge callup
capital itna aaya smjh m
PAid up capital wo hoti h jo unn shares ki actual value hoti h market m
maan lo company koi share utarti h to use kuch value de deti h ki 1 share
200 rs ka h.Venture Capital is high risk capital on which any business is
started matlab jis paise se business start krti h company. high risk isliye
bolte h kyuki india m 80% business plan fail ho jate h :))

GDR-global depository reciept....agar koi india ki company kisi dusri

country ki company ko khareed leti h phr wo jo IPO deti h use GDR khte
h...aur agar ye company USA ki h to GDR ko ADR kehte h american
depository reciept.

1-NRE-non resident external A/c opened in indian currency.

2-NRO-non resident ordinary a/c ye v indian currency m hota h
3-FCNR-foreign currency non resident a/c
in six currencies....american dollor,sterling pound,yen.euro,australian
dollor,canadian dollo

Tier- 1 and tier-2 sabne sahi samjhaaya hai...incase aapko interview

mien poocha jaata hai...then

NITI Aayog

Union Government on 1 January 2014 set up the National Institution for

Transforming India (NITI) Aayog. NITI Aayog that replaced the 65 year old
Planning Commission will be headed by Prime Minister. It will have a
governing council comprising Chief Ministers of all the states and Lt.
Governors of Union Territories.
Apart from this, the NITI Aayog will also have a Vice-Chairperson and a
Chief Executive Officer (fixed tenure, in the rank of Secretary to the
Government of India), who will be appointed by the Prime Minister.

DIFFERENCE BETWEEN THE NITI AAYOG AND PLANNING COMMISSION

Under the Planning Commission centre-to-state one-way flow of policy
existed, whereas, the NITI Aayog has planned a genuine and continuing
partnership of states. Now, state governments can play an active role in
achieving national objectives, as they have been empowered to provide
with strategic and technical advice across the spectrum of policymaking.

Functions that will be undertaken by the NITI Aayog

It will develop mechanisms for formulation of credible plans to the
village level and aggregate these progressively at higher levels of
government
 Special attention will be given to the sections of the society that may be
at risk of not benefitting adequately from economic progress
It will also create a knowledge, innovation and entrepreneurial support
system through a collaborative community of national and international
experts, practitioners and partners
It will offer a platform for resolution of inter-sectoral and inter-
departmental issues in order to accelerate the implementation of the
development agenda
It will also monitor and evaluate the implementation of programmes,
and focus on technology upgradation and capacity building.

Composition
Chairperson- Prime Minister.
Governing Council- It will consist of- Chief Ministers (of States) and Lt.
Governors (of Union Territories).
Regional Council- It will be formed on need basis. It will compromise Chief
Ministers (of States) and Lt. Governors (of Union Territories).
Vice-Chairperson- To be appointed by the Prime Minister.
Members- Full time Basis.
Part time members- Maximum of 2. They will from leading universities
research organizations and other relevant institutions on a rotational
basis.
Ex Officio members- Maximum of 4 members of the Union Council of
Ministers to be nominated by the Prime Minister.
Special invitees- They will be nominated by the Prime Minister and will be
experts, specialists and practitioners with relevant domain knowledge as
special invitees.
Chief Executive Officer- Appointed by the Prime Minister for a fixed tenure,
in the rank of Secretary to the Government of India.
Secretariat- If deemed necessary.

Municipality Bond also known as Muni Bond . Thease are issued by

Municipalities to pool money for the infrastucture development of the
municipality.
thease are regulated by SEBI and SEBI has recently given new guidelines
for it.

new timings of RTGS

8 am to 8 pm - weekdays
8 am to 3:30 pm on saturdays
Earlier time limit for settlement was 2hrs which is nw reduced to 30
minutes.
Timings for NEFT
8 am to 7 pm in 12 batches on weekdays
8 am to 1 pm in 6 batches on saturdays

Immediate Payment Service (IMPS) is an initiative of National Payments

Corporation of India (NPCI). It is a service through which money can be
transferred immediately from one account to the other account, within the
same bank or accounts across other banks

BRIDGE LOAN

bhai loans short term nahi hote...issilye maanlo ki ek company ne market

mien 1000 ke shares nikaale to aisa to nahi hai ki usko pehle din hi 1000
mil jayega...to apni long term financial need ko poora karne ke liye wo
short term loan le leta hai bank se jisko bridge loan bolte hain...banks ye
loan RBI ke acc 2 months se 1 year tak ka hi de sakta hai.

BASEL 3
3 PILLAR
1. MINIMUM CAPITAL STANDARD
2-SUPERVISORY REVIEW
3- MARKET DISCIPLINE
TIER 1 N TIER 2
IN TIRE 1 MINIMUM CSAPITAL STANDARD
GOING CONCERN
IN TIER 2 GONE CONCERN
THERE R 2 TYPE OF GOING CONCERN
1- COMMON EQUITY
2-ADDITIONAL TIER 1
IS K ALAWA CAPITAL CONSERVATION BUFFER -CCB
B BNANA HOGA

A merchant bank is a financial institution that provides capital to

companies in the form of share ownership instead of loans. A merchant
bank also provides advisory on corporate matters to the firms they lend
to. In the United Kingdom, the term "merchant bank" refers to an
investment bank.

for all engineers a question can be asked u know what

Ans..."engineer" means to arrange manage or carry through by skillful or

artful. Hence Engineering means to skillfully managing things and banks
do need such people. Moreover being an engineer one can check the
feasibility of a project and suggest rather it is viable or not. Moreover, One
can also help an entrepreneur when he/she is facing a technical issue.
Overall engineering helped me to develop my technical ability,made my
mind sharper and also developed by analytic ability . My good
Communication skills , supports me for providing good customer
services.What else do you want.

Hope It Helps :)

Term related to Share market and might be asked

Bull speculator- who anticipate share price will go up in near future.

Bear speculator- who anticipate share price goes down...actually these

speculators are there for building up a fear in the mind of
investors...usually investors who are making profit regularly do not
anticipate a fall and this have resulted in huge losses to investors.

CTS is quite crucial for upcoming bank exam so here is all u need to
know

CTS mien cheque ki physical movement ke bajaye presenting bank

captures the data on MICR band ("agar aapne CTS waale cheques deke
hoinge to usmien ek rectangular block pe lines bani hoti hai wo MICR band
hota hai") and the image of cheque.

To ensure safety , security and non-repetition of data RBI has introduced

end-to-end PKI (Public key infrastructure) in CTS.

For the purpose of participation presentation bank and drawee banks are
provided with an interface called Clearing House Interface(CHI) that
enables secure transmission of data and images to clearing house.

CTS cheques has issued a new Security Feature which could be asked in
interviews this security feature is called Security Cage.

Earlier people take out coloured photocopy of cheques since branches

are CBS enabled so this was misused by miscreants .This Security Cage
when photo copied displays VOID on that particular Area and banker can
identify it as a photocopy of cheque
WHAT IS THE DIFF BTWN IDBI and IDBI BANK?

Ans...IDBI financial institution hai i.e. it dont allow any type of deposits
and only provide financial aid for Infrastructure development plus it is the
regulatory authority of SEBI

IDBI bank is a nationalised PSB jismien GOI ka sabse jyada share hai
compared to any other bank its 70%...moreover it can provide all services
like a bank

TRICK TO REMEMBER TYPE OF TAXES

DIRECT TAXES------- "WePro.Co.In"
We:-wealth tax
Pro:-property tax
Co:-corporate tax
In:-income tax
INDIRECT TAXES ----- "ExCuSe ME"
Ex:-excise tax
Cu:-custom tax
Se:-service tax
M:-market tax/vat
E:-entertainment tax

1.On site ATM -within the premises of bank

2.Off site ATM - Outside the bank premises

3.White Label ATM - Provided by NBFC

4.Green Label ATM - Provided for Agricultural Transaction

5.Orange Label ATM - Provided for Share Transactions

6.Yellow Label ATM - provided for E-commerce

7.PINK label ATM---women banking

8.BROWN label ATM-- ATM are those Automated Teller Machines where
hardware
and the lease of the ATM machine is owned by a service provider--but
cash
management and connectivity to banking networks is provided by a
sponsor bank .
Pillars of basel

1. Minimum capital- to cover credit risk operational risk market

risk..example basel-3 ke liye Rs 2,40,000 crore

2. Supervision review process- each bank apna review process carry

karta jisse ICAAP Internal capital adequacy assessment process bolte..to
check this ICAAP RBI ne SREP supervisory Review and evaluation process
banaya hai

3. market discipline- This enforces each bank to disclose its Tier-1 and
tier-2 jisske ki CAR pata lagaya ja sake..example basel -3 ke liye tier-1
minimum 6% hona chahiye aur CAR-10.5%....CAR for Basel-2 is 9%

Term Repo- This is a new concept please try to understand ...

ek mahine mien 4 Friday hote hain generally...inko 2 category mien divide

kiya jaata hai...1st and 3rd Fridays as Non-Working Fridays while 2nd and
4th Fridays as Working Fridays now keeping that in mind come to a total
different point

RBI Auctions 0.75% of NDTL of all Public Sector Banks on these Working
Fridays.....For example suppose 0.75% of NDTL was Rs 5000..So Only
PUBLIC SECTOR BANKS can participate in this Auction which occurs at 2nd
Friday according to their need of Money by biding for interest rate i.e bank
that bids a certain value of money at higher interest rate gets that amount
as a whole or in deduction according to their requirement...For instance
suppose Rs 5000 were auctioned and only Rs 3000 were taken by a
banks/banks keeping in mind it can be only PUBLIC SECTOR BANK...now
the remaining amount will be auctioned on 4th Friday.....Now the money
that is borrowed on 2nd Friday can be repaid either on 3rd Friday or 4th
Friday...i.e either in 7 days or in 14 days.

So Term Repo is the money borrowed by banks from RBI for 7/14 days.

Now question arises about interest rate..as it is a bidding system..hence

its obivious that interest rate will be higher than Repo Rate..

Hope it is Clear :)

Concept of SGL a/c- Subsidiary General Laser a/c...

First of all ye a/c banks kholte hai RBI mien and they can hold both govt
securities as well as cash..
All of us know how Demat a/c works..those who don't....If u buy a share
electronic share will get deposit in ur demat a/c while cash will be deucted
from ur savings a/c..similarly if u sell shares savings a/c gets credit and
electronic share get debited...
Same criteria works for SGL a/c....when bank requires a loan which can be
repo , term repo , bank rate, MSF...this purchasing is done against
discounted securities both short-term and long-term according to banks
need and for repayment of a loan bank returns face value of securities to
RBI...when RBI gives a loan to bank electronic form of securities are
debited from thier SGL a/c..

Hope its clear :)

CP-
Maalo kissi company ko 100 crore ka project lagaana hai..uske paas 90
crore hai..baaki ke 10 crore ke liye wo bank jaata hai aur bolta hai ki yaar
mera current a/c hai iss bank mien mujhe ovedraft kardo 10 crore
ruppee...ab bank ne har company ki limit bana rakkhi hoti hai..maanlo us
company ki limit 8 core ki hai....to bank ka since wo bada customer hai to
bank uski jaroorat ko poora karega hi karega...wo bolega ki yaar 8 crore ye
cash lelo aur 2 crore ke mien CP issue kar diye deta hoin jispe guaranttee
meri (bank) ki hogi....ye CP fir wo company market mien daal degi aur
since guarantee bank ne li hai to money market waale log usko khareed
bhi leinge...to this is concept of CP.

Now in banking terms

CP can be issued by a company if-

1. Net worth of company in latest balance sheet is at least Rs 4 crore.

2. Working Capital of Company is at least Rs 4 crore.

3. borrowing a/c of company is classified as a Standard Asset by bank.

Min Maturity - 7days

Max Maturity- 365 days

CP can be issued in multiples of Rs 5 lakhs and thereof

Only a scheduled bank canissue a CP.

CD ka koi khaas concept nai hai..bank ko agar borrowing karni ho aur wo
RBI se loan nahi lena chahta then wo Interbank call money market mien
CD issue kar deta

Min maturity- 7 days

Max- 365 days

issued in multiples of 1 lakhs and thereof

RRB and local area banks nai issue kar sakte ...else saare financial
institutions like IDBI, IFCL etc sab issue karte hain..aur saare scheduled
commercial banks bhi

explain in detail how inflation is related to employment

Ans..

maan le miene tereko 10,000 rupee diye..tune khus hoke mobile khareed
liya...miene 10 aur logoin ko 10000 rupee diye sabne jaake mobile
khareed liya....logoin ki DEMAND bad gayi kyuki logoin ke paas MONEY aa
gaya....ab jab logoin ke paas paisa aa jayega to company ke paas product
ke supply kam padne lagegi aur usko demand ko poora karne ke liye apni
production badaani padegi...production badaane ke liye usko
manufacturing units badaani padegi..pehle jis ek machine se 2 phone
nikal rahe they ab 4 machine se 10 phone nikleinge...to machine company
ne khareede jyada to handlers bhi hue jyada ...obiviously eng rakhna
padega labour jyada rakhni padegi to EMPLOYEMENT bad jayegi...ab since
company ki production cost badegi to usko paisa customer se wassolna
padega...to 10000 ka mobile 15000 ka ho jayega...this is INFLATION.

What is the TDS rate if interest exceeds 10,000/- in savings

account for PAN card holders?

