⭕ CIBIL TransUnion Score and Credit Information Report (CIR) is used in the loan approval processes.
⭕. After every Quarter the Base rate of each bank is to be reviewed.
⭕. Govt. of India is a Largest shareholder of a nationalized bank.
⭕Public Sector Banks are required to pay 40% of their net bank credit to Priority Sector in advance.
⭕. Certificate of Deposits can be issued for a maximum period of 365 days.
⭕. Full form of SEPA is Single Euro Payments Area.
⭕. “Banking with personal touch” is the tagline of Laxmi Vilas Bank.
⭕. AMRUT (Atal Mission for Rejuvenation and Urban Transformation) to be introduced in the cities and towns, where the population is One lakh and above.
⭕. What is the minimum denomination of Treasury bills to issue in India-Rs. 25,000
⭕. Rs. 50000 is the maximum amount per transaction NEFT limit for cash-based remittances to Nepal.
⭕. Department of Economic Affairs is part of Ministry of Finance.
⭕. Opening the Saving Bank Account of a minor girl will be called as Retail Banking in Banking terminology.
⭕. In year 1935, the Reserve Bank of India was established.
⭕. Interest rate swap terms is used in banking industry.
⭕. Union Bank of India was inaugurated by Mahatma Gandhi in 1919.
⭕ The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called as Excess reserves.
⭕. Banking abbreviation ‘MSF’ stand for Marginal Standing Facility (MSF) rate.
⭕Direct Bank is the term for a bank without any branch network that offers its services remotely.
⭕ The Pre Shipment finance is provided by the banks only to Exporters.
⭕. Punjab National Bank is the first Indian bank that started solely with Indian capital investment.
⭕ CRISIL is India's leading rating agency.
⭕. After State Bank of India, Punjab National Bank has the largest number of offices.
⭕. Rs. 10 denomination were India's first bimetallic coins issued in the year 2009.
⭕ Part of company’s earning or profit which is paid out to share holders is known as Dividend.
⭕ Duration of Public Provident Fund (PPF) account is 15 years.
⭕Banking terms 'FRBM' means Fiscal Responsibility and Budget Management.
⭕. The ability of commercial banks to increase their deposits by expanding their loans and advances is known as Credit Creation.
⭕. HSBC was the first bank to introduce ATM in India.
⭕. ICICI Bank launched smart star account.
⭕. According to accepting public deposits, NBFCs can be classified into 2 broad categories.
⭕. External Commercial Borrowings (ECBs) form part of Capital Account.
⭕. IDBI was established in 1964.
⭕ ‘MAT’ is an acronym stands for Minimum Alternate Tax.
⭕. Insurance cover for bank deposits in our country is provided by Deposit Insurance and Credit Guarantee Corporation (DICGC).
⭕. Union Budget is always presented in the month of February.
⭕. For Day-to-day business customer, institutions or personnel needs Current accounts.
⭕. In banking term 'CBS' stand for Core banking Solution.
⭕. Financial inclusion is meant for Less privileged persons.
⭕. Bank Currency Notes Issuance, Government's Banker, Banker's Bank and Bank's Supervision is the main functions of RBI .
⭕ Life Insurance corporation (LIC) was established in 1956