CURRENT POLICY RATES (as 30th Oct 2013 )
1. Cash Reserve Ratio (C.R.R.) --- 4%
2. Statutory Liquidity Ratio (S.L.R.)--- 23%
3. Bank Rate (B.R.)--- 8.75%
4. Repo (Re- Purchase Rate (R.R.)--- 7.75%
5. Reverse Repo Rate ---(R.R.R.)--- 6.75%
6. Marginal Standing Facility (M.S.F.)--- 8.75%
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Friday, November 22, 2013
Wednesday, October 30, 2013
BANKING GENERAL KNOWLEDGE
1.The oldest Joint Stock Bank of India -- Allahabad Bank
2. The bank founded by Freedom Fighter Dr. Bhogaraju Pattabhi
Sitaramayya -- Andhra Bank
3. First bank to open a branch outside India -- Bank of India, London,
1946
4. The first bank to be given an ISO 9002 certificate for one of its
branches -- Canara Bank
5. The Postal Dept has issued a commemorative stamp in the name of this
bank celebrating 100 years in 2011 -- Central Bank of India
6. First Indian Bank to be wholly owned by Indians -- Central Bank of
India
7. The bank formed on the efforts of Lala Lajpat Rai -- Punjab National
Bank
8. The only merger of nationalized banks took place between -- Punjab
National Bank and New Bank of India in 1993 9. The bank whose brand
equity is "Pygmy Deposit Scheme" -- Syndicate Bank
10. The bank which was conceived by Shri GD Birla -- UCO Bank
11. The bank which was inaugurated by Mahatma Gandhi in 1919 -- Union
Bank of India
12. The largest among nationalized banks -- Punjab National Bank
13. The bank established in the year 1913 as Bank of Mysore Ltd. at the
instance of the banking committee headed by the great Engineer -
Statesman, Late Dr. Sir M.Visvesvaraya -- State Bank of Mysore
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2. The bank founded by Freedom Fighter Dr. Bhogaraju Pattabhi
Sitaramayya -- Andhra Bank
3. First bank to open a branch outside India -- Bank of India, London,
1946
4. The first bank to be given an ISO 9002 certificate for one of its
branches -- Canara Bank
5. The Postal Dept has issued a commemorative stamp in the name of this
bank celebrating 100 years in 2011 -- Central Bank of India
6. First Indian Bank to be wholly owned by Indians -- Central Bank of
India
7. The bank formed on the efforts of Lala Lajpat Rai -- Punjab National
Bank
8. The only merger of nationalized banks took place between -- Punjab
National Bank and New Bank of India in 1993 9. The bank whose brand
equity is "Pygmy Deposit Scheme" -- Syndicate Bank
10. The bank which was conceived by Shri GD Birla -- UCO Bank
11. The bank which was inaugurated by Mahatma Gandhi in 1919 -- Union
Bank of India
12. The largest among nationalized banks -- Punjab National Bank
13. The bank established in the year 1913 as Bank of Mysore Ltd. at the
instance of the banking committee headed by the great Engineer -
Statesman, Late Dr. Sir M.Visvesvaraya -- State Bank of Mysore
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FIRST IN BANKS - Pioneer in Banking sector
~> First India bank Got ISO : Canara Bank
~> First Governor of RBI : Mr. Osborne Smith
~> First Indian governor of RBI : Mr. C D Deshmukh
~> First Bank to Introduce ATM in India : HSBC
~> First Bank to introduce savings : Presidency bank in 1833
~> First Bank to Introduce Cheque system : Bengal Bank 1784
~> First Bank to introduce Internet Banking : ICICI BANK
~> First Bank to introduce Mutual Fund : State Bank of India
~> First Bank to introduce Credit Card : Central Bank of India
~> First Foreign Bank in India : Comptoire d'Escompte de Paris of
France in 1860
~> First Bank Set Up in India : Bank of Hindustan in 1770
~> First Joint Stock Bank of British India : State Bank of India
~> First Joint Stock Bank of India : Allahabad Bank
~> First Bank that is oldest Public Bank in India : Allahabad Bank
~> First national bank that is merged with Punjab National Bank : New
Bank of India in 1993
~> First Indian bank to open branch outside India in London in 1946 :
Bank of India
~> First Indian Bank started with Indian capital / indigenous Bank of
India : Punjab National Bank
~> First Regional Rural Bank name Prathama Grameen Bank - Was started
by : Syndicate Bank
~> First Bank to launch branch in foreign was "Bank of India" in 1946
in London UK.
~> First bank to Introduce Credit card in India was Central Bank of
India With "Central Card" 1980.
