➡ BANKING AWARENESS – ONE LINER
▪ EBT – Electronic benefit transfer
▪ Bank of rajasthan merged with ICICI bank
▪ For NBFC capital requirement – 2 cr
▪ Date of demonetisation – Nov 9
▪ Banking ombudsman is appointed by – RBI
▪ Tax free union territory – Pudhucherry
▪ Maximum age for retirement of MD/CEO for all private banks – 70 years
▪ New savings schemes introduced by SBI for children – pehlaKadam and PehliUdaan
▪ Financial inclusion – Ensuring accessibility to bank accounts for many/all.
▪ Vijay Mallya ‘willfull defaulter is declared by – United Bank of India
▪ Mutual funds are regulated by – Securities Exchange Board of India (SEBI)
▪ Equator- the term associated with Banking operations
▪ U.T.I officially changed by – Axis bank
▪ Regulatory authority of rural banks – RBI and NABARD
▪ EBT – Electrical Benefit Transfer
▪ BMB Smartbanking – internet banking facility launched by BharatiyaMahila Bank
▪ NABARD – Handles refinance for agriculture and rural development in India
▪ ICICI – allow to open bank account for children above 10
▪ Kotak Mahindra Bank – launched FACEBOOK based social networking instant fund transfer
▪ SBI – introduced first multi-currency international debit card.
▪ Microsoft – ready to set up data centres end of 2015.
▪ The foreign exchange reserves are kept by – RBI
▪ Bank of Rajastan merged with ICICI bank
▪ Drawer in bank cheques – who issues the cheque.
▪ Drawee in bank cheque – always the banker
▪ Union bank – first bank to set up talking ATM
▪ SBI Associate banks – initially seven banks
▪ During inflation tax should be increased.
▪ Industrial sector – biggest tax paying sector in India
▪ SBI – first Indian bank to touch market capital up to Rs.100000 crore
▪ Insurance sector regulated by – Insurance Regulatory and Development Authority (IRDA)
▪ United commercial bank – Expanded form UCO bank
▪ TRIPS and TRIMS associated with – WTO
▪ SBI and Bank of India – first two Indian banks to open branch in Pakistan
▪ The merchant banking activities in India governed by – SEBI
▪ RBI establish in – April 1, 1935.
▪ Original name of SBI – Bank of Calcutta and Bank of Bengal
▪ SBI comes into existence in – 1955
▪ Hum Hai Na is the slogan of ICICI
▪ World bank established in 1944
▪ Headquarter of world bank is Washington DC.
▪ World bank 12th president – Jim Yong Kim
▪ SIDBI – Small Industries Development Bank of India
▪ NHB – National Housing Bank
▪ NHB established in 9th July, 1988
▪ NDTL – Net Demand and Time Liabilities.
▪ KYC – Know Your Customer
▪ Inflation – increase in general level of price for goods and service
▪ Bearer cheque – payable to any person who present it for payment at the bank counter
▪ Capital market deals in – Long term funds and Debt and Equity
▪ Banking commission established in – 1972
▪ IRDA headquarter – Hyderabad
▪ SBI formulated under – SBI Act 1955
▪ ICICI – first universal bank established in country
▪ Scheduled commercial banks got license under – Banking Regulation Act 1949
▪ Laxmi commercial bank merged with Canara bank
▪ If ATM is out of order it is called operational risk
▪ When computer is not worked in banks is called operational risk
▪ Credit risk – If loans are not repaid in time
▪ Market risk – If the bank products failed to service in market
▪ IFSC denotes Branch code of any bank
▪ IFSC consist of 11 digits
▪ Global bank – Take over by Oriental bank of commerce
▪ RBI does not issue one rupee note
▪ Bank of baroda – first bank to open branch outside India at London
▪ NRI deposits called as Hot Money
▪ LAB – Local Area Banks
▪ Oriental bank of commerce – first bank to issue capital to public.
▪ SEBI consists of chairman and five members
▪ Bank rate – when RBI desires to restrict expansion of credit it raises.
▪ Dishonour of the cheque – when bank returns the the cheque unpaid
▪ Mortgage is the security on immovable property
▪ FINO – Financial Information Network and Operation Limited
▪ When the purchasing power of money decreases then rate of inflation increase.
▪ DICGC – Deposits Insurance and Credit Guarantee Corporation of India Limited
▪ Money laundering – conversion of money which is illegal.