Banking Terminology, Banking Awarensee for Bank PO/Clerk Exam, IBPS PO/Clerk/RRBs Exams, SSC(Staff Selection Board) Exam, Regioanal Rural Banks Exams, India Oil Corporation, Coal India Exams, ONGC Exams

SEBI(Securities & Exchange Board of India), Sensex & Nifty, Mutual Funds, Asset Management Company, Non-Performing Assets, Recession, Foreign Exchange Reverse, IMF( International Monetary Fund)

12/1/2013

SEBI(Securities & Exchange Board of India), Sensex & Nifty, Mutual Funds, Asset Management Company, Non-Performing Assets, Recession, Foreign Exchange Reserves, IMF( International Monetary Fund)

1. SEBI (Securities and Exchange Board of India)
SEBI (Securities and Exchange Board of India) is the regulator for the Securities Market in India. Originally set up by the Government of India in 1988, it acquired statutory form in 1992 with SEBI Act 1992 being passed by the Indian Parliament.
Chaired by U.K. Sinha.

2. Sensex and Nifty Sensex
Sensex and Nifty Sensex is the short term for the words "Sensitive Index" and is associated with the Bombay (Mumbai) Stock Exchange (BSE). The SENSEX was first formed on 1-1-1986 and used the market capitalization of the 30 most traded stocks of BSE. Whereas NSE has 50 most traded stocks of NSE. SENSEX IS THE INDEX OF BSE. AND NIFTY IS THE INDEX OF NSE. BOTH WILL SHOW DAILY TRADING MARKS. Sensex and Nifty both are an "index”. An index is basically an indicator it indicates whether most of the stocks have gone up or most of the stocks have gone down.

3. Mutual funds
Mutual funds are investment companies that pool money from investors at large and offer to sell and buy back its shares on a continuous basis and use the capital thus raised to invest in securities of different companies. The mutual fund will have a fund manager that trades the pooled money on a regular basis. The net proceeds or losses are then typically distributed to the investors annually.

4. Asset Management Companies
A company that invests its clients' pooled fund into securities that match its declared financial objectives. Asset management companies provide investors with more diversification and investing options than they would have by themselves. Mutual funds, hedge funds and pension plans are all run by asset management companies. These companies earn income by charging service fees to their clients.

5. Non-Performing Assets
Non-performing assets, also called non-performing loans, are loans, made by a bank or finance company, on which repayments or interest payments are not being made on time. A debt obligation where the borrower has not paid any previously agreed upon interest and principal repayments to the designated lender for an extended period of time. The nonperforming asset is therefore not yielding any income to the lender in the form of principal and interest payments.

6. Recession
A true economic recession can only be confirmed if GDP (Gross Domestic Product) growth is negative for a period of two or more consecutive quarters.

7. Foreign Exchange Reserves
Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign currency deposits and bonds held by central banks and monetary authorities. However, the term in popular usage commonly includes foreign exchange and gold, SDRs and IMF reserve positions.

8. IMF( International Monetary Fund)
IMF is an international organization that oversees the global financial system by following the macroeconomic policies of its member countries; in particular those with an impact on exchange rates and the balance of payments. It is an organization formed to stabilize international exchange rates and facilitate development.

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Core Banking Solutions, RBI Functions, Bank, Bank Type & Its Functions, Cheque, Demand Draft, NBFC(Non Banking Financial Company), Nasscom(National Association of Software and Services Companies), ASSOCHAM ( Associated Chambers of Commerce and Industry o

12/1/2013

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Core Banking Solutions, RBI Functions, Bank, Bank Type & Its Functions, Cheque, Demand Draft, NBFC(Non Banking Financial Company), Nasscom(National Association of Software and Services Companies), ASSOCHAM ( Associated Chambers of Commerce and Industry of India), NABARD(National Bank for Agriculture and Rural Development), SIDBI (Small Industries Development Bank of India),

1. Core Banking Solutions
Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices. It will cut down time, working simultaneously on different issues and increasing efficiency. The platform where communication technology and information technology are merged to suit core needs of banking is known as Core Banking Solutions.

