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01. The first bank of limited liability managed by an Indian 1/2 BHK Flats In Panvel
national was Oudh commercial bank in 1881 www.HDFCRED.com/Mumbai
Project :Green Earth Residency Rs.13
02. Punjab National Bank was established in 1894
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03. Imperial Bank of India was the largest bank in the
country Citibank Credit Card
04. Imperial Bank of India was nationalized during 1955 citi.com/CreditCard
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and renamed as State Bank of India
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05. Seven SBI associate banks were formed during the year, 1959
06. The step towards social banking was taken during 19.07.1969 SBI Personal Loan
07. 14 banks were nationalized on 19.07.1969 www.paisabazaar.com/SBI-Bank
Apply Personal Loan in SBI. Get Best
08. 6 banks were nationalized during the second phase on 15.04.1980
Offers @Low Interest Rate!
09. The scheduled commercial banks are those banks which are
Included in the second schedule of RBI Act 1934
These banks have a paid up capital and reserves of an aggregate value of not less
than Rs. 5 lakhs
They got their banking licences through Banking regulation act 1949 for conducting
banking business
They have been registered either under companies act or cooperatives act
10. The following are the scheduled commercial banks:
All commercial banks public sector banks, SBI group, old and private sector
banks, foreign banks, regional rural banks, state cooperative banks
11. Non scheduled banks are those banks which are not included in the second
schedule of RBI act, 1934

RESERVE BANK OF INDIA

12. Reserve Bank of India is the central bank of the country
13. RBI was set up by on the basis of Hilton Young Commission recommendations
during 1st April, 1935
14. RBI was established by an act of Parliament during 1934
15. The first Governor was Sir Osborne Smith
16. RBI was nationalized during 1949
17. The first Indian Governor of Reserve Bank of India was CD Deshmuk
18. RBI has its head quarters at Mumbai
19. RBI has four regional centres at Mumbai, Kolkata, Chennai and Delhi
20. There are fourteen directors in central board of directors
21. Apart from the above, RBI has one governor, four deputy governors and one
government official
22. The following are the main functions of Reserve Bank of India:
Regulation of credit
Issue of currency notes and coins
Regulation of foreign exchange
Banker to the government and commercial bank
Lender of last resort

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Bankers bank
Agent of the government
23. Since 1952, the monetary policy of RBI emphasise on twin goals
Economic growth
Inflation control
24. The instrument of credit control by RBI can be bifurcated into:
Qualitative credit control/selective credit control
Quantitative credit control
25. Currency notes other than one rupee notes and coins are issued by RBI

FUNCTIONS OF RESERVE BANK OF INDIA

26. Reserve Bank of India has the following functions:

Traditional functions
Development functions
Regulatory functions
27. Traditional functions of RBI are:
Issue of currency
Forex management
Other functions which include: export assistance, clearing house operations,
exchange of currency, transfer of currency, publication of statistics and other
information, training in banking
28. The development banks include:
Agriculture development
Promotion of industrial finance
Promotion of export through refinance
Development of bill market
Development and reposition of banking system
29. The regulatory functions include:
Qualitative credit control
Bank rate
Differential rate of interest
Open market operations
Maintenance of CRR
Maintenance of SLR
Direct action
Credit authorization scheme
Moral persuasion
Verbal Reasoning Tests
BANKS IN INDIA Logical Sequence of Words Syllogism
Series Completion
30. 14 banks which were nationalized on 19.07.1969 are: Cause And Effect Dice
Central Bank of India Venn Diagrams
Verification of Truth
Bank of Maharashtra
Seating Arrangement
Dena Bank Character Puzzles
Punjab National Bank Direction Sense Test
Syndicate Bank Classification Data Sufficiency
Canara Bank Arithmetic Reasoning
Indian Bank
Indian Overseas Bank Non Verbal Practise Tests
Bank of Baroda SeriesAnalogy
Union Bank of India Classification
Allahabad Bank Analytical Reasoning
United Bank of India Mirror Images
United Commercial Bank Water Images
Bank of India Embedded Images
Pattern Completion
31. 6 banks which were nationalized on 15.04.1980 were:
Figure Matrix
Andhra Bank
Paper Folding
Punjab and Sind Bank Paper Cutting
Vijaya Bank Rule Detection
Corporation Bank Grouping of Images
Oriental Bank of Commerce Cubes and Dice
New Bank of India Shape Construction
32. New Bank of India merged with Punjab National Bank Image Analysis
33. Old private sector banks in the country are:
City Union Bank Limited
Tamilnadu Mercantile Bank Limited
SBI Commercial and International Bank Limited
Federal Bank Limited
Jammu and Kashmir Bank Limited
Karnataka Bank Limited
Karur Vysya Bank Limited
Lakshmi Vilas Bank Limited
Nainital Bank Limited
The Ratnakar Bank Limited
The South Indian Bank Limited
ING Vysya Bank Limited

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Catholic Syrian Bank Limited
Dhanalakshmi Bank Limited
34. The new private sector banks in the country are:
Axis Bank Limited
Development Credit Bank Limited
HDFC Bank Limited
ICICI Bank Limited
Indus Ind Bank Limited
Kotak Mahindra Bank Limited
Yes Bank Limited
35. The minimum capital for new private sector banks were fixed at Rs. 100 crore
36. The following include SBI group banks:
State Bank of India
State Bank of Hyderabad
State Bank of Travancore
State Bank of Bikaneer and Jaipur
State Bank of Mysore
37. The foreign banks in the country are: 32
38. Foreign banks have 310 branches across the country