Ans...till 10,000- no tax

above 10,000 - 10% TDS in case of PAN card
Above 10,000- 20% TDS in case of no PAN card..
ex.. if earned interest is 12000..TDS will be 10% / 20% of 2000

Ans..10%
for non PAN card holders 20%

ENGINEER IN BANK Hawww???:P:P:P

Engineering is a graduation in professional field and a graduation makes a

person mentally and logically matured enough to efficiently perform any
task to which he is assigned to. So there is nothing harmful in the fact that
an Engineer is going into banking sector. Also opportunities in Engineering
sector is not so wide enough to employ all passed out candidates in a year
in India, whereas banking sector is a grooming sector. One should not
have fascination about doing jobs in their own field only in present days
market which may ruin their career outright.Its all about thinking and
acting practically. N u noe d main point is engg can complete any work
under stress...like we studied one day b4 exam n completed
assignments:))

NARROW BANKING

Ans... the reason behind adopting narrow banking is rise in NPA..so if it is

asked how can u prevent NPA in banks u can answer this as a
solution....technically it is investment by banks in safer govt securities,
gold , KVP etc by banks to recover losses of NPA

What are the new timings for RTGS to be adopted from 29th
december 2014 ownwards?
Ans.
.8 am to 8 pm on weekdays
8am to 3:30 pm on Saturdays

FDI

FDI is foreign investment in a LISTED company which is more than or

equal to 10%....
suppose nickclause invested 9% of paid-up capital in the first year then
within 1 year he needs to take his investment to 10% if he wants to treat
it as an FDI else it is FII
FII and FPI are investments less than 10% in a LISTED company...FII means
investments in infrastructure etc. i..e productive assets..while FPI is
investment less than 10% in a financial asset i.e shares ,stocks bonds etc..

In UNLISTED company any foriegn investment is a FDI

Hope its clear.

INSURANCE

Insurance is a subject listed in the Union list in the Seventh Schedule

to the Constitution of India.

That means only Union Government can make laws on insurance

(a state Government cannot make law on this subject).

INSURANCE OMBUDSAMwas created by a Government of India in 1998

Functions of Insurance Ombudsman

Receive and consider complaints in respect of insurance from any person

who
has any problem against an insurer.pass an award within 3 months after
receiving complaint.Insurance companies are required to honour the
awards passed by an Insurance Ombudsman within three months.If the
policy holder
[customer] is not satisfied with the award of the Ombudsman he can
approach other venues like Consumer Forums and Courts of law for
redressal of his
grievances.

To understand what FDI in insurance means, one must know what

FDI actually means, what happens when a country's sector accepts
investments from another country.

Foreign direct investment (FDI) is a direct investment into production or

business in a country by an individual or company of another country,
either by buying a company in the target country or by expanding
operations of an existing business in that country.
How to keep debit card operational ?

Ans. To get benefit of Accidental Insurance Cover, RuPay Debit Card must
be used at least once in 45 days.
PAYMENTS OF CHECK OTHER THAN INDIAN CURRENCY??

Cheques denominated in currencies other than Indian Rupees such as

Euro, Pound Sterling, US Dollar, Yen, etc., are called foreign currency
cheques. Foreign currency cheques include demand drafts, personal
cheques, bankers cheques, cashiers cheques, travellers cheques, etc.
Since such cheques are not payable in India they are, therefore, required
to be sent to the country concerned for realization of proceeds.

There are basically three types of (realization)arrangements adopted by

banks -

Cash Letter Arrangement (CLA

Direct Collection Arrangement (DCA)

Final Credit Services (FCS)

Define
1. Narrow banking and its 1 use?
2. Universal banking and its 1 use?
3. Parallel banking?
4. Para banking?

1. Narrow banking - When bank invests in safer mediums like govt

securities, KVP , Gold etc.. it s called narrow banking
Use- Controls NPA

2. Universal Banking - It means that bank provides all banking services at

a same point..i.e. u dnt ned to run to different branches to avail services.
Use- Financial Inclusion

3. Parallel banking - When bank is participating in illegal activities like

Hawala trading, unauthorized fund transferring etc

4. Para banking - When bank perform functions other than traditional

banking activities like mutual funds , bankassurance , selling of gold coins,
conducting of exams etc.

Lead bank n sponsor bank

lead bank is 4 one district all banking buisinessheaded.by 1 bank in the
same district.....
sponser bank are those which is helf rrb in performing banking activity

A/c based on when no transactions are done

inoperative a/c- 0 ------------6 months

2. dormant a/c- 6 months--------2 years
3. un operative a/c- 2 years ----------10 years
4. unclaimed a/c- more than 10 years
Unclaimed a/c are deposited by banks in RBI at reverse repo rate

Indian Constitution ka at present kaunsa sa ammendment chal raha

hai..aur us ammendment mien kya latest entry hai?

Ans...124 th ammendment of Indian Constitution at present ...which states

about NJAC bill national judiciary appointment commission....for
appointment of judges....to repalce colliguim system

NABARD subsi-
NABCONS- nabard consultancy services
NABFINS - nabard financial services
BIRD - banking institute for rural development
ABFL - agri business finance limited

RBI subsi-
NHB - national housing bank
DICGC
NABARD
BRBNMPL - bharatiya reserve bank note mudran private limited.

MIGA is a member of the World Bank Group. MIGA aims to promote

foreign
direct investment (FDI) into developing countries to help support
economic growth, reduce poverty, and improve people's lives.
MIGA consists of total of 177 member Governments, out of which 152 are
developing and 25 are industrialised countries.

The National Democratic Front of Bodoland (NDFB) is an armed separatist

outfit which seeks to obtain a sovereign Bodoland for the Bodo people in
Assam, India. It is designated as a terrorist organization by the
Government of Indiapproval

NDC - National Development Council deta tha

NDC me state cms the
NDC ko merge kar diya aur naya naam de diya .
kuch aur ni kiya - :/

NATIONALISATION OF BANK WAS DONE??for??

1 social welfare
2 expension of banking
3 develop banking habit
4 control privatisation
5 improve priority sector
6 financial awareness and access.

Post offices can now issue ATM cards to account holders and traditional
passbook
system will be replaced by the account statements - similars to proper
banks.

However,
these facilities will be limited to select branches that are connected to
Core
Banking Solution (CBS) network.

CBS network
connect all branches of a bank and this enables real time transaction on
an
account.

The move, already in effect, however will

hardly benefit the rural population as only 676 post offices out of the
total 1.55 lakh are connected to CBS network for the time being
\over qualify means over performance it is to help me facing chalange to
use my skill in practical case how interact with team mamber to achieve
objective of bank.

Qualititative control measure by rbi:-

1=rationing of credit
2=marginal requirement
3=moral suasion
4=direct action

ab neft wali doubt of akshay

NEFT humara National Clearing Cell k thru hota....directly banks k beech

nai hota.....listen

Ek h humara National Clearing Cell(NCC) of RBI at Mumbai, this is data

processing NEFT clearing house.

NEFT-Process Flow

Sending bank----->sending NEFT service centre------>Neft Clearing

centre----->Receiving Service centre------>Beneficiary branch

Core Banking

Core banking matlab centralised branch computerization model jisme

saari branches are connected to centralised host.

yeh ek bank ki saari branches ko connect krta h which helps in branch

automation, online multiple delivery channels like ATM, debit card, mobile
banking, internet banking, etc.There is a central database for the bank
and transactions are done centrally, online.

National Export Insurance A/c..it insures those export projects which ECGC
cant provide cover to.

who will form the panel for appointment of judges in NJAC ?

6 member.. headed by CJI, two senor most supreme court judge, law
minister, two emmminent person,
these imminent person will be chosen by PM, leader of opposition , CJI
Ans...municiplaity bonds to pool money for infrastructure development of
municipality
they are regulated by SEBI
min maturity - 3 years

yaar consent means koi cheez jo ki swabhimaan ya pad ki garima ko

maddenazar rakh kar ki gayi ho...ye shayad ek aisa cluase hota
hai..jismien person ki good will pe decisions decide kiye jaate hai...jaise ki
koi minister pledge leta hai..ki mien etc...ye ek consent clause hai

barter economy:- an economy model of international trade in

which goods are exchanged for goods without the existence of
money

five banks are allowed to import gold

HDFC Bank, Axis Bank, Kotak Mahindra Bank, IndusInd Bank and
Yes Bank.

1. RBI permits private banks to import gold

ismien 80:20 ratio mien bank ko gold import karna allowed hoga......iska
reason ye hai ki pehle jin tareekoin se gold import kiya jaata tha usmien
kaafi maal fake nikalta tha as caratometer surface pe gold ki parat ko
check karta tha.....
ab ye banks ke liye important hai ki unko 80% gold jo import kiya hai usko
domestic use mien lana hai while 20% ko unko export karna mandatory
hai....Banks jinko allow kiya gaya hai they are HDFC axis kotak mahindra
indusInd and yes bank

2. RBI eases gold dore import norms

gold deore mien 90% gold hota hai and 10% silver copper etc..
Rbi ne bola ki refinaries ko apni total consignment jo ki import karni
allowed hai uska 15% pehle 2 months mien import kar lena hoga...
they will allow strictly follow 80:20 scheme...
unko baaki ki consignment tab tak nahi di jayegi jab tak wo 80:20 ko
follow na karein....
unko sirf 5 times hi import ki permission hogi jismien unko apna poora
consignment uthana hoga aur 80:20 ko dikhaye bina wo next consignment
ko nahi import kar sakte
Hope it is clea

Lead bank-
lead bank wo bank hoti hai jo ki kissi district ke development ki
responsibility leti hai...iske selection ka koi criteria nahi hota hai.....kaafi
log ye bolte hain ki lead bank is a bank jiski branches jyada hoin area
mien...this is totally absurd...lead banks mutual consent se ek district ka
jimma le leti hai.
iska matlab since india mien 640 districts hain....there are 640 lead banks
in india.

ince branch ko apna daily crr MAINTAIN karna rehta hai...issiliye rbi chest
branch ko appoint kar deti hai jismien ki bank ko minimum 95% of crr ko
maintain karna important hai...if it fails to do so to usko total 100% mein
se shortfall ka penalty dena padega
which is Bank rate + 2% for first day
bank rate + 3% for further

chest branch ke selection ka koi criterai nahi hota ye bas RBI appoint kar
deti hai..ek region mien 4-5 chest branches ho sakti hain

GPF General Provident Fund which is for the Government Employees.

EPF Employees Provident Fund for Private sector where 12% of

Employees share and 12 % of Employers share of Basic Salary + DA is
deducted and remitted to PF Authorities.:P

sir,
when i took admisiion in btech i was not enough mature to make decision
abt my career n i went my parents way .as no 1 from my family is fom
technical background so i took admision in private college aftr 3 years i
realized iwill not get any placement from here. then after getting job from
outside sources in a private company was not satisfied with it n decide to
prep 4 banking meanwhile i craccked gate n as with scholarship i was able
to hadle my expenses i prepared side by side 4 banking ...
from last 1 n ahlf year i m dedicated to it n finally i here.(yeh last line
jhooth hai project mein busy tha .isliye last 3 months se).
as i had no other option left either go home n prep or to join mtech...i
knew that i had to join any college as prof which i was not ready 2..

as government had just laid the rules tat no psu will place students from
nits n iits directly so i had this in mind i will not get placed ony teaching
option was left..

consolidated - isme ssare loans aur revenues add hote hai ..:):) (jo lena hai
aur jo le chuke)..ye part hai budget ke...

contigency-ye paisa baccha ke rakh diya jata hai ki bhai koi emergency ho
toh de dena aapada mein..

inflation- lagataar badti mehngai....(ye loss of money value karti hai

deflation-where there is decline in general price levels. Thus, deflation

occurs when the inflation rate falls below 0%

he can go to debt recovery tribunal..but he can not go to any court.

If not satisfied with the DRT he can appeal to Debt Recovery Appellate
Tribunal (DRAT). But for appealing to DRAT he has to deposit 50% of the
pending loan money.

I don't know abt ppl sitting outside as I do not them personally but I know I
am here bcoz of my hardwork and I willing to put all my efforts for growth
of bank.

Role of a bank PO

Job of a PO is diversified
A PO is responsible for Cash Management of a bank branch
supervision of clerical work
loan processing and assessment
recovery loans
visiting sites
distributing atm pins, issuing cheque books, dd

And most imp handling customers complaints

Hope this helps !

enginners are famous for using limited resources to give maximum
outpout. In other words they have the skills to manage their available
resouces effectively.
Now as we know in banking sector a manager is supposed to manage all
his available resorces say manpower, technology etc to give maximum
benefit to the bank and to improve its growth.. that is why an enginners
will be a good manager and work effectively as a PO.

k saath ek baar paste kr rahi....kch jyada hi scatter hogya, jinko nai

chahiye read more mat krna....mjhe kosoge warna :P

Money Laundering is a process whereby the origin of funds generated

by illlegal means is concealed(drug trafficking, gun smuggling, corruption,
etc.).The objective is that illegally gained capital and assets seem as
though obtained from legitimate source.

# stages of money laundering

--placement--It is the 1st stage of money laundering.itreferes to physical

disposal of proceeds of criminal activities

--Layering--layening is the process by creating complex layes for financial

transactions..layering conceals the audit trial and provides anonymity

--Integration--the 3rd phase which means placing laundered money into

the

economy as normal funds

act- FEMA to prevent laundering through FDI,HAwala

PMLA- tied with FEMA to prevent money laundering in India at every level

Banks- introduced KYC

prevent krne k liye Prevention of Money Laundering Act, 2002 h.

iske under ata h Know Your Customer guidelines......woh sabko pata hi

h...........

obligations under PLMA,2002:

iske under there are following reporting obligations for banking
companies....kisko- Director of FIU-IND.....

kya h yeh obligations----CTR and STR

Now....Cash Transaction Report(CTR)...

-jo bhi saari cash transactions ki value Rs.10 lakh or its equivalent in
foreign currency

-jo bhi saari series of transactions h jinki individual value bhale hi Rs. 10
lakh se kam ho but as a whole exceeds 10 lakh.

