Sunday, July 24, 2016

How can I know everything about banking in India?

Common written examinations are conducted by IBPS for recruitment as officers and clerks in public sector banks in the country.

The examinations are conducted in two stages

The preliminary examination consists of the following subjects namely:
- General English
- Quantitative aptitude
- Reasoning ability

Those who score the minimum cut off marks are eligible to appear for the final examination which consists of the following subjects
- General English
- Quantitative aptitude
- Reasoning ability
- General awareness with special reference to Banking
- Computer awareness

You have to select appropriate books available from the market and understand the information.

Banking awareness published by consists of the details in regard to banking required for the examinations conducted for recruitment of officers and clerks in banks.
- It consists of bullet points in regard to various topics related to banking covered in more than 100 pages.
- This apart, there are mock test papers consisting of 1000 questions exclusively on banking along with answers and the candidate can do the practice test and check up with the answers.
- The following are the topics covered in the book
- Candidates who are willing to get the training kit can write to the following email id: - A. Gauri Sankar

- You can also get some information from the following blogs and website:
- www.

Recommended topics for discussion

01.Indian financial system – banks, capital markets and insurance markets
02.Structure of banking system – scheduled commercial banks and non scheduled commercial banks
03.Role and functions of the central banker – Reserve Bank of India
04.Types of banks in the country – commercial banks, development banks, housing development banks, industrial development banks, export and import banks etc.,
05.State Bank of India and its subsidiaries
06.Nationalised banks in the country – stage : I, II and III
07.Old private sector banks and new private sector banks
08.Foreign banks in the country
09.Regional Rural Banks
10.Local area banks
11.Deposit schemes available in the banks – demand deposits and term deposits
12.Demand deposits – savings bank and current account
13.Term deposits – Fixed deposit, reinvestment deposit and recurring deposit
14.Non resident Indians, Persons of Indian origin
15.Various types of non resident deposits – NRE. NRO, FCNR and RFC
16.Types of various foreign inward remittances
17.Know Your Customer guidelines
18.Various risk categories of customers – Low risk, Medium risk and High risk
19.Negotiable instruments act – Negotiable, non negotiable and semi negotiable
20.Cheques – Parties to a cheque – Types of cheques – Crossing of cheques – MICR code, IFSC code – Reasons for return of cheques
21.Demand draft – Parties to a demand draft – Returning of demand drafts
22.Bills of exchange – Promissory note
23.Types of customers – individuals, joint accounts, proprietorship accounts, partnership accounts, companies, trusts, minors, associations, charitable institutions, clubs, societies etc.,
24.Types of currencies and authorities for issue of currencies in the country
25.Electronic banking – internet banking – mobile banking – automated teller machines – debit card – credit card – RTGS – NEFT
26.Terms in banks – Nostro, Vostro, Loro, Repo, Reverse Repo, Bank rate, Base rate, CRR, SLR, Marginal standing facility
27.Types of risks – Credit risk, liquidity risk, market risk, interest rate risk
28.Various terms associated with banking: Pay in slip; Remittance slip; Bouncing, teller counter, PIN number, Clearing centre, WILL, Legal heirs, Nomination, Claim, Executor, Administrator, Garnishee order, Income tax attachment order, Introduction, standing instruction, Personalised cheque book, Phishing, Point of sales, Merchant establishment, General Lien, Holder, Interest warrant, dividend warrant, material alteration, negotiation, plastic money, notary public, safe custody article, safe deposit locker, factoring, forefeiting
29.Priority sector lending, weaker sections, Direct agriculture, indirect agriculture, Culture in agriculture, revolution in agriculture, Marginal farmer, small farmer, agriculture labourer,
30.Forex – Authorised persons – Notional rate,  IE code, DGFT, OPL, Consortium financing, Basel II norms – CAMELS, Cash transaction reports, Balance sheet, Off balance sheet items, Term loan, short term loan, medium term loan and long term loan

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