Banking Awareness – Important Facts related to Banking

Banking Awareness - Important Facts related to Banking

Banking Awareness – Important Facts related to Banking

Online banking classes : There are some important facts related to banking that we are discussing here and are important from IBPS / SBI exams point of view. So let’s discuss some of them in this blog:

  • Telecom Regulatory Authority of India (TRAI) is headquartered in New Delhi.
  • Banking Ombudsman (BO) Scheme was introduced by RBI.
  • White Label ATMs operators are authorized under the Payment and Settlement Systems Act, 2007.
  • Foreign Exchange Management Act (FEMA) came into force in
  • The Reserve Bank of India (RBI) was nationalized in 1949.

 

  • SARFAESI Act, 2002 deals with Non-Performing Assets (NPA).
  • Maximum limit of PSL in Small Finance Banks is 75%.
  • Union Bank of India was inaugurated by Mahatma Gandhi.
  • Hilton Young Committee recommended the establishment of the Central bank of India e. RBI
  • State Bank of India is headquartered in Mumbai.

 

  • Rand is the currency of South Africa.
  • Shares and securities are stored in Demat Account.
  • MUDRA scheme was launched on 8-Apr-2015.
  • PSL stands for Priority Sector Lending.
  • CIBIL maintains the borrower’s record in India.

 

  • World Press Freedom Day is observed on 3rd
  • A bank account will be treated as dormant/inoperative if no transactions are made in the last 2 years.
  • Punjab National Bank has it’s headquarter situated in New Delhi.
  • Credit rating agencies in India are regulated by
  • The maximum permissible amount that can be transferred to Nepal under Indo-Nepal Remittance Facility is 50,000.

 

  • Betla National Park is situated in
  • ‘LAF’ stands for Liquidity Adjustment Facility.
  • Indian Banks Association (IBA) was formed in
  • Mohammad Mustafa is the present chairman of SIDBI.
  • Urjit Patel is the present and 24th governor of RBI.

 

  • NACH stands for National Automated Clearing House.
  • MMID is a 7 digit unique number issued by the bank upon registration.
  • Subhash Chandra Khuntia is the present Chairman of IRDAI.
  • Sukanya Samriddhi Account can be opened up to the age of Ten years.
  • Finance Secretary Signature is found on a 1 rupee note in India.

 

  • Cheque Truncation System (CTS) came into existence in
  • RBI issue directives to all the banks under the Banking Regulation Act, 1949.
  • Bombay Stock Exchange is Asia’s first Stock Exchange.
  • KYC stands for Know Your Customer.
  • IFSC code is an alpha-numeric code consists of 11 digits.

 

RRB online coaching : Takshila Learning offers to its students online coaching classes for IBPS/SBI.

We provide :                 

  • Online coaching for Bank PO / Clerk exams.
  • Online speed test
  • Complete study material.
  • Online mock test for bank exams with detailed analysis & explanation.
  • Faculty Support.
  • Job alerts and notifications.
  • Daily Updated Current Affairs

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August 29, 2019

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