-woh saari cash transaction jisme forged ya counterfeit currency notes or

banknotes use hue ho..........

individual transactions for below Rs.50,000 are not to be included in CTR

Now....STR

Suspicious Transactions Report....

jo bhi suspicious transactions ho...agar false identity lage, ya related to

documrents kch galat ho woh sab suspicious k under ata h..........strict
implementation of KYC guidelines should be followed

The Prevention of Money laundering Act, 2002 and the Rules thereunder
require every

banking company to furnish details of suspicious transactions whether or

not made in

cash. Suspicious transaction means a transaction whether or not made in

cash which, to

a person acting in good faith

(a) gives rise to a reasonable ground of suspicion that it may involve the

proceeds of crime; or

(b) appears to be made in circumstances of unusual or unjustified

complexity; or

(c) appears to have no economic rationale or bonafide purpose.

pehle BPL families ka subsidy ka paisa nai mil paata tha...jab wo jaate
they maangne to yaa to unko kaafi w8 karaya jaata tha..ya fir commission
liya jaata tha.....is currruption ko door karne ke liye govt. ne DBTL Direct
benefit transfer on LPG introduce kiya jismien ki BPL family ke bank a/c
mien subsidy transfer ki jayegi through ECS electronic clearing
system....this ECS will be maintained by NPCI

Special Economic Zone (SEZ) is an area where economic laws are

more relaxed than a country's typical or national laws.

The main objectives of the SEZ Act are:

(a) generation of additional economic activity

(b) promotion of exports of goods and services
(c) promotion of investment from domestic and foreign sources
(d) creation of employment opportunities
(e) development of infrastructure facilities

The major incentives and facilities available to SEZ developers

include:-

1.Exemption from customs/excise duties for development of SEZs

for authorized operations approved by the BOA.

2.Income Tax exemption on income derived from the business of

development of the SEZ in a block of 10 years in 15 years under
Section 80-IAB of the Income Tax Act.

3.Exemption from minimum alternate tax under Section 115 JB of

the Income Tax Act.

4.Exemption from dividend distribution tax under Section 115O of

the Income Tax Act.

5.Exemption from Central Sales Tax (CST).

6.Exemption from Service Tax (Section 7, 26 and Second Schedule

of the SEZ Act).
bhai jaisa ki maine padha h ki jo banks starting se he govt h..jaise ki
sbi,idbi,bmb...these are PSB and jo banks private se govt m convert hue h
wo nationalized h....

bonus shares-
Some times company distributes its profit in the form of share...such as
suppose Discover purchase equity shares worth 10 lakhs of a company
X....now Company goes in profit and while purchasing the shares it
promised u that in case u purchase shares above a certain limit....and plus
if company meets profit..it will provide u some bonus shares as incentive.

Debentures-
when a company takes a loan from market it issues debentures...these
debentures are sold at discount to face value and no intrest is paid on
it....after a certain time company will return debenture holder the face
value of the debenture...debenture holders recieves no voting rights in the
company

No ...shares pr jo return milta hai wo dividend hita hai or or debenture

holder xompany ka .

Debentures preference shares equity shares

I think each one of u know the basic concept so i wont go in much deep.....

Suppose elena , yam and nicklause,and discover owns the company

elena purchased debentures worth 2 lakhs from discover's company....now

these debentures shall be issued to her at discount to face value...and no
interest is paid..this is a must concept among all......elena won't have any
voting rights in discover's company ....and its like a liability of discover to
pay back elena's money no matter what.....

yam purchased preference shares of 1 lakh from discover's

company.......yam is subjected to have share in profit...but how he will get
it ...i will discuss it too...its a no risk situation for yam but he will surely
recieve some interest...but as no risk is there hence no voting rights

nicklause purchased equity shares worth 2 lakh from discover's

company...since equity shares are subjected to market risk....nicklause will
have voting rights as well as right to recieve dividend from profit....
coming to profit...suppose discover company make profit of 10
lakhs....now he first need to pay 2 lakhs to elena...remaining 8 lakhs which
is DIVIDEND shall be paid to yam accordingly % as promised....and
afterwards 2nd DIVIDEND shall be paid to nicklause as % promised....

In case discover company meet loss and only make 3 lakhs

cash....discover need to return elena's share of 2 lakh no matter
what...even if need to sell his clothes....
remianing 1 lakh shall be paid to yam...no matter what but DIVIDEND is nt
guarenteed...and elena makes profit no matter waht.....nicklause..sry bro
baabaji ka thullu

1) Using MICR data-isme kya hota h jo MICR code hota h cheque mein,
that along with amount and payee's name is encoded in MICR line and this
line is sent electronically.

2)Using image processing-isme bhai cheque k dono side ko scan

krke....isko digital form store kr send krdete h.

Nbfc cant accept demand deposits.

Nbfcs are not a part of the payment and settlement system and cant
issue
cheques drawn on themselves

Nbfcs are not registered in the banking act and dont have a banking
license.

Nbfcs dont have to maintain CRR, SLR or CASA like banks

OD- overdraft is excess money that a current a/c holder may withdraw
from his a/c

CC- cash credit is the amount which a current a/c holder may withdraw
from his a/c even in case of zero balance in his a/c

CASA ratio is current a/c and saving a/c ratio with total NDTL...currently
ministry of finance said that all PSB should maintain 40% CASA ratio
Yield curve

its a curve between interset rate vs time period....

ye kisi bhi time period ke liye ho sakti hai ...
showing several yields or interest rates across different contract lengths
(2 month, 2 year, 20 year, etc...) for a similar debt contract.......

this curve is a measure of market's expectation of future interest

rate,given the current market condition.... A line that plots the interest
rates, at a set point in time, of bonds
having equal credit quality, but differing maturity dates. This yield
curve is used as a benchmark for other debt in the market, such as
mortgage rates or bank lending rates. The curve is also used to predict
changes in economic output and growth.

The shape of the yield curve is closely scrutinized because it helps to

give an idea of future interest rate change and economic activity. There
are three main types of yield curve shapes: normal, inverted and flat
(or humped). A normal yield curve (pictured here) is one in which longer
maturity bonds have a higher yield compared to shorter-term bonds due
to the risks associated with time. An inverted yield curve is one in
which the shorter-term yields are higher than the longer-term yields,
which can be a sign of upcoming recession. A flat (or humped) yield
curve is one in which the shorter- and longer-term yields are very close
to each other, which is also a predictor of an economic transition. The
slope of the yield curve is also seen as important: the greater the
slope, the greater the gap between short- and long-term rates

exim bank import export k transaction ko dekhta h

aur ecgc insurance cover provide karta h export trade k risk par

token money..._money where the face value of notes or coins is unrelated

to the value of the material of which they are composed.
fiat money--Fiat money is currency which derives its value from
government regulation or law.ex 1 rs note

diff--
token money produces by RBI
fiat money produces by GOI

Procedure under Automatic Route

FDI in sectors/activities permitted under automatic route does not require
any prior approval either by the Government or RBI. The investors are only
required to notify the Regional office concerned of RBI within 30 days of
receipt of inward remittances and file the required documents with that
office within 30 days of issue of shares to foreign investors.

Procedure under Government Approval

FDI in activities not covered under the automatic route require prior
Government approval. Such proposals are considered by the Foreign
Investment Promotion Board (FIPB), a Government body that offers single
window clearance for proposals on foreign investment in the country that
are not allowed access through the automatic route.

high value clearing.... RBI

...

.The fall in crude oil price is good for all

users, including major importers like India, as itlowers their trade
deficit and
hence strengthens their currencies.

2.With low oil price, the production cost will

go down, and India will be competitive internationally. With this,
exports will
increase. Imports will be down and this will improve balance of
payment
situation. Overall it is good for economy.

3.The steep fall in crude prices is defacto

fiscal stimulus for India as oil accounts for 37 per cent of
its imports.

4.Lower oil prices will cut inflation, and will

bring down our current account deficit.

5.It will boost our growth prospects and

overall it is good for India.

oreign exchange management act.. ye FERA ko replace krke laya gya tha
coz fera me govt zyada ungli krti thi..
Ye act foreign exchange se related hai and maintain karta hai foreign
exchange market in india. Ye promote bhi krta hai

Central board of directors-- 21

Governor
4 D.Governor
2 FM representative
10 govt nominated
4 directors to represent local banks

dono ka same purpose hota h...money ki supply ko control krne k liye...crr

rbi k pas jama hta h...in the form of cash...and slr banks k pas he rhta h..in
the form of csh gold etc...

dekho bhai pehle 1992 se before India mien exchange rate fixed hote
they.......matlab ki agar dollar ki price 40 rupeefix kar di jaati thi then we
need to pay just that 40 bucks no mtter ki govt kam pay kar rahi hai ya
jyad......but ovio govt...loss mien jaa ri thi....
Floating exchange rate ko introduce kiya gaya.....ab agar 1 $ = 62 rupee
hai then humko bhi 62/- hi pay karna hai...ab since $ ki value to har
second change hoti hai....

NEER is the average value of $ at a particular day

REER is the value of dollar at that instance when it is seen
LERMS is that value of dollar which is adjusted acc to market demand

LERMS- Liberalised Exchange rate management system

Devaluation- decrease in monetary value of a currency with respect to

other currencies in the index is called devaluation

1. High risk a/c-

Those a/c in which volume o transaction is high and income is not
fixed...i.e. ki sometimes 1 crore is transacted...some times 5 crores are
transacted.....such a/c have highest probability of money laundering
cases....eg Trusts, NGO etc
Main pts-
KYC revision in banks - 2 years
KYC revision in NBFCs - 2 years

2. Medium risk a/c-

Those a/c in which transaction are high but of a fixed volume...i..e high
salary receiving individuals..i.e. if 50 lakhs transaction is seen in a period
then it will remain close to it...over next period of time

Main pts-
KYC revision in banks- 5years
KYC revision in NBFCs - 8 years

3. Low risk a/c-

Those a/c in which low transactions are seen in fixed interval of time....

Main pts-
GOVT A/C are LOW RISK A/c CAUSE THERE IS NO RISK OF MONEY
LAUNDERING IN SUCH A/c...WE KNOW THAT IT HAPPENS BUT NO ONE
WANT TO GET CAUGHT HENCE THEY DNT DO IT VIA THESE A/c
KYC revision - 10 years for both NBFCs and Baks

N case foreign banks cant adhere PSL targets they have to deposit the
shortfall amount in SIDBI @8% per anumn for 1 year
In case domestic banks can't adhere PSL targets they need to deposit
shortfall in amount in RIDF set up by NABARD\

now suppose !atar and India ke beech ek currency swap ka agreement

hota hai...qatar india ko petrol dega and India usko rupee mien payment
karegi..India Qatar ko water provide karega and Qatar usko Dinaar mien
payment karegi..this is currency swap

foriegn exchange ka matlab ki doosre country ki currency ko apne country

ki currency ki value mien purchase karna
currency swap ka matlab ek agreement ke accordingly apni currency mien
doosre country ko payment dena and dossre country ka payment ussi
country ki currency mien accept karna.

Indian risk oriented and dynamic rating system.

CAMELS provides a rating for banks based on their performance
where as INROADS rating is based on risk measures.

Call rate lets RBI to estimate liquidity in the market

Call rate high means less liquidity
Call Rate low means high liquidity
Its subjected to change daily

Some of the important money market instruments are briefly discussed

below:

1. Call /Notice-Money Market

Call/Notice money is the money borrowed or lent on demand for a very

short period. When money is borrowed or lent for a day, it is known as Call
(Overnight) Money. Intervening holidays and/or Sunday are excluded for
this purpose. Thus money, borrowed on a day and repaid on the next
working day, (irrespective of the number of intervening holidays) is "Call
Money". When money is borrowed or lent for more than a day and up to
14 days, it is "Notice Money". No collateral security is required to cover
these transactions.

2. Inter-Bank Term Money

Inter-bank market for deposits of maturity beyond 14 days is referred to as

the term money market. The entry restrictions are the same as those for
Call/Notice Money except that, as per existing regulations, the specified
entities are not allowed to lend beyond 14 days.

TYPES OF FINANCIAL MARKETS

Forex Market - The Forex market deals with the multicurrency

requirements, which are met by the exchange of currencies. Depending
on the exchange rate that is applicable, the transfer of funds takes place
in this market. This is one of the most developed and integrated market
across the globe

MONEY MARKET:

The money market is a market for short-term funds, which deals in

financial assets whose

period of maturity is upto one year. It should be noted that money market
does not deal in
cash or money as such but simply provides a market for credit
instruments such as bills of

exchange, promissory notes, commercial paper, treasury bills, etc.

CAPITAL MARKET

Capital Market may be defined as a market dealing in medium and long-

term funds. It is an institutional arrangement for borrowing medium and
long-term funds and which provides facilities for marketing and trading of
securities. So it constitutes all long-term borrowings from banks and
financial institutions, borrowings from foreign markets and raising of
capital by issue various securities such as shares debentures, bonds,
etc.The market where securities are traded known as Securities market. It
consists of two different segments namely primary and secondary market
The primary market deals with new or fresh issue of securities and is,
therefore, also known as new issue market;whereas the secondary market
provides a place for purchase and sale of existing securities and is often
termed as stock market or stock exchange.

CREDIT MARKET

Credit market is a place where banks, FIs and NBFCs purvey short,
medium and long-term loans to corporate and individuals.

INCREASE IN NPA

REASONS-
1.current macroeconomic situation in the country.
2.increased interest rates in the past
3.lower economic growth.
4.aggresive lending by the banks in the past.
5. priority sector lending esp.to agriculture and MSMEs

Forward Markets Commission (FMC) headquartered at Mumbai, is a

regulatory authority which is overseen by the Ministry of Finance, Govt. of
India. It is a statutory body set up in 1953 under theForward Contracts
(Regulation) Act, 1952.

The Micro ATMs are Point of Sale (PoS) Devices that work with minimal
power, connect to central banking servers through GPRS, thereby
reducing the operational costs considerably. Our micro ATM solution
 enables the unbanked rural people to easily access micro banking services
in a very effective manner.\

What Inflation Index Fund?

