Some of the Committees & their Functions

1.Abid Hussain Committee--On Small Scale Industries

2.Aditya Puri CommitteeReforms Relating --To Non Banking Financial Companies (NFBC)

3.Anil Kaushal committee--To examine the recommendations made by the TRAI ---on pricing of Spectrum.

4.Arvind Mayaram Panel--Report on the alleged irregularities at the National Spot Exchange Ltd (NSEL)

5.Arvind Mayaram CommitteeTo give clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII)

6.Athreya Committee--Restructuring Of IDBI

7.Basel Committee--For the Banking Supervision

Books & Their Authors

1. Transcendence: My Spiritual Experiences with Pramukh Swamiji written by Abdul Kalam.
2. The Kumbh Mela: Mapping the Ephemeral Megacity authored by Tarun Khanna released by Akhilesh yadav
3. The Vice President of India Shri M. Hamid Ansari released a book entitled Locale, Everyday Islam and Modernity authored by Shri M. Raisur Rahman.
4. Green Signals: Ecology, Growth, and Democracy in India written by Jairam Ramesh.
5. Anuradha Roy‘s 'Sleeping on Jupiter' shortlisted for Man Booker Prize.
6. R.D. Burman: The Prince of Music written by Khagesh Dev Burman
7. Igniting minds: Kalam‘s books fly off the shelves
8. Book titled Transcendence: My Spiritual Experiences with Pramukh Swamiji authored by former President Dr APJ Abdul Kalam and Arun Tiwari was released.
9. Book titled Dealing with China: An Insider Unmasks the New Economic Superpower authored by Henry M. Paulson was released.
10. The book Beyond Doubt: A Dossier on Gandhi's Assassination was compiled and introduced by Indian civil rights activist Teesta Setalvad and published by Tulika Books.

LIST OF WORLD COUNTRIES & THEIR CAPITAL

A
Afghanistan - Kabul
Albania - Tirana
Algeria - Algiers
Andorra - Andorra la Vella
Angola - Luanda
Antigua & Barbuda - Saint John's
Argentina - Buenos Aires
Armenia - Yerevan
Australia - Canberra
Austria - Vienna
Azerbaijan - Baku

Important Currencies

A
Afghanistan -- Afghan Afghani
Argentina -- Peso
Australia --- Dollar
Austria ---European euro

B
Bangladesh--- Taka
Bhutan ---- Ngultrum
Brazil --- Real

International Terrorism Group

1.BOKO HARAM:
A militant Islamist group in Nigeria, this group is known to receive funding from Al-Qaeda.Boko Haram had recently been in the news for the abduction of around 200 Nigerian girls.

2.ISIS:
The Islamic State of Iraq and Syria is a Sunni jihadist group based in the Middle-East. With an aspiration to mobilize the majority of the Muslim population under its control, the ISIS has their stronghold in Iraq, Syria, Palestine, etc.

Agricultural Seasons in India

1. The Kharif Season:
Crops are sown at the beginning of south-west monsoon and harvested at the end of the south-west monsoon.
Sowing Season: May to July.
Harvesting Season : September to October.
Important Crops: Jowar, Bajra, Rice, Maize, Cotton, Groundnut, Jute, Hemp, Tobacco etc.

CODES USED IN BANKING

[1] IFSC (Indian Financial System Code):
Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system.
This is an 11 digit code with the first 4 alpha characters representing the bank, The 5th character is 0 (zero).and the last 6 characters representing the bank branch. For ex: PNBN0014976 :
 i. First 4 character PNBN – refers to Punjab National Bank.
ii. 0 is a control number.
iii. last six characters (014976) represents the PNB branch kurshi Road, Lucknow.

Important Days

1. 12th January- National Youth day (Birthday of Vivekananda).
2. 15th January- Army day.
3. 24th Jan- National Girl Child Day.
4. 25th January- National tourism day/ Voters day
5. 30th January- National Martyrs day & World anti Leprosy Day
6. 4th Feb- World Cancer Day.

