RBI issued circular about implementation of fraud risk management in banks
The RBI or Reserve Bank of India, which forms the central head of all the Public Sector banks in India and banking in India has announced that all banks should implement safety measures regarding the usage of debit and credit cards within the period of two years. This step has been taken by the bank [...]
Full Story »Topics that students usually find hard to solve
Now as the IBPS has conducted about 3 common entrance exams – One for each Clerical, PO and Specialist Officer Post, candidates are somewhat clear about the topics and the kind of questions they would face. But there is also an interesting strategy about the IBPS exams, which has come into light. In all the [...]
Full Story »Comparison of Market Capitalization – PSU Banks Vs Private Sector Banks
A recent survey has given out the shocking news that the Market Capitalization of 24 public sector banks is comparatively less than that of 15 private sector banks. The 24 public sector banks include those 19 banks that are participating in the IBPS Common bank recruitment process. When the market capitalization of these banks along [...]
Full Story »Commonly used Banking terms and their meanings
Payee This refers to the person a payment is made to. The term is often used in connection with cheques. The payee receives the cheque while the person or company who wrote the cheque is known as the payer. Payer This refers to the person making a payment. The term is used in connection with [...]
Full Story »Some more Banking terms
RBI This refers to the Reserve Bank of India. It is the central bank of the country, and was constituted under the RBI Act in 1934 to regulate the affairs of the other banks. It is charged with securing monetary stability in the country via the issue of bank notes and maintenance of reserves. Demand [...]
Full Story »What are the topics to be covered under Reasoning Section?
Many of our Facebook community members asked us doubts regarding the topics to be covered in reasoning sections for bank exams. After going through various exams conducted by various nationalized and private sector bank exams, we have brought you a list of topics that are to be covered in the reasoning section. Have a look [...]
Full Story »Banking News of the Day – 6th Dec 2011
Top news of the day 1) Aviation ministry okays 26% FDI in private airlines 2) Indian banks’ exposure to European banks limited 3) SBI Cards embarks on initiatives to create new standards 4) Won an online lottery? Inform nodal agencies immediately 5) Action Unlikely; Direction to Change 6) Positive changes to PO savings schemes 7) [...]
Full Story »Banking News of the Day – 5th Dec 2011
Top news of the day 1) Bankers see stable lending in near term 2) SBI expects Rs.3,000-4,000 crore capital infusion soon 3) India inches closer to crisis as rupee retreats 4) Noteworthy: Rs 500 minting up 17 fold in 10 yrs 5) Indian minister to open bank branch 6) Q&A: Mallikarjun Kharge, Union Minister of [...]
Full Story »Banking News of the Day – 4th Dec 2011
Top news of the day 1) Post office savings schemes continue to attract investors 2) Financial sector emerges largest wealth creator: Study 3) Slowing growth, growing pain 4) On Saying Yes to Children Kindly wait for the news material to load. Thanks for your patience. ZOOM in three times to get a clear view of [...]
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