PIONEER STUDY POINT

Many students got 10 CGPA . congratulations all

Pioneer Study Point 10th result 100%

Pioneer Study Point toppers %

Navya kapoor 97 %
Amity International school, vasundhara, Ghaziabad

Riya jain 95%
Vanasthali Public School
Vasundhara Ghaziabad

Oorja jain 94%
Vanasthali Public School
Vasundhara, Ghaziabad

subjects wise highest marks achieved by Pioneer Study Point students

Accountancy 98
Mathematics 85
B.st 97
Economics 95
English 95
Marketing 99

Fresh Batch of other classes also start from 20th April 2015

New batch of 12th Accountancy start from 18 April 2015

New batch of 11th Maths start from 8 April 2015

IBPS Specialist Officer 2015 CRPSPL-IV Notification Out
http://www.ibpsrecruitment.net/ibps-specialist-officer-2015…

IMPORTANT BANKING ABBREVIATIONS~~
1. NABARD - National Bank for Agricultural & Rural Development
2. RTGS - Real Time Gross Settlement 3. NEFT - National Electronic Fund Transfer
4. NAV - Net Asset Value
5. NPA - Non Performing Asset
6. ASBA - Account Supported by Blocked Amount
7. BIFR - Board for Industrial and Financial Reconstruction
8. CAMELS - Capital Adequacy, Asset Quality, Management Earnings, Liquidity, Systems & Controls
9. BCSBI - Banking Codes & Standard Board of India
10. BIS – Bank for International Settlement
11. BCBS – Basel Committee on Banking Supervision
12. BOP - Balance of Payment
13. BOT - Balance of Trade
14. BPLR – Benchmark Prime Lending Rate
15. CCIL – Clearing Corporation of India Ltd.
16. CIBIL - Credit Information Bureau of India Ltd.
17. CRISIL - Credit Rating Information Services of India Ltd.
18. CBLO - Collateralised Borrowing & Lending Obligation
19. CPI - Consumer Price Index
20. ADR – American Depository Receipts
21. GDR – Global Depository Receipts
22. ALM - Asset Liability Management
23. ARC – Asset Reconstruction Companies
24. FINO - Financial Inclusion Network Operation
25. CTT - Commodities Transaction Tax
26. CRM - Customer Relationship Management
27. KYC - Know Your Customer
28. SLR - Statutory Liquidity Ratio
29. CRR - Cash Reserve Ratio
30. MSF - Marginal Standing Facility
31. REPO - Repurchase Option
32. NBFC - Non Banking Finance Companies
33. OSMOS - Off-Site Monitoring & Surveillance
34. IFSC - Indian Financial System Code
35. BSE - Bombay Stock Exchange
36. NSE - National Stock Exchange
37. SWIFT - Society for Worldwide
Interbank Financial Tele communication
38. FSLRC – Financial Sector Legislative Reforms Commission
39. LAF – Liquidity Adjustment Facility
40. DRT – Debt Recovery Tribunals.