Important Organizations:

1. United Nation (UN) – is an intergovernmental organization established on 24 October 1945 to promote international co-operation.
Headquarter – New York , Head – Ban ki-moon Member - South Sudan new member country . Total– 193 members

2. WTO (World Trade Org.) –Yemen new member country. Total – 160 members.
Headquarter – Geneva, Switzerland, Head - Roberto Azevêdo

Stock Exchanges and their Index:

1. BSE (Bombay Stock Exchange) - SENSEX ( Sensitive Index)
- BSE is oldest stock exchange in Asia located at Dalal Street in Mumbai
- Sensex Consists of 30 companies
2. NSE (National Stock Exchange) - Nifty-50
-NSE is the largest stock exchange in India
-Nifty consists of 50 companies

Lines b/w Different Countries in the World

1. Durand Line: Pakistan and Afghanistan
2. Mc. Mohan Line: India(Arunachal Pradesh Region) and China
3. Radcliff Line: India and Pakistan
4. Line of Control :It divides Kashmir between India and Pakistan.
5. Hidden berg Line: Germany and Poland
6. Maginot Line: France and Germany

Dances in India

Folk dances in India
_ Changu: Odissa and Andhra Pradesh
_ Gair: Rajasthan.
_ Garba, Dandiya Rass: Gujarat
_ Ghoomar: Rajasthan.
_ Karagam: Tamil Nadu.
_ Dumhal: Kashmir.
_ Lavani: Maharashtra

Dams in India:

_ Tehri Dam: on Bhagirathi River, Uttarakhand
_ Lakhwar Dam on Yamuna river, Uttrakhand
_ Iduuki Arch Dam – on Periyar river, Kerala
_ Koyna Dam – on Koyana river, Maharshtra
_ Bhakra nangal Dam: on Sutlej River, Punjab and Himachal Pradesh.
_ Sardar Sarovar Dam: on Narmada River, Gujarat
_ Srisailam dam: on Narmada River, Andhra Pradesh

Nuclear power plants in India:

• Narora atomic power plant - Narora, UP
• Rajasthan atomic power plant: Rawatbhatta, Rajasthan
(India & Candada)
• Tarapur atomic power plant – Maharashtra (India & US)
• Kakarpar atomic power plant - Gujarat
• Madras atomic power plant - Tamilnadu
• Kaiga atomic power plant - Karnataka
• Kundankullam : in Tirunelveli district, Tamil Nadu (India
& Russia)

Thermal Power plants (TPS) in India:

 Mundra TPS, Kutch, Gujarat
 Vindhyachal TPS, Singrauli, Madhya Pradesh
 Talcher Super TPS, Angul, Odisha
 Sipat TPS, Bilaspur , Chhattisgarh
 Korba Super TPS, Chattisgarh

Important Wildlife Sanctuary Park:

1. Gir National Park is situated in Gujarat
2. Sariska is situated in Alwar, Rajasthan
3. Ghana Bird Sanctuary is situated in Rajasthan
4. Darraha Wildlife Sanctuary is situated in Rajasthan
5. Mt. Abu Wildlife Sanctuary is situated in Rajasthan
6. Ranthambore Wildlife Sanctuary is situated in Rajasthan
7. Hazaribagh Wildlife Sanctuary is situated in Hazaribag, Jarkhand
8. Mudhumalai Wildlife Sanctuary is situated in Nilgiris, Tamil Nadu
9. Periyar Wildlife Sanctuary is situated in Idukki, Kottayam, Kerala

Revolutions in the field of agriculture in India:

· Black Revolution - Petroleum Production

· Blue Revolution - Fish Production

· Brown Revolution - Leather/non conventional (India)/Cocoa production

· Golden Fiber Revolution - Jute Production

· Golden Revolution - Fruits/Overall Horticulture development/Honey Production

FDI Limits in different sectors:

Defence - 49

Pension - 49

Insurance -  49

Print Media -  26

International Organizations Headquarters

UNO (United Nations Org)                                                                                   New York

UNICEF                                                                                                               New York

UNCTAD (United Nations Conference on Trade & Development)                      Geneva

WHO (World Health Org)                                                                                     Geneva

ILO (International Labour Org)                                                                            Geneva

WMO (World Meteorological Org) Geneva World Intellectual Property Org     Geneva

International Standards Org.                                                                                  Geneva

IMF (International Monetary Fund)                                                                      Washington DC

