Category Archives: Banking Notes

Banking History in India – First in Banks

➡ First in Banks : #Banking_History ============= ▪️First bank in India- Bank of Hindustan (1770) ▪️First Bank managed by Indians- Oudh Commercial Bank ▪️First Bank with Indian capital- Punjab National Bank (Founder of the Bank is Lala Lajpat Rai) ▪️First Foreign Bank in India – HSBC ▪️First bank to get ISO certificate – Canara Bank ▪️First… Read More »

Declaration Format and Bank Preferences for IBPS PO/Clerk

➡ IMPORTANT Documents required to apply for IBPS SO EXAM 2018 1) Photograph scan(4.5cm×3.5cm) 2) Signature (on white paper with black ink) 3) Left thumb impression 4) Hand written declaration ➡ Declaration Format Note :: (Declaration to be written On white paper with black ink) ” I ………..(Name of candidate), hereby declare that all the… Read More »

What is definition and meaning of RBI Policy Rates

➡ Full form of RBI Policy Rates. ✔️ Policy Rates ▪️ Repo rate: It is rate at which RBI lends to its clients generally against government securities. ▪️ Reverse Repo Rate: It is rate at which banks lend funds to RBI. ▪️ Marginal Standing Facility (MSF) Rate: It is rate at which scheduled banks can borrow funds… Read More »

Banking and Important Financial terms for Exams

➡ Banking & Financial points – Important for all banking exams IBPS, RRB, SBI, other bank exams ▪ GDP – Gross Domestic Product. ▪ NBFC – Non banking finance company. ▪ Bear and Bulls related to – Stock Market. ▪ SDR (Special Drawing Rights) issued by – IMF. ▪ Financial Inclusion — Banking services to… Read More »

Know all about Para Banking Activity by Banks

➡ What is Para Banking Activity? Banks can undertake certain eligible financial services or activities either departmentally or by setting up subsidiaries is called Para Banking. We could also define Para banking activities as the activities which are done by a Bank apart from its normal day to day activities (like deposit, withdrawal etc.) Para banking… Read More »

List of One liners Banking Questions for IBPS, RRB, SBI

➡ BANKING ONE LINERS ▪ Rates of Interest on deposits are determined by——— The Bank itself. ▪ Foreign exchange Reserves of India are kept in the custody of ——RBI. ▪ The Export-Import Bank of India was set up in —— January 1982. ▪ The Banking Regulation Act was implemented on—– March 10, 1949. ▪ The… Read More »

New one rupee notes to be in circulation soon

➡ Important facts about One Rupee Note. The new one rupee note contains the words ‘भारत सरकार’ above the words “Government of India” with the bilingual signature of Shaktikanta Das, Secretary, Ministry of Finance and with the replica of new rupee one coin with ₹ symbol of 2017 issued with ‘सत्‍यमेवजयते’ and capital insert letter… Read More »

Important One Line Questions on Banking Awareness

➡ 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… Read More »

One Liners Banking Important Questions for Exam

➡ BANKING ONE LINERS Exchange of cash flow in different currency is known as: Ans: Currency Swap ● Expand ASBA:Ans: Application Supported by Blocked Amount ● Fastest mode of transaction: Ans: RTGS ● First Indian Bank to introduce credit card: Ans: Central Bank of India ● Fixed Deposit (FD)Account may be opened for a minimum… Read More »