IMPORTANT BANKING TOPICS FOR SBI CLERK & PO – 2018

Why to study banking?

A banking and finance qualification can take you anywhere. Perhaps you’ll enjoy a challenging and vibrant career with the world’s biggest businesses, or achieve stellar academic success.

As in the exam point of view banking awareness plays an important role in all of our examination,one needs to focus in banking section to score high marks in the mains examination.Here is the tree to study banking awareness section.

STRUCTURE OF BANK

• What is Banking?Activities of banking
• Co-operative Banks,Commercial Banks and RRBs
• Nationalization of banks-First Nationalized bank Central bank of India-1969
• Banking Regulation Act 1949
• Development banks (SIDBI,IFCI,NHB,NABARD,EXIM bank)
• ECGC
• Evolution of Banks- IBI,SBI,SBI Associates-Merger
• Capitals-Banks-Headquarters-Main Functions-Act-Owned

TYPES OF ACCOUNTS

• KYC norms,Procedure-opening accounts for illiterate and blind persons
• NRI : Define-Two major heads in NRI-NRE,FCNR(B) ACCOUNT,NRO and EEFC account
• Demand and Time Deposits-CASA and Time deposits (FD,Bulk deposit)
• Applicability of income tax rules in Banks – TDS, “ Form 15-G,15-H,Payment of third party cheque
• Types of saving deposit schemes(PPF,SSY,NSC,KVP,SCSS)

         (Note : Minimum and maximum age must be explained,Deposit limit,Amount limit)

• Difference between PIO and OCI
• Difference between NRE and NRO account
• NOSTRO ACC and VOSTRO ACC

RESERVE BANK OF INDIA

• Rbi Functions-History-RBI subsidiaries(DICGC,BRBNMPL,NHB,NABARD)
• RBI act-1934, Important sections(section 17,18,22,24,42)
• Priority sector lending(ANBC,MFI,SHG,MSME,lead bank,Kissan credit card..)
• Banking Ombudsman and internal ombudsman
• Difference between FERA Act and FEMA Act
• Foreign exchange management act 1999
• NBFC

PAYMENT SYSTEMS

• Define-Cheques,types of Cheques,Clearing of Cheques,MICR clearing.
• RTGS , NEFT ,IFS CODE,MICR CODE,SWIFT CODE
• Difference between cheque and DD
• ATM and Types of ATM
• Plastic Money- Point of Sales in outlets – operations-Explain Master,Visa,Maestro etc.
• NPCI function and features
• NPCI PRODUCT and SERVICES(NFS,UPI,IMPS,*99#,NACH,CTS<AEPS,RUPAY CARD,APBS,BBPS)
• CTS-Explain its operations,benefits etc,technical aspects etc.,
• Introduction of RUPAY Card-purpose-Advantages of RUPAY over other international cards

BANKING TERMINOLOGIES AND RBI MONETARY POLICY

• IMPORTANT ABBREVATIONS AND TERMINALOGIES
• Eg: Arbitrage,CDR,Cross selling,CDS,Factoring,Base rate,Crowd funding,Dematerialization,Etc..
• Repo,Reverse repo,CRR,SLR,MSF,Bank rate
• What is the impact of Repo & reverse repo increase or decrease
• How does a CRR Hike help in Lowering Inflation
• Net Demand time liabilities
• The main objectives for maintaing the SLR ratio

FINANCIAL INCLUSION & BASEL NORMS

• Financial Inclusion-No Frill accounts, BSBDA-SMALL ACCOUNT,SWABHIMAN,Business Correspondents
• Payment and Small bank
• PMJDY- Scheme details,DBT
• International financial institutions(World bank,AIIB,NDB,IMF)
• Basel Committee for banking supervision(BCBS)
• Bank for International Settlements(BIS,Basel 1,2,3)
• Types of risk,capital adequacy ratio
• currency chest
• Schemes:

            Pradhan Mantri Suraksh Bhima Yojana

            Bhima Mantri Jeevan Jyothi Yojana

            Atal Pension Scheme etc.

            Pradhan Manthiri Mudra Yojana , etc..

             Note: Upper and lower age limit,Upper and lower amount limit,Coverage value

TYPES OF VARIOUS ADVANCE/LOAN ACCOUNTS

• International rating Agencies (Standard and Poor , Moody’s , Fitch ratings)
• Note : HQ and Main functions
• Indian rating Agencies (CRISIL,ICRA,CARE,ONICRA,SMERA,FITCH INDIA LTD)
• Note: Regulatory body,HQ,Promoted by and functions
• Maegin on loans and its implications
• Applicability of CIBIL on Banks
• TYPES OF LOAN ACCOUNTS:
• Demand loan,Overdraft,Term loan,Cash credit-explain various features.
• NPA – Types of NPA,DEBT Recovery Tribunal,DRAT,SARFAESI ACT,Asset
• reconstruction company
• EMI,DRI Advances?

MONEY MARKET AND CAPITAL MARKET

• Commercial paper,treatury bills,Certificate of deposit
• Cash Management Bills-FIMMDA-Call Money-Notice Money-Term Money
• Primary Market and Secondary market,External Commercial Borrowing,FDI,FII,QFI,External Commercial Borrowing,American Depositary Receipt,Indian Depositary Receipt,Securities Exchange board of India
• NSDL,CDSL,ASBA

Aspirants can use the below attached videos to know some of the banking abbreviations,banking terms and important current banking awareness questions.

Other important Links

IMPORTANT BANKING AWARENESS – YOJANAS & SCHEMES (2018) QUESTIONS : SET 9

IMPORTANT BANKING AWARENESS QUESTIONS : SET 8

SBI PO & CLERK – Preliminary Exam – Previous Year Cutoff Marks