BANKING SOLUTIONS !

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Banking TermsNBFCUnder UpdateUnder UpdateUnder UpdateI & EI BIFSBANKING CONCEPTReserve BankBANK LAWSB&FOIFODifference BtwnBanking SchemeP & P BanksNPACash MgmtCommercial BankingE-Banking & PaymentBanking Ins.Money Market & capital MarketBanks And Taglines-2History of Indian BankingAdditional Topics

Difference Between

Retail Banking vs Corporate banking

Difference Between Cheque and Demand Draft-

Difference Between Cheque and Demand Draft

Difference between NEFT and RTGS

Difference Between NEFT and ECS

Line of Credit vs Letter of Credit

Difference Between Overdraft and Cash Credit- Explained

Difference Between Overdraft and Loan

Dormant vs Frozen Account

Moratorium Period vs Grace Period

Difference Between APR rate and Note Rate

Difference Between National Income & Disposable Income

Difference Between NEFT and IMPS

Difference between Letter of Credit and Bank Guarantee

Secured Cards vs Unsecured Cards

Difference between SWIFT code and IFSC code

Difference Between Offshore and Onshore Banking

Difference Between Central Bank And Commercial Bank

Difference Between Direct Debit & Standing Order

Difference Between Charge and Mortgage

Difference Between Cross-selling & Up-selling

Difference between Fiscal Policy and Monetary Policy

Difference between Base Rate and Benchmark Prime Lending Rate

Base Rate and Differential Rate of Interest

Clean Note Policy of RBI- All You Need To Know

Devaluation of Currency vs Depreciation Currency

Difference Between Various NRI Accounts in India

Difference between FDI and FII- All you need to know

Payment Banks vs Small Finance Banks

Public Sector Banks vs Nationalized Banks

Primary Security vs Collateral Security

Real Exchange Rate vs Nominal Exchange Rate

Difference Between Bad Debt & Doubtful Debt

Difference Between Sinking Fund and Amortization

Difference Between Retained Earnings and Reserves

Difference Between Cheque and Bill of Exchange

Difference Between Bill Discounting & Factoring

Difference Between Banks and NBFC

Difference Between Bill of Exchange and Promissory Note

Commercial Bank vs Investment Bank

Difference Between Fixed and Flexible Exchange Rate

Difference Between NRE Account & NRO Account

Difference Between Interest Rate and Cash Rate

Fixed Deposit vs Recurring Deposit

Difference Between Interest and Dividend

Difference Between Liquidity And Solvency

Difference Between Fiat Money And Commodity Money

Difference Between Secured Loan & Unsecured Loan

Difference Between Micro Finance & Macro Finance

Difference between Repo Rate & Reverse Repo Rate

Small Finance Banks vs Commercial Banks

Difference Between Short Foreclosure & Short Sale

Difference Between Recession & Credit Crunch

Difference Between P.O.S & ATM Machine

Difference Between Revenue Deficit & Fiscal Deficit

Difference Between Cost of Living and Inflation

Difference between Balance of Payments and Balance of Trade

Difference between Money Market and Capital Market

Banks And Taglines-2

  1. State Bank of India (Group) tagline :- Pure banking nothing else ; With you all the way; The Nation banks                                                                            on us; A Bank to the common man; A banker to every Indian.
    2. IDBI Bank tagline :-                             Banking for All;      Aao Sochein Bada.
    3. Bank of Baroda Slogan :–                    India’s international bank.
    4. United Bank of India :-                        The Bank that begins with U.
    5. Punjab National Bank tagline :-          A Name you can Bank Upon
    6. Allahabad Bank tagline :-                     A tradition of trust.
    7. Yes Bank tagline:-                                 Experience our expertise.
    8. Axis Bank tagline :-                              Badhti ka nam zindagi.
    9. Citi Bank tagline :-                               Let’s get it done.