2. RBI Functions
The Reserve Bank of India is the central bank of India, was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for nine years. To regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage." Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker. Banker to banks: maintains banking accounts of all scheduled banks.

3. Bank, its Features and Types
A bank is financial organizations where people deposit their money to keep it safe. Banks play an important role in the financial system and the economy. As a key component of the financial system, banks allocate funds from savers to borrowers in an efficient manner. Regional Rural Banks were established with an objective to ensure sufficient institutional credit for agriculture and other rural sectors. The RRBs mobilize financial resources from rural / semi-urban areas and grant loans and
advances mostly to small and marginal farmers, agricultural laborers and rural artisans.
(i) The area of operation of RRBs is limited to the area as notified by Gov. covering one or more districts in the State.
(ii) Banking services for individual customers is known as retail banking.
(iii) A bank that deals mostly in but international finance, long-term loans for companies and underwriting. Merchant banks do not provide regular banking services to the general public.
(iv) Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank.
(v) Mobile Banking is a service that allows you to do banking transactions on your mobile phone without making a call, using the SMS facility. Is a term used for performing balance checks, account transactions, payments etc. via a mobile device such as a mobile phone.
(vi)Traditional banking is the normal bank accounts we have. Like, put your money in the bank and they act as a security and you will get only the normal interests (decided by RBI in our case, FED bank in US).
(vii) Investment banking is entirely different. Here, people who are having so much money (money in excess which will yield only less interest if in Banks) will invest their money and get higher returns. For example, if I have more money instead of taking the pain of investing in share market, buying properties etc. I will give to investment banks and they will do the money management and give me higher returns when compared to traditional banks.

4. Cheque
Cheque is a negotiable instrument instructing a Bank to pay a specific amount from a specified account held in the maker/depositor's name with that Bank. A bill of exchange drawn on a specified banker and payable on demand. “Written order directing a bank to pay money”.

5. Demand Draft
A demand draft is an instrument used for effecting transfer of money. It is a Negotiable Instrument. Cheque and Demand-Draft both are used for Transfer of money. You can 100% trust a DD. It is a banker's check. A check may be dishonored for lack of funds a DD cannot. Cheque is written by an individual and Demand draft is issued by a bank. People believe banks more than individuals.

6. NBFC (Non-Banking Financial Company)
A non-banking financial company (NBFC) is a company registered under the Companies Act, 1956 and is engaged in the business of loans and advances, acquisition of shares/stock/bonds/debentures/securities issued by government, but does not include any institution whose principal business is that of agriculture activity, industrial activity, sale/purchase/construction of immovable property. NBFCs are doing functions akin to that of banks; however there are a few differences:
(i) A NBFC cannot accept demand deposits (demand deposits are funds deposited at a depository institution that are payable on demand -- immediately or within a very short period -- like your current or savings accounts.
(ii) It is not a part of the payment and settlement system and as such cannot issue cheques to its customers.
(iii) Deposit insurance facility of DICGC is not available for NBFC depositors unlike in case of banks.

7. NASSCOM (National Association of Software and Services Companies)
The National Association of Software and Services Companies (NASSCOM), the Indian chamber of commerce is a consortium that serves as an interface to the Indian software industry and Indian BPO industry. Maintaining close interaction with the Government of India in formulating National IT policies with specific focus on IT software and services maintaining a state of the art information database of IT software and services related activities for use of both the software developers as well
as interested companies overseas.
Mr. R Chandrasekhar – President Krishnakumar Natarajan – Chairman

8. ASSOCHAM ( Associated Chambers of Commerce and Industry of India)
India's premier apex chamber covers a membership of over 2 lakh companies and professionals across the country. It was established in 1920 by promoter chambers, representing all regions of India. As an apex industry body, ASSOCHAM represents the interests of industry and trade, interfaces with Government on policy issues and interacts with counterpart international organizations to promote bilateral economic issues.
President – Rana Kapoor

9. NABARD(National Bank for Agriculture and Rural Development)
NABARD was established by an act of Parliament on 12 July 1982 to implement the National Bank for agriculture and Rural Development Act 1981. It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC). It is one of the premiere agencies to provide credit in rural areas. NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts.