Inflation indexed bonds is an open ended debt fund which are designed to
protect your savings from rising prices (inflation). The investment
objective of the scheme is to generate capital appreciation and income
through investment in inflation indexed securities. However, there can be
no assurance that the investment objective of the Scheme will be
achieved.

cad

measurement of a countrys trade in which the value of goods and services it

imports exceeds the value of goods and services it exports. The current
account also includes net income, such as interest and dividends, as well as
transfers, such as foreign aid, though these components tend to make up a
smaller percentage of the current account than exports and imports.

1. Social Welfare : It was the need of the hour to direct the funds for the needy and required sectors of the
indian economy. Sector such as agriculture, small and village industries were in need of funds for their
expansion and further economic development.
2. Controlling Private Monopolies : Prior to nationalisation many banks were controlled by private
business houses and corporate families. It was necessary to check these monopolies in order to ensure a
smooth supply of credit to socially desirable sections.
3. Expansion of Banking : In a large country like India the numbers of banks existing those days were
certainly inadequate. It was necessary to spread banking across the country. It could be done through
expanding banking network (by opening new bank branches) in the un-banked areas.
4. Reducing Regional Imbalance : In a country like India where we have a urban-rural divide; it was
necessary for banks to go in the rural areas where the banking facilities were not available. In order to reduce
this regional imbalance nationalisation was justified:
5. Priority Sector Lending : In India, the agriculture sector and its allied activities were the largest
contributor to the national income. Thus these were labeled as the priority sectors. But unfortunately they were
deprived of their due share in the credit. Nationalisation was urgently needed for catering funds to them.
6. Developing Banking Habits : In India more than 70% population used to stay in rural areas. It was
necessary to develop the banking habit among such a large population.
NITI Aayog is more stable than Planning Commission.
Also NITI Aayog is like Team India Concept. through NITI Aayog they can reach
to every section of India. Can use maximum resources . Have all the states
altogether.
NITI:
2 most important things- involvement of states so that policies r framed
as per requirement of individual states.

planing would travel upward i,e. village level to state n central.

#Copied
it has CEO and members from each state

p.c think tank central ka,work was to assemnt of material,capital humn resource of
cuntry aur in sab ka behtr upyog...niti bhi same hai but p.c me central schemes banata
tha aur usko state ko implemnt karne bolta tha niti me ye log boltrhe k hum state ko
deciding powr denge k apne resource ka kese intemal krna hai..P.C overtime monitering
me fail hua tha scheme to bna deta tha but appraisal nhi krta tha niti karea but ye toh
samay hi batayega :P

The KVP was discontinued by the UPA government in 2011 following the Shyamala
Gopinath Committee report. It had suggested that KVPs may be discontinued as they
are prone to misuse. #copied

Reintroduction of KVP by NDA govt is done to encourage people for long term
investment (double the money in 8 yrs) which could help govt to generate more receipt
of funds

National Income- The monetary value of all goods and services produced in a country.
Nation Income is managed by CSO central Statistical Office.
Income of Housewife is counted in National Income

What banks do to mobilize CASA

- Introduction of new schemes (like for children- pehli udaan and etc)
- provide more banking facilities for CASA customers (like overdraft facilities at cheaper
rate

what is jallikattu and why it is banned..??

Jallikattu is a bull taming sport played in Tamil Nadu as a part of Pongal celebrations on
Mattu Pongal day.Jallikattu is based on the concept of flight or fight. All castes
participate in the event. The majority of jallikattu bulls belong to the pulikulam breed of
cattle.According to legend, in olden days the game was used by women to choose their
husbands. Successful matadors were chosen as grooms.the Supreme Court banned
jallikattu and bullock cart racing in Tamil Nadu, citing animal welfare issues.
MSF-
I hope u all know ki koi bhi bank RBI se laons tabhi le sakta hai jab uska SGL a/c ho RBI
mien....
SGL a/c govt securities ko hold karta hai..ye batane ka reason yeh hai ki many times
people ask ki itni jaldi RBI banks ko paisa kaise deti hai....
MSF mien RBI banks ko overnight loan provide karti hai
Min loan - 1 crore
Max loan 2% of NDTL

This loan shall be returned on the next working day....

LAF-
Liquidity adjustment facility is used by RBI to control Liquidity in the market by repo,
reverse repo, and term repo.....repo means liquidity injection...reverse repo means
liquidity absorption......RBI in sab mien govt securities ko collateral ki tarah se use karne
karti hai....

What is MIBOR and LIBOR?

Call rate sabko pata hai...i discussed it yesterday

India mien 5 Call Money markets hai
1. Delhi
2. Chennai
3. Kolkata
4. Ahemdabad
5. Mumbai
Mumbai ka call money market NSE regulate karta hai and ye India ka sabse bada call
money market hai

MIBOR is the call rate in India

similarly,
LIBOR is the call rate in London

Remember ki call money market mien only PSBs hi participate kar sakte hain
Call rate is subjected to change daily

More Technically, MIBOR is the benchmark call rate by which Indian PSBs gives loan to
each other.

NATIONAL FINANCIAL SWITCH??

bahi NFS is maintained by NPCI which is a network of ATMs machines in India..asaan

bhasha mien..agar aap kissi bhi ATM se paise nikaalte ho ya daalte ho to saare machine
update ho jaate hai...aapki a/c info ke baare mien :))
What is FPO? If IPO has already issued then what is the need of FPO?

Ipo is primary market.. isme first time karte hai...

Whereas FPO is secondary market.. agar IPO wale share ko me further sell karta hu
then it is fpo..

Ipo companies decide krti hai jiske bhi ipo hote hai and fpo market decide karta hai.

Shashi kant sharma..

Functions-- cag is like CA of the govt. Audits karta hai govt. Companies ko.. har 1
companies ko nhi but maharatna and middle ratna(forgot its name) wali companies ko..
saara dekta hai kitna jhol hai ya nhi.. kitna sach bola hai govt se companies ne n kitna
jhoot... Kitna paisa khaya hai n all.

Money - Mode of exchange is called money.

Ans...
1. Dear Money - Money which is available at high rate of interest.
2. Cheap Money - Money which is available at low rate of interest .

There are divided opinions between the RBI and Finance ministry on the matter of
merging PSU banks.
Finance ministry wants to create bigger banks to compete with major international
andmerge those banks which are struggling to deal NPA with healthy banks. Merger will
be easier for
those banks in which govt. has higher stake because
disinvestment will be easy. (Disinvestment means diluting govt. stake in PSUs)

The RBI governor however feels that it could be disastrous.

He feels that merger of two unhealthy banks will create problem in the economy. In case
of the merger of one unhealthy bank with one healthy and bigger bank would bring
problems to the acquiring bank. They have todeal with customer loyalty as well. Besides,
he feels that the NPA didn't pile up in one day, so merging can't be the only solution.
They'll have to do day-to-day monitoring, careful credit assessment and risk
management to reduce NPA.
Universal banking means saari banking facilities ko ek hi jagah pe provide
karna...example ki ek hi spot pe cheques jama hote hain..ek hi jagah pe a/c open kiye
jaate hain , NEFT RTGS bhi same counter se ho jaata hai..means ki aal banking
facilities to be present at a single place...

Global banking means ki yeh kaam globally ho matlab ki customers indiviual ke bajaye
countries hoin

P J nayak committe ne recommend kiya tha ki CMD ki post ko disintegrate karke C & md
kar diya jaaye..taaki ek bande pe load na pade aur efficiently kaam kiya jaa ske...Gyan
Darshan ek banking conference hui hai Pune Maharashtra mien jismien iss
recommendation ko accept kar liya gaya hai

It is the process of concealing the source of money and showing us the money is
originated from a legitimate source.

Three stages of money laundering are

1) Placement : The laundered money is placed in the financial system

2) Layering : The property is 'washed' and its ownership and source are disguised

3) Integration : The laundered money is re-introduced into the legitimate economy

M - route investment means that investment or FDI that comes in India through Mauritius
to avoid double taxation as India has signed DTAA with Mauritious

Corporate social responsibility. in this companies hv to spend 2% of their profit for social
improvement and social upliftment.(3 years)

CSR-
1. companies with min net profit 5 crore, or turnover 100 crore or net worth 500 crores
need to follow CSR
2. 2% of thier 3 year average of net profits must be entitled to CSR
3. CSR activity must be in India only
4. 5% of the CSR amount can be used in manpower only.
5. 2 companies can jointly run a CSR initiative

example.. OIL has started Kamdhenu project in Assam as their CSR initiative

What are the new initiatives taken by Indian Govt on this year's PBD?
Ans.
1. PIO and OCI cards have been merged to ensure that one facilities are provided to
both and also grant of exemption from weekly police reporting
2. NRI from 43 countries ko visa on arrival and e-visa facilty
3. NRIs ko voting rights through e- ballets
4. stamps of Rs 25 and Rs 5 are launched and special coins of Rs 10 and Rs 100 in
memory of MG

Ans...Phillips curve tells that inflation and unemployment are inversely proportional. If
employment increase tendency of people to purchase shall increase and hence inflation
will too.But unemployment is also bad for the country too. So keeping these two things
balanced is the major challenge in economy.

egal money-acceptance can't b denied.

1)limited l m- coins of smaller denomination
2) unlimited- standard coins n currency notes

optional money- accepted as payment bt not compulsarily

eg-cheaque,draft,be

exactly....add optional money can be used in final payments..and all non negotiable
instruments are optional money

Currency in circulation + deposit of banks with RBI ( CRR ) + demand deposit of banks
( CASA ) = narrow

upar wale mein ye add kar do

post office k savings account+Time deposit of banks ( FD+ RD )= broad

Reserve bank ki saari policy broad money par hi banti he. CRR, SLR sab isi money par
lagte h

ab simple ahi thoda:P

The sixth bi-monthly monetary policy statement is scheduled on Tuesday, February 3,

2015?

the area in which m improving myself is that m very overfriendly in nature which
sometimes lands me in trouble i'e i end up trusting wrong people.but sometimes it
also help me in a effective communication

.The PSLV is older than the GSLV

2.The GSLV has a much greater load capacity than the PSLV

3.The GSLV use cryogenic fuel while the PSLV doesnt

4.The GSLV has three stages while the PSLV has four stages

5.The GSLV has 4 liquid boosters while the PSLV has 6 solid boosters

6.The PSLV is more reliable than the GSLV

\\disflation means dear money policy in which the central banks increases key rates
hence lendings are made at high interest rates...which reduces demand in market and
since supply is more..prices will come down

Private company=minimum paid-up capital of Rs.1 lakh,it needs minimum two mmbers
and max 50 mbers..this company is to use the word Private Limited at the end of
its name.it cannot have more than 7 to 200 members..It cannot borrow for general
public

Public company=it hs minimum paid-up capital of rs.5 lakh...requires minimum 7

members to start a public company...it has to hold annual general meeting of
shareholders...it can borrow from general public via IPOs and bonds..... uff

nternational Financial Reporting Standards (IFRS)

is a set of accounting standards developed by an independent,
not-for-profit organization called the International Accounting
Standards Board (IASB)

Reports related to KYC:-

1)Cash Transaction Report(CTR): If any indian account have more than 10 lakh amount,
then bank makes CTR report. It is made twice a month(15th and 30th)
2)Suspicious Transaction Report(STR): It is made for those account on which bank has
doubt for ilegal use of money etc. This report is made four times in a month.

Leverage ratio is meant to evaluate debts.

Let me give you guys an example..

Let us say, i borrowed 100bucks from discover and i invested

that money somewhere and i earned 120buks. So my debt ratio
will be = 100/120 = 0.85 or 85%.
This means for every single buck, I have 0.85bucks debt.

If this debt is more than 100% or 1, that means company has

more debts than assets and finally it will affect its operating cost

Indian Banks has to give 40% of ANBC to PSL, out of which

18% has to give to agriculture sector.
If this 40% of ANBC has not been given wholly to PSL, then
remaining amount is given to RIDF(Rural infrastructure
development fund) which is managed by NABARD.

Foreign banks has to give 32% of ANBC to PSL if branches

are lesa than 20 and if more than 20 then they also jave to give
40%.
No condition are like 18% given to agriculture sector are imposed on foreign banks.
If their 32% or 40% has not been used wholly, then the remaining fund goes to
SEDF(small enterprises development fund) which is regulated by SIDBI.

recent techonology by RBI__

1.mass transaction & items processing
2.pervasive branch network
3.global operations in banking
4.complex credit calculations
5.innovative risk management
6.progressive banking in rural areas through financial inclusions
7.currency swapping techonolgy

Allahabad Bank (Hindi: ) is a nationalised bank with its headquarters in

Kolkata, India. It is the oldest joint stock bank in India. On 24 April 2014, the bank
entered into its 150th year of establishment. It was founded in Allahabad in 1865.[6]

Shri T.R Chawla is the senior most Executive Director of the bank. Shri Rakesh Sethi is
the newly appointed Chairman & Managing Director of the bank.[7]

As of 31 March 2012, it had over 2,500 branches across India.[1] The bank did a total
business of INR 3.1 trillion during the FY 2012-13.[5] The bank has a branch in Hong
Kong and a representative office in Shenzen.

The bank's market capitalisation in May 2013 was US$ 1.28 billion and it ranked #1466
on the Forbes Global 2000 list.[8]
On January 1 2015, the Government of India replaced the 64-year-old Yojana Aayog
(Planning Commission) with a new institution named NITI Aayog (National Institution for
Transforming India).
The NITI Aayog has a distinctly innovative structure to enable states to participate in
policy making which would help India become a challenging economic power.
The objective of the NITI Aayog is "to provide a critical directional and strategic
participation into the development process". It will act as a "think-tank" and advise the
Centre and states on policy matters.

