rakshitbehel Says
your status tells me that you are on your way to become the biggest thing for BANKING GYAAN on this thread
....:cheers::cheers:
as pampered by Rakshitbehel...i m sharing some terms, which i mugged up in my interviews with sbi,pnb,nd obc..
Bank rate,repo rate,nd crr is already discussed earlier.
1
.Rev repo rate-- is the rate at which banks park their short-term excess liquidity with RBI.
2.
Statutory liquidity ratio-- is the amount of liquid assets such as precious metals or other approved securities, that a Bank must maintain as reserves other than the cash with RBI.
3.
Base Rate--The Base Rate acts as a min-max interest rate of a Bank, below-abv which it cannot lend.
replaced BPLR (w.e.f july1 2010)
4.
GDP--is the total market value of all the final goods and services produced within boundries of country in a financial year.
5.
GNP--is the total market value of all the final goods and services produced by an indian citizen in india and abroad.
6.
GNI--is same as GNP minus gross imports of goods and services, and the indirect business taxes.
7
.Financial Inclusion--is the delivery of banking services at an affordable cost to vastsections of disadvantage and low income group(specially focused on reach of banking services in Rural areas)
8.
RTGS/NEFT--it is a service offered by banks to transfer money from one bank to another at a cheap and faster method. RTGS-abv 2lac,NEFT-below 2lac.
9.
Scheduled bank--are those bank which are registered under schedule 2E of RBI Act1934 with minimum paid up capital of Rs200cr.
10.
Non-Schdul Bank-- simple which r not reg under RBI act
i hav tried to give simple definatn so as to understand nd remember better at da tym of interview...
dats all i can write....will add more as the Thread proceeds...:cheers:
