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Hi Guys,
I was shortlisted for interviews which are to be held in Jan sometime for PO mt-4.
Can anyone let me know when we will get call letter for the same and the other details related to interview date and location, etc?
If anyone has any idea about this?
Need some help here, I am not able to find any relevant information on the ibps site
RBI recently changed the definition of a non-cooperative borrower:
A defaulter who deliberately stonewalls legitimate efforts is a non-cooperative borrower.A non-cooperative borrower is one who does not engage constructively with his lender by defaulting in timely repayment of dues while having ability to pay, thwarting lenders' efforts for recovery of their dues by not providing necessary information sought, denying access to assets financed/collateral securities, obstructing sale of securities, etc told RBI.
Section 309 of IPC: Attempt to Suicide removed
. Section 309 Indian Penal Code (IPC) was in news recently as Union Home Ministry decided to remove this Section, thus decriminalizing attempt to suicide.
. According to Section 309 of IPC, any person, who attempts to suicide will be treated as criminal offence and person who charged with section 309 of IPC will face up to one year in prison and a fine.
. With the recent decision of Union Home Ministry decriminalizing attempt to suicide now suicide will not be taken as criminal offence. 20th Law Commission had recommended decriminalising attempt to suicide and removing the section 309 IPC.
. France was the first country to decriminalise attempted suicide after the French Revolution.
Only 17% have health insurance cover.
. Fresh official data show the number of people covered by health insurance in India could be far fewer than estimated. Only 21.62 crore people, or 17 per cent of the total population, were covered by health insurance at the end of March 2014.
. The estimate prepared by the Insurance Regulatory and Development Authority (IRDA) and tabled in Parliament by Union Finance Minister Arun Jaitley.
Rajinder Khanna appointed new RAW chief.
. The NDA government has appointed Research and Analysis Service (RAS) officer Rajinder Khanna as the chief of Research & Analysis Wing (R&AW), the country's external intelligence wing. The post has so far been always occupied by an officer from the IAS or IPS.
Prakash Mishra takes over as CRPF DG.
. Senior IPS officer Prakash Mishra took over as the new chief of country's largest paramilitary and lead anti-Naxal operations force CRPF.
. Mr. Mishra, an ex-Odisha police DGP and 1977-batch IPS officer, took charge at the Central Reserve Police Force headquarters
. He succeeded Dilip Trivedi.
Federal Bank CEO to head IBA panel on private banks
. Federal Bank Managing Director and CEO Shyam Srinivasan has been appointed Chairman of the reconstituted Indian Banks' Association committee on member private sector banks for 2014-15. The panel consists of executives from 13 private banks. The committee looks after the specific needs of all the 23 private sector banks that are members of the IBA.
Scheme : Housing for all
. The Centre has assured of Housing for All by 2022 under the Sardar Patel National Mission for Urban Housing, but reviewing the earlier model of this flagship programme, then known as the Rajiv Awas Yojana (RAY), a Standing Committee on Urban Development in its report has noted that the programme has failed to take off for lack of proper planning.
. RAY, launched in two phases was set up for a "slum free India" with inclusive and equitable cities, where citizen have access to basic civic infrastructure and social amenities and decent shelter.
. The preparatory phase was for a period of two years with a target of 195 cities. The implementation phase was approved in September 2013.
ATB 👍
This is totally off topic, but is there anyone here who kept MBA as a backup plan in case of non-selection in this IBPS season? Did anyone appear in December MAT?
RC:
A line from paragraph: The basic objectives of the rural development programmes have been alleviation of poverty and unemployment through creation of basic social and economic infrastructure ,provision of training tounemployed youth .
Question:Objective of the rural development:
This is the choice confusing me:-
1.To provide training to youth (would this choice be valid or it has to be unemployed youth for being correct )
hiiiiiiii friendss time to prepare sbi associate clerk exams
and ibps spl and also united insurance exams
BASEL
1.1 Capital
The basic approach of capital adequacy framework is that a bank should have sufficient capital to provide a stable resource to absorb any losses arising from the risks in its business. Capital is divided into tiers according to the characteristics/qualities of each qualifying instrument. For supervisory purposes capital is split into two categories: Tier I and Tier II. These categories represent different instruments' quality as capital. Tier I capital consists mainly of share capital and disclosed reserves and it is a bank's highest quality capital because it is fully available to cover losses. Tier II capital on the other hand consists of certain reserves and certain types of subordinated debt. The loss absorption capacity of Tier II capital is lower than that of Tier I capital. When returns of the investors of the capital issues are counter guaranteed by the bank, such investments will not be considered as Tier I/II regulatory capital for the purpose of capital adequacy.
BASEL
2 Credit Risk
Credit risk is most simply defined as the potential that a bank's borrower or counterparty may fail to meet its obligations in accordance with agreed terms. It is the possibility of losses associated with diminution in the credit quality of borrowers or counterparties. In a bank's portfolio, losses stem from outright default due to inability or unwillingness of a customer or a counterparty to meet commitments in relation to lending, trading, settlement and other financial transactions. Alternatively, losses result from reduction in portfolio arising from actual or perceived deterioration in credit quality.
For most banks, loans are the largest and the most obvious source of credit risk; however, other sources of credit risk exist throughout the activities of a bank, including in the banking book and in the trading book, and both on and off balance sheet. Banks increasingly face credit risk (or counterparty risk) in various financial instruments other than loans, including acceptances, inter-bank transactions, trade financing, foreign exchange transactions, financial futures, swaps, bonds, equities, options and in guarantees and settlement of transactions.
