Economic Survey 2021-22 Highlights
Economic Survey 2021-22 Smt. Nirmala Sitharaman (The Union Minister for Finance & Corporate Affairs) presented the Economic Survey 2021-22 in Parliament on February 01, 2022. Here in this post, we …
Banking Awareness Content
Banking Awareness: Subsidiaries of RBI
Banking Awareness forms an important part of Bank exams. Study our Banking Awareness topics to excel in Bank exams. Subsidiaries of RBI Subsidiaries of RBI What is a Subsidiary: A …
Banking Awareness: Monetary Policy Committee (MPC)
Monetary Policy Committee (MPC) In this post, we shall study about the Monetary Policy Committee of the Reserve Bank of India, its functions, purpose and various related concepts. Before understanding …
Why does RBI transfer its surplus to Central Government?
The Central Board of the Reserve Bank of India announced that it will transfer Rs. 99,122 crore as surplus to the Central Government for the accounting period of nine months …
Economic Survey 2020-21 – Highlights
Smt. Nirmala Sitharaman (The Union Minister for Finance & Corporate Affairs) presented the Economic Survey 2020-21 in the Parliament on January 29, 2021. Here in this post, we have presented …
Banking Awareness: Priority Sector Lending
Priority Sector Lending: Do you now about the Priority Sector Lending Scheme of RBI? What is Priority Sector? What is Priority Sector lending? What is Priority Sector Lending Certificate? If …
Banking Awareness: Non-Banking Financial Company (NBFC)
Non-Banking Financial Company (NBFC) In this post, we shall discuss Non-Banking Financial Company (NBFC) and how they are different from Banks. We shall discuss the most important points about NBFCs …
Banking Awareness: EXIM Bank (India)
Export-Import Bank of India (EXIM) Bank In this post, we shall study about EXIM Bank in India and its role. Introduction Export-Import Bank of India (EXIM) Bank was established in …
Banking and Financial Awareness: Mergers of Banks with Year
Mergers and Amalgamations of Banks: We have collected a list of mergers and acquisitions that have taken place in the banking industry and that are important from exam point of …
Banking Awareness: Credit Rating Agencies in India
Credit Rating Agencies in India In this post, we shall study Credit rating agencies and briefly about various credit rating agencies that are operating in India. Before starting the topic, …
Banking Awareness: Banks Board Bureau (BBB)
Banks Board Bureau(BBB) Banks Board Bureau (BBB) is an autonomous body established by the Government of India. It started functioning from April 01, 2016. Banks Board Bureau (BBB) is a …
Banking Awareness: Systemically Important Banks
Systemically Important Banks In easy language, Systemically Important Banks are those banks that are of high importance to a country and if such banks fail, it will have a major …
Long Term Repo Operations (LTROs) and TLTRO
Long Term Repo Operations (LTROs) and Targeted Long Term Repo Operations (TLTROs) is in the news after the Reserve Bank of India launched these instruments. In this post, we shall …
Banking Awareness: Know Your Customer (KYC) Guidelines
In this post, we will study about Know Your Customer (KYC) Guidelines. You must have heard this term in banks, where they ask you for KYC documents. Let’s study this …
Banking Awareness: Prevention of Money Laundering Act, 2002
Prevention of Money Laundering Act, 2002 Prevention of Money Laundering Act, 2002was enacted in the Parliament of India to prevent money-laundering. The PMLA 2002 defines the purpose of the act as: To …
Banking Awareness: Money Laundering
What is Money Laundering? Money laundering refers to the process/financial transactions that are carried out to conceal the source, identity and destination of illegally-obtained money. By hiding the details of …
Important Codes / Numbers Used in Banking System
Our Banking Industry uses various codes and numbers for the smooth functioning of the banking industry. Some examples are IFSC, MICR Codes and SWIFT Code. In this post, we will …
Banking Awareness: Helicopter Money
In this post, we will discuss the concepts of Helicopter Money and Quantitative easing(QE), and how the two concepts are different from one another. Introduction to Helicopter Money Definition: Helicopter …
Banking Awareness: Merchant Discount Rate (MDR)
Merchant Discount Rate (MDR) If a shopkeeper (referred to as a merchant) wants to accept payment using Debit/Credit Cards, he/she has to make arrangements Point of Sale (PoS) Machine. He …
Lead Bank Scheme
Introduction: Reserve Bank of India introduced the Lead Bank Scheme in December 1969. Objective of Lead Bank Scheme: The Lead Bank Scheme aims to serve the following two purpose: enhancing …