New Batch of Bank PO start from
1st dec, 201,Timing 9:30am to 11:30 am

·
IBPS CWE NOTE ON RBI AFFAIRS 2014
---------------------------------------------------------
1. RBI relaxes KYC norms for opening bank accounts.
i. RBI has asked banks to allow self-certified copy of the document by mail, or post for opening an account.
ii. Banks have also been asked not to seek fresh documents, if a KYC compliant customer desires to open another account
in the bank.
iii. If the customers are unable to fulfill within a reasonable period of time, partial freezing may be introduced for KYC noncompliant
customers. This means that only credits would be allowed in such accounts, but debits would not be allowed.
The account holder would have the option to close the account and take back the money in the account.
About KYC – Know Your Customer is a term used for Customer Identification Process.
Objective: is to prevent banks being used, intentionally or unintentionally by criminal elements for money laundering.
KYC has two components – Identify and Address.
2. RBI proposed to separate Chairman and Managing Director (CMD) post of PSU banks
Note: i. The Reserve Bank of India (RBI) proposed to separate the post of Chairman and Managing Director (CMD) of
Public Sector Undertaking (PSU) banks.
ii. These proposals are a part of corporate governance reforms in PSU banks and are based on the recommendations of
various committees including the PJ Nayak Committee.
3. The Reserve Bank of India decided to fix the maximum age for Managing Directors and Chief Executive Officers in
private sector banks at 70.
Note: The RBI Move aligns retirement with the Companies Act 2013
ii. Minimum age to become Manager is 21 years.
iii. Maximum age for CEOs, whole-time directors is 70.
iv.The P J Nayak committee recommended a maximum age of 65 for private bank CEOs.
This GK Capsule has been prepared by Career Power Institute Delhi (Formerly Known as Bank Power). This
document consists of all important news and events of last few months which can come in IBPS PO IV Exam.
iii. The issue emerged when the board of Induslnd Bank cleared
the extension of tenure of Romesh Sobti by another three years.
Romesh Sobti is M.D. and CEO of Induslnd Bank.
iv. However, the RBI allowed only a year's extension. The move
triggered speculation that the RBI wanted to fix the retirement
age at 65.
4. RBI board approves essential changes, introduces COO post
as proposed by Raghuram Rajan:
Note: i. RBI governor create the post of Chief Operating Officer
(COO), an executive who’s likely to be made responsible for
executing the RBI’s reform agenda.
ii. Rajan proposed to bring all aspects of RBI under 5 functional
departments to be supervised by 4 Deputy Governors and a
COO.
iii. The position of COO is likely to be at the deputy governor
level.
iv. Nachiket Mor is seen as the most likely candidate for the post
of COO. Mor is a former executive director of ICICI Bank and also
chaired the RBI panel on financial inclusion.
5. CAD narrowed down to 1.7 per cent of GDP in Q1 of 2014-
15: RBI
Note: Current Account Deficit (CAD) of India narrowed down
sharply to 1.7 percent of Gross Domestic Product (GDP) in the
Quarter 1 (Q1) of the fiscal year 2014-15 as compared to 4.8
percent in the Q1 of 2013-14.
6. RBI issues amendments to Basel 3 norms:
Unveiling a slew of amendments in the implementation of the Basel 3 regulations, the RBI said that banks must have a
provision of Point of Non-Viability (PONV) for every non-equity instrument which, when triggered, would lead to a
conversion to common shares (of the bank) or a permanent write-off.
iii. The regulator has reduced the minimum tenor after which call options are permissible in perpetual debt instruments
from 10 to 5 years.
iv. The minimum maturity of Tier 2 debt instruments has also been reduced from 10 to 5 years.
Basel-III Norms: According to Basel Committee on Banking Supervision "Basel III is a comprehensive set of reform
measures, developed by the Basel Committee on Banking Supervision, to strengthen the regulation, supervision and risk
management of the banking sector".
Note: Basel III raises the minimum required capital levels for both Tier 1 capital to 7.0 percent and Common Equity Tier 1
(CET1) capital to 5.5 percent.
7. Reserve Bank of India reduced free usage of other bank automated teller machines (ATMs) to 3 per month from 5:
Frequent withdrawal of money from ATMs will become expensive from November, with the RBI imposing a limit of 3
transactions per month from ATMs of other banks and 5 from the same bank in six metropolitan cities.
Note: A customer will be required to pay a fee of up to Rs 20 for using Automated Teller Machines (ATMs) beyond the
permitted numbers of transactions in Delhi, Mumbai, Chennai, Bangalore, Kolkata and Hyderabad.
8. RBI issued two new categories of banks—Small and Payments which can improve financial inclusion.
Important Points:
i. The idea of small and payments banks was first proposed by the Nachiket Mor committee on financial inclusion.
ii. The minimum paid-up capital requirement of both small banks and payments banks is Rs. 100 crore.
iii. The payments bank will have to invest in government securities with a maturity of up to one year.
iv. Small banks will offer both deposits as well as loan products.
ii. Payments banks will be used only for transaction and deposits purposes. Unlike small banks, payments banks can’t
lend money to people.
iii. Payments Banks cannot set up subsidiaries to undertake NBFC business.
iv. Hence, payments banks will offer only a limited range of products such as acceptance of demand deposits and
remittance of funds.
v. Those eligible to set up a small bank include resident individuals with 10 years of experience in banking and
finance, companies and societies, NBFCs, microfinance institutions and local area banks.
v. Of the minimum capital, the guidelines said, the promoters' initial minimum contribution will be at least 40 per cent, to
be locked in for a period of 5 years.
9. RBI issues guidelines for NBFCs on lending against shares.
Note: According to the guidelines applicable to NBFCs with asset size of Rs. 100 crore and above, the NBFCs have
to maintain a loan-to-value (of shares pledged) of 50 per cent and accept only Group 1 securities as collateral for
loans of a value more than Rs. 5 lakh.
10. RBI notified the increase in deposit money under Public Provident Fund, PPF to 1.5 lakh rupees from 1 lakh rupees.
11. The Reserve Bank of India (RBI) issued draft guidelines for implementation of Bharat Bill Payment System (BPPS),
an 'anytime anywhere' bill payment system:
The G. Padmanabhan Committee was formed by RBI to study the Feasibility of Implementation of GIRO-based Payment
Systems anticipated that around 30800 million bills amounting to more than 600000 crore rupees are paid each year in 20
Indian cities.
Note: i. Bharat Bill Payment System is intended for the implementation of a unified bill payment system across the
country.
This integrated bill payment system will comprise of two
entities:
i. Entity operating at Bharat Bill Payment System (BBPS) will
be setting up the standards related to payments, clearance and
settlement process
ii. Second entity would be Bharat Bill Payment Operating Units
(BBPOUs). It will be carrying out the operations in adherence to the standards fixed by BBPS.
iii. Authorised entities such as agents, banks, service providers, payment gateways would be the participants at the Bharat
Bill Payment System.
12. RBI tightened the Norms for asset reconstruction companies (ARC) to improve discipline and bring about
transparency in the sale and purchase of bad loans.
Note: Now, asset reconstruction companies (ARCs) will have to pay upfront 15 per cent of the bid value of nonperforming
loans, against five per cent earlier.
ii. RBI said ARCs would get up to six months to plan recoveries from the non-performing assets acquired. Currently, ARCs
get about a year for this.
13. The Reserve Bank of India has inked a memorandum of understanding (MoU) with the Monetary Authority of Hong Kong
for exchange of supervisory information.
14. RBI permits NBFCs to work as Business Correspondents of banks: With a view to achieve financial inclusion, the
Reserve Bank of India has allowed Non-Banking Finance Companies to operate as Business Correspondents (BCs) of
banks, permitting them to offer limited services. Banks will be allowed to work with non-deposit taking NBFCs as BCs.
Note: The RBI took into account recommendations of Nachiket Mor Committee while reviewing the existing guidelines
on the appointment of BCs
15. The Reserve Bank of India said banks should make all new ATMs installed from July 1, 2014 as “talking ATMs” with
Braille keypads.
16. Raghuram Rajan, the Governor of the Reserve Bank of India (RBI) announced that plastic currency notes will be launched
in 2015 after field trials.
17. RBI panel headed by ex-Chairman of Axis Bank, P. J. Nayak recommend for diluting govt stake in public sector banks to
below 50 %. The government should cut its holding in public sector banks to under 50 per cent.
18. Reserve Bank of India granted banking licences to infrastructure financing firm IDFC and microfinance institution
Bandhan
Note: The in-principle approval will be valid for a period of 18 months during which the applicants have to comply with
the requirements under the guidelines and fulfil the other conditions as may be stipulated by the RBI.
Chandra Shekhar Ghosh: CMD of Bandhan financial services
Dr. Rajiv B. Lall: Chairman of IDFC – Infrastructure Finance Company.
19. Reserve Bank of India (RBI) issued the guidelines to allow the minors of age above 10 years to independently open and
operate savings bank accounts and use other facilities like ATM and cheque books.
20. RBI extended the timeline for full implementation of Basel III norms 31 March 2019 instead of 31 March 2018.