BANKING ABBREVIATIONS

1. PSBs: PUBLIC SECTOR BANKS
2. SNBCs: SCHEDULE NON COMMERCIAL BANKS
3. SENSEX: SENSITIVE INDEX OF STOCK EXCHANGE
4. GNP: GROSS NATIONAL PRODUCT
5. KYC: KNOW YOUR CUSTOMER
6. RTGS: REAL TIME GROSS SETTLEMENT
7. NEFT: NATIONAL ELECTRONIC MONEY TRANSFER
8. EFT: ELECTRONIC FUND TRANSFER
9. CBS: CORE BANKING SOLUTIONS
10. LIBOR: LONDON INTERBANK OFFERED RATE
11. MIBOR: MUMBAI INTERBANK OFFERED RATE
12. MIBID: MUMBAI INTERBANK BID RATE
13. SARFAESI: SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST
14. CAMELS: CAPITAL ADEQUECY RATIO, ASSET QUALITY, MANAGEMENT OF EFFECTIVENESS, EARNING OF PROFITABILITY, LIQUIDITY, SYSTEM AND CONTROLS
15. CAR: CAPITAL ADEQUECY RATIO

India ranking in different Indexes:

1. India ranks 119 on 2015 FM Global Resilience Index.
2. India ranked 143rd in Global Peace Index.
3. India is home to the highest number of hungry people in the world, at 194 million, surpassing China, according to United Nations annual hunger report.
4. India‘s consumer confidence score rose to 130 followed by Indonesia (123) and Philippines (115).
5. India has emerged as the second-most trusted country in the world in terms of faith reposed on its institutions. The list is topped by UAE with 84 per cent trust.
6. Transparency International India (TII) – Corruption Index – India ranked 85th among 175(Denmark topped)
7. World Bank - Ease of Doing Business" report - India ranked 142 among the 189 countries (Singapore top)
8. World Economic Forum's 2015 Gender gap index – 114 (Iceland top the list followed by Finland & Norway)
9. Global Hunger Index Report 2014: 55 (Mauritius top followed by Thailand and Albania)
10. Human Development Index 2014 – 135 (Norway top followed by Australia).

Taglines of Banks

1. Allahabad Bank - A Tradition of Trust

2. Andhra Bank – Where India Banks 

3. Bank of Baroda - India‘s International Bank 

4. Bank of India - Relationship beyond banking 

5. Bhartiya Mahila Bank – Empowering Women

6. Bank of Maharashtra - One family one bank 

7. Canara Bank – Together We Can 

8. Central Bank of India – ―Central To you Since 1911 

9. Corporation Bank – A Premier Public Sector Bank 

10. Dena Bank - Trusted Family Bank 

11. ECGC Bank – You focus on exports. We cover the risks 

12. IDBI Bank – Banking For All, ―Aao Sochein Bada 

13. Indian Bank – Your Tech- Friendly Bank 

14. Indian Overseas Bank – Good people to grow with 

15. Punjab National Bank - The name you can bank upon 

16. Punjab & Sind Bank – Where service is a way of life 

17. Oriental Bank of Commerce – Where every individual is committed 

18. UCO Bank – Honours Your Trust 

19. Union Bank of India – Good People to Bank with 

Headquarters of NATIONALIZED BANKS

 Allahabad Bank                                  Kolkata
 Bank of India                                      Mumbai
 Bank of Maharashtra                          Pune
 Canara Bank                                       Bangalore
 Central Bank of India                         Mumbai
 Corporation Bank                               Mangalore
 Dena Bank                                          Mumbai
 Indian Bank                                        Chennai
 Indian Overseas Bank                        Chennai
 Oriental Bank of Commerce              New Delhi
 Punjab National Bank                        New Delhi
 Punjab & Sind Bank                          New Delhi
 State Bank of India                            Mumbai
 Syndicate Bank                                  Manipal
 UCO Bank                                         Kolkata
 Union Bank of India                          Mumbai
 United Bank of India                         Kolkata
 Vijaya Bank                                       Bangalore

FINANCIAL MARKET

 Any marketplace where buyers and sellers participate in the trade of assets such as equities, bonds, currencies and derivatives. Financial markets are typically defined by having transparent pricing, basic regulations on trading, costs and fees and market forces determining the prices of securities that trade.

 MONEY MARKET 
"Money Market" refers to the market for short-term requirement and deployment of funds. Money market instruments are those instruments, which have a maturity period of less than one year.