Structure of NITI Aayog -

i. Chairman - The Prime Minister will be the chairman of NITI Aayog.

ii. 1 Vice Chairman - Arvind Panagariya (eminent economist) is the first Vice Chairman of
Niti Aayog.

iii. 2 Full time members - Bibek Debroy, an Economist, and V.K. Saraswat, Former
Secretary Defence R&D, are the full time members of the Aayog.

iv. Ex-officio 4 members - Union Ministers Rajnath Singh, Arun Jaitley,Suresh Prabhu
and Radha Mohan Singh have been named Ex-officio members.
iv. Special Invitees - Union Ministers Nitin Gadkari, Thawar Chand Gehlot and Smriti
Irani are special invitees.

v. It will also have a Governing Council, comprising Chief Ministers of each of the states
and Heads of all Union Territories. The Governing Council replaces the earlier National
Development Council.

Difference between NITI Aayog and Planning Commission -

- In 1950, the Planning Commission was set up by the first Prime Minister of India,
Jawaharlal Nehru, to formulate Five-Year Plans.

- The Planning Commission was set up to help formulate a strong Centre-driven plan
and frame policies that would impact each of the states. Under the Planning
Commission, the flow of policy was directed from the centre to the states.

The NITI Aayog has been programmed for open and ongoing involvement and
partnership of every state of India, which means that now state governments can play a
direct and active role in achieving national objectives while catering to their unique
needs. States need not merely be dictated to by the Centre.

- The big difference, thus, is that States will now have a greater role in formulating plans.
- Earlier, the Planning Commission formulated plans and then asked the States to
implement them (provided they agreed); now, the States themselves will be able to
actively participate in planning. Hence, communication gaps would no longer exist and
plans would be implemented more effectively.

When a company promises its employees to give them a fixed percent of shares they
are called swite shares

Rights shares- when a company releases an FPO it always ask its existing shareholders
that whether they need o buy them or not through SMS email etc.. if the existing
shareholder accepts the request then hose shares are kept reserved for the existing
share holders this is called rights share

he Regional Rural Banks (Amendment) Bill, 2014 was introduced by the Minister
of Finance, Mr. Arun Jaitley, in Lok Sabha on December 18, 2014. The Bill seeks to
amend the Regional Rural Banks Act, 1976.

Authorised capital: The Act provides for the authorised capital of each RRB to be
Rs five crore. It does not permit the authorised capital to be reduced below Rs 25
lakh. The Bill seeks to raise the amount of authorised capital to Rs 2,000 crore and
states that it cannot be reduced below Rs one crore.

Issued capital: The Act allows the central government to specify the capital issued
by a RRB, between Rs 25 lakh and Rs one crore. The Bill requires that the capital
issued should be at least Rs one crore.

Shareholding: The Act mandates that of the capital issued by a RRB, 50% shall be
held by the central government, 15% by the concerned state government and 35%
by the sponsor bank. The Bill allows RRBs to raise their capital from sources
other than the central and state governments, and sponsor banks. In such a case,
the combined
shareholding of the central government and the sponsor bank cannot be less than
51%. Additionally, if the shareholding of the state government in the RRB is
reduced below 15%, the central government would
have to consult the concerned state government.

Customer relationship management are of two types-

1)Operational CRM: isme hum dekhte h ki cust se interaction hota h via phone, internet
banking..etc. Agar koi data disparate system me alag alag hai toh Data warehousing se
sabhi data ko ek jagah llaya jata hai...isse cust ki sab info ek jagah hoti h..isse data
warehousing ka use hota h

2)Analytic CRM: Ab analytic ka matlab h ki, ab hamare pas data ko hai par isska efficient
use kaise kare. Tab aata h Data Mining..is tool ki help se hum data data ka efficient use
karte hai. Example: iss tool se suppose humne query daali ki woh cust jinke pass 2-
vehicle h aur jo 20k ki earning..un cust ko hum car loan offer kar sakte h..isse data
mining ka pramukh role h..

NRO a/c- Non resident Ordinary a/c..inmien Indian currency mien hi deposit kiya jaata
hai paisa NRI ke through..but the thing is ki NRI can open it jointly with an Indian......this
a/c can be either term deposit or demand deposit....remittance services are provided in
this a/c...max remittance limit is 75,000 USD annually

NRE a/c - Non resident external a/c can be opened by an NRI but they can't be opened
jointly with an Indian ...min balance requires is 75,000/- ...these a/c can be either term
deposits or demand deposits...moreover no remittance services are provided in this
a/c....All transaction are done in Indian currency or in the currency of the country in
which a/c is opened

IOB - R. koteshvaram
BSNL -Anupam srivastava
ISRO - A S kiran kumar
United bank of India - P. srinivas
Ambassador of Andhra pradesh - Amitabh bacchan
Vijiya bank - Kishore Kumar Sahni
OBC bank - Animesh Chauhan
BSE - Aashish Chauhan
NSE - Chitra Ram krishna
MCX-SX - thomas mathew
DCGA - M satyavati
Railway board chairman - AK mittal

Implications of liquidity

When liquidity is tight (or low), that means less money available for l oans hence interest
rates on loans increases .

1. Too high liquidity =easy loans =less interest rates = people have more cash than
products in market= inflation.
2. Too low liquidity=hard loans =high interest rates =businessman find it hard to finance
new projects , demands for automobile/cars etc. decrease and so on

WPI - Wholesale price Index

Ek rule samjhlo index ka matlab hota hai average price...

to baat shuru hoti hai Office of economic advisor , Ministry of corporate affairs se...ye
banda kaafi saare commodities ko leta hai and wholesaler ko jo price padti hai kissi
commodity ki unn sabka average karke WPI bana deta hai.....WPI ko pehle humaari
country ka inflation naapne ke liye kiya jaata tha..matlab ye ki maanlo kissi commodity ki
price increase hui then inflation hua as WPI ki value badegi and agar WPI ki value gategi
to iska matlab wholeseller ko commodity sasta mil raha hai pehle ki price se.....lekin govt
ne socha ki paisa jo actual kharach ho raha hai wo consumer ki jeb se ho raha hai..to
inflation ko calculate karne ke liye CPI introduce kiya gaya...ab ye index commodities ki
prices ka average jo consumer de raha hai...usse inflation ko calculate karta hai.....iss
baar ke monetary rates kam karna ka reason ye tha ki WPI expected tha 0.6% pe
increase karne ka lekin increment sirf 0.11% ka hua..moreover inflatiion 5.4% pe
targetted tha wo 5% pe hi ruk gaya....

CPI ka bae year 2010 rakkha gaya hai..ye abhijet sen committee ki recommendation pe
hua hai....base year se matlab ki saare increment aur targetted decrement uss base
year ke according hogi..

hope ki samjh aa jayega

NITI Aayog

-RBI changes key rates

-Beti Bachao Beti Padao Scheme

-Govt splits CMD post

-Himmat App

-Digital Village Project by ICICI

-Gyan Sangam

-For NBFC, RBI relaxed KYC norms

-Domestic Efficient Lighting Programme

-Citizenship Act, 1955 ammended

-charlie hebdo

-Pravasi Bhartiya Diwas

-Vibrant Gujrat Summit

-Sebi proposes e-IPO

-NRIs can vote through postal ballots

-National youth day

-Leela Samson why quit etc

You should know the work you going to perform before preparing for any exam. First
thing i want to say about Bank Job (either Clerk or PO) is that it involves financial risk.
You should be active in your duties. It is not like other Govt sector jobs. As this topic is
about Bank PO, i will talk about PO duties.

Bank PO have to perform any task in bank. Bank PO Responsibilities are: Cash
Management, Supervision of Clerical work, Do has to take decisions, Loan Processing
and Recovery Loans.

Every bank branch will have certain cash limit. PO should ensure that the avg cash
balance limit is maintained or not. You have predict the cash you require on particular
day and you should act accordingly. This is called Cash management. You will know the
complete details when you join in bank. You may not understand at this point of time.

PO have to verify all the work done by clerk. Maker and Checker are involved in every
transaction performed in bank. In case of cash transactions, clerk is a maker and PO is
the checker. PO has to check whether Clerk entered everything correctly or not and
authorise the transactions. If PO is a maker, Manager is a Checker. In case of loans,
usually PO is a maker and Branch Manager is a Checker. Checker is responsible for any
loss.

Bank PO have to look after the Loan documentation and visit the party site whenever
required. All the Loans word have to be performed by Officer Advances.
PO has to issue check books, ATM cards, DDs, BCs. PO has to Handle customer
complaints.You have to be cool and calm while listening to them. Some people will
shout. You have to deal them patiently and convince them.

Bank PO have to read all the circulars.If you don't, you will definitely make a mistake and
have face the consequences. Bank PO joins the bank as Asst Manager after completion
of probation period. There are various responsibilities for Bank PO. It will be assigned to
you as per the branch requirement by the Branch Manager.

Career growth in banks is very high compare to any other Govt Job. Promotional
prospects are quite higher for those who perform better. There are many more things but
these things are basic things that you must know before joining in bank

EQUITY

company apni total capital ko shares mien divide kar deti hai..uske baad unn shares ko
market mien public ke liye release kar deti hai.....taaki wo usse funds collect kar
sake...equity is a type of shares jo ki investors ko company mien maalikaana hak
provide kaaraata hai..i.e voting rights

The most important committee was Narasimham Committee on banking Sector

Reforms. It was set up in 1991.

Please note that there were two Narasimham Committees.

Narasimham Committee I was formed in 1991 and Narasimham Committee II was

formed in 1998 and both were related to Banking Sector Reforms.

First Narasimham committee submitted its report in November 1991. It recommended

the following:

Reduction in the Statutory Liquidity Ratio

Reduction in the Cash Reserve Ratio

Interest rate in CRR Balances

Redefining the priority sector

Deregulation of the Interest Rates.

Asset Classification and defining the Non Performing Assets.

Improve transparency in the banking system

Tribunals for recovery of Loans.

Tackling doubtful debts

Restructuring the banks

Allow entry of the new private Banks

Please note these memorable Points:

The Narasimham Committee had recommended that the SLR should be reduced to 25%
over the period of time.

The Narasimham Committee recommended that CRR should be reduced to 10% over
the period of time.

The impact of reducing the CRR and SLR was that now more funds of the banks could
be deployed to some more remunerative loan assets.

The Narasimham Committee recommended that the Priority sector should be redefined
and it should include the following:

Marginal farmers

Tiny sector

Small business and transport operators

Village and Cottage Industries

Narasimham Committee recommended that there should be a target of 10% of the

aggregate credit fixed for the Priority Sector at least. (discussed later)

The result of the Narasimham committee led to some milestones in the banking sector
reforms in India

yes sir GOI has launched many schemes but all these schemes looks better only in
papers...setting up a new business is not that easy in our country.india's rank is 142
among other countries in ease of doing business. and rest is corruption. i have a
practical example of this...one of my friend planned to start a business of cement
bricks...the cost of setting up the business is 10 lakh and when he went for the license to
the DC office..there he was asked for a bribe of 25 lakhs...so its not that easy for a
common man to start or run business successfully....on the other hand bank job has
good social respect and job security too...
recession is when GDP growth is negative for 2 or more consecutive years..

I find it best do concentrate on remaining calm, maybe taking a few deep breaths. When
I run into a customer whos upset, it helps them to calm down if Im calm and we can
work together to resolve the situation.

fiscal policy means to make an estimation about ur expenses.....example aapne socha ki

bike kahreedni hai...70,000/- ruppee ki.....ye fiscal policy hai....aapko paapa ne bike ke
liye 50,000/- diye ye budget hai....aapki bike ki kimat 75,000/- hai.then 75,000 - 70,000 =
5,000/- ye fiscal deficit hai

Monetary policy involves changing the interest rate and influencing the money supply.
Fiscal policy involves the government changing tax rates and levels of government
spending to influence aggregate demand in the economy.

payment banks-capital 100 cr

Take deposit only on current account, savingaccount. (CASA) Cannot accept fixed
deposits (FD)

Can issue Credit card? Nope.

Can issue debit card? Yes.

Can open NRI accounts? Nope

They cant give loans. They can invest depositors money in Government securities
(Gsec) only.Although theyre allowed to sell mutual funds,insurance and pension
products, accept utility bill payments etc. to keep branch operations
profitable.

Target customers: poor, migrants, unorganized workers wanting to send remittances

home.

Focus: Payment/remittances only. Including crossborder remittances

Who can apply?

Indian Post
 Corporate houses

Telecom companies

Retail chains.

Above people can even launch payment banks with Joint venture from commercial
banks.

Condition:

Maximum balance per customer: Rs.1 lakh

Minimum Leverage ratio 3% i.e. liabilities should not exceed 33 times of its networth.

Key Points

The legislation has been in the pipeline since the days of UPA-2 (2011).
States - fearing loss of revenue - were against GST.
To speed up the implementation - Centre has had to concede many points to state
in lieu of their support.
Centre has agreed to give compensation to such states for a period of five years - in
the following way - 100 per cent for first three years, 75 per cent in the fourth, going
down to 50 per cent for the fifth one.
Petroleum products will be levied at zero rate - meaning that the states will
continue to levy VAT while Centre will exhort excise duty for initial few (5?) years.
The states where goods originate can levy 1 per cent additional tax over GST to
make up for any revenue loss for the first two years.

National payment gateway system 'RuPay'

India becomes the 7th country in the world to have its own payment gateway system named 'RuPay'.
The card, equivalent of Visa and Mastercard, will not only reduce dependence on cash, but will offer
users diverse set of payment option within the country. The talks are already on with Discover
Financial Services in the US and JDC in Japan for a collaboration to make the card globally
acceptable.

