competition Examination Important Topics

Axis Bank established in 1993 was the first of the new private banks to have begun operations in 1994 after the Government of India allowed new private banks to be established.Axis Bank Ltd. has been promoted by the largest and the best Financial Institution of the country, UTI. Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence. Axis bank, formerly known as United Trust of India (UTI) Bank, was the first of the new private banks to begin operations in 1994, after the Government of India allowed private banks to be established. AXIS Bank is one of the fastest growing banks in private sector.         The Bank operated into equity funds, trading operations, foreign exchange, retail banking, card services, Internet banking, automated tel...

ICICI ( The Industrial Credit and Investment Corporation of India Limited) Website:  www.icicibank.com Chairperson  - M K Sharma MD  - Chanda Kochhar Directors  - Rajiv Sabharwal, K Ramkumar, NS Kannan, Alok Tandon, V Sridar, V K Sharma, Tushaar Shah, M S Ramachandran, Homi Khusrokhan, Dileep Choksi The Industrial Credit and Investment Corporation of India Limited (ICICI) incorporated at the initiative of the World Bank, the Government of India and representatives of Indian industry, with the objective of creating a development financial institution for providing medium-term and long-term project financing to Indian businesses. Mr.A.Ramaswami Mudaliar elected as the first Chairman of ICICI Limited. ICICI emerges as the major source of foreign currency loans to Indian industry. Besides funding from the World Bank and other multi-lateral agencies, ICICI was also among the first Indian companies to raise funds from international markets. ICICI Ban...

HDFC Bank Full Form- The Housing Development Finance Corporation Limited. HDFC Bank incorporated in August 1994, HDFC Bank began operation in 1995, with a single misson - " World Class Indian Bank".    Nation (India) Wide Network- 4014 ATM'S - 11766 in 2464 town & Cities Headquarter- Mumbai Managing Director- Mr. Aditya Puri Deputy Managing Director - Mr. Paresh Sukthankar  President - Dr. Arun Shourie CEO (Chief Executive officer)- Mr. Kaushal Sampat Award Business Leader of 2015 - Mr. Aditya Puri Best in CSR (Customer Service Representative) on 2015 HDFC was ranked 45th on the list of top 50 Banks in the world in terms of their Market Capitalization.   HDFC Business Philosophy is based on 5 Core Values - 1) Operational Excellence 2) Customer Focus 3) Product Leadership 4) People 5) Sustainability Product  1) Account & Deposits 2) Money Transfer 3) Investment & Insurance 4) Research Reports 5) Payment Services Wholesale banking...

History of RBI:- Here we will examine the history of RBI in two parts – Pre-Liberalization & Post-Liberalization. Pre-Liberalization:  The Reserve Bank of India was conceptualized as per the guidelines, working style and outlook presented by Ambedkar in front of the Hilton Young Commission. The bank was set up based on the recommendations of the 1926 Royal Commission on Indian Currency and Finance, also known as the Hilton–Young Commission. The Central Office of the RBI initially established in Calcutta (now Kolkata),  was permanently moved to Bombay (now Mumbai) in 1937. After the  Partition of India  in 1947, the Bank served as the central bank for  Pakistan  until June 1948 when the  State Bank of Pakistan  commenced operations. Though originally set up as a shareholders’ bank, the RBI has been fully owned by the  Government of India  since its nationalization...

Important Banking Awareness Questions : 1. MICR code consists of how many digits? Ans: 9 digits. (First three digits denotes city, next three digits representing the bank and the last three digits representing the bank branch) 2. What is the minimum limit in RTGS system? Ans: 2 lakhs (there is no upper limit in RTGS) 3. What is full form of CTS? Ans: Cheque Truncation System 4. Under which service, customers may access their bank account and perform basic transactions from any of the member branch offices. Ans: Core Banking Solution (CBS) 5. Exchange of cash flow in different currency is known as: Ans: Currency Swap 6. Assets or loans which stop performing after 90 days is known as: Ans: Non Performing Asset (NPA) 7. Who controls the Monetary Policy in India? Ans: RBI (Reserve Bank of India) 8. Which card is issued by NPCI (National Payments Corporation of ...