10. SIDBI (Small Industries Development Bank of India)
The Small Industries Development Bank of India is a state-run bank aimed to aid the growth and development of micro, small and medium scale industries in India. Set up in 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.

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Banking Terminology or Banking Awareness...The Term Vote on Account, Interim Budget, SDR(Special Drawing Rights), SEZ(Special Economic Zone), Corporate Governance, Monetary Policy, Fiscal Policy, E-Governance, Right to Information, Credit Rating Agencies

12/1/2013

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Banking Terminology or Banking Awareness...The Term Vote on Account, Interim Budget, SDR(Special Drawing Rights), SEZ(Special Economic Zone), Corporate Governance, Monetary Policy, Fiscal Policy, E-Governance, Right to Information, Credit Rating Agencies in India.

1. Vote on Account
A vote-on account is basically a statement, where the government presents an estimate of a sum required to meet the expenditure that it incurs during the first three to four months of an election financial year until a new government is in place, to keep the machinery running.

2. Difference between Vote on Account and Interim Budget
Vote-on-account deals only with the expenditure side of the government's budget, an interim Budget is a complete set of accounts, including both expenditure and receipts.

3. SDR (Special Drawing Rights)
The SDR (Special Drawing Rights) is an artificial currency created by the IMF in 1969. SDRs are allocated to member countries and can be fully converted into international currencies so they serve as a supplement to the official foreign reserves of member countries. Its value is based on a basket of key international currencies (U.S. dollar, euro, yen and pound sterling).

4. SEZ (Special Economic Zone)
SEZ means Special Economic Zone is the one of the part of government’s policies in India. A special Economic zone is a geographical region that economic laws which are more liberal than the usual economic laws in the country. The basic motto behind this is to increase foreign investment, development of infrastructure, job opportunities and increase the income level of the people.

5. Corporate governance
The way in which a company is governed and how it deals with the various interests of its customers, shareholders, employees and society at large. Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or controlled. Is defined as the general set of customs, regulations, habits, and laws that determine to what end a firm should be run.

6. Monetary policy
A Monetary policy is the process by which the government, central bank, of a country controls. (i) The supply of money (ii) Availability of money (iii) Cost of money or rate of interest In order to attain a set of objectives oriented towards the growth and stability of the economy.

7. Fiscal Policy
Fiscal policy is the use of government spending and revenue collection to influence the economy. These policies affect tax rates, interest rates and government spending, in an effort to control the economy. Fiscal policy is an additional method to determine public revenue and public expenditure.

8. E-Governance
E-Governance is the public sector’s use of information and communication technologies with the aim of improving information and service delivery, encouraging citizen participation in the decision-making process and making government more accountable, transparent and effective.

9. Right to information Act
The Right to Information act is a law enacted by the Parliament of India giving citizens of India access to records of the Central Government and State Governments. The Act applies to all States and Union Territories of India, except the State of Jammu and Kashmir - which is covered under a State-level law. This law was passed by Parliament on 15 June 2005 and came fully into force on 13 October 2005.

10. Credit Rating Agencies in India
The credit rating agencies in India mainly include ICRA and CRISIL.ICRA was formerly referred to the Investment Information and Credit Rating Agency of India Limited. Their main function is to grade the different sector and companies in terms of performance and offer solutions for up gradation. The credit rating agencies in India mainly include ICRA and CRISIL(Credit Rating Information Services of India Limited).