~> First Bank to introduce Debit Card in India was Citi Bank In
Bangalore in 1987
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~> First Governor of RBI : Mr. Osborne Smith
~> First Indian governor of RBI : Mr. C D Deshmukh
~> First Bank to Introduce ATM in India : HSBC
~> First Bank to introduce savings : Presidency bank in 1833
~> First Bank to Introduce Cheque system : Bengal Bank 1784
~> First Bank to introduce Internet Banking : ICICI BANK
~> First Bank to introduce Mutual Fund : State Bank of India
~> First Bank to introduce Credit Card : Central Bank of India
~> First Foreign Bank in India : Comptoire d'Escompte de Paris of
France in 1860
~> First Bank Set Up in India : Bank of Hindustan in 1770
~> First Joint Stock Bank of British India : State Bank of India
~> First Joint Stock Bank of India : Allahabad Bank
~> First Bank that is oldest Public Bank in India : Allahabad Bank
~> First national bank that is merged with Punjab National Bank : New
Bank of India in 1993
~> First Indian bank to open branch outside India in London in 1946 :
Bank of India
~> First Indian Bank started with Indian capital / indigenous Bank of
India : Punjab National Bank
~> First Regional Rural Bank name Prathama Grameen Bank - Was started
by : Syndicate Bank
~> First Bank to launch branch in foreign was "Bank of India" in 1946
in London UK.
~> First bank to Introduce Credit card in India was Central Bank of
India With "Central Card" 1980.
~> First Bank to introduce Debit Card in India was Citi Bank In
Bangalore in 1987
For more articles visit http://cracksbipo.blogspot.com
http://i-phone5c.blogspot.com
http://patelbassar.blogspot.com
http://thegkgarden.blogspot.com
http://microcontrollergarden.blogspot.com
http://microcontroller.tk
FIRST IN BANKS - Pioneer in Banking sector
~> First India bank Got ISO : Canara Bank
~> First Governor of RBI : Mr. Osborne Smith
~> First Indian governor of RBI : Mr. C D Deshmukh
~> First Bank to Introduce ATM in India : HSBC
~> First Bank to introduce savings : Presidency bank in 1833
~> First Bank to Introduce Cheque system : Bengal Bank 1784
~> First Bank to introduce Internet Banking : ICICI BANK
~> First Bank to introduce Mutual Fund : State Bank of India
~> First Bank to introduce Credit Card : Central Bank of India
~> First Foreign Bank in India : Comptoire d'Escompte de Paris of
France in 1860
~> First Bank Set Up in India : Bank of Hindustan in 1770
~> First Joint Stock Bank of British India : State Bank of India
~> First Joint Stock Bank of India : Allahabad Bank
~> First Bank that is oldest Public Bank in India : Allahabad Bank
~> First national bank that is merged with Punjab National Bank : New
Bank of India in 1993
~> First Indian bank to open branch outside India in London in 1946 :
Bank of India
~> First Indian Bank started with Indian capital / indigenous Bank of
India : Punjab National Bank
~> First Regional Rural Bank name Prathama Grameen Bank - Was started
by : Syndicate Bank
~> First Bank to launch branch in foreign was "Bank of India" in 1946
in London UK.
~> First bank to Introduce Credit card in India was Central Bank of
India With "Central Card" 1980.
~> First Bank to introduce Debit Card in India was Citi Bank In
Bangalore in 1987
For more articles visit http://cracksbipo.blogspot.com
http://i-phone5c.blogspot.com
http://patelbassar.blogspot.com
http://thegkgarden.blogspot.com
http://microcontrollergarden.blogspot.com
http://microcontroller.tk
~> First Governor of RBI : Mr. Osborne Smith
~> First Indian governor of RBI : Mr. C D Deshmukh
~> First Bank to Introduce ATM in India : HSBC
~> First Bank to introduce savings : Presidency bank in 1833
~> First Bank to Introduce Cheque system : Bengal Bank 1784
~> First Bank to introduce Internet Banking : ICICI BANK
~> First Bank to introduce Mutual Fund : State Bank of India
~> First Bank to introduce Credit Card : Central Bank of India
~> First Foreign Bank in India : Comptoire d'Escompte de Paris of
France in 1860
~> First Bank Set Up in India : Bank of Hindustan in 1770
~> First Joint Stock Bank of British India : State Bank of India
~> First Joint Stock Bank of India : Allahabad Bank
~> First Bank that is oldest Public Bank in India : Allahabad Bank
~> First national bank that is merged with Punjab National Bank : New
Bank of India in 1993
~> First Indian bank to open branch outside India in London in 1946 :
Bank of India
~> First Indian Bank started with Indian capital / indigenous Bank of
India : Punjab National Bank
~> First Regional Rural Bank name Prathama Grameen Bank - Was started
by : Syndicate Bank
~> First Bank to launch branch in foreign was "Bank of India" in 1946
in London UK.
~> First bank to Introduce Credit card in India was Central Bank of
India With "Central Card" 1980.