 The most active part of the money market is the market for overnight call and term money between banks and institutions and repo transactions. Money Market is regulated by RBI.

Money Market can be further divided into 3 parts. These are:
a) Call Money Market
b) Term Money Market
c) Notice Money Market

The market to get funds for 1 day only is called as Call Money Market. The market to get funds for 2 days to 14 days is called as Notice Money Market. The market to get funds for 15 days to 1 year is called as Term Money Market.

Cheque

 It is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or to the order of certain person or to the bearer of instrument."

Types of Cheque 

1. Bearer Cheque or open Cheque
When the words "or bearer" appearing on the face of the cheque are not cancelled, the cheque is called a bearer cheque. The bearer cheque is payable to the person specified therein or to any other else who presents it to the bank for payment.

2. Order Cheque
When the word "bearer" appearing on the face of a cheque is cancelled and when in its place the word "or order" is written on the face of the cheque, the cheque is called an order cheque. Such a cheque is payable to the person specified therein as the payee, or to any one else to whom it is endorsed (transferred).

Types of Bank Accounts

 A bank account can be a time deposit account or a term deposit account or a no frill account ie BSBDA .

TYPES OF BANK ACCOUNTS 
a. Savings Bank Account
b. Current Deposit Account
c. Fixed Deposit Account
d. Recurring Deposit Account.

a. Savings Bank Account This type of account can be opened with a minimum initial deposit that varies from bank to bank. Money can be deposited any time in this account. Withdrawals can be made either by signing a withdrawal form or by issuing a cheque or by using ATM card. Normally banks put some restriction on the number of withdrawal from this account. Interest is allowed on the balance of deposit in the account. The rate of interest on savings bank account varies from bank to bank and also changes from time to time. Interest rate is paid to the account holders on daily balance basis.

RBI AND ITS ROLES

 RBI is the central Bank of India and controls the entire the entire money issue, circulation and control by its monetary policies and lending policies. RBI is also known as the lender of last resort.

Establishment: The reserve bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank of India was initially established in Calcutta but was permanently moved to Mumbai in 1937. Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India.

Main Functions
1) Monetary Authority: Formulate, implements and monitors the monetary policy.
2) Regulator and supervisor of the financial system: Prescribes broad parameters of banking operations within which the country‘s banking and financial system functions.
3) Manager of Foreign Exchange: Manages the Foreign Exchange Management Act, 1999.
4) Issuer of Currency: Issues and exchanges or destroys currency and coins not fit for circulations.
5) Development role: Performs a wide range of promotional functions to support national objectives.
6) Bankers to the Government: performs merchant banking function for the central and the state governments; also acts as their banker.
7) Bankers to banks: maintains banking accounts of all scheduled banks

BANKING TERMS

1) RBI – The Reserve Bank of India is the apex bank of the country, which was constituted under the RBI Act, 1934 to regulate the other banks, issue of bank notes and maintenance of reserves with a view to securing the monetary stability in India.

2) Demand Deposit – A Demand deposit is the one which can be withdrawn at any time, without any notice or penalty; e.g. money deposited in a checking account or savings account in a bank.

3) Time Deposit – Time deposit is a money deposit at a banking institution that cannot be withdrawn for a certain "term" or period of time. When the term is over it can be withdrawn or it can be held for another term.

4) Fixed Deposits – FDs are the deposits that are repayable on fixed maturity date along with the principal and agreed interest rate for the period. Banks pay higher interest rates on FDs than the savings bank account.

5) Recurring Deposits – These are also called cumulative deposits and in recurring deposit accounts, a certain amounts of savings are required to be compulsorily deposited at specific intervals for a specified period.

BANKING - A to Z

Alphabet-A

Account Agreement:

The contract governing your open-end credit account, it provides information on changes that may occur to the account.

Account History:

The payment history of an account over a specific period of time, including the number of times the account was past due or over limit.

Account Holder:

Any and all persons designated and authorized to transact business on behalf of an account. Each account holder's signature needs to be on file with the bank. The signature authorizes that person to conduct business on behalf of the account.

Accrued Interest:

Interest that has been earned but not yet paid.

Acquiring Bank:

In a merger, the bank that absorbs the bank acquired.