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Banking Terminology for Banking, IBPS & Various other exams...The Terms Fiscal Deficit, Revenue Deficite, GDP(Gross Domestic Products), GNP( Gross National Product), National Income, Per Capita Income.

12/1/2013

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The Terms Fiscal Deficit, Revenue Deficite, GDP(Gross Domestic Products), GNP( Gross National Product), National Income, Per Capita Income.

1. Fiscal Deficit
It is the difference between the government’s total receipts (excluding borrowings) and total expenditure.

2. Revenue deficit
It defines that, where the net amount received (by taxes & other forms) fails to meet the predicted net amount to be received by the government.

3. GDP (Gross Domestic Product)
The Gross Domestic Product or GDP is a measure of all of the services and goods produced in a country over a specific period; classically a year.

4. GNP (Gross National Product)
Gross National Product is measured as GDP plus income of residents from investments made abroad minus income earned by foreigners in domestic market.

5. National Income
National Income is the money value of all goods and services produced in a country during the year.

6. Per Capita Income
The national income of a country, or region, divided by its population. Per capita income is often used to measure a country's standard of living.

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Banking Terminology for Bank, IBPS PO Exams...The Term FII(Foreign Institutional Investors), FDI(Foreign Direct Investment), IPO(Initial Public Offer) Explained...

11/30/2013

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This post Explain the term FII(Foreign Institutional Investors), FDI( Foreign Direct Investment) & IPO( Initial Public Offer) for banking & IBPS PO banking awareness section.

1. FII (Foreign Institutional Investor)
Foreign Institutional Investor used to denote an investor, mostly in the form of an institution. An institution established outside India, which proposes to invest in Indian market, in other words buying Indian stocks. FII's generally buy in large volumes which has an impact on the stock markets. Institutional Investors includes pension funds, mutual funds, Insurance Companies, Banks, etc.

11. FDI (Foreign Direct Investment)
FDI (Foreign Direct Investment) occurs with the purchase of the “physical assets or a significant amount of ownership (stock) of a company in another country in order to gain a measure of management control” (Or) A foreign company having a stake in an Indian Company.

12. IPO (Public Offering)
IPO is Initial Public Offering. This is the first offering of shares to the general public from a company wishes to list on the stock exchanges.

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Banking Terminology or Banking Awareness for Banking, IBPS PO & Various other exams... The Term Inflation, Deflation, Prime Interest Rates, Deposit Rates Explained...

11/30/2013

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Banking terminology for banking, IBPS PO & all other various exams. In this post we explain the four term i.e. Inflation, Deflation, Prime Interest Rate, Deposit Rate

1. Inflation
Inflation is as an increase in the price of bunch of Goods and services that projects the Indian economy. An increase in inflation figures occurs when there is an increase in the average level of prices in Goods and services. Inflation happens when there are
fewer Goods and more buyers; this will result in increase in the price of Goods, since there is more demand and less supply of the goods.

2. Deflation
Deflation is the continuous decrease in prices of goods and services. Deflation occurs when the inflation rate becomes negative (below zero) and stays there for a longer period.

3. PLR(Prime Interest Rate)
The Prime Interest Rate is the interest rate charged by banks to their most creditworthy customers (usually the most prominent and stable business customers). The rate is almost always the same amongst major banks. Adjustments to the prime rate are made by banks at the same time; although, the prime rate does not adjust on any regular basis. The Prime Rate is usually adjusted at the same time and in correlation to the adjustments of the Fed Funds Rate. Some banks use the name "Reference Rate" or "Base Lending Rate" to refer to their Prime Lending Rate.

4. Deposit Rate
Interest Rates paid by a depository institution on the cash on deposit.

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Banking Terminology or Banking Awareness for Banking, IBPS PO & Various other exams...Repo, Reverse Repo, CRR, SLR Explained

11/30/2013

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Banking terminology or Banking awareness for Banking, IBPS PO or Various other exams.