Key Points

The payment gateway is the handiwork of National Payments Corporation of India (NPCI).
The card will be economical and affordable for Indian users unlike most of the international cards that
burn a whole in our pocket.
 Its even beneficial for banks as the platform cost them almost 40 per cent less than its global rivals
for clearing and settlement of each transactions.
The system works on three channels ATMs, Point of Sales (POS) and online sales reducing often
messy cash transactions.
It will be acceptable at all ATMs (1.6 lakh plus), 95 per cent of PoS terminals (9.45 lakh plus) and
most of the eCom merchants (about 10,000) in the country.
Its already being used by certain banks like ICICI, State Bank of India, Punjab National Bank, among
others, for clearing and settlement.
The terminology 'RuPay' is the confluence of two terms Rupee and Payment.

Surplus Advantage

The card also offer a unique feature absent on its all other counterparts which is..
Personal accident insurance and permanent disability cover of Rs one lakh for the RuPay cardholder,
provided that the card is in activated condition.

Variants

Two new variants of this payment system are also in the offing...
First one is a Kisan Card for farmers while the second one is a pre-paid RuPay variant by and
for IRCTC, for transaction related to Indian railway.

National Payments Corporation of India

Its an umbrella institution for all the Retail Payment Systems in the country.
Set up with the core objective to consolidate and integrate the multiple systems with varying service
levels into nation-wide uniform and standard business process for all retail payment systems.
The other objective was to facilitate an affordable payment mechanism to benefit the common man
across the country and help financial inclusion.

Special thnx to ELENA

Punjab National Bank

-PNB Mahila Udyam Nidhi Scheme: Targets the
micro and small scale sector as well as the
rehabilitation of sick SSI units
-PNB Mahila Samridhi Yojna: Financial aid for the
purchase of infrastructure for tailoring shops,
boutiques, telecom agencies, beauty parlours, and
Internet browsing centers
-Scheme For Financing Creches: Provides cheaper
and easier credit to setup a crche. Equipment
such as stationery, refrigerators and water filters
are covered by the scheme
-PNB Kalyani Card Scheme: It targets both
literate and illiterate women hailing from the
semi-urban or rural areas looking to agriculture /
non-farm activities
-PNB Mahila Sashaktikaran Abhiyan: Provides
concessions such as a reduction in interest rates;
waiver of 50 percent of the upfront fee and
margin fee cap at 10 percent
The link to the webpage that lists all details
about all these PNB schemes is h

Balance sheet:
In normal language BS ek aisa financial statement hai jo year k end me co. ki financial
position reflect karti hai.. Its compulsory under co. act to prepare BS.. Isme basically 4
columns hote hain. Left side pe liabilities starting from shares capital, reserves n surplus,
loans, provisions, hote hain.. In right hand side assets bole to fixed like plant n
machinery, buildings, goodwill, patents etc hote hain n thn current assets bole to cash in
hand, cash at bank, stock in trade, etc hota hai..
Its prepared on the end of the financial year that's 31st march..
Jyada jaanoge dimag phat jaega.... Itna basic hai smjh jaaiye....:-))))

PAN Decoded Logic to PAN

PAN is a 10 digit alpha numeric number, where the first 5 characters are letters,
the next 4 numbers and the last one a letter again. These 10 characters can be
divided in five parts as can be seen below.

1. First three characters are alphabetic series running from AAA to ZZZ

2. Fourth character of PAN represents the status of the PAN holder.

C Company, P Person, H HUF (Hindu Undivided Family), F Firm, A

Association of Persons (AOP),
T AOP (Trust), B Body of Individuals (BOI), L Local Authority, J Artificial
Juridical Person, G Government

3. The fifth character of the PAN is the first character

(a) of the surname / last name of the person, in the case of a Personal PAN card,
where
the fourth character is P or

(b) of the name of the Entity/ Trust/ Society/ Organisation in the case of
Company/HUF/ Firm/ AOP/ BOI/ Local Authority/ Artificial Jurdical Person/ Govt,

where the fourth character is not equal to P

4. Next four characters are sequential number running from 0001 to 9999.

5. Last character in the PAN is an random alphabetic check digit.

debenture=purchased at discounted rate,no interest given,no voting rights,100% money

back guarantee

preference share=purchased at normal rate,interest given,no voting rights,100 % return

guarantee

equity=return depends upon market situation,voting rights given

Some points on Negotiable Instruments Act , 1881

1. Section 4 - Promisory Notes
2. Section 5 - Bills of exchange
3. Section 6 - Cheques
4. Section 11- Dishonoring of Cheques
5. Section 85 A - DD

Bank Holidays are also announced under Negotiable instruments act, 1881...

Remember always 4 acts are most important and try to learn as much u can regarding
them -
1. Negotiable Instruments Act , 1881
2. RBI act , 1934
Schedule - 2 of RBI act , 1934 means banks is eligible for taking loan from RBI at bank
rate and is a member of clearing houses
3. Banking Regulation Act, 1949 - Banks are supervised to perform thier basic function
according to this act
4. SARFAESI act, 2002-

## abhimanyu ke haatao se ##

President signed Ordinance to amend Citizenship Act, 1955

Main Provisions of the Ordinance
It merges Overseas Citizen of India (OCI) and Persons of Indian Origin (PIO), thus
making PIO eligible for life-long visa and bringing them on equal footing with OCI.
It relaxes the requirement of 12 months in cases related to citizenship by
registration and naturalization. Instead it allows for breaks up to 30 days if the
Union government is satisfied that special circumstances exist, and has recorded
them in writing.
It provides certain additional grounds on which a person may register for
overseas citizenship card.
Additional grounds covered are:
a) A minor child whose parent(s) are Indian citizens
b) Spouse of an Indian citizen or an Overseas Citizen of India cardholder or a
person of Indian origin subject to certain conditions
c) Great grandchild of a person who is a citizen of another country, but who meets
one of several conditions required for Indian citizenship under the Citizenship Act,
1955.
It allows the Union government to cancel overseas citizenship where it is
obtained by the spouse of an Indian citizen or OCI cardholder or PIO, if:
a) The marriage is dissolved by a court, or
b) The spouse enters into another marriage even while the first marriage has not
been dissolved

Vaccine Raksha Blu for bluetongue disease launched

A record number of 11.50 crore bank accounts have been opened under Pradhan Mantri
Jan Dhan Yojana, PMJDY, as on 17th January this year.

Briefing media in New Delhi this evening, Finance Minister Arun Jaitley said, Guinness
book of World Records have also recognised the achievements made under PMJDY.

He said that exclusion of a large number of people from any access to financial services
inhibits the growth of our country. Highlighting the achievements made under Pradhan
Mantri Jan Dhan Yojana (PMJDY), the biggest financial inclusion initiative in the world,
the Finance Minister Shri Jaitley said here today that against the original target of
opening bank accounts for 7.5 crore uncovered households in the country by 26th
January, 2015, banks have already opened 11.50 Crore accounts as on date
17thJanuary 2015 after conducting survey of 21.02 Crore households in the country. The
Finance Minister Shri Jaitely said that Guinness Book of World Records has also
recognized the achievements made under Pradhan Mantri Jan Dhan Yojana (PMJDY)
and has given certificate stating that the "Most bank accounts opened in one week as
part of the Financial Inclusion Campaign is 18,096,130 and was achieved by the
Department of Financial Services, Government of India from 23rd to 29th August, 2014."
He said that the coverage of 99.74% of the surveyed households has been achieved.
The Finance Minister Shri Jaitely further said that the survey was conducted in about
2.27 Lakh Sub Service Areas (SSAs) in rural areas and wards in urban areas in a record
time of 4 months. He said that out of the accounts opened, 60% are in rural areas and
40% are in urban areas. Share of female account holders is about 51%, the Minister
added.
RBI issued final guidelines for banks to act as Insurance
brokers
Reserve Bank of India on 15 January 2015 issued final guidelines for banks to act as insurance
brokers. he banks were allowed to look forward for participation in insurance business in
accordance to Union Governments notification in which it allowed banks to do business of
insurance under Section 6(1)(o) of the Banking Regulation Act, 1949.

Banks setting up a subsidiary or joint venture (JV) for undertaking insurance business
with risk participation:
The criteria is
a) The net worth of the bank should not be less than 1000 crore rupees
b) The CRAR of the bank should not be less than 10 percent
c) The level of net non-performing assets should be not more than 3 percent
d) The bank should have made a net profit for the last three continuous years
e) The track record of the performance of the subsidiaries, if any, of the concerned bank should
be satisfactory

Banks undertaking insurance broking/corporate agency through a subsidiary or joint

venture:
The criteria are
a) The net worth of the bank should not be less than 500 crore rupees after investing in the
equity of such company
b) The CRAR of the bank should not be less than 10 percent
c) The level of net non-performing assets should be not more than 3 percent
d) The bank should have made a net profit for the last three continuous years
e) The track record of the performance of the subsidiaries, if any, of the concerned bank should
be satisfactory

NET WORTH- Net worth is the difference between the asset and the liability of an
individual or a company. A high net worth relates to good financial strength and
ultimately good credit rating of an individual or a company. Similarly a low or negative
net worth will relate to a weaker financial strength and a lower credit rating, thus directly
affecting the individual's or the company's ability to raise funds from the market.

Differences Between Shares And Debentures

1. Ownership
The share of a company provides ownership to the shareholders. Debenture-
holders are creditors of a company who provide loan to the company.

2. Identity
Person holding share is known as shareholder. person holding debenture is
known as debenture-holder.

3.Certainty Of Return
No certainty of return in case of loss for the shareholder. Debenture-holder
receives the interest even if there is no profit.
4. Convertibility
Shares can not be converted into debentures. Debentures can be converted into
shares.

5. Control
Shareholders have the right to participate and vote in company's meeting.
Debenture holders do not possess any voting right and can not participate in
meeting.

Latest Government Welfare Schemes

Latest Government Welfare Schemes important for interviews.

Deendayal Upadhyaya Gram Jyoti Yojana

The scheme launched by Government of India to provide 24X7 uninterrupted power
supply to all homes. The Government will invest total Rs.75600 Crore to complete the
task. The scheme has replaced with Rajiv Gandhi Grameen Vidyutikaran Yojana. The
basic aim of this Yojana is to provide rural electrification.

Pradhan Mantri Jan Dhan Yojana

Under this scheme, any Indian can open a saving account in any bank with Zero
Balance. Anyone who has bank account under this scheme, can avail the benefit of
Insurance coverage of Rs.1 Lac. Almost 11.5 Crore accounts have opened under this
scheme. Pradhan Mantri Jan Dhan Yojana conferred with Guinness Record for achieving
the target.

Sansad Adarsh Gram Yojana

This scheme is mainly focus on the development of villages. Under this scheme, each
Member of Parliament will adopt any village to make it a Model Village by 2016.
Thereafter, each Member of Parliament repeat the same process and adopt more village
to make the Model Villages. Under the scheme, Prime Minister Narendra Mod adopted
Village Jayapur, Varanasi while Sachin Tendulkar adopted Village Puttamraju Vari,
Nellore, Andhra Pradesh. Sachin Tendulkar is a Rajya Sabha Member.

Make in India
This is an international campaign which attracts businesses from all over the World in
invest and manufacture in India. The campaign will under the control of Government of
India. The main purpose of this campaign is to focus upon heavy industries and
generate employment.

Swachh Bharat Abhiyan

Swachh Bharat Abhiyan launched on 02nd October 2014 i.e. the birth anniversary of
Mahatma Gandhi. Under this scheme total 4041 statutory towns will cover by clean the
streets and roads. The basic aim of this Abhiyan is to create awareness about
Cleanliness and about clean and green India.
NITI Aayog
NITI Aayog means National Institution for Transforming India Aayog. Planning
Commission replaced by it. Now, all the States of India will get strategic and technical
advices and support from it. Arvind Pangariya became 1st Vice-Chairman of NITI Aayog.
Sindhushree Khullar became CEO of NITI Aayog.

Pandit Deendayal Upadhyay Shramev Jayate Yojana

Pandit Deendayal Upadhyay Shramev Jayate Yojana launched by the Government of
India to create industrial development and transparency in the Labour Sector. Shramev
Sividha Portal has simplified compliance of 16 Labour Laws through a single online form.

Beti Bachao, Beti Padhao Yojana

The scheme launched with Rs.100 Crore initial fund. The basic aim of the scheme is to
create awareness about the importance of women. The scheme will empower and
protect the women and girl child. Under the scheme, better welfare services will be
delivered to women.

Deendayal Upadhyaya Grameen Kaushalya Yojana

Deendayal Upadhyaya Grameen Kaushalya Yojana launched on 25th September 2014
with the aim to provide training to 10 Lakh youths for jobs in the next 3 years. The
scheme launched on the 98th birth anniversary of Pandit Deendayal Upadhyay. The
Yojana replaced by Aajeevika Skills Development Programme.

Pradhan Mantri Gram Sinchai Yojana

Pradhan Mantri Gram Sicnhai Yojana launched to provide water to each and every field
situated in India. The basic aim of the scheme is to create development in agriculture.
When the water reached at each and every field, then productivity will surely be
increased at higher level.

Lets prepare a flow chart.

Situation: Economy has inflationary trend. Prices of goods and services increasing every
day.

Solution: RBI raised reserve ratio (CRR, SLR)

Result: SBI is left with less money to lend.

Consequences:

SBI raises its loan interest rate

Businessmen borrow less money from SBI

Businessmen donot start new business. Donot expand existing business

Result=Less jobs. Even existing employees discharged. If anyone remains in the job, he
doesnt get pay raise. He starts cutting down unnecessary expenditure (e.g. buying two
newspapers, getting his shirts ironed, drinking tea @4PM in office and so on. Thus even
paper-wall, dhobi, chai-walla- everyones income reduced.)

Result= Less income (Because of above reasons)

Result= Less demand of goods and services (because less income).

Ultimately shopkeeper will bring down the prices to attract people into buying more
things.