Established year of Bank's in India:
=====================================
1786 - General Bank of India. This was the first bank
established in India.
1790 - Bank Of Hindustan which lasted until. 1832.
1839 - Union Bank
Establishment of Three Presidency Banks
1) 02 June 1806 - Bank of Calcutta
2) 15th April 1840 - Bank of Bombay
3) 01st July 1843 - Bank of Madras
Year Of Formation Of Other Public & Private Sector Banks
1863 - Bank of Upper India
1865 - Allahabad Bank
1881 - Oudh Commercial Bank
19th May 1894 - Punjab National Bank
1895 - Punjab National Bank In Lahore
1904 - City Union Bank
1906 - Bank of India
12 March 1906 - Corporation Bank
15th August 1907 - Indian Bank
1908 - Bank of Baroda
01st July 1906 - Canara Hindu Permanent Fund
(Rechristened to Canara Bank in 1910)
21st December 1911 - Central Bank of India
1916 - Karur Vysya Bank
11 November 1919 - Union Bank of India
26th November 1920 - Catholic Syrian Bank
1921 - Imperial Bank of India. Three presidency banks
were merged in 1921 and evolution of this bank took place
11th May 1921 - Tamilnad Mercantile Bank Limited
1923 - Andhra Bank
1924 - Karnataka Bank Limited
1925 - Syndicate Bank
1926 - Lakshmi Vilas Bank Limited
1927 - Dhanlaxmi Bank Ltd
1929 - South Indian Bank Limited
23rd October, 1931 - Vijaya Bank
1934 - Reserve Bank of India
16th Sept 1935 - Bank of Maharashtra
1937 - Indian Overseas Bank
1938 - Jammu & Kashmir Bank
26th May 1938 - Dena Bank
19th February 1943 - Oriental Bank of Commerce
1943 - UCO Bank
1943 - United Bank of India
1945 - Federal Bank Limited
1954 - Nainital Bank Limited
1955 - State Bank of India (Post independence, Imperial
Bank became State Bank of India)
1985 - Kotak Mahindra Bank
1994 - UTI Bank (Now Axis Bank)
August 1994 - HDFC Bank
1996 - ICICI Bank
2003 - Yes Bank
2013-Bhartiya Mahilla Bank
2014-IDFC
2014- Bandhan Finacial services