Banking Material

2014

Ravi

Handa

Banking Awareness for IBPS PO

http://handakafunda.com/ibps-po-2014-exam-preparation-online-coaching/

Hi, I am Ravi Handa and I have been teaching for various competitive exams for around a decade. I recently started an online course for IBPS PO 2014 exam which is available on my website www.handakafunda.com It not only covers the traditional areas for competitive exams like Reasoning and English Language but lays additional emphasis on sectors like Data Analysis & Interpretation, Banking Awareness and Marketing Aptitude. This e-book is a part of that course. The course is priced at 999 Rs. Only and along with 100+ videos, it also includes 10 full length mock tests to help an aspirant prepare for the same. I hope you will enjoy this ebook and I would love to hear your feedback. You can email me on [email protected] and call me on 09765142632. You can check out my course specially designed for IBPS PO 2014 here: http://handakafunda.com/ibps-po-2014-exam-preparation-online-coaching/


Present Heads of Financial Institutions

Organization Designation Name

Allahabad Bank Chairman & MD Rakesh Sethi

Axis Bank MD & CEO Shikha Sharma

Bank of Baroda Chairman & MD S S Mundra

Bank of India Chairperson & MD Vijayalakshmi R. Iyer

Bombay Stock Exchange MD & CEO Ashishkumar Chauhan

Canara Bank Chairman & MD R K Dubey

Central Bank of India Chairman & MD Rajeev Rishi

Crisil MD & CEO Roopa Kudva

Federal Bank MD & CEO Shyam Srinivasan

HDFC MD Renu Sud Karnad

HDFC Vice Chairman & CEO Keki Mistry

HDFC Bank Chairman C M Vasudeva

HDFC Bank MD Aditya Puri

HSBC India Country Head Naina Lal Kidwai

ICICI Bank Chairman K V Kamath

ICICI Bank MD & CEO Chanda Kochhar

ICRA Chairman & CEO P K Choudhury

IndusInd Bank Chairman R. Seshasayee

Kotak Mahindra Bank Vice Chairman & MD Uday Kotak

Life Insurance Corporation Chairman S K Roy

Multi Commodity Exchange MD & CEO Manoj Vaish

NABARD Chairman H K Bhanwala

National Stock Exchange MD & CEO Chitra Ramkrishna

Oriental Bank of Commerce Chairman & MD S L Bansal

Punjab National Bank Chairman & MD K R Kamath

Reserve Bank of India Governor Raghuram Rajan

State Bank of India Chairperson Arundhati Bhattacharya

Yes Bank MD & CEO Rana Kapoor


Timeline of Indian Banking

1875 Bombay Stock Exchange 1895 PNB 1906 Bank of India, Canara Bank 1908 Bank of Baroda 1911 Central Bank of India 1935 Reserve Bank of India 1943 Oriental Bank of Commerce 1955 ICICI Bank, SBI 1956 LIC 1977 HDFC 1995 Axis Bank 2003 MCX

--- Turn of the Century ---

--- Independence Day (1947) ---

--- Declaration of the Emergency (1975) --- ---


Taglines of Financial Institutions

Company Slogan

Allahabad Bank A Tradition of Trust

Bank of Baroda India's International Bank

Bank of India Relationship beyond Banking

BNP Paribas The bank for a changing world

Bombay Stock Exchange Experience the New

Dena Bank Trusted Family Bank

Deutsche Bank Passion to Perform

Ernst and Young Building a better working world

HSBC The world's local bank

Max New York Life Insurance Khushiyon ki Planning

MCX Trade with Trust

Oriental Bank of Commerce Where every individual is committed

Punjab National Bank The name you can bank upon

State Bank of India Safe Banking with SBI

UCO Bank Honours Your Trust

Union Bank of India Good people to bank with

Vijaya Bank A friend you can bank upon

Central Bank of India Central to you since 1911

Mastercard There are some things money can't buy


Business and Economic Abbreviations

AAGR: Average Annual Growth Rate

AAR : Average Annual Return

ADR : American Depository Receipts

AGM : Annual General Meeting

ADSL: Asymmetric Digital Subscriber Line

ASSOCHAM : Associated Chambers of Commerce and Industry

B2B : Business to Business

B2C : Business to Consumer

BPO : Business Process Outsourcing

BPR : Business Process Re-engineering

BSE : Bombay Stock Exchange

CAGR : Compounded Annual Growth Rate

CEO : Chief Executive Officer

CFO : Chief Financial Officer

CII : Confederation of Indian Industries

CRISIL : Credit Rating Information Services of India Ltd.