    10. Standard Chartered Bank Slogan – Your Right Partner.
    11. Andhra Bank tagline :-                 Where India Banks
    12. Bank of India Slogan :-               Relationships beyond banking.
    13. Bank of Rajasthan tagline:-        Together we Prosper
    14. Bank of Maharashtra :–              One family one bank.
    15. Canara Bank Slogan :-                 Together We Can ; It’s easy to change for those who you love
    16. Central Bank of India Slogan :- Build A Better Life Around Us; Central to you since 1911.
    17. Corporation Bank tagline:-          Prosperity for All.
    18. Dena Bank tagline :–                  Trusted Family Bank.
    19. Andhra Bank tagline:-                   Much more to do; With You in focus.
    20. Allahabad Bank tagline :-            A tradition of trust
    21. DBS Bank tagline :-                     Living, Breathing Asia
    22. American Express Bank Slogan :- Do more
    23. Indian Bank tagline :–                 Your tech friendly bank.
    24. HSBC Bank tagline –                     The World’s local bank.
    25. HDFC Bank tagline:-                     We Understand Your World.
    26. Indian Bank tagline:-                    Taking Banking Technology to Common Man; Your Tech-friendly bank.
    27. Royal Bank of Scotland :-                Make it happen.
    28. JPMorgan Chase Bank slogan :-   The right relationship is everything
    29. Indian Overseas Bank tagline :–   Good people to grow with.
    30. ICICI Bank tagline –                        Khayaal Apka; Hum hai na.
    31. Federal Bank tagline :-                    Your Perfect Banking Partner
    32. Oriental Bank of Commerce (OBC) :– Where every individual is committed.
    33. Syndicate Bank tagline :-               Your faithful & friendly financial partner
    34. UCO Bank tagline :-                        Honours Your Trust.
    35. Bhartiya Mahila Bank tagline :-    Empowering Women.
    36. BNP Paribas tagline :-                    The bank for a changing world.
    37. Barclays Bank :-                               Fluent in finance.
    38. South Indian Bank :-                       Experience Next Generation Banking
    39. Union Bank of India tagline :-       Good People to Bank with.
    40. The Economic Times :-                   Knowledge is Power
    41. Deutsche Bank –                                A passion to perform
    42. Vijaya Bank tagline:-                       A Friend You can Bank Upon.
    43. J & K Bank tagline:-                         Serving to Empower.
    44. Karur Vysya Bank :-                         Smart way to Bank.
    45. Punjab and Sindh Bank Slogan :- Where series is a way of life
    46. Scotia Bank  :-                                   You’re richer than you think.
    47. Syndicate Bank tagline :-                 Your Faithful And Friendly Financial Partner
    48. Lakshmi Vilas Bank :-                      The Changing Face of Prosperity.

  2. SBI Associate Banks Taglines, Slogans, Punchlines.
    49. IndusInd Bank tagline-                     We Care… Dil Se; We Make You Feel Richer.
    50. State Bank of Mysore tagline :-        Working for a better tomorrow.
    51. State Bank of Patiala :-                       Blending Modernity with Tradition.
    52. State Bank of Travancore :-              A Long Tradition of Trust.
    53. State Bank of Hyderabad :-               You can always bank on us..
  3. Private Banks Taglines:
    54. Dhanalakshmi Bank :-                        Tann. Mann. Dhan.
    55. Centurion Bank of Punjab :-              To rejoice working, join us
    56. City Union Bank :-                               Trust and Excellence since 1904
    57. Catholic Syrian Bank :-                       Support All the way.
    58. ING Vysya Bank :-                               Jiyo easy
    .
  4. Other Banks:
    59. Jammu & Kashmir Bank:-                Serving to Empower
    60. Karnataka Bank:-                                Your family bank across India
    61. Kotak Mahindra Bank :-                     Lets make money simple
    62. Nainital Bank :-                                    Banking with personal touch
    63. Saraswat Bank:-                                    Service to the Common ManForeign Bank Taglines:-
    64. Scotia Bank:-                                          You‟re richer than you think
    65. Bank of Ceylon:-                                     BOC-the Bank you can trust
    66. Standard Chartered Bank:-                  Your Right Partner
    67. BNP Paribas Bank:-                               The bank for a changing world
    68. Citi Bank:-                                                The Citi never sleeps
    69. HSBC:-                                                      The world‟s local bank
    70. China Trust Commercial Bank:-          We Are Family
    71. JPMorgan Chase Bank:-                         The right relationship is everything
    72. ABN-AMRO Bank :-                                Making More Possible
    73. Abu Dhabi Commercial Bank:-             Our Vision. Your Future.
    74. Deutsche Bank:-                                       A Passion to Perform

History of Indian Banking

Banking history of India is divided into two major categories – 

 Pre-Independence Banking History

 Post-Independence Banking History

Pre-Independence Banking History

The origin of modern Banking in India dates back to the 18th century. Banking Concept in India was brought by Europeans.  Bank of Hindustan was established in 1770 and it was the first bank at Calcutta under European management.

