During a heart transplant.
Doctor: $h!t
Nurse: what happened.
D: My mobile network is gone.
N: So?
D: I don't know what to do next.
N: Why.
D: I'm from IIN.
Nurse behosh...
😂😝😜
Diff betwen gnrl and obc cutoff min 3 mrks out of 100 and max 5.4 as po3
Yaar bahut time lag gaya...
G is second to the left of H andis on the immediate right of E
Ye step liya ....5 line draw ki ..phir jaake solve hua.
any quick way?
Eight friends A, B, C, D, E, F, G and H are sitting in astraight line facing north. H is on the immediate right of D,who is not at the end of the row. B is on the immediate leftof E but B is neither a neighbour of A nor sits at the ends ofthe row. C and E are not adjacent to each other. There arethree persons between B and H. A is adjacent to F, who is on the immediate left of C. G is second to the left of H andis on the immediate right of E
Till this afternoon i was very tensed abt results...after that happened to read some more cut off predictions..all of them showing the exit for me.....neither i am hopeful nor hopeless.....and now feeling bindass.....:P
Can anyone suggest a good nokia lumia phone under 7k...
Any suggestions puys??
I ve NIC AO exam on april 4 th (i really want an AO post ,,, really interested) ,,,i am about 2 months back in current affairs ,,, if at all i push myself to studies ,,,, i cant 😞 ,,,, my mind is on April 1 st IBPS results ,,, i cant study ...anybody with my situation ?
hey frnds plz reply me...actually i hv applied for central mp gramin bank (RRB) so will they upload the shortlisted candidates, for interview, on their website?? plz rep..
This is the message for which we all are waiting for....
"We are glad to inform you that based on your performance in the written examination and interview, the order of preferences registered by you on IBPS website www.ibps.in and the postwise vacancies available in Participating Organisations, you have been provisionally allotted to **************** BANK.....
too much now... They should declare results tomm.. 😞
SSC CGL 2013 Revised Result out.... Heart attack for some people. Heavy changes. Check it out guys.
Dear Readers,
In our previous article, we had a quick overview of the Banking sector. (To access the previous article, visit:
http://www.pagalguy.com/articles/banking-an-overview-32499451)
In this article, let us take a closer look at Banks. Banks in India are governed by the Banking Regulation act, 1949 and it is this act that defines the common terms associated with banking. Banks also come under some provisions of the Companies Act. Here are three of the most important terms associated with Banking:
Bank: A financial institution which is in the business of Banking.
Banking: Accepting deposits of money from the public for the purpose of lending or investment. Such moneys may be repayable on demand or otherwise and may be accessed by Cheque, demand draft, and money order or otherwise.
Banker: A Banker is one who performs the business of Banking. He is an intermediary and deals with money belonging to the public.
To better understand the workings of a bank, we need to take a look at the flow of money in a typical bank. The figure given here captures the flow of money in a bank. In this figure, the arrows point towards the direction of flow.
Different categories of inflow of money to a Bank:
a. Deposits
b. Debt including money borrowed under Repo rate, Bank rate mechanism, Marginal Standing Facility
c. Owner's Capital including Recapitalization fund
d. Interest on Reverse Repo, Foreign Exchange
e. Returns on Investment
f. Interest earned on Loans, Advances and overdraft
g. Restructured Loans
h. Dividends
Different categories of outflow of money from a bank:
a. Interest on deposits and bonds issued
b. Interest at Repo rate, Money kept with the RBI under Reverse repo, CRR and SLR
c. Foreign exchange
d. Tax paid
e. Investment
f. Loans, Advances and overdrafts
g. Money lost in Re-structuring of Loans
h. Dividends
Let us understand each of these categories.
Deposits: This refers to all of the deposits (funds) obtained from the general public in various types of accounts.
Debt: The money borrowed by the bank from various creditors is categorised as its debt. The sources of debt include promoters money, Bonds issued, money borrowed from the RBI through various mechanisms, such as Long term borrowing at Bank rate, or at repo rate, MSF, etc.
Owner's capital: The capital brought by the owners of the bank or the parent holding company. This also includes recapitalization funding. Recapitalization fund means funds released in order to change the capital structure of the Bank. This is usually done by the owners of the bank. The reasons for recapitalization may be large amount of debt raised by the bank - hence, a need to reduce debt-to-equity ratio - or meeting the capital requirement for banks as per Basel norms.
Interest under Reverse repo rate and from Foreign Exchange: A Reverse repo operation is when RBI borrows money from banks by lending securities to them. Reverse repo operations are used to absorb liquidity from the system. The interest rate paid by RBI in such cases is called the reverse repo rate.
Banks interact with the RBI for all of their need for foreign currency. Banks sell Indian rupees and purchase desired currencies at the prevailing rates. This is usually done either to fund their offshore branches or to provide loans to companies abroad, etc.
