# part 1

BANKING AWARENESS - ONE LINER

Banking ombudsman is appointed by RBI

Tax free union territory Pudhucherry

Maximum age for retirement of MD/CEO for all private banks 70 years

New savings schemes introduced by SBI for children pehlaKadam and PehliUdaan

Financial inclusion Lack of access to financial service

Vijay Mallya willfull defaulter is declared by United Bank of India

Mutual funds are regulated by Securities Exchange Board of India (SEBI)

Equator- the term associated with Banking operations

U.T.I officially changed by Axis bank

Regulatory authority of rural banks RBI and NABARD

EBT Electrical Benefit Transfer

BMB Smartbanking internet banking facility launched by BharatiyaMahila Bank

NABARD Handles refinance for agriculture and rural development in India

ICICI allow to open bank account for children above 10

Kotak Mahindra Bank launched FACEBOOK based social networking instant fund transfer

SBI introduced first multi-currency international debit card.

Microsoft ready to set up data centres end of 2015.

The foreign exchange reserves are kept by RBI

Bank of Rajastan merged with UCO bank

Drawer in bank cheques who issues the cheque.

Drawee in bank cheque always the banker

Union bank first bank to set up talking ATM

SBI Associate banks initially seven banks

During inflation tax should be increased.

Industrial sector biggest tax paying sector in India

SBI first Indian bank to touch market capital up to Rs.100000 crore

Insurance sector regulated by Insurance Regulatory and Development Authority (IRDA)

United commercial bank Expanded form UCO bank

TRIPS and TRIMS associated with WTO

SBI and Bank of India first two Indian banks to open branch in Pakistan

The merchant banking activities in India governed by - SEBI

RBI establish in April 1, 1935.

Original name of SBI Bank of Calcutta and Bank of Bengal

SBI comes into existence in 1955

Hum Hai Na is the slogan of ICICI

World bank established in 1944

Headquarter of world bank is Washington DC.

World bank 12th president Jim Yong Kim

SIDBI Small Industries Development Bank of India

NHB National Housing Bank

NHB established in 9th July, 1988

NDTL Net Demand and Time Liabilities.

KYC Know Your Customer

Inflation increase in general level of price for goods and service

Bearer cheque payable to any person who present it for payment at the bank counter

Capital market deals in Long term funds and Debt and Equity

Banking commission established in 1972

IRDA headquarter Hyderabad

SBI formulated under SBI Act 1955

ICICI first universal bank established in country

Scheduled commercial banks got license under Banking Regulation Act 1949

Laxmi commercial bank merged with Canara bank

If ATM is out of order it is called operational risk

When computer is not worked in banks is called operational risk

Credit risk If loans are not repaid in time

Market risk If the bank products failed to service in market

IFSC denotes Branch code of any bank

IFSC consist of 11 digits

Global bank Take over by Oriental bank of commerce

RBI does not issue one rupee note

Bank of baroda first bank to open branch outside India at London

NRI deposits called as Hot Money

LAB Local Area Banks

Oriental bank of commerce first bank to issue capital to public.

SEBI consists of chairman and five members

Bank rate when RBI desires to restrict expansion of credit it raises.

Dishonour of the cheque when bank returns the the cheque unpaid

Mortgage is the security on immovable property

FINO Financial Information Network and Operation Limited

When the purchasing power of money decreases then rate of inflation increase.

DICGC Deposits Insurance and Credit Guarantee Corporation of India Limited

Money laundering conversion of money which is illegally obtained.

NEFT National Electronic Fund Transfer

Loans and Advances is not a money market instrument.

First bank to launch mutual fund SBI

TPA Third Party Administrator

RBI nationalised under Transfer of Public Ownership Act, 1948

RBI regional centres Mumbai, Kolkata, Chennai and Delhi

Scheduled commercial banks credit limit Rs.500000

Scheduled commercial banks has to maintain their CRR up to 3% of their time.

Scheduled commercial Banks CRR can go up to maximum of - 21%

Public sector banks nationalised up to 19-07-1969 14

Minimum paid up capital for private banks 100 crore

Regional rural banks established on 02-10-1975

LIC established in 1956

NABARD established in 1982 under act of paliment

EXIM Export and Import bank of India

Exim bank passed oon 1981

NHB established in 1988

Minimum age to become manager in private sector banks 21

TRAI Telecom Regulatory Authority of India

Extended date for BASEL III norms 31-03-2019

FDI limit in insurance - 49%

Singapore is the top in ease of doing business

MICR Magnetic Ink Character Recognition and it has 9 character

Oldest public sector bank Allahabad bank

Australia first country to issue pure plastic notes

Rate of interest determined by commercial banks

Indias first non bank owned ATM (white labled ATM)in Maharashtra

Largest commercial bank SBI

Demand deposit bank deposit can be drawn without notice

Currency notes must have 14 languages

Multilated Notes Notes which are in pieces of which the essential parts are missing

HDFC Housing Development Finance Corporation

FCCB Foreign Currency Convertible Bond

MICR Magnetic Ink Character recognition

RBI established in 1, April 1935.