 Note: It was liquidated during the period of 1829-32.

 General Bank of India was established in 1786 but failed in 1791.  On June 2, 1806 the Bank of Calcutta was established in Calcutta. It was the first Presidency Bank during the British Raj.

 Note: On January 2, 1809 the Bank of Calcutta renamed as the Bank of Bengal.  On 15th April, 1840 the second presidency Bank, Bank of Bombay was established in Bombay.  On 1 July 1843 the Bank of Madras was established in Madras, now Chennai. It was the third Presidency Bank during the British Raj. These Presidency banks worked as quasi central banks in India for many years under British Rule.

 Allahabad Bank was established in 1865 and working even today. It is the oldest Joint Stock bank in India but it was not the first thought. That honour belongs to the Bank of Upper India, which was established in 1863 but this bank became defunct in 1913.

 Note : Allahabad Bank is the oldest Public Sector Bank in India having branches all over India and serving the customers for the last 145 years.  The Comptoire d’Escompte de Paris opened a branch in Calcutta in 1860.

 HSBC established itself in Bengal in 1869. Calcutta was the most active trading port in India, mainly due to the trade of the British Empire, and so became a banking center. In 1881, Oudh Commercial Bank was established at Faizabad. It was the first bank of limited liability managed by Indians. After Independence, in 1958 this bank failed.

 In 1895 Punjab National Bank was established in Lahore in Punjab province of Undivided India. It was the first bank purely managed by Indian.  The first Indian commercial bank which was wholly owned and managed by Indians was Central Bank of India which was established in 1911.

 Note : Central bank of India was also called India’s First Truly Swadeshi bank. The Swadeshi movement inspired local businessmen and political figures to found banks of and for the Indian community.  The period between 1906 and 1911 thousands of Banks were established in India. Many of those banks established then have survived to the present such as Bank of India, Corporation Bank, Indian Bank, Bank of Baroda, Canara Bank and Central Bank of India.

 At least 94 banks in India failed between 1913 and 1918 due to economic crisis during World War I.

 On 27th January, 1921 Bank of Calcutta, Bank of Madras and Bank of Bombay were amalgamated to form Imperial Bank of India.

 In 1926 Hilton-Young Commission submitted it’s report.  In 1934 Reserve Bank of India act was passed.

 On the recommendation of Hilton-Young Commission, on 1st April 1935 Reserve Bank of India was established.

Post-Independence Banking History

 Immediately after the Independence, the partition of India in 1947 adversely impacted the economies of Punjab and West Bengal by paralyzing banking activities for months. With end of British rule in India marked the end of a regime of the Laissez-faire for the Indian banking sector.

 To streamline the functioning and activities of commercial banks the Banking Companies Act was passed in February 1949, which was subsequently amended to read as Banking Regulation Act, 1949. This Act provided the legal framework for regulation of the banking system by RBI. The Reserve Bank of India was vested with major powers for the supervision of banking in India as the central banking authority. With a view to bring commercial banks into the mainstream of economic development with definite social obligations and objectives, the government decided to nationalize 14 major commercial banks on 19th July, 1969.

The names of these banks are as under :

  1. The Allahabad Bank
  1. The Bank of Baroda
  1. The Bank of India
  1. The Bank of Maharashtra
  1. The Canara Bank
  1. The Central Bank of India
  1. The Dena Bank
  1. The Indian Bank
  1. The Indian Overseas Bank
  1. The Punjab National Bank
  1. The Syndicate Bank
  1. The Union Bank of India
  1. The United Bank of India
  1. The United Commercial Bank

 As a result of nationalization, 85 percent of the banking business in terms of deposits was brought under public control. On 15th April 1980, 6 more private sector commercial banks (with deposits of over Rs. 200 crores) were nationalized.

The names of these banks are as under :

  1. The Andhra Bank
  1. The Corporation Bank
  1. The New Bank of India (merged with Punjab National Bank in 1993)
  1. The Oriental Bank of Commerce
  1. The Punjab and SIndh Bank
  1. The Vijaya Bank

Thus, 20 private sector commercial banks were nationalized and over 90 percent of banking activity in the country was brought under the public sector and it brought down the inequalities of income and wealth and to ensure greater social justice.