CRR : Cash Reserve Ratio

EMI : Equated Monthly Installment


EPS : Earnings Per Share

ESOP: Employee Stock Ownership Plan

FDI : Foreign Direct Investment

FICCI : Federation of Indian Chambers of Commerce and Industry

FII: Foreign Institutional Investor

GDP: Gross Domestic Product

GDR: Global Depository Receipt

GNP: Gross National Product

ICRA: Investment Information and Credit Rating Agency of India

IPO: Initial Public Offering

JIT: Just In Time

JV: Joint Venture

KPI: Key Performance Indicators

LIBOR: London Inter-bank Offered Rate

LIFO: Last In, First Out

M1: Money supply with public

MNC: Multi National Corporation

MOU: Memorandum of Understanding

NABARD: National Bank of Agriculture and Rural Development


NASDAQ: National Association of Securities Dealers Automated

Quotation

NASSCOM : National Association of Software and Service Companies

NAV : Net Asset Value

NPA : Non Performing Assets

NSE : National Stock Exchange

NYSE : New York Stock Exchange

OPEC : Organisation of Petroleum Exporting Countries

PLR : Prime Lending Rate

PPP : Purchasing Power Parity

RBI : Reserve Bank of India

SEBI : Securities and Exchange Board of India

SENSEX : Sensitivity Index (of Share Price on BSE)

SEZ : Special Economic Zone

SLR : Statutory Liquidity Ratio

SME : Small and Medium Enterprises

SWOT : Strengths, Weakness, Opportunities and Threats

VAT : Value Added Tax


Miscellaneous Information

Axis Bank Founded In: 1995 Founder(s): Government of India HQ: Mumbai Trivia:

The name of the bank was changed from UTI because of the pressure on UTI Bank to shed its brand name after the split of the erstwhile UTI. There were several other companies using the UTI brand and the board members wanted to separate themselves from the other entities. Another reason, which is often cited, is that the board members wanted to show that they are a private bank, an image that the name UTI failed to convey.

Shikha Sharma was in line for the top post at ICICI before she moved to Axis Bank as CEO in 2009

Bank of Baroda Founded In: 1908 Founder(s): Government of India HQ: Mumbai, India Trivia:

Sayajirao Gaekwad III, Maharaja of Baroda State, set up Bank of Baroda with its first branch in Ahmedabad.

Bank of India Founded In: 1906 Founder(s): Government of India HQ: Mumbai Trivia:

Sassoon David, the lead promoter, came from the Baghdadi Jew community.

Ratanji Dadabhoy Tata was on the first Board of Directors of BoI.

At least three other banks had used the name Bank of India prior to this and had failed. They were incorporated in Kolkata in 1828, London in 1836 and Mumbai in 1864.

Bombay Stock Exchange Founded In: 1875 Founder(s): - HQ: Dalal Street, Mumbai Trivia:


The Bombay Stock Exchange is the oldest exchange in Asia.

The BSE is currently housed in Phiroze Jeejeebhoy Towers at Dalal Street, Fort area.

The word SENSEX (SENSitive indEX) was coined by Deepak Mohoni to represent the BSE30 stocks.

One of the long-lasting traditions on the BSE is of Muhurat Trading in which brokers trade for a period of one hour on Diwali evening. It dates back to over a century when the BSE began.

It started when 4 Gujarati and 1 Parsi stockbroker would gather under banyan trees in front of Mumbai's Town Hall. The group eventually moved to Dalal Street in 1874 and in 1875 became an official organisation known as 'The Native Share & Stock Brokers Association'.