WPI Whole sale Price Index.

Regulator of capital market SEBI

Capital market in which long term securities are bought and sold

When aggregate supply is less than aggregate demands is then inflation occurs.

FMC Forward Market Commission

In MICR first six numbers indicates Cheque number

ICICI first bank to launch EMI facility on debit card.

Financial assistance for sum of Rs.5,000 can be called as Micro finance.

ICRIER Indian Council for Research on International Economic Relations

Fixed deposit maximum period of 10 years.

First Indian bank to receive principal approval form RBI HDFC

KYC innovated by Basel committee

FDI foreign direct investment.

Deflation reduction in general level price an economy.

Inflation increase in price and fall in the purchasing value of money.

FII Foreign Institutional Investor.

SEBI statutory body

Bank rate which is levied on long term loans and advances taken by commercial banks form RBI

Cash reserve ratio amount of fund that the banks have to maintain with RBI.

RBI nationalised on 1949.

Maximum compensation by banking ombudsman for a complaint is Rs.10 Lakh

Stael cheque not honoured by bank

N.K .Singh committee related to FDI.

Smart money refers to credit cards.

Home loans are a retail banking product.

Merchant banking comes under existence of 1967

Grindlays bank first bank to introduce the merchant bank in India.

UNCTAD United Nations Conference on Trade and Development.

SBI first bank to receive approval of getting full bank licence in Singapore.

SME Small and Medium Enterprise

CEPI Comprehensive Environmental Pollution Index.

FATF Financial Action Task Force.

CGC Credit Guarantee Corporation

DICGC Deposit Insurance and Credit Guarantee Corporation

BSBDA Basic Saving Bank Deposit Account

Bankruptcy when publicly announces that he can not repay loans in banking language.

IFSR International Financial Reporting Standards

World bank referred to International Bank of Reconstruction and Development

FIMMDA Fixed Income Money Market and Derivatives Association

GAAR General Anti Avoidance Rules.

Minimum and maximum level of RTGS 2 lakh and No limit

Bank of Hindustan first bank established in India

Bank of Hindustan established in 1770.

6 banks nationalised in 1980.

Central office of RBI is Kolkata. (initially established) then Mumbai

RBI consists of 1 Governor and $ Deputy Governor.

BFS - Board for Financial Supervision

BFS constituted on November 1994.

BFS chaired by Governor.

NABARD National Bank for Agriculture and Rural Development.

ARDC Agriculture Refinance and Development Corporation.

NABARD dedicated to Indira Gandhi

Chairman of NABARD Harsh Kumar Bhanwala

Mumbai NABARD head quarters.

CSR Corporate Social Responsibility.

IRDAI Insurance Regulatory and Development Authority.

IRDAI head quarter Hyderabad.

IRDAI under IRDAI Act 1999.

T.S. Vijayan is the chairman of IRDAI.

LIC comes in to existence of 1956.

BIS Bank for International Settlements.

BIS head office Basel, Switzerland.

Number of central banks are member of BIS is 60.

SDR Special Drawing Rights.

General manger of BIS is Jaime Caruna

GATT General Agreement on Traffic and Trade.

Number of member in WTO 161.

Food for work program is renamed as NREP.

Headquarter of SIDBI is Lucknow.

IRBI Industrial Reconstruction Bank of India.

IRBI was established in 1985.

IMF established on 27, December 1945.

IMF headquarters Washington DC

France is the first country to borrow form IMF

C. Rangarajan plays the vital role in setting up NHB.

2022 NHB objective to promote slum free cities.

Top 5 credit card issuer ICICI, HDFC, SBI, Citi Bank, American Express.

The term credit card first used by Edward Bellamy.

NPCI National Payment Corporation of India.

Fiscal policy deals with Taxation and Expenditures.

DTC Direct Tax Code

FRBM Fiscal Responsibility and Budget Management.

John Adrian Shepherd Barron inventor of ATM.

ATM invented in 1967

HSBC first bank to introduce the ATM at 1987.

Worlds highest ATM is located at Sikkim.

White label ATM ATM that does not have any bank logo.

Banking ombudsman scheme was introduced by Banking Regulation Act,1949.