 Based on the recommendations of Narasimhan Committee (1975) report, the Govt. of India began to establish a number of Regional Rural Banks (RRB's) from October 1975 and onwards.

 In the year 1985, the name of United Commercial Bank was changed as UCO Bank.

 On 19th November 2013 on the occasion of the 94th birth anniversary of former Indian Prime Minister Indira Gandhi, the First women Bank of India , ‘Bharatiya  Mahila  Bank’  was established.

Indian Banking History,       6

Bankers & Their Slogans !!

Learn From Map

UNIT 1-GS- Know Everything About GST e-way Bill

UNIT 2 – BANKING – The Asian Infrastructure Investment Bank

UNIT 3 – BANKING – (ASIAN DEVELOPMENT BANK)

UNIT 4 – BANKING – (INTERNATIONAL MONETARY FUND)

UNIT 5 – BANKING – NABARD

UNIT 6 – BANKING – MUDRA Bank

UNIT 7 – BANKING – New Development Bank (NDB)

UNIT 8 – BANKING – World Bank Group

UNIT 9 – BANKING – Regional Rural Banks

UNIT 10 – BANKING – Reserve Bank of India and its policy Rates

UNIT 11 – BANKING – Special Economic Zone

UNIT 12 – BANKING – Benami Property

UNIT 13 – BANKING – ALL ABOUT NBFC’S

UNIT 14 – BANKING – A Brief on CURRENCY SYSTEM IN INDIA

UNIT 15 – BANKING – A Brief on FOREIGN EXCHANGE RESERVES

UNIT 16 – BANKING – FINANCIAL INCLUSION

UNIT 17 – BANKING – BANKING PATHWAY 2015- MONEY MARKET

UNIT 18 – BANKING – Banking Pathway – Cheques and Types

UNIT 19 – BANKING – BANK MEIN ACCOUNT KHULWANA HAI KYA – TYPES OF BANK ACCOUNT

UNIT 20 – BANKING – Short notes on Accounts for NRI-PIO in India

UNIT 21 – BANKING – Banking Awareness- All About NPAs

UNIT 22 – BANKING mein pehli baar- The First Among All Banks

UNIT 23 – BANKING – ANY TIME MONEY provide karta hai- ATM’s & WLA’s

UNIT 24 – BANKING Important Banking Terms

UNIT 25 – Banking Awareness- Monetary Policy of India

UNIT 26 – BANKING – Short Notes on CBS…

UNIT 27 – BANKING AWARENESS

UNIT 28 – BANKING AWARENESS 2

UNIT 29 – BANKING – Takeaways from Demonetization- Long Term Goals

UNIT 30 – BANKING – What Is Budget

UNIT 31 – BANKING – DEMONETISATION- Changing Face of INDIAN ECONOMY 

SECTION 2

B 1 -High-Level Order & Ranking Quiz

B 2- High-Level Order & Ranking Quiz Part-4

B 3- High-Level Order & Ranking Quiz

B 4- High-Level Order & Ranking Quiz

B 5- Seating Arrangement Quiz

B 6- Seating Arrangement Quiz

B 7- Seating Arrangement Quiz

B 8- Seating Arrangement Quiz

B 9- Seating Arrangement Quiz

B 10- Seating Arrangement Quiz

B 11- Seating Arrangement Quiz

B 12- Seating Arrangement Quiz

B 13- Seating Arrangement Quiz

B 14- Seating Arrangement Quiz

B 15- Seating Arrangement Quiz

B 16- Seating Arrangement Quiz

B 17- Seating Arrangement Quiz

B 18- Seating Arrangement Quiz

B 19- Inequality

B 20- Inequality

B 21- Inequality

B 22- Inequality

B 23- Inequality

B 24- Inequality

B 25- Inequality

B 26- Inequality

B 27- Inequality

B 28- Direction Sense

B 29- Direction Sense

B 30- Direction Sense

Section 3

UNIT 1 – GST- The Big Bang Tax Reform of Indian Economy

Insolvency and Bankruptcy Code, 2016

Pros and Cons of FDI in India

MUCH MORE TO COME

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