Candidates preparing for banking exams find it difficult to find out what to read for banking terminology as this is one of the sections for banking PO exams conducted by IBPS. AND yes this is scoring too, of know the answer it takes only a second to click & plus yoru score by one.

Here, we are going to explain the terms "Repo Rate, Reverse Repo Rate, CRR, SLR" following terms related to the banking industry. Just stay connected with us & we'll keep updated this section, you don't need to go anywhere else for banking terminology part.

Repo Rate, Reverse Repo Rate, CRR, SLR for banking, IBPS & various exams.

1. Repo Rate

Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases, borrowing from RBI becomes more expensive.
Present Repo Rate – 7.75 %

2. Reverse Repo Rate

This is exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. RBI uses this tool when it feels there is too much money floating in the banking system. Banks are always happy to lend money to RBI since their money is in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to these attractive interest rates.
Present Reverse Repo Rate – 6.75 %

3. CRR Rate

Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI Decides to Increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks.
Present CRR – 4 %

4. SLR Rate

SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers. SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit. SLR is determined as the percentage of total demand and percentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. SLR is used to control inflation and propel growth. Through SLR rate tuning the money supply in the system can be controlled efficiently.
Present SLR – 23 %

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Various Banking terms (Account, Annuity, Asset, Bail Out, Balance sheet, Bank Credit, Bank Deposit, Bank Note, Bank Rate, Bankruptcy etc) & their definition.

11/22/2013

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What is an Bank Account?

Bank Account
Refers to a running record of transactions which are taking place between two transactors, who may be in two departments of one business and a basic element in all systems of recording business transactions. In retail trading it refers to the credit facility which is automatically extended to a customer with whom an account is operated.

What is the Annuity?

Annuity- A regular annual payment of money purchased by an immediate lumpsum prepayment.

What is an Asset?

Asset- When the balance sheet of a business is drawn up, everything which it owns at the time which has a money value is listed as an asset. They may be classified as:

(1)   Current Assets – consisting of cash, stock and book debts.

(2)   Fixed Assets – consisting of buildings, plant and machinery.

(3)   Intangible Assets – being the value of goodwill, patents.

What is Bail Out?

Bail Out- To rescue a company which is in financial difficulties. Ex: The US government recently bailed out insurance company AIG.

What is a Balance Sheet?

Balance Sheet- This is an ordered statement of the economic resources or assets of a company or other business organisation, each item having a value set upon it; the financial claims of persons or organizations upon the value of these assets.

Bank Credit
Refers to the lending by the banking system, by whatever means: bank advances, discounting bills or purchasing securities.

Bank Deposits
The funds deposited in bank accounts. In reality they are simply records of indebtedness of a bank to the depositor and they arise from the character of banks as financial intermediaries.

Bank Note
A note issued by a bank for a sum of money which it promises to pay the bearer on demand.

Bank Rate
Bank Rate is the rate of discount at which the central bank of the country discounts first class bills. It is the rate of interest at which the central banks lends money to the commercial banks. Bank rate is a direct quantitative method of credit control in the economy.

Bankruptcy
A legal proceeding under which the property of an insolvent debtor is taken for the benefit of his creditors generally.

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Banking achievements with respect to its first: Useful for IBPS PO/Clerk/RRBs

10/2/2013

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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 saving Bank in India : Presidency bank in 1830

First Bank to Introduce Cheque system in India : 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 in India : 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

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All Financial Regulatory Bodies in India.

5/29/2013

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Financial Regulatory Bodies In India

The financial system in India is regulated by independently in the field of banking, insurance, capital market, commodities market, and pension funds. The financial regulation in India is very strict & powers are limited in comparison of other countries. Government of India plays a significant role in controlling the financial system in India and influences the roles of such regulators at least to some extent.

The following are five major financial regulatory bodies in India:-

    Reserve Bank of India : Reserve Bank of India (RBI) is the sole regulatory body of banking as well as non banking financial bodies or financial institutions network in India. It is also called as the central bank of the country.

