TARGET IBPS PO PRELIMS 2019 – Banking Awareness Day 3

Dear Bankersdaily Aspirants,

IBPS PO Prelims Exam 2019 is near and as promised , we are here with the Day 2 Questions for the IBPS PO Prelims Exam 2019 – Study Planner.

Follow the planner regularly and enhance your preparation skills for the IBPS PO Prelims Exam 2019.

Aspirants who are following this fresh can check the Detailed Study Planner for the IBPS PO Prelims Exam 2019 from the link that is mentioned below.

TARGET IBPS PO Prelims 2019 – Study Planner

The Questions for the Study Planner will be uploaded in Bankersdaily.in at the predefined time. Aspirants can attend the same from the links that are mentioned below.

IBPS PO Prelims 2019 – Study Planner Day 3 – Banking Awareness

• Section : Banking Awareness
• Topic : Banking Awareness
• Time: 20 Minutes
• Questions : 30 Questions
• Level : Easy – Moderate

STRUCTURE OF BANKS

SCHEDULED BANKS

Scheduled Banks in India refer to those banks which have been included in the Second Schedule of Reserve Bank of India Act, 1934. RBI in turn includes only those banks in this Schedule which satisfy the criteria laid down vide section 42(6) (a) of the said Act. Banks not under this Schedule are called Non-Scheduled Banks.

Every Scheduled bank enjoys two types of principal facilities: it becomes eligible for debts/loans at the bank rate from the RBI; and, it automatically acquires the membership of clearing house.

Classification:

The Scheduled banks comprise Scheduled Commercial Banks and Scheduled Co-operative banks. The further classification is as follows:

• Scheduled Commercial banks
• Public Sector Banks

Ø State Bank of India and its associates, and

Ø Other Nationalized banks

• Private Sector Indian Banks
• Private-sector Foreign banks
• Regional Rural Bank (RRBs)
• Scheduled Co-operative banks

Ø Scheduled State Co-operative Banks

Ø Scheduled Urban Co-operative Banks

Scheduled Commercial Bank:

The scheduled commercial banks are those banks which are included in the second schedule of RBI Act 1934 and which carry out the normal business of banking such as accepting deposits, giving out loans and other banking services. The major difference between Scheduled Commercial Banks and Scheduled Cooperative Banks is their holding pattern, since cooperatives are registered under the Cooperative Societies Act as cooperative credit institutions.

Previously, there are 27 Public Sector Banks in India including SBI (plus its 5 associates) and 19 nationalized banks. Further, there are two banks which have been categorized by RBI as “Other Public-Sector Banks”. IDBI and Bhartiya Mahila Bank come under this category.

But now, there are 20 Public Sector Banks in India, SBI has merged its Associates Bank & Bhartiya Mahila Bank and 19 Nationalized Banks. And IDBI Bank has been categorized by RBI as “Private Sector Bank” (From April, 2019).

Public Sectors Banks in India

Private Sectors Banks in India

Difference Between Scheduled Commercial Bank and Non-Scheduled Commercial Bank

Regional Rural Banks (RRBs)

The First Established Regional Rural Bank among all RRBs in India was the Prathama Bank, which was established in 1975. With The authorized capital of Rs. 5 crore. Under the Recommendations of Narshimham Committee RRBs was formed. Initially the authorized capital for RRBs in India was Rs. 100 crore ($10 Million) which later augmented to 500 crore ($50 million).

Regional Rural Banks (RRBs) are scheduled commercial banks (Government banks) operating at regional level in different States of India. They have been created with a view to serve primarily the rural areas of India with basic banking and financial services. However, RRBs may have branches set up for urban operations and their area of operation may include urban areas too.

The area of operation of RRBs is limited to the area as notified by Government of India covering one or more districts in the State. RRBs also perform a variety of different functions.

The Regional Rural Banks were owned by the Central Government, the State Government and the Sponsor Bank (Any commercial bank can sponsor the regional rural banks) who held shares in the ratios as follows Central Government – 50%, State Government – 15% and Sponsor Banks – 35%.

Indian had 56 Regional Rural Banks in which Uttar Pradesh has highest number of RRBs.

RRBs perform various functions:

Ø Providing banking facilities to rural and semi-urban areas.

Ø Carrying out government operations like disbursement of wages of MGNREGA workers, distribution of pensions etc.

Ø Providing Para-Banking facilities like locker facilities, debit and credit cards.

Ø Small financial banks.

Scheduled Co-operative Banks:

It is a retail and commercial banking organized on a cooperative basis.

Ø Primary Cooperative Credit Society – Association of borrowers and non-borrowers. Funds of society are derived from members.

Ø District Central Cooperative Bank – Functions at District level only.

Ø State Cooperative Bank – Apex Body is the State Govt.

Ø Land Development Bank – Long term loans to farmers. No deposits from public.

Ø Urban Cooperative Bank –Banking Activities at State level.

Aspirants can download the Banking Awareness – TARGET IBPS PO Planner 2019 – Bankersdaily from the link that is provided below. 

Download – Banking Awareness – Day 3 – PDF 

Aspirants who are following this fresh can check the Detailed Study Planner for the IBPS PO Prelims Exam 2019 from the link that is mentioned below. 

TARGET IBPS PO Prelims 2019 – Study Planner