QUANTITATIVE CREDIT CONTROL OF RESERVE BANK OF INDIA

39. The purpose of quantitative credit control are:

To control the volume of credit
To control the inflationary and deflationary pressures caused by expansion and
contraction of credit
40. The following are the different qualitative credit control strategies:
Bank rate
Cash reserve ratio
Statutory liquidity ratio
Repo rate
Open market operations
Reverse repo rate
41. Bank rate
It is called as the rediscount rate
It is the rate at which RBI gives finance to commercial banks
42. Cash reserve ratio is effective from 1962
43. According to CRR banks have to deposit with RBI CRR-cash without any floor rate
or ceiling rate
44. Statutory Liquidity ratio
It is the rate of liquid asset which all commercial banks have to keep in the form of
cash, gold and unencumbered approved securities equal to not less than 25 percent
of their total demand and time deposit liabilities
45. Repo rate is the rate at which RBI lends short term money to the banks against
the securities and it injects liquidity in the market
46. Open market operations:
Under open market operations, when RBI sells government securities in the market,
it withdraws money liquidity from the market and thus reduces volume of credit
leading to control of inflation
47. Reverse repo rate It is the rate at which banks park short term excess liquidity
with the RBI. Reverse repo rate withdraws liquidity from the market

QUALITATIVE CREDIT CONTROL RESERVE BANK OF INDIA

48. Qualitative/selective credit controls are used

To control and check the rising tendency of the prices of certain individual
commodities of common use
49. Three kinds of qualitative credit control measures are:
Minimum margins for lending against specific securities
Ceiling on the amount of credit for certain purposes
Discriminatory rate of interest charged on certain types of advances

FOREIGN PRESENCE
50. The following are the details about foreign presence of Indian Banks
22 Indian banks 6 private banks and 16 public sector banks
52 countries with a network of 244 offices as on 30.6.2011
SBI has the largest network of foreign offices followed by Bank of Baroda (August,
2011)
Among private sector banks, ICICI bank has the largest foreign presence

BANKING OMBUDSMAN

51. Banking Ombudsman scheme is in operation since 1995

52. Banking Ombudsman works under the control and supervision of Reserve Bank of
India
53. The scheme is applicable to all commercial banks, Regional Rural Banks and
scheduled cooperative banks in the country

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54. The Banking Ombudsman is currently having their offices at 15 centers

STATE BANK OF INDIA

55. Imperial Bank of India was created during the year 1921 by amalgamation of three
presidency banks called as Bank of Bengal, Bank of Bombay and Bank of Madras
56. Imperial Bank of India was renamed as State Bank of India and SBI was
nationalized during 1955
57. SBI has five subsidiaries namely:
State Bank of Bikaneer and Jaipur
State Bank of Hyderabad
State Bank of Mysore
State Bank of Patiala
State Bank of Travancore
58. State Bank of India is ranked 292 in the Fortune 500 companies and is one of the
four bigs ICICI Bank, Punjab National Bank,

PRIVATE SECTOR BANKS

59. Private sector banks can be called as old private sector banks and new private
sector banks
60. Banking regulation act 1949 was amended during 1993
61. Banking regulation act 1949 was again amended during 2001
62. 10 new banks were set up in the private sector after the 1993 guidelines and 2
new banks after 2001 revised guidelines
63. Top five private sector banks in the country as on date are:
ICICI Bank 1991 VADODARA
HDFC Bank 1994 Mumbai
Axis Bank 1994 Ahmedabad
Kotak Mahindra Bank 1985 Mumbai
Yes Bank 2004 Mumbai

CRITERIA FOR NEW PRIVATE SECTOR BANKS

64. Revised guidelines were enacted during 2001 for the establishment of new private
sector banks
65. The guidelines are:
The bank should have minimum networth of Rs. 100 crore
The promoters holding should be a minimum of 25% of the paid up capital
Within three years of the starting of the operations, the bank should offer shares
to the public
66. The first private sector bank to receive licence after 1993 economic reforms was
Housing Development Finance Corporation

PRIORITY SECTOR LENDING

67. Dr. K.S. Krishnaswamy chaired the working group on priority sector lending in the
country
68. The broad categories of advances under priority sector lending now include
agriculture, MSME sector, microcredit, education and housing
69. The priority sector lending targets have been fixed as mentioned below:
Domestic commercial banks 40% (Nationalised banks, SBI group and private
sector banks)
Foreign banks 32%
Regional Rural Banks 40%

DIFFERENTIAL INTEREST RATE SCHEME

70. Differential interest rate scheme was introduced during 1972

71. Public sector banks are required to fulfill the target of at least 1% of the previous
year advances
72. Loans should be weaker sections at 4% p.a.

S S S S M 12

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2 comments + comments +

Anonymous July 3, 2013 at 5:11 PM

Reply
Awesome work sir

Anonymous July 4, 2013 at 7:43 PM

Reply
Nice data. Thanks to provide

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