   The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated.   Though originally privately owned, since nationalization in 1949, now the Reserve Bank is fully owned by the Government of India.

    Securities and Exchange Board of India : SEBI Act, 1992 : Securities and Exchange Board of India (SEBI) regulate the capital (Security market) market in India. Securities and Exchange Board of India (SEBI) was first established in the year 1988 as a non-statutory body for regulating the securities market. It became an autonomous body in 1992 and more powers were given through an ordinance. Since then it regulates the market through its independent powers.

Insurance Regulatory and Development Authority(IRDA) : The Insurance Regulatory and Development Authority (IRDA) regulate the whole insurance industry in India. The Insurance Regulatory and Development Authority (IRDA) is a national agency of the Government of India and is based in Hyderabad (Andhra Pradesh). It was formed by an Act of Indian Parliament known as IRDA Act 1999, which was amended in 2002 to incorporate some emerging requirements. Mission of IRDA as stated in the act is "to protect the interests of the policyholders, to regulate, promote and ensure orderly growth of the insurance industry and for matters connected therewith or incidental thereto."

    Forward Market Commission India (FMC) : Forward Markets Commission (FMC) regulate the ministry consumer affairs means regulate the whole distribution system of government. Forward Markets Commission (FMC) headquartered at Mumbai, is a regulatory authority which is overseen by the Ministry of Consumer Affairs, Food and Public Distribution, Govt. of India. It is a statutory body set up in 1953 under the Forward Contracts (Regulation) Act, 1952 This Commission allows commodity trading in 22 exchanges in India, out of which three are national level.

Pension Fund Regulatory and Development Authority (PFRDA) under the Finance Ministry: Pension Fund Regulatory and Development Aulthority (PFRDA) regulate the whole pension fund & development of pension fund.Pension Fund Regulatory and Development Aulthority (PFRDA) was established by Government of India on 23rd August, 2003. The Government has, through an executive order dated 10th October 2003, mandated PFRDA to act as a regulator for the pension sector. The mandate of PFRDA is development and regulation of pension sector in India.

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SEBI(Securities & Exchange Board of India), Sensex & Nifty, Mutual Funds, Asset Management Company, Non-Performing Assets, Recession, Foreign Exchange Reverse, IMF( International Monetary Fund)

Core Banking Solutions, RBI Functions, Bank, Bank Type & Its Functions, Cheque, Demand Draft, NBFC(Non Banking Financial Company), Nasscom(National Association of Software and Services Companies), ASSOCHAM ( Associated Chambers of Commerce and Industry o

Banking Terminology or Banking Awareness...The Term Vote on Account, Interim Budget, SDR(Special Drawing Rights), SEZ(Special Economic Zone), Corporate Governance, Monetary Policy, Fiscal Policy, E-Governance, Right to Information, Credit Rating Agencies

Banking Terminology for Banking, IBPS & Various other exams...The Terms Fiscal Deficit, Revenue Deficite, GDP(Gross Domestic Products), GNP( Gross National Product), National Income, Per Capita Income.

Banking Terminology for Bank, IBPS PO Exams...The Term FII(Foreign Institutional Investors), FDI(Foreign Direct Investment), IPO(Initial Public Offer) Explained...

Banking Terminology or Banking Awareness for Banking, IBPS PO & Various other exams... The Term Inflation, Deflation, Prime Interest Rates, Deposit Rates Explained...

Banking Terminology or Banking Awareness for Banking, IBPS PO & Various other exams...Repo, Reverse Repo, CRR, SLR Explained

Various Banking terms (Account, Annuity, Asset, Bail Out, Balance sheet, Bank Credit, Bank Deposit, Bank Note, Bank Rate, Bankruptcy etc) & their definition.

Banking achievements with respect to its first: Useful for IBPS PO/Clerk/RRBs

Follow Us@ Facebook & Twitter

All Financial Regulatory Bodies in India.

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