Canara Bank Founded In: 1906 Founder(s): Ammembal Subba Rao Pai HQ: Bangalore Trivia:

It opened a 'Mahila Banking Branch', first of its kind at Bangalore, for catering exclusively to the financial requirements of women clientele.

Central Bank of India Founded In: 1911 Founder(s): HQ: Mumbai Trivia:

It claims to have been the first commercial Indian bank completely owned and managed by Indians.

HDFC Ltd. Founded In: 1977 Founder(s): Hasmukhbhai Parekh HQ: Mumbai Trivia:


At 68, when Hasmukhbhai Parekh had already received many honours and was stepping down from ICICI, he started a new institution, the HDFC, the first of its kind for housing finance in India.

HDFC Bank Founded In: 1994 Founder(s): HDFC HQ: Mumbai ICICI Bank Founded In: 1955 Founder(s): World Bank, the Government of India and representatives of Indian industry HQ: Mumbai Trivia:

ICICI Bank and Mohun Bagan have presented the ICICI Bank Mohun Bagan Credit Card. They are the third club in the world to have launched a co-branded credit card in their name after Manchester United and Barcelona FC.

Life Insurance Corporation of India Founded In: 1956 Founder(s): Government of India HQ: Mumbai Trivia:

In 1955, parliamentarian Amol Barate raised the matter of insurance

fraud by owners of private insurance companies. In the ensuing

investigations, one of India's wealthiest businessmen, Ram Kishan

Dalmia, owner of the Times of India newspaper, was sent to prison

for two years. This led to the creation of LIC by consolidating the life

insurance business of 245 private life insurers and other entities

offering life insurance services.

Multi Commodity Exchange Founded In: 2003 Founder(s): HQ: Mumbai, India Trivia:


The highest traded commodity in MCX is Gold.

MCX is India's No. 1 commodity exchange with 83% market share in 2009.

It is currently going through a turmoil

Oriental Bank of Commerce Founded In: 1943 Founder(s): Late Rai Bahadur Lala Sohan Lal HQ: Delhi, India Trivia:

It was founded in Lahore but the headquarters had to be shifted to Amritsar because of partition. The then chairman, Karam Chand Thapar (who also founded the Thapar Group) in a unique gesture honoured the commitments made to the depositors from Pakistan and paid every rupee to its departing customers.

Punjab National Bank Founded In: Lahore (1895) Founder(s): Sardar Dayal Singh Majithia, Lala Lalchand, Kali Prosanna Roy, Lala Harkishan Lal, EC Jessawala, Lala Prabhu Dayal, Bakshi Jaishi Ram, Lala Dholan Dass HQ: New Delhi, India Trivia:

Lala Lajpat Rai was one of the founding fathers of PNB. He was also the first to open an account with the bank when it was founded in Lahore.

It started with an ambition of a Swadeshi Bank with Indian capital and management representing all sections of the Indian community.

Reserve Bank of India Founded In: 1935 Founder(s): Government of India HQ: Mumbai Trivia:


After India-Pakistan partition, the Reserve Bank served as the central bank for Pakistan until June 1948 when the State Bank of Pakistan commenced operations.

The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission.

Reserve Bank of India, Delhi has sculptures of the Yaksha and the Yakshini representing mythical beings attendant on Kuber, the God of Wealth.

State Bank of India Founded In: 1955 Founder(s): Government of India HQ: Mumbai, Maharashtra, India Trivia:

The symbol of State Bank of India is a circle and not a keyhole and a small man at the centre of the circle. Circle depicts perfection and the common man being the centre of the banks business.

The Bank of Calcutta, and two other Presidency banks, namely, the Bank of Bombay and the Bank of Madras were amalgamated and the reorganized banking entity was named the Imperial Bank of India on 27 January 1921. The Reserve Bank of India, which is the central banking organization of India, in the year 1955, acquired a controlling interest in the Imperial Bank of India and the Imperial Bank of India was christened on 30 April 1955 as the State Bank of India.

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