BANKING AWARENESS IMPORTANT POINTS TO REMEMBER

LLP: Limited Liability Partnership Organizations maintains the Rural Infrastructure Development Fund (RIDF) -NABARD TRIPS Trade Related Intellectual Property Rights TRIMS Trade Related Investment Measures are associated with ---Dunkel Proposal Many a times we read a term in financial news papers SEPA. What is the full form of the term Single Euro Payments Area Marginal Propensity to Consume (MPC) means When income rises consumption Remains constant National Agricultural Cooperative Marketing Federation is known as NAFED NABARD(development bank) recently launched Farmers Information Service via SMS to help farmers in Gujarat state ESMA: Essential Services Maintenance Act Trade control in India : DGFT(Directorate general of Foreign Trade) ANBC: Adjusted Net Bank credit Adjusted Net Bank Credit is Net Bank Credit added to investments made by banks in non-SLR bonds (in held-to-maturity (HTM)) or it is the credit equivalent of off-balance-sheet exposures, whichever is higher. Green Tax on vehicles: The Maharashtra government decided to levy environment tax on commercial vehicles which are over eight years old and private vehicles which are over 15 years Branchless Banking: Banks will not have many branches as used to be in the good old days. Instead, the number of branches will be restricted and will conduct only a specified core business. Banks will launch/operate many delivery channels like ATMs, Mobile Banking/ Internet Banking etc sot that people are not required to visit a branch for their usual banking needs. This means banks will issue only debit or credit cards for all types of day-today financial transactions. Cheques/cash payments will not be allowed.

Rural Woman can avail the benefit of Mahila Samriddhi Yojana if they open their account in Rural Post offices. DTC stands for Direct Tax Code ULIP: Unit Linked Insurance Plan CFRA: Combined Finance and Revenue Accounts CGRA: Curreny and Gold revalution Account Fully owned by RBI: Fully owned: National Housing Bank(NHB), Deposit Insurance and Credit Guarantee Corporation of India(DICGC), Bharatiya Reserve Bank Note Mudran Private Limited(BRBNMPL Minimum Support Price recommended by Commission for Agricultural Costs and Prices (CACP) NDS: Negotiated Dealing System is an electronic platform for facilitating dealing in Government Securities and Money Market Instruments. Two products from SIDBI Assistance for MSME 1. GEMS: Growth capital and Equity Assistance for MSMES. 2. FACE: Flexible Assistance for capital expenditure Electronic payment products viz. Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), National Electronic Clearing Service (NECS) and Electronic Clearing Service (ECS) CGTMSE: Credit guarantee and Fund Trust for Micro and Small Enterprises Setup by GOI+SIDBI IBPC: Inter bank Participation Certificate FIRC: Foreign Inward Remmitance Certificate CLSS; Credit linked Capital Subsidy scheme SEPA: Single Euro Payment Area ESMA: Essential Service Maintenance Act CBLO: Collateralized Borrowing and lending obligation(Money Market instrument) Different Types of Money Market Instrument:

T-bills Repurchase Agreements Commercial papers, Certificate of Deposit used by banks. IRS-Interest rate swap FRA- Forward Rate Agreement both used by CCIL(clearing cooperation of India Limited) When a loan granted for purchase of white goods called consumer durable loan Objective of NFSM(National Food Security Mission) To increase the production of wheat, rice and pulses on a substainable basics FNC-financial Holding company headed by Shyimaal Gopinath NSDP: National summary dat apage SDDS: special Data dissemination standard developed by IMF. FINO:Financial information and Network operations RBIs First suboffice in north eastern state -Tripura Guarentee to exporters-ECGC-Export Credit Corporation of India Credit History of Borrowers by CIBIL (credit Information Burea india Limited) BIFR: Board for Financial and Economic Reconstruction ESCAP: Economic and Social commision for Asia and Pacific EPS: Earning Per share-shows what a company had earned for each of its shares IRAC: Income Recognination and Asset Classification DIPB: Duty free Entitled passbook DIPP - Department of Industrial Policy and Promotion (MINISTRY OF COMMERCE & INDUSTRY) FIPB(body/agency set up by Govt. of India to increase the flow of foreign investment in the country). Foreign Investment Promotion Board FEMA: Foreign Exchange Management Act. NSDL: National Securities Depository Limited

FIMMDA: Fixed income Money Market and Derivatives Association FIEO: Federation of Indian Export Organisations FIEO President- Ramu S Deora The Market in which long term securities sold as stocks and bonds are bought and sold is called Capital Market CAMEL: Capital Adequecy, Assset quality, Management quality, Earnings quality, Liquidity CORE: Centralised Online Realtime Electronic CRISIL: Credit Rating Information Services of India ltd ICRA: Investment Information and Credit Rating Agency of INdia FRBM: Fiscal Responsibility and Budget Management FSLRC: Financial Sector Legislative Reforms Commision (Headed by Finance Minister) RDBFI: Recovery of Debts due to Banks and Financial Inclusion PFRDA: Pension fund Regulatory Developent Authority SARAFASI: Securitazation and Reconstruction financial Assets and Enforcement of Security Interest CSR: Corporate Social Responsibility To ensure companies takes steps for rehabilitation of project affected people DSCR:Debt Service Coverage Ratio FSDC- Financial Stability and Development Council STRIPS: Seperate Trading for Registered interest and Payment systems SWIFT: society for World wide InternetFinancial telecommunication Code ICAAP: Internal Capital Adequacy Assessment Process (done by bank itself) STCI: Securities Trading Coorporation of INDIA( RBI promotes STCI to PSBs) SREP: Supervisory Review and Evaluation(process done by RBI) CAFRAL: Center for Advanced Finance Reasearch and Learning NOHC: Non Operative Holding Company ASHA: Accredited Social Health Activist

COPRA: consumer Protection ACt TRIFIED: Tribal cooperative Marketing Development federation of India Limited COMESA: Common Market for Eastren and Southern Africa. TERC: Trade and Economic Relations Committee( headed by Prime Minister) BIFR: BUreau of Industrial and Financial Reconstruction FLCC: Financial Literacy and Credit Counselling CENVAT-Cantral Value ADDED TAX, excise duty/service tax is paid only when goods are consumed. Till then, burden of duty gets passed on to the next buyer/customer CAPART: Council for Advancement of People's action and Rural Technology SABLA: A woman welfare programme launched by the Central govt Committies: Tarapore Committee submitted its report on Full Convertibility on Rupee in Capital account committee recommended abolition of tax rebates -Kelkar Committee The Reserve Bank has constituted a working group to review the current operating procedure of monetary policy, as transmission of the policy to the rest of the system remains imperfect. The group, to be headed by RBI executive director Deepak Mohanthy , will also review the liquidity adjustment facility (LAF), through which the central bank manages money supply in the system on a day-to-day basis Deepak Mahanty committee- related to Base rate Usha Thorat committee committee sugested 75000 villages will have banking services by the year end 2012 RBI Governor heads the Sub-committie of FSDC(Financial stability development Concil) Y.H Malegam committee-MFI Sector Pranab sen committe -related to Slum