Thus inflation is reduced.

What is Basel Committee on Banking Supervision?

Basel Committee on Banking Supervision is an institution of Governors
of the Central Banks of G-10 nations and was formed in 1974. It has
27 members viz. Argentina, Australia, Belgium, Brazil, Canada, China,
France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea,
Luxembourg, Mexico, the Netherlands, Russia, Saudi Arabia, Singapore,
South Africa, Spain, Sweden, Switzerland, Turkey, the United Kingdom
and the United States.

Out of them 12 are permanent members and its headquarters are

located at Basel Switzerland.

This Basel Committee on Banking Supervision works on strengthening

the soundness and stability of the banking system, internationally.

In July 1988, it had released the guidelines on Capital Measures and

Capital standards, which were called Basel-I. These guidelines were
accepted by RBI also and were implemented w.e.f 1992.

In June 2006, it again issued the revised guidelines which are called
Basel II. In line with the Basel II, RBI had issued the detailed guidelines
from 2007.

At Present Basel III is under development.

1. Trade Deficit of India:

Trade Deficit of India declined to 10th Month Low and reached to
9.43 billion USD. It was done due to global oil prices fall and fall
of demand for gold. Indian Imports reached to 34.8 billion USD as
against 36.6 USD in 2013 December.
2. Leela Samson:
Chairperson of Central Board of Film Certification (CBFC) resigned
from the post due to some issues on film Messenger of God
MSG.
She is Bharatanatyam dancer, choreographer, instructor, writer
and also conferred with Padma Shri Award.

3. new guidelines for banks to sell insurance policies:

RBI released new guidelines as allow banks to act as brokers and
permitting them to sell insurance policies from different insurance
companies and also allowed to set up subsidiaries and joint
venture companies for undertaking insurance business with risk
participation, the central bank added.

4. fastest century in ODI cricket history:

South African captain AB deVilliers hits the fastest century in ODI
cricket history coming at just 31 balls.

5. Sydney International Tennis Tournament:

Another doubles crown for Sania Mirza; wins Sydney International
Tennis Tournament with her American partner Bethanie Mattek-
Sands. They defeated top seeded Americans Abigail Spears and
Raquel Kops-Jones.

6. Best CEO of the Year award :

RK Tyagi, Chairman of Hindustan Aeronautics Limited, gets Best
CEO of the Year award at the JGBS Top Rankers Excellence Award
for 2014.

7. 19 JAN: National Disaster Response Force (NDRF) Raising day.

This year it celebrated its 10th Raising Day.

8. Head coach of Indian mens football team :

Stephen Constantine (UK). He succeeded Wim Koevermans of
Netherlands who resigned in October 2014.

9. Japan commits Official Development Loan worth 50 billion Yen

(Rs 2620 crore) to India for the PPP Infrastructure Financing
Project of IIFCL.

10. India-Australia inks an MoU to build a 16 km road from India

Gate to Badarpur border (Delhi), to serve as a model for safe road
mobility.

11. new Chairman and Managing Director of BSNL(Bharat Sanchar

Nigam Limited).
Anupam Shrivastava .

12. India is ranked as the No.1 destination for future investments

by Japan Bank for International Cooperation (JBIC) followed by
Indonesia (2) and China (3).

13. new President of US-India Business Council (USIBC):

Mukesh Aghi .

14. brand ambassador of Haryana Government:

Baba Ramdev was appointed as state brand ambassador of
Haryana Government.

15. New Governor of Punjab:

Kaptan Singh Solanki. He also administers union Territory of
Chandigarh.

16. New Governor of Himachal Pradesh:

Kalyan Singh. At present he is acting as Governor of Rajasthan.

17. e-Governance for the best district-level initiative in India:

Jammu and Kashmir got the National Award 2014-15.

18. Giraffe Hero award 2015:

RTI activist Subhash Chandra Agrawal was conferred with the
Giraffe Hero award 2015 by a US-based NGO The Giraffe Heroes
Project for his bravery in utilizing the Right to Information (RTI)
Act, 2005 for public good despite innumerable challenges.

19. electric van by Mahindra and Mahindra:

First Electric Vehicle Pilot Project launched by Mahindra and
Mahindra with 4 battery powered vans.

20. Jal Kranti Varsh :

Ministry of Water Resources is going to celebrate 2015-16 as Jal
Kranti Varsh across the nation.

21. Tejas Light Combat Aircraft (LCA) was today handed over by
Defence Minister Manohar Parrikar to the Indian Air Force. .

22. Book: The Red Sari:

Biography of Congress Party President Sonia Gandhi titled The

Red Sari written by Spanish author Javier Moro.

23. International Hockey Federation (FIH) Player of the Year 2014:

 Australian captain Mark Knowles(Men category).
Midfielder of the Netherland Ellen Hoog(Women category).

24. Nepals ambassador to India:

Nepali Congress leader Deep Kumar Upadhyay.
FULL FORM :---"Pratyaksh Hanstantrit Labh" (PAHAL)

66th REPUBLIC DAY

WHERE INDIA STANDS....>>>

GDP -- 18,76,797 Million Us $

SEX RATIO -- 1.12 male/female
UNEMPLOYMENT -- 3.7 %
YOUTH LITERACY -- 80 - 89%
POPULATION -- 1.25 Billion
LIFE EXPECTANCY -- 66 Years

Important acts

Negotiable instruments act 1881

History;; -
sbse phle England me 12th
cetuary me 1st bill of
exchange use kiya gya tha,. Year 1704 me brithish government
me ise government note mana. uske bad 18th cetuary me 1st
promissory note use kiya gya tha. Isk bad promissory notes & bill of
exchange ko sarkari paper mana. India me 1881 me negotiable instrument act lagu kiya.

1988 &
2002 me kuch section add kiya gya ab is act me
number of section 142 se badh kr 147 ho hgyi.

Negotiable
act all over india me lagu hai.

NOTE=
negotiable act ki koi proper definition ni di gyi hai act me.

Under Section 13 bill of exchange., promissory

notes, cheque/ order ate hai.
Negotiable
act me

1- Biil of exchange

2- Promissory note

3- Cheque

4- Bank draft

Bad me ye b
add kr diye gye

Section 137

1- Bill of landing

2- Dock warrant

3- Railway receipt

4- Wharfingers certificate

5- Delivery order

6- IBA approved GRs

Note= presumption about negotiable

instrument

Hr negotiable instrument k upper likhe date wo

date mani jayegi jb wo negotiable instrument bnai gyi ho.

Indian contract act

1872

Is act bs ye
btaya gya hai ki kon kese kis time tk k liye contract le skta hai ya us
contaract ka hissa ho skta hai,

Ex- minor(18
k neche wale, ye contract ka hissa to ho skte hai pr usme b ye legally ni ho
skte , inko direct koi b contract lene liye ye niglagible mane jate hai)
Note- illiterate person, blind persone, lunatic(pagal insan) ko aap
contract ke hissa ni bna skte as rbi guidelines

Consumer
protection act 1986

Ye bhut imp
act hai or ye banking facilities pr b lagu hota hai.

Ye act un
logo k liye bna hai jo kuch paise dekr saman (things) kridte hai.is act me wo
log shamil ni hai jo free me saman kharidte hai.

Agr isme koi

complain ate hai to wo insane is act k tahat apni complain ko 2 year k under
complain kr skta hai us bank ya ferm k khilaf.

Isme 3 forum
hote hai jo aap ki complain ki sunte hai

1- Disttirict forum -20 lacs tk k problem solve kr skta hai

2- State commission- 20 lac to 100 lacs

3- National commission- 100 lac k above

Time limits

1- Admissibllity of the complain

from date of receipt of complainwith in
21 days

Decision on
complaint

1- District forum 3 months

2- State commission- 5 months

3- National commission 5 months

Reseve bank of india

act 1934

Resev bank 1
april 1935 ko bna or nationalize 1 jan 1949 ko hua.
Is act k
ander schedule banks,bank kese business
kr skte hai iska iska info,

Lones, banke
notes, assests(, bill of exchange n promissory notes are only used by central
gov n reser bank) insbke bare me alg alg secittion me btaya gya gya. Section
2{e} to 49 me

Banking regulatin act

1949

Ye act 16
march 1949 ko lagu hua bad me 1956 me ise j &k me b lagu kiya gya.

Ye act
primary agriculture socirties & cooperative land mortgage bank pr lagu ni
hota.is me banking ki definition di gyi hai

Definition-
banking k ander lone dena. Logo k paiso ko jama krna, krne walo ko bank bola
jata hai .ise wo intrest se profit kamata hai.

Special definition
banking regoulation act 1949 ki section 5{c} me bankins company wo company hai
jo banking bussuness ke ske.

Is act
me section 5c to 49A tk ki section hai.

Total is act
me bankkese kam krta hai bank kya kya facilities apne costomer ko de sktra hai is ko
detail me btaya gya hai.

Foreign exchange management act FEMA 1999

Ye amendment
2 december 1999 ko pass kiya gya tha,ise 1 june 2000 ko all over india me lagu
kr diya . is amendment k phle FERA 1973 tha jisme kuch sudhar kr k FEMA
act bnaya or pass kiya gya,is act me non
resident, resident, authorized person in
sb k bare me btaya gya hai.
Is act me
RBI ko bhut sare rights diye gye hai. Isme RBI foreign exchange ko guidline
jare kr skta hai, fema k andr foriengn exchange 2 type k acc rakh skta hai

1- Saving account(capital accont

transection)

2- Current account( current account

transaction)

Is act me
kisi person k through layi gyi forengn exchang ko authorities ko dena pdta hai.

Ex- apu
America se 1000 doller le kr cst airport pe aayi hai ab wanah pr jo securitise
hai wo apu ka saman check krengi or us me 1000 doller milte hai to apu ko us
k badle india ki currency ka amount mil
jayega pr wo doller ni mlange.

Objective of FEMA

1- Facilitate external trade &

payments

2- For promoting orderly development and

maintenance of foreign exchange market in india.

Securitization and Reconstruction

of financial assets and enforcement of security interest act 2002(sarfaesi act
)

Ye act 23
augest 2002 ko amendment k through laya
gya,

Jisme banks
n other financial companies k bare me btaya gya

1- Posseion of assets ko buy ya sold kr na ya laease krna

2- To take over management of business

3- Action under THE SARFAESI ACT

2002 is possible with consent of at least 60% shareholding member banks by
value
4- Jo log lone lete hai un k liye
conditions

1- Laone 1lac tk ho

2- Security land farm ho

3- Lone ki vaole 20% SE KAM ho.

is type k
logo pr ye act valid ni hai.,,!

Since there is a lot of confusion and lot of people ask, just sharing this:
1. There is no minimum limit for SLR. (Earlier there used to be 25% limit but after
amendment there is no minimum limit). Maximum limit for SLR is 40%.
2. There is no minimum or maximum limit for CRR. (It can be 0% or 100%
hypothetically). Earlier it used to be minimum- 3% and maximum 20% as per
section 42, RBI Act 1934. After Amending the RBI act in 2007 these limits were
removed.
3. In LAF minimum amount to be borrowed in 5 crore. (Banks can't pledge
securities from SLR quota). All clients of RBI are eligible to avail LAF. LAF started
in 2000.
4. For MSF minimum is 1 crore and can be borrowed upto 0.75% of NDTL. Here
only scheduled commercial banks can borrow, not all clients. MSF started in
2011.
India Post eyes 1 crore accounts by March end under girl child
deposit scheme__

NEW DELHI: The postal department has set a target of opening

one crore accounts by March-end under the small deposit scheme
for the girl child launched by Prime Minister Narendra Modi last
week, telecom minister Ravi Shankar Prasad has said.

"The postal department, which has the most deeply penetrated

network in the country, is now a part of the Beti Bachao Beti
Padhao campaign, launched by the PM last week at Panipat,"
Prasad told reporters.

Among the states, the department has set the highest target of
18 lakh girl child accounts for Uttar Pradesh, followed by Bihar at
12 lakh. The account, called Sukanya Samridhi, would fetch an
interest rate of 9.1% annually and provide income tax rebate. It
can be opened at any time from the birth of a girl child till she
attains the age of 10.

Deposits can range from a minimum of Rs 1,000 to a maximum of

 Rs 1.5 lakh during a financial year.

The government, while releasing the scheme, had said its primary
purpose was to ensure equitable share of resources towards a girl
child in order to offset the discrimination a large number of girl
children face.

The account can be opened in any post office or an authorised

branch of a commercial bank.

The account will be operative for 21 years from the date of

opening or the marriage of the girl child after attaining 18 years
of age. To meet the requirement of higher education expenses,
partial withdrawal of 50% of the balance would be allowed after
the girl child turns 18.

what is the difference between ponzy schemes and chit fund??

ponzy schemes--they are multilayed deposit schemes, where money deposited from
new investors are paid to the old ones.. Here diposits are made in various schemes and
depositots did not have a clear iidea for what their money is been invested.. Dispositors
only know about they will get good returns..

Chit funds--Chit funds are fund where few people generally known ones comes under
agreement with the chit fund moderator called the foreman that they will deposit fixes
amount of money in installments for fixed period of times..they are generally regulated
by state giovernments, but maximum of chit funds run on the trust and no any
regulators..In chit fund all the investors gets dividend for the entire fixed period and they
pay installments for the entier period also auctions are made here and prize money is
awarded to one investors..