Banking ombudsman scheme first revised in 2002.

Current banking ombudsman scheme introduced in 2006.

GATT was signed by 23 nations in Geneva on October 30, 1947.

Headquarter of GATT Geneva, Switzerland.

Number of countries in world bank 188.

The main focus of IBRD and IDA is on developing countires.

Renewable term for selecting world bank president 5 years.

Allahabad bank

Allahabad bank found on April 24, 1865.

Head office Kolkata.

Nationalised on 19 ,July 1969.

It was merged with united industrial bank limited in October 1989.

In 2007 this banks capital first crossed 1,00,000.

This bank celebrate 150th years of foundation on April 2014.

Chairman and managing director Rakesh Sethi.

Orbit of large banks because it crosses bench mark business figure Rs.300000 crore.

Slogan A tradition of trust.

In February 2007 Allahabad bank opened its first overseas bank in Hong Kong.

CSB- Core Banking Solution.

Allahabad bank operates more than 3000 branches.

In march 2011 Allahabad bank implemented CBS in all branches

Syndicate bank- Established on 1925.

Primary objective To extend financial assistance to the local weaver through mobilising all savings
from community.

Logo Dog.

MD and CEO Arun Shrivastava.

Headquarters Manipal, Karnataka.

Slogan Your Faithful and Friendly Financial Partner.

It was nationalised on 19 July, 1969.

In 2010 11 the bank opened 135 branches.

In 2009-10 50 branches opened.

Oriental bank of commerce (OBC)

Founded on 19 February 1943.

Headquarters Gurgaon, Haryana.

Slogan where every individual is committed.

Founded at first in Lahore.

First chairman Rai Bahadur Lala Sohan Lal (one of the founder)

Nationalised on 15, april 1980.

OBC amalgamated Global Trust Bank

Amalgamated on 14 August 2004.

MD and CEO Anmesh Chauhan.

Grameen projects- Dehradun and Hanumangarh.

It has more than 530 branches in India.

Punjab and Sind bank

Founded on 24, June 1908.

Headquarters New Delhi.

More than 600 branches in Punjab.

Established on 1960.

Rural bank sponsored by Punjab and sind bank is Sutlej Gramin Bank.

Slogan Where service is a way of life.

Chairman Jatinder Bir Singh.

Bank of Baroda (BOB)

Founded on 20 July, 1908.

Under companies Act of 1897.

Started with the capital of Rs. 10 Lakh

Headquarter Vadodara (Baroda)

BOB ranked 801 on Forbes global 2000 list.

It has more than 5300 branches in India and abroad.

Slogan Indias International Bank.

Chairman Ravi Venkatraman.

Founder Maratha Kingdom

BOBs first domestic acquisition Hind Bank

Punjab National Bank

Born on May 19, 1894.

Open its door to the public on 12 April 1895.

Lala Lajpat Rai is the first person open the account.

On March 31, 1947 PNB bank officials decided to leave Lahore.

Slogan The name you can bank upon.

Founder Lala Lajpat Rai

Headquarters New Delhi.

They got Pradhan Mantri Jan Dhan Yojana excellence award 2015.

United bank of India

Formed on 1950.

It has three organisational set up.

Also known as Tea Bank.

Slogan The bank That Begins with U

MD and CEO P. Srinivas.

Headquarter New Delhi.

Vijaya bank
Founded on 23rd October 1931.

Became scheduled bank in 1958.

In 1963-68 there are 9 banks merged with.

1701 branches, 49 extension counter and 1528 ATM.

It has 3 organisational set up structure.

Slogan The Friend You can bank upon.

MD and CEO Kishore Kumar Sansi

Headquarters Bangalore.

It is a medium sized public sector bank.

Check card is also known as Debit card.

Union Pay debit card is associated with China.

Prepaid debit cards are also known as Reloadable Debit cards.

The prepaid bank card is also known as Bank Gift Card.

POS Point of Sale.

Canara Bank

founded by Ammembai Subba Rao Pai

founded on July, 1906

Nationalised on July, 1969.

Total 9039 ATM

Chairman T.N.Manoharan

MD and CEO Rakesh Sharma

Got golden peacock business excellence award 2015.

Headquarter Bangalore

Slogan its easy to change for those love you, together we can.

MSME banking excellence award in 2015.

Opened seventh overseas branch in New York in 2014.

Rupiya in our country introduced by Sher Shah Suri

SME Small and Medium Enterpraise

CEPI Comprehensive Environmental Pollution Index.

Crypto currency Digital medium of exchange

FATF Financial Action Take Force

India become the member of FATF in 2010.