Returns on Investment: Banks usually invest moneys on various projects, depending on their investment priorities. Returns or earnings are received from these projects and investments.
Interest/fee earned on Loans, Advances and overdrafts: Banks are advised by the Reserve Bank of India to use a benchmark rate for lending. This rate is called the Base rate. The RBI provides the base rate on the basis of various factors. The base rate is the benchmark for lending operations of banks. It is the minimum rate of interest for banks to lend. It is not viable for banks to lend below this rate. The base rate is arrived at through a methodology that includes the following factors:
1. Cost of deposits, interest on the deposits of banks
2. Adjustment for not utilizing SLR, CRR
3. Unallocated overhead cost
4. Average return on net worth
Banks also charge interest on utilization of credit in the form of credit cards, overdrafts, etc. Apart from the interest, banks also charge a fee for providing overdrafts, advances, etc.
Restructured Loans: A loan for which the parties (lender and borrower) have agreed to alter the terms, usually in order to make them more favourable to the borrower, is known as a restructured loan. Restructuring of loans is done in order to prevent a default or when a loan is already classified as a non-performing asset. This is considered as a loss in the book of accounts and hence, if the loan is restructured, it results in a gain to the bank.
Dividends retained: Listed companies often do not provide dividends to their shareholders. Such funds (as would have been spent if dividends were given) may then be used by the company for further expansion, investment, etc.
Interest on Deposits and Bonds issued: Banks give interest on deposits depending on the type of deposit and the nature of deposit
Money for Reverse repo, Interest at Repo, MSF and SLR kept with the RBI, Foreign exchange: Reverse repo operations are those wherein the RBI borrows money from banks by lending securities. So money from banks is absorbed by the RBI in reverse repo operations.
Long term borrowing from RBI by banks is done at the Bank rate. In other words, the Bank rate is the rate at which the RBI lends to banks for the long term. There is no collateral for borrowing at the Bank rate.
Repo rate: Repo is a collateralized lending wherein banks borrow money from the RBI to meet short term needs. Such borrowing is done by selling securities to the RBI with an agreement to repurchase the same at a predetermined rate and date. The rate charged by Reserve Bank of India for this transaction is called the repo rate.
MSF: The Marginal Standing facility refers to the penal rate of interest at which banks can borrow money from the RBI over and above the limits available to banks through LAF (read repo).
SLR: It is a measure described in the Banking Regulation Act 1949 under which all scheduled commercial banks in India must maintain at least an amount equal to a fixed percentage of their total DTL/ Net Demand and time liabilities (NDTL) in one of the following forms:
a. Cash
b. Gold
c. Securities investments, including Treasury Bills, Dated securities under Market stabilization scheme, State development loans issued by State governments, other instruments as notified by the RBI.
Tax: Bank have to pay taxes to the government on the profits earned during each financial year.
Investment: Banks finance (and invest in) many projects. Such financing is generally termed as corporate loans. These loans are long term loans and may have terms as long as 10-20 years.
Loans, Advances and overdrafts: Banks provide many credit facilities to their borrowers. A common form of these is an overdraft, which is a facility granted to a customer whereby the customer can overdraw his current account up to a pre agreed limit.
Advances: Banks often pay money upfront to a payee on behalf of the borrower, usually in lieu of a letter of credit. This form of advances is commonly used in exports and in the transportation industry.
Loans: These are standard loans taken by consumers to fulfil their personal needs.
Money lost in Re-structuring of Loans: Whenever a borrower defaults in the payment of his loan and its interest, banks try to restructure the loan repayment scheme and make it more flexible. To allow this flexibility, banks lose money which should have been earned by them as per the original terms of the loan.
Dividends Paid: A listed company pays dividends to its shareholders in proportion to the profit earned by the company. This earning is measured by a metric known as Earning-per-share.
These are some of the most basic and commonly used terms in the Banking sector. Hopefully, this article would have helped you understand these terms and would have given you a better understanding of the functions performed by banks.
All the Best for your prep!
how to calculate written+intv. marks
keep calm IPL start hone se pehle result aa jayega
Source : My mind
Brock Lesner or Roman Reign...who you support in wrestlemania...... 😁 😛
next week is time bht s hum m s khushi mna rahey hongey or bht s gum.. kahin p hogi udasi or kahin chalegi rum .. wait nhi ho rha h jo hona h bs jaldi s ho jae .. its been a half year..ye sab karte or sochtey..lekin ek bat bolta hu apne credentials jaise hi dalte time dil to mu m hoga
filhaal to kalka match ka soch te hai....the crucial one 😃
"Aussies are really afraid of Ashwin,,and seeking Shane Warne's spin mantra to get rid of him...".
'WARNING$ $#$#$
"Don't try to watch tommorows big semifinal between India and Aus if you are a heart patient...because its going to be a nail biting match..We have to only see which team will have more patients"....
if I want to copy paste something here. How to do dat? I m unable to paste anything I want to. Kindly help.