(chit funds are multi-level marketing schemes-a chit fund is an arrangement that a group
of people arrive at to contribute money in a defined manner at periodic intervals into a
pool or a kitty.
where ponzi is an individual or organization, pays returns to its investors from new
capital paid to the operators by new investors)

how a chit funds works and makes profit.. explain in simple language .. no google
scripts....??

as i explained below chit funds are unsecured deposit schemes where money is
invested for fixed installmenst for a fixed time..and in return auction is made and person
who is bidding the lower value is awarded with prize money and rest investors are
awarded with dividends..
take an example
say 50 investors invest 100 rs installments each for 12months.so for the 1st month total
deposit= 5000 rs
now bidding will be done by investor for discounting and person withh low bidding will be
awarded the money ..
say the lowest discount bid is 10% then 90% of 5000 =4500 will be paid to the lowest
bidder..this is called prize money.
.now
in every chit fund there is generally 5% marging of the chit fund moderator
called foreman.so rest amount= 500-50=450
this 450 will be dived among 49 investors as divediden equally ..means in next
installments they have to pay only 100-(450/49)==91 rs..
---Also person who gets the prize money once have to invest equall installments 100 for
the complete 12 month period
--also he can not bid again..

why people invest in chit fund means what is benefit of it??

benfits of chit funds

--no any formailities like rigrous KYC to deposit money
---DOOr to DOOr money collection by agents
---very low amount of money can also get deposited
----promises of high returns

saradha scam recently take place in west bengall. It was a chit fund or ponzy scheme??

sardha scam wat a ponzy scheme.. As deposits were taken from public in severeal
deposits schemes..but they take money in the name of chit fund..money pooled from
millions of depositots in the several schems runned by more than 200 companies of
sardha group.. And when they were unbale to return money on auctions as they
committed that they are chit funds.. peaople outrage came place on high scale and lead
run away of the company..

# credit goes to my gurudev K mayank

1.Maharashtras Netball Player who died recently during ongoing 35 National

games ?
Ans- Mayuresh Pawar

2.Who won 2015 King Faizal International Prize ?

Ans- Dr Zakir A Naik
3. Author of the book Revolutionizing the Worldss Largest Democracy?
Ans- Hindo Sengupta

4. Which Country is the top destination for Foreign Direct Investment according to
UNCTAD Report ?
Ans- China

5. Which Bank Launched Go Cash Prepaid Travel Card?

Ans- Yes Bank

6. Recently which country celebrated its 67th Independence Day on 4 February

2015?
Ans- Sri Lanka

7. Which bank recently Launched Mobile Trading App?

Ans- HDFC Securities

8. Mrilani Mukherjee who died recently was related with which field ?
Ans- Sculptor and Artist

9. First Organisation to Launch Gold Back Card in UAE?

Ans- Kalyan Jewellers

10. What is the FOREX Remittance Limit under Liberalised Remittance Scheme
(LRS)?
Ans- $250,000

\Why should we select you??

Because of my positive attitude towards any work assigned to me.. I'm a self motivated
person n believe in doing my work with full dedication n honesty.. I'm adaptable enough
to work in any position acc. to the need of org. or at any place....
College or school me koi project kia ho n time allow kare then u can add that too..
Just mention ur positive qualities...:))

Goods And Service Tax

Suppose this the chain whole-seller => ME the ice cream owner shop => YOU,
The Customer

Explanation

1. I bought milk 100 Rs + sugar 100 Rs from the whole-seller

2. There is 10% Tax on every thing (10rs on milk + 10rs on sugar) = 20Rs tax paid
to whole-seller.
3. Now I write in my account book that I paid 20rs GST-tax to whole-seller.
4. I make icecream and Ive set the price 250Rs (input cost 200 + 50 my profit
margin.) { this 50Rs is the value I added}
5. on 250rs selling price, obviously 105 GST tax = 25RS.
6. So customer has to pay 250 + 25 = 275 Rs. For Ice-cream I collect that money.
7. Again in ,my note book, I write that I got 25Rs GST tax from customer.
8. But I dont have to pay that 25Rs to govt. because my book shows that I already
paid 20Rs to my previous whole-seller (who paid those 20RS to govt)
9. Thus in my book I show calculation : 25 20 = 5 Rs. only I have to pay to govt
as GST.

NOW look here I had done value addition of only 50RS & now I have topay tax of
RS. 5 = see this GST is tax only on value that I added.(10% of 50 = 5)

Now HOW IT IS BETTER THAN SALES TAX?

1. I made ice-cream, but Im not going to get any benefit for paying rS.20 tax to
whole-seller, thus my input cost is 200 + 20 = 220.
2. I need to keep RS. 50 as my profit margin.
3. So my product value 220 input + 50 profit = 270
4. Now as a customer you will have to pay 270 + 27 = 297 Rs.
Now compare, as a customer how much tax more you paid?

Sales tax GST = 27 25 = 2rs.

I paid whole-seller how much tax? = 20 RS.now what is 10% of 20 = 2 RS.See the
connection? = In sale tax regime, you were paying tax on a tax which was paid in
previous purchase by me. (those 2Rs.)

What IS The Advantage of GST over Sales tax?

1. In GST as a customer your ice-cream is 2 Rs cheaper, because there is no tax

on tax (cascading)

2. Since I the ice-cream seller have to pay only Rs. 5 as Tax, but for that I need to
write in book, that I already paid 20 Rs. To previous wholesaler + need to give you
bill = bookkeeping = transparency in accounts = no tax evasion

3. In sale tax, I would have sold ice cream without giving bills, = thusGovt. wont
get a penny of tax out of me (even when their intention was to get 27 Rs.!!) , here
theyll get total 25 Rs. (wholesaler guy gave them 20 Rs.+ I give 5 Rs.) so theyre
getting 2 Rs. Less but since people will stop evading taxes =Govt.s Revenue
income increases.
4. Since Im not doing Tax evasion, I dont have to bribe the sale tax inspector= he
wont bribe the Revenue ministers = less black money

If ur PO marks are low then tell them, Sir since my po marks are low i've less
expectations on PO, i dnt want to lose my chance to work in bank so i m appearing for
clerk interview.

Yes It can. But it wont.

Imagine RBI starts printing more money.You and I have more money, but the
shopkeeper has the same quantity he used to have earlier.
We are both willing to pay more than what we were willing to pay earlier.
This leads to inflation, which also means the currency loosing its value.
Everything becomes expensive, so again we are at square one, and we would
again be imagining if printing more money would help us :-)
Apart from this, the value of currency has a huge impact on the export import
industries of our economy and plays a vital role in external companies decision to
invest in India.

## tat is why rbi doesnt print but they can.

2 pools
14 teams
210 players
14 grounds
49 matches
43 days
dobara nhi bataunga jinki hobby cricket h unse bht puch rhe h interview m

Difference between ATM cards, Debit card and Credit card

ATM: It is a PIN based card. That means in addition to using it at ATM's, you may also
be able to make purchases, if the merchant is using one of the same electronic ATM
network that is listed on the back of your card

Debit card: Looks like a regular ATM card. The difference is that a debit card has a VISA
or MASTERCARD logo on its face. That means you can use debit card, wherever VISA
or MASTERCARD are accepted.

Credit card: A debit card is not a credit card. When you use a debit card, the money is
deducted from your checking account. With a credit card, you are borrowing money to
be repaid later....
Suppose maine tujhe loan diya .. and I also hv to give money to elena.. In this case il make document
directing u to make payment to elena on demand or after expiry of specified period this is boe
Boe mei maker is creditor
And pnote mei maker is debtor

Constituency of
Cabinet ministers

1 Narendra Modi- Vadodara- (Gujarat) , (Banaras

UP)

2 Rajnath Singh- Lucknow -(Uttar Pradesh)

3 Arun Jaitley- RajyaSabha- (Gujarat)

4 Sushma Swaraj -Vidisha- (Madhya Pradesh)

5 Nitin Gadkari -Nagpur- (Maharashtra)

6 Venkaiah Naidu- RajyaSabha- (Karnataka)

7 D. V. Sadananda Gowda -Bangalore North-

(Karnataka)

8 Ram Vilas Paswan- Hajipur- (Bihar)

10 Kalraj Mishra- Deoria- (Uttar Pradesh)

11 Maneka Gandh -Pilibhit- (Uttar Pradesh)

12 Ananth Kuma -Bangalore South- (Karnataka )

13 Ravi Shankar Prasad -RajyaSabha- (Bihar

14 Ashok Gadpati Raju -Vizianagaram -(Andhra

Pradesh)

15 Ananth Geete -Raigad- (Maharashtra)

16 Harsimrat Kaur -Bathinda- (Punjab)

17 Narendra Singh Tomar -Gwalior- (Madhya

Pradesh)

18 Jual Oram -Sundargarh- (Odisha)

19 Thawar Chand Gehlot -Rajyasabha- (Madhya

Pradesh)

20 Smriti Irani -RajyaSabha- (Gujarat)

21 Uma Bharti -Jhansi- (Uttar Pradesh)

22 Najma Heptullah- RajyaSabha- (Madhya Pradesh)

23 Radha Mohan Singh -Purvi Champaran- (Bihar)

24 Harsh Vardhan -Chandani Chowk- (Delhi)

rime Minister Narendra Modi on 9th November 2014 (Sunday) added 21 new faces to
his Council

of Ministers, with four getting Cabinet rank. The new ministers took the oath of office at a
ceremony

in Rashtrapati Bhavan. Manohar Parrikar is the new Defence Minister and Suresh
Prabhu will head

the Railway Ministry in the expansion-cum-reshuffle of the Narendra Modi ministry after
21 new Ministers

were sworn-in on Sunday. Here is the complete list.

Complete list of Indian Ministers 2014

CABINET MINISTERS

1. Shri Rajnath Singh : Home Affairs

2. Smt. Sushma Swaraj : External Affairs, Overseas Indian Affairs

3. Shri Arun Jaitley : Finance, Corporate Affairs, Information & Broadcasting

4. Shri M. Venkaiah Naidu : Urban Development, Housing and Urban Poverty Alleviation,

Parliamentary Affairs
5. Shri Nitin Jairam Gadkari : Road Transport and Highways, Shipping

6. Shri Manohar Parrikar : Defence

7. Shri Suresh Prabhu : Railways

8. Shri D.V. Sadananda Gowda : Law & Justice

9. Sushri Uma Bharati : Water Resources, River Development and Ganga Rejuvenation

10. Dr. Najma A. Heptulla : Minority Affairs

11. Shri Ramvilas Paswan : Consumer Affairs, Food and Public Distribution

12. Shri Kalraj Mishra : Micro, Small and Medium Enterprises

13. Smt. Maneka Sanjay Gandhi : Women and Child Development

14. Shri Ananthkumar : Chemicals and Fertilizers

15. Shri Ravi Shankar Prasad : Communications and Information Technology

16. Shri Jagat Prakash Nadda : Health & Family Welfare

17. Shri Ashok Gajapathi Raju Pusapati : Civil Aviation

18. Shri Anant Geete : Heavy Industries and Public Enterprises

19. Smt. Harsimrat Kaur Badal : Food Processing Industries

20. Shri Narendra Singh Tomar : Mines, Steel

21. Shri Chaudhary Birender Singh : Rural Development, Panchayati Raj, Drinking
Water and

Sanitation

22. Shri Jual Oram : Tribal Affairs

23. Shri Radha Mohan Singh : Agriculture

24. Shri Thaawar Chand Gehlot : Social Justice and Empowerment

25. Smt. Smriti Zubin Irani : Human Resource Development

26. Dr. Harsh Vardhan : Science and Technology, Earth Sciences

Uttar Pradesh Chief Minister Akhilesh Yadav presented State's Budget 2015-16 of
302687 crore rupees.

State government has focused on agriculture, education, power, health, roads and
infrastructure development for which 51516 Crore rupees have been allotted.

Budget size of 2015-16 is 10 % more than budget of 2014-2015.

growth rate of up is expected to be 5 %, more than national growth of 4.7 %. Fiscal

deficit is targeted to be kept under 2.96 5 of the State GDP and debt is targeted at
around 27.5 % of State GDP.

Self Help Group

Kya h?

Yeh ek unregistered group of homogeneous people h, 10 se 20

members ka jo ki saath aakar apni common problems solve krte h, economical and
community problems both.

20 se zyada nai ho sakte?

Ho sakte h but thn registration is compulsory

10 se kam nai ho sakte?

5 se 20 ho sakte h..kaha?........jaha sparse population

ho, hilly and desert areas. Etc.

Isme all members should be below poverty line

Is it compulsory? Naiabove poverty line bi ho sakte h but

not more than 30% of members and ABP wont get benefit of subsidy, etc.

Ek family se ek hi member hona chahiye.

Iska purpose kya h

 Yweh group voluntary savings karta h nd members ko loan deta
h..self manage karta hthey embibe some rules and regulations to be
followed..

Jab SHG min. 2 ya 3 mahine tak saving kar ek common saving

fund bana leta h thn who uske members ko lend kar sakta h on interest decided
by group(RBI NABARd ne members ko power di h to decide)

SHG can be linked to banks and schemes.SHG 3 members ko

authorize karta h jisme se koi bhi 2 jointly carry out transactions in
bank.passbook
is in name of SHG.not individual members

It can be linked to PMRY in which SHG must consist of 5 to

20 educated unemployed youths fulfilling the eligibility..no upper ceiling
for these loans

Capacity building.agar SHG 6 months tak ache se chale aura

cha potential show karte h toh .unhe revolving fund milta h bank se of
Rs.25,000 as a cash credit facility..isme se 10,oooDRDA bank ko deta
hbank
interest 10k se jyada amount par hi karegajo subsidy DRDA deta h who loan
amount mein adjust ho jati h at the end of cash credit on request of group.

Father of SHG movement-------Mr. Mohammed Yunus of

Bangladesh

Choose N RE accounts if you:

(Primary reason) want to park your overseas earnings remitted to India converted to Indian

Rupees;

want to maintain savings in Rupee but keep them liquid;

want to make a joint account with another NRI;

want Rupee savings to be freely repatriable

Choose NRO account if you:

(Primary reason) want to park India based earnings in Rupees in India;

want account to deposit income earned in India such as rent, dividends etc;

want to open account with resident Indian (close relative)