Micro credit small credit given to poor

CGC Credit Guarantee Corporation

Sugan scheme was launched for small tax payers.

National Rural Employment Program was formally called as Food For Work

Converting into physical form of share into electronic form is called DEMAT.

Bank of Rajasthan is merged with ICICI.

Lockless bank in Maharashtra UCO bank.

BFS Board of Financial Supervision

Australia is the first country to issue purely plastic notes.

7 more banks nationalised in 1980.

ICICI kicked of online bank in 1996. BANKING AWARENESS - ONE LINER

Banking ombudsman is appointed by RBI

Tax free union territory Pudhucherry

Maximum age for retirement of MD/CEO for all private banks 70 years

New savings schemes introduced by SBI for children pehlaKadam and PehliUdaan

Financial inclusion Lack of access to financial service

Vijay Mallya willfull defaulter is declared by United Bank of India

Mutual funds are regulated by Securities Exchange Board of India (SEBI)

Equator- the term associated with Banking operations

U.T.I officially changed by Axis bank

Regulatory authority of rural banks RBI and NABARD

EBT Electrical Benefit Transfer

BMB Smartbanking internet banking facility launched by BharatiyaMahila Bank

NABARD Handles refinance for agriculture and rural development in India

ICICI allow to open bank account for children above 10

Kotak Mahindra Bank launched FACEBOOK based social networking instant fund transfer

SBI introduced first multi-currency international debit card.

Microsoft ready to set up data centres end of 2015.

The foreign exchange reserves are kept by RBI

Bank of Rajastan merged with UCO bank

Drawer in bank cheques who issues the cheque.

Drawee in bank cheque always the banker

Union bank first bank to set up talking ATM

SBI Associate banks initially seven banks

During inflation tax should be increased.

Industrial sector biggest tax paying sector in India

SBI first Indian bank to touch market capital up to Rs.100000 crore

Insurance sector regulated by Insurance Regulatory and Development Authority (IRDA)

United commercial bank Expanded form UCO bank

TRIPS and TRIMS associated with WTO

SBI and Bank of India first two Indian banks to open branch in Pakistan

The merchant banking activities in India governed by - SEBI

RBI establish in April 1, 1935.

Original name of SBI Bank of Calcutta and Bank of Bengal

SBI comes into existence in 1955

Hum Hai Na is the slogan of ICICI

World bank established in 1944

Headquarter of world bank is Washington DC.

World bank 12th president Jim Yong Kim

SIDBI Small Industries Development Bank of India

NHB National Housing Bank

NHB established in 9th July, 1988

NDTL Net Demand and Time Liabilities.

KYC Know Your Customer

Inflation increase in general level of price for goods and service

Bearer cheque payable to any person who present it for payment at the bank counter

Capital market deals in Long term funds and Debt and Equity

Banking commission established in 1972

IRDA headquarter Hyderabad

SBI formulated under SBI Act 1955

ICICI first universal bank established in country

Scheduled commercial banks got license under Banking Regulation Act 1949

Laxmi commercial bank merged with Canara bank

If ATM is out of order it is called operational risk

When computer is not worked in banks is called operational risk

Credit risk If loans are not repaid in time

Market risk If the bank products failed to service in market

IFSC denotes Branch code of any bank

IFSC consist of 11 digits

Global bank Take over by Oriental bank of commerce

RBI does not issue one rupee note

Bank of baroda first bank to open branch outside India at London

NRI deposits called as Hot Money

LAB Local Area Banks

Oriental bank of commerce first bank to issue capital to public.

SEBI consists of chairman and five members

Bank rate when RBI desires to restrict expansion of credit it raises.

Dishonour of the cheque when bank returns the the cheque unpaid

Mortgage is the security on immovable property

FINO Financial Information Network and Operation Limited

When the purchasing power of money decreases then rate of inflation increase.

DICGC Deposits Insurance and Credit Guarantee Corporation of India Limited

Money laundering conversion of money which is illegally obtained.

NEFT National Electronic Fund Transfer

Loans and Advances is not a money market instrument.

First bank to launch mutual fund SBI

TPA Third Party Administrator

RBI nationalised under Transfer of Public Ownership Act, 1948

RBI regional centres Mumbai, Kolkata, Chennai and Delhi

Scheduled commercial banks credit limit Rs.500000

Scheduled commercial banks has to maintain their CRR up to 3% of their time.

Scheduled commercial Banks CRR can go up to maximum of - 21%

Public sector banks nationalised up to 19-07-1969 14

Minimum paid up capital for private banks 100 crore

Regional rural banks established on 02-10-1975

LIC established in 1956

NABARD established in 1982 under act of paliment

EXIM Export and Import bank of India

Exim bank passed oon 1981

NHB established in 1988

Minimum age to become manager in private sector banks 21

TRAI Telecom Regulatory Authority of India

Extended date for BASEL III norms 31-03-2019

FDI limit in insurance - 49%

Singapore is the top in ease of doing business

MICR Magnetic Ink Character Recognition and it has 9 character

Oldest public sector bank Allahabad bank

Australia first country to issue pure plastic notes

Rate of interest determined by commercial banks

Indias first non bank owned ATM (white labled ATM)in Maharashtra

Largest commercial bank SBI

Demand deposit bank deposit can be drawn without notice

Currency notes must have 14 languages

Multilated Notes Notes which are in pieces of which the essential parts are missing

HDFC Housing Development Finance Corporation

FCCB Foreign Currency Convertible Bond

MICR Magnetic Ink Character recognition

RBI established in 1, April 1935.

WPI Whole sale Price Index.

Regulator of capital market SEBI

Capital market in which long term securities are bought and sold

When aggregate supply is less than aggregate demands is then inflation occurs.

FMC Forward Market Commission

In MICR first six numbers indicates Cheque number

ICICI first bank to launch EMI facility on debit card.

Financial assistance for sum of Rs.5,000 can be called as Micro finance.

ICRIER Indian Council for Research on International Economic Relations

Fixed deposit maximum period of 10 years.

First Indian bank to receive principal approval form RBI HDFC

KYC innovated by Basel committee

FDI foreign direct investment.

Deflation reduction in general level price an economy.

Inflation increase in price and fall in the purchasing value of money.

FII Foreign Institutional Investor.

SEBI statutory body

Bank rate which is levied on long term loans and advances taken by commercial banks form RBI

Cash reserve ratio amount of fund that the banks have to maintain with RBI.

RBI nationalised on 1949.

Maximum compensation by banking ombudsman for a complaint is Rs.10 Lakh

Stael cheque not honoured by bank

N.K .Singh committee related to FDI.

Smart money refers to credit cards.

Home loans are a retail banking product.

Merchant banking comes under existence of 1967

Grindlays bank first bank to introduce the merchant bank in India.

UNCTAD United Nations Conference on Trade and Development.

SBI first bank to receive approval of getting full bank licence in Singapore.

SME Small and Medium Enterprise

CEPI Comprehensive Environmental Pollution Index.

FATF Financial Action Task Force.

CGC Credit Guarantee Corporation

DICGC Deposit Insurance and Credit Guarantee Corporation

BSBDA Basic Saving Bank Deposit Account

Bankruptcy when publicly announces that he can not repay loans in banking language.

IFSR International Financial Reporting Standards

World bank referred to International Bank of Reconstruction and Development

FIMMDA Fixed Income Money Market and Derivatives Association

GAAR General Anti Avoidance Rules.

Minimum and maximum level of RTGS 2 lakh and No limit

Bank of Hindustan first bank established in India

Bank of Hindustan established in 1770.

6 banks nationalised in 1980.

Central office of RBI is Kolkata. (initially established) then Mumbai

RBI consists of 1 Governor and $ Deputy Governor.

BFS - Board for Financial Supervision

BFS constituted on November 1994.

BFS chaired by Governor.

NABARD National Bank for Agriculture and Rural Development.

ARDC Agriculture Refinance and Development Corporation.

NABARD dedicated to Indira Gandhi

Chairman of NABARD Harsh Kumar Bhanwala

Mumbai NABARD head quarters.

CSR Corporate Social Responsibility.

IRDAI Insurance Regulatory and Development Authority.

IRDAI head quarter Hyderabad.

IRDAI under IRDAI Act 1999.

T.S. Vijayan is the chairman of IRDAI.

LIC comes in to existence of 1956.

BIS Bank for International Settlements.

BIS head office Basel, Switzerland.

Number of central banks are member of BIS is 60.

SDR Special Drawing Rights.

General manger of BIS is Jaime Caruna

GATT General Agreement on Traffic and Trade.

Number of member in WTO 161.

Food for work program is renamed as NREP.

Headquarter of SIDBI is Lucknow.

IRBI Industrial Reconstruction Bank of India.

IRBI was established in 1985.

IMF established on 27, December 1945.

IMF headquarters Washington DC

France is the first country to borrow form IMF

C. Rangarajan plays the vital role in setting up NHB.

2022 NHB objective to promote slum free cities.

Top 5 credit card issuer ICICI, HDFC, SBI, Citi Bank, American Express.

The term credit card first used by Edward Bellamy.

NPCI National Payment Corporation of India