RBI Grade B 2016 Discussion (Phase I, Phase II and Interview)

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About this group

RBI Grade B is one of the most coveted jobs after few Civil Services posts.

Grade B means Manager in Reserve Bank of India

Next promotion is Grade C i.e. Assistant General Manager (AGM)

You can reach upto Executive Director / Deputy Governor.

I will try to solve all your doubts / queries related to RBI Grade B Exam related to preparation strategy, books, newspapers, eligibility criteria, selection of subject, RBI’s culture, promotion, place of posting, salary, perks, etc.


Susheel A Ragade (BE, MBA-Finance)

Ex.Manager Reserve Bank of India

In last 4 years, 60+ My Students cracked RBI Grade B exam.

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Key Announcements Of Union Budget 2019-20:
  • PAN and Aadhaar will become interchangeable. One can use your Aadhaar number to file I-T Returns soon
  • Rs 5 lakh minimum limit announced for taxpayers.
  • 3% surcharge hike on an income of Rs 2 crore and 7% on Rs 5 crore and above
  • Corporate tax with turnover of up to Rs 400 crore slashed to 25 per cent from a current rate of 30 per cent
  • MDR charges waived on cashless payment
  • Fiscal deficit in FY 19 at 3.3% of the GDP
  • GST rate on electric vehicles lowered to 5%
  • Nari tu Narayani: Women SHG Interest Subvention Programme to be expanded to all districts in India
  • Rs 1 lakh loan to be provided for SHG women members under Mudra Scheme
  • Additional income tax deduction of Rs 1.5 lakh on interest on loans taken to purchase electric vehicles
  • Additional deduction of Rs 5 lakh on loans up to March 31 2020 for buying affordable houses, giving Rs 7 lakh benefit to home buyers.
  • To provide Aadhaar cards for NRIs with Indian passports, after their arrival in India, with no waiting period.
  • Rs 20 coin coming up
  • Regulation of HFCs (Housing Finance Cos) to move to RBI from National Housing Bank
  • Excise duty on fuel hiked by Rs 1
  • To resolve the angel tax issue, startups will not be subject to any scrutiny in respect to valuation. Funds raised by startups will not require any scrutiny by the I-T department.
  • TDS of 2% on cash withdrawals exceeding Rs 1 crore in a year from bank accounts, to discourage business payments in cash.
  • Period of exemption for capital gains arising from sale of house for investment in startups to be extended to March 31, 2021
  • Rs 70,000 crore in recapitalisation for public sector banks
  • Rs 1.05 lakh crore disinvestment target for the year.
  • TV channel to be launched for promoting startups and to help matchmaking for funds
  • Rs 50 lakh crores proposed for Railway infrastructure
  • By 2022, the 75th year of Independence, every single rural family, except those who are unwilling to take the connection, will have electricity and clean cooking facility
  • The pension benefit will be extended to 3 crore retail traders under PM Karam Yogi Maan Dhan Scheme. It requires only Aadhaar numbers and bank accounts
  • Rs 1 crore worth of loans proposed to MSMEs
  • 2% interest subvention for GST-registered MSME on fresh or incremental loans
  • Investment by FIIs and FDIs in debt securities in infrastructure debt funds to be allowed. Minimum public shareholding in listed companies can be increased from 25% to 35%
  • Global Investors Meet to happen in India 
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The answer is really simple. Go through your ESI and FM syllabus and identify the topics which have a current/factual/data orientation and date pertaining to which can be found in the Survey.

The list of such topics is as follows:

Measurement of growth: National Income and per capita income
Poverty Alleviation and Employment Generation in India
Sustainable Development and Environmental issues
Industrial and Labour Policy
Monetary and Fiscal Policy
Balance of Payments
Export-Import Policy
Demographic Trends
Urbanization and Migration
Gender Issues
Social Justice : Positive Discrimination in favor of the under privileged
Human Development
Social Sectors in India
Health and Education
The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue
Thirteenth Finance Commission and GST,
Finance Commission
Fiscal Policy
Fiscal Responsibility and Budget Management Act (FRBM),
Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends.
Latest trends, latest data, latest committees, latest terms and phrases, etc related to all the above topics can be found in the Survey.

More Resources at -- https://www.facebook.com/rbigradebcoachingbydassir

Join For Updates -- https://bit.ly/30C3gWe
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Role of Technology in Driving Financial Inclusion

The banking sector has made rapid strides largely because of the swift advancement in technology. Auto­mated teller machines, internet and mobile banking, payment wallets, and other advancements have brought in significant improvements in consumer experience and have also helped banks widen their reach.

RBI has been actively involved in harnessing technology for the develop­ment of the Indian banking sector over the years. The apex bank took upon the task of promoting computerisation in banking to improve customer services, book keeping and management infor­mation system (MIS) to enhance pro­ductivity. RBI has played a pivotal role in achieving various objectives such as implementation of the electronic payment system such as RTGS (Real Time Gross Settlement), electronic funds transfer (NEFT), mobile banking system etc.

Adoption of the Core Banking Solu­tions (CBS): CBS is networking of branches, which enables customers to operate their accounts and avail of banking services from any branch of the bank on CBS network, regardless of where the customer maintains his/her account.

Mobile Phone Penetration

Leveraging mobile phone penetration and mobile phone service, providers are introducing innovative methods of bringing the unbanked populations into the formal economy using mobile phones.

India has witnessed rapid growth in mobile adoption and today more than 70 per cent of the population owns a mobile phone.

The extensive reach of mobile phones offers an innovative low-cost channel to expand the reach of bank­ing and payment services especially to the large section of rural mobile subscribers.

It has advantages over traditional banking methods because it breaks down geographical constraints.

Other advantages include imme­diacy, security and efficiency.

Mobile banking also reduces the cost of financial transactions as it involves little or no infrastructure cost to the bank and no additional investment from the customers.

Government Initiative for Inclusive Growth

Financial inclusion is likely to remain high on the government’s agenda over the next decade. Over the last several years, many initiatives have been progressively launched.

Digital India

The Digital India initiative, coupled with a payment infrastructure, is laying the cornerstone for a digital economy, keeping in mind the increas­ing willingness of people to use the internet and the rising data traffic in the country.

The impact of Digital India by 2019:

An investment of $18.4 billion to provide last mile internet connectivi­ty, better access to government ser­vices, and development of IT skills

Provision of Wi-Fi services in cit­ies with a population of more than one million, as well as major tour­ist centres

Provision of broadband internet access to 250,000 village clusters by 2019 at a cost of about $5.9 billion

Availability of digital lockers to each citizen, allowing them to store all their original identification docu­ments and records

Development of 100 smart cities in India

Focus on moving towards automation in delivery of government services

Achievement of a leadership position in IT towards betterment of health, education and banking services

Widened internet access and an enabled use of shareable private space on a public cloud model in order to empower citizens digitally

Aadhaar Card

The technology-levered Aadhaar programme is likely to be the big­gest disruptor in financial inclusion delivery, as innovations leveraging the Aadhaar card are expected to assist in broad-basing the access and acceptance by financially excluded segments.

Direct Benefits Transfer

The scheme was initiated to facilitate disbursements of government entitle­ments such as those under the social security pension scheme, handicapped old age pension scheme, etc., of any central or state government bodies, using Aadhaar and authentication thereof, as supported by UIDAI.

As the market has been exposed to innovative digital-based services that have been disruptive in nature, it is now betting on changing client preferences to move from pricing (discounts)...

Retail Banking

The provision of these services is expected to encourage electronic retail payments and facilitate inter-operability across banks in a safe and secured manner.

Payment Banks

Payments banks are a new model of banks conceptualised by the Reserve Bank of India (RBI).The main objec­tive of payments bank is to widen the spread of payment and financial services to small business, low-income households, migrant labour workforce in secured technology-driven environ­ment in remote areas of country.

They can raise deposits of up to Rs 1 lakh, and pay interest on these balances just like a savings bank account does

They can enable transfers and remittances through a mobile phone at low cost

They can offer services such as automatic payments of bills, and purchases in cashless, cheque less transactions through a phone

They can issue debit cards and ATM cards usable on ATM net­works of all banks

They cannot lend money and issue credit cards

Digitisation Trends and Opportunities

Consumer behaviour is changing towards rapid adoption of digitisation

As the market has been exposed to innovative digital-based services that have been disruptive in nature (e-commerce players and e-gover­nance services), it is now betting on changing client preferences to move from pricing (discounts) to conve­nience and service.

Demographic dividend is likely to create a large digital-savvy customer segment

India’s demographic dividend is well suited to switch to digital behaviour, considering that the median age of an Indian is expected to be 29 years by 2020, with 900 million of the population falling in the age group of 15–60 years by 2025.

The banking sector has made rapid strides largely because of the swift advancement in technology...(that) have made significant improvements in consumer experience and have also helped banks widen their reach.

As the market has been exposed to innovative digital-based services that have been disruptive in nature, it is now betting on changing client preferences to move from pricing (discounts)...

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Want 3 very serious aspirants to share rbi grade b course material with so that the overall cost won't become a burden. If u r preparing for rbi this year and u r serious, pls do reply asap. Thank u.

Now or never
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@abuzsid  ·  13 karma


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I am preparing for RBI Grade B in Jaipur. Anyone preparing for the same and staying in Jaipur? Whatsapp me @7368806162

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Latest article by Ex- RBI manager Susheel Ragade on Grade B exam.


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invitation to join this wonderful group   

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 Result date for RBI Grade B 2017 Final Results- 27th or 30th October 2017 (Source:RBISB) 

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Hi... Any suggestion for online coaching for phase 2 . Anyone plz share experience who have reached phase 3.. Anujjindal is better or susheel ragade... I have seen some posts that online coaching is waste of money have to prepare on self.. Is it true? Plz someone suggest am not able to prepare notes on my own as I have a small child..

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