The goal of credit risk management is to maximize a bank's risk-adjusted rate of return by maintaining credit risk exposure within acceptable parameters. Banks need to manage the credit risk inherent in the entire portfolio, as well as, the risk in the individual credits or transactions. Banks should have a keen awareness of the need to identify measure, monitor and control credit risk, as well as, to determine that they hold adequate capital against these risks and they are adequately compensated for risks incurred.
3 Market Risk
Market risk refers to the risk to a bank resulting from movements in market prices in particular changes in interest rates, foreign exchange rates and equity and commodity prices. In simpler terms, it may be defined as the possibility of loss to a bank caused by changes in the market variables. The Bank for International Settlements (BIS) defines market risk as "the risk that the value of 'on' or 'off' balance sheet positions will be adversely affected by movements in equity and interest rate markets, currency exchange rates and commodity prices". Thus, Market Risk is the risk to the bank's earnings and capital due to changes in the market level of interest rates or prices of securities, foreign exchange and equities, as well as, the volatilities of those changes.
Liquidity Risk
: Risk arising due to the potential for liabilities to drain from the Bank at a faster rate than assets. Liquidity risk for banks mainly manifests on account of the following: (a) Funding Liquidity Risk - the risk that a bank will not be able to meet efficiently the expected and unexpected current and future cash flows and collateral needs without affecting either its daily operations or its financial condition. (b) Market Liquidity Risk - the risk that a bank cannot easily offset or eliminate a position at the prevailing market price because of inadequate market depth or market disruption.
Operational Risk arises as a result of failure of operating system in the bank due to certain reasons like fraudulent activities, natural disaster, human error, omission or sabotage etc
Business Risk: These are the risks that the bank willingly assumes to create a competitive advantage n add value to its shareholders. It pertains to the product market in which the bank operates, n includes technological innovations, marketing n product design. A bank with a pulse on the market and driven b technology as well as a high degree of customer focus, could be relatively protected against this risk.
Reputation Risk: Reputation risk is thepotential loss that negative publicity regarding an institution's business practices, whether true or not, will cause a decline in the customer base, costly litigation, or revenue reductions (financial loss).
The Reserve Bank of India, the central bank and the chief regulator of the banking system in India, were conscious of the ever increasing dimensions of various risks faced by the banking system in India and have been initiating steps in this directions. As we will see below, Basel I norms were introduced only in 1992, and that to in a phased manner over a period of four years, however, RBI had introduced measures for managing liquidity risk, forex risk and credit risk (through the Health Code Systems 1985-86) in the Indian banking system. The Health Code system, inter alia, provided information regarding the health of individual advances, the quality of the credit portfolio and the extent of advances causing concern in relation to total advances. It was considered that such information would be of immense use to banks for control purposes.
Tier-I Capital Paid-up capital Statutory Reserves Disclosed free reserves Capital reserves representing surplus arising out of sale proceeds of assets Equity investments in subsidiaries, intangible assets and losses in the current period and those brought forward from previous periods will be deducted from Tier I capital. Tier-II Capital Undisclosed Reserves and Cumulative Perpetual Preference Shares Revaluation Reserves General Provisions and Loss Reserves
Basel II On June 26, 2004, The Basel Committee on Banking Supervision released "International Convergence of Capital Measurement and Capital Standards: A revised Framework", which is commonly known as Basel II Accord. Basel 1 initially had Credit Risk and afterwards included Market Risk. In Basel 2, apart from Credit & Market Risk; Operational Risk was considered in Capital Adequacy Ratio calculation. The Basel 2 Accord focuses on three aspects: 2.1 Minimum Capital Requirement 2.2 Supervisory Review by Central Bank to monitor bank's capital adequacy and internal assessment process. 2.3 Market Discipline by effective disclosure to encourage safe and sound banking
Pillar 1: Minimum Regulatory Capital The calculation of Minimum Regulatory Capital is extension of 1988 Basel Accord. Basel II also considers Operational Risk apart from Credit & Market Risk. Another major difference between Basel 1 and Basel II is inclusion of flexibility in approaches for Risk Weighted Assets Calculation. For calculation of Capital to Risk weighted Asset Ratio (CRAR), the formulae are similar to BASEL 1 accord. Total CRAR = [Eligible total capital funds]/ [Credit RWA + Market RWA + Operational RWA] Tier I CRAR = [Eligible Tier I capital funds]/ [Credit RWA* + Market RWA + Operational RWA]
RWA = Risk weighted Assets
Eligible Capital: The eligible capital includes Tier 1 (core) capital and Tier 2 (additional or supporting) capital. Tier 1 capital is more stable and risk absorbing than Tier 2 capital. Main components of Tier 1 & Tier 2 capital are:
BASEL III Basel III guidelines were released in December 2010. The financial crisis of 2008 was the main reason behind the introduction of these norms. A need was felt to further strengthen the system as banks in the developed economies were under-capitalised, over-leveraged and had a greater reliance on short term funding. Also the quantity and quality of capital under Basel II were deemed insufficient to contain any further risk. These norms aim at making most banking activities such as their trading book activities more capital intensive. The purpose is to promote a more resilient banking system by focusing on four vital banking parameters viz. Capital, Leverage, Funding and Liquidity.