~> First Bank to introduce Debit Card in India was Citi Bank In
Bangalore in 1987
For more articles visit http://cracksbipo.blogspot.com
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http://microcontroller.tk
Friday, October 25, 2013
Functions of the Reserve Bank of India RBI
The functions of the Reserve Bank today can be categorised as follows:
1. Monetary policy
2.Regulation and supervision of the banking and non-banking fnancial
institutions, including credit information companies
3. Regulation of money, forex and government securities markets as also
certain fnancial derivatives
4. Debt and cash management for Central and State Governments
5. Management of foreign exchange reserves
6. Foreign exchange management —current and capital account management
Functions of the Reserve Bank
7.Banker to banks
8.Banker to the Central and State Governments
9.Oversight of the payment and settlement systems
10.Currency management
11.Developmental role
12. Research and statistics
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1. Monetary policy
2.Regulation and supervision of the banking and non-banking fnancial
institutions, including credit information companies
3. Regulation of money, forex and government securities markets as also
certain fnancial derivatives
4. Debt and cash management for Central and State Governments
5. Management of foreign exchange reserves
6. Foreign exchange management —current and capital account management
Functions of the Reserve Bank
7.Banker to banks
8.Banker to the Central and State Governments
9.Oversight of the payment and settlement systems
10.Currency management
11.Developmental role
12. Research and statistics
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Thursday, October 24, 2013
Easy way to Remember bank headquarters
1. All banks jinke naam ke last me india hai (united bank of india ko
chod kar) aur Dena ka head office Mumbai me hai ,,,,,,,
2. IOB & IB in chennai,,,,, jinke name me Indian pahle ata hai unka
headquarter chennai me.
3. remember a sentence "New delhi Ke panjabi log commerce me kafi tez
hote hain" (Upcoming Stars of India) now PNB,Panjab & sindh Bank &
Oriental bank of commerce have their headquarters in NEW DELHI .
4. UCO ,UNITED bank of India & Allahabad bank - Kolkata,,,(by R RS)
5.There are two banks which resembles a south indian name Canara,Vijaya
- banglore ,,
6.Bank of Baroda,Bank of Mahastra & Andhara bank headquarter are
related to their own cities like Bank of Baroda - Baroda,Bank of
maharastra - Pune,Andhra bank- Hyderabad
7.There are only two banks which have very unique headquarters memorize
them separately Syndicate Bank - Manipal Corporation Bank-Mangalore ..
hope will help all of you..
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chod kar) aur Dena ka head office Mumbai me hai ,,,,,,,
2. IOB & IB in chennai,,,,, jinke name me Indian pahle ata hai unka
headquarter chennai me.
3. remember a sentence "New delhi Ke panjabi log commerce me kafi tez
hote hain" (Upcoming Stars of India) now PNB,Panjab & sindh Bank &
Oriental bank of commerce have their headquarters in NEW DELHI .
4. UCO ,UNITED bank of India & Allahabad bank - Kolkata,,,(by R RS)
5.There are two banks which resembles a south indian name Canara,Vijaya
- banglore ,,
6.Bank of Baroda,Bank of Mahastra & Andhara bank headquarter are
related to their own cities like Bank of Baroda - Baroda,Bank of
maharastra - Pune,Andhra bank- Hyderabad
7.There are only two banks which have very unique headquarters memorize
them separately Syndicate Bank - Manipal Corporation Bank-Mangalore ..
hope will help all of you..
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Monday, October 14, 2013
BANKING TERMS - ABBREVIATIONS
BANKING TERMS - ABBREVIATIONS
01. ISCI – International Standard Industrial Classification
02. KCC – Kisan Credit Card
03. KVIC – Khadi and Village Industries Corporation
04. KYC – Know your customer
05. LAMPS – Large Sized Adivasi Multipurpose societies
06. LERMS – Liberalised Exchange Rate Management
System
07. LIC – Life Insurance Corporation of India
08. MCA – Ministry of Company affairs
09. MIS – Management Information System
10. MICR – Magnetic Ink Character Recognition
11. NABARD – National Bank for Agriculture and Rural
Development
12. NBFC – Non Banking Finance Companies
13. NEFT – National Electronic Funds Transfer
14. NPA – Non Performing assets
15. NRE – Non Resident External account
16. NRI – Non Resident Indian
17. NSE – National Stock Exchange
18. OLTAS – Online tax accounting system
19. OMO – Open market operations
20. PACS – Primary Agricultural Credit Societies
21. PDO – Public Debt Office
22. PIN – Personal Identification Number
23. QIB – Qualified Institutional Buyers
24. RBI – Reserve Bank of India
25. RDBMS – Relational Database Management System
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01. ISCI – International Standard Industrial Classification
02. KCC – Kisan Credit Card
03. KVIC – Khadi and Village Industries Corporation
04. KYC – Know your customer
05. LAMPS – Large Sized Adivasi Multipurpose societies
06. LERMS – Liberalised Exchange Rate Management
System
07. LIC – Life Insurance Corporation of India
08. MCA – Ministry of Company affairs
09. MIS – Management Information System
10. MICR – Magnetic Ink Character Recognition
11. NABARD – National Bank for Agriculture and Rural
Development
12. NBFC – Non Banking Finance Companies
13. NEFT – National Electronic Funds Transfer
14. NPA – Non Performing assets
15. NRE – Non Resident External account
16. NRI – Non Resident Indian
17. NSE – National Stock Exchange
18. OLTAS – Online tax accounting system
19. OMO – Open market operations
20. PACS – Primary Agricultural Credit Societies
21. PDO – Public Debt Office
22. PIN – Personal Identification Number
23. QIB – Qualified Institutional Buyers
24. RBI – Reserve Bank of India
25. RDBMS – Relational Database Management System
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