01-01-2018, 04:29 PM
BANKING
*The word ‘bank’ is derived from ‘banco’, the Italian word for ‘bench’ where they exchanged money and bills.
*Modern Banking in India originated in the last decades of 18th century.
*First foreign bank in India
Ans : Comtorie Escompt de Paris of France in 1860
*Bank rate : The rate at which a central bank is prepared to lend Money to its domestic banking system.
*CRR (Cash Reserve Ratio) is the amount of fund that the banks have to keep with RBI.
*SLR (Statutory Liquidity Ratio) is the amount of a commercial bank needs to maintain in the form of cash or gold or government approved securities (Bonds) before providing credit to its customers.
*Soft loan : A loan at below market rate of interest.
*Collateral security is the security we provide to banks in order to get a loan.
*Banking transactions done with the help of internet is known as Internet Banking.
*Zurich in Switzerland is known as financial capital of Europe.
Repo & Reverse Repo
*Repo Rate : The rate at which banks borrow money from RBL
*Reverse Repo Rate : The rate at which RBI borrows money from the Banks.
Basic info
*The first bank in the world is established at Venice (1157) (Bank of Venice)
*The oldest bank still in existence is Monte dei Paschi di Siena (Italy) (1472)
*The first bank to begin the permanent issue of bank notes
Ans : Bank of England (1695)
*The first overdraft facility was set up by
Ans : Royal Bank of Scotland (1728)
*The first bank in India
Ans : Bank of Hindustan (1770)
*The oldest and first indigenous bank in India
Ans : Allahabad Bank (1865)
*The first complete indigenous bank in India
Ans : Punjab National Bank (1895)
*The first Private Bank in India
Ans : City Union Bank (1904)
Other Info
*Newly formed International financial institution that aims to support the building of infrastructure in the Asia - Pacific region
Ans : AIIB (Asian Infrastructure Investment Bank)
*Headquarters of AIIB
Ans : Beijing (China)
*The headquarters of BRICS (New develoment Bank) Bank
Ans : Shanghai (China)
*First,President of BRICS bank
Ans : K.V. Kamath (India)
ATM
*ATM refers to Automated Teller Machine.
*ATM was invented by Donald C. Wetzel
*The idea of ATM. was first putforward by Luther George Simjian
*The first automatic cash- dispenser was invented by
Ans : John Shephered Barron
*The first bank to introduce ATM. in India was H.S.B.C at Mumbai
*World’s first floating ATM. was set up by ‘State Bank of India’ (2004) in a Jankar boat operating between Kochi and Vypin.
*The World’s highest ATM. was near at Nathu- la-pass in Sikkim (at Thegu) (Axis Bank ATM)
*First ATM in Kerala started by
Ans : British Bank of Middle East (1992, TVM)
Headquarters of Nationalised Banks
*Andhra Bank -Hyderabad
*Allahabad Bank -Kolkata
*Bank of India -Mumbai
*Bank of Baroda -Vadodhara
*Bank of Maharashtra -Lokmangal (Pune)
*Canara Bank- Bengaluru
*Corporation Bank -Udipi .
*Central Bank of India -Mumbai
*Dena Bank -Mumbai
*Indian Bank -Chennai
*Indian Overseas Bank -Chennai
*Oriental Bank of Commerce -New Delhi
*Punjab National Bank -New Delhi
*Punjab Sind Bank -New Delhi
*Syndicate Bank -Manipal (Karnataka)
*Union Bank of India -Mumbai
*Uco Bank-Kolkata
*United Bank of India -Kolkata
*Vijaya Bank-Bengaluru
*Bharathiya Mahila Bank -New Delhi
New Info
*The Organization constituted to improove the administration of Nationalised talks
Ans : Bank Board Bureau (2016 April 1)
*First Chairman of Bank Board Bureau
Ans : Vinod Rai
No Confusion
*First anytime milk ATM established at,
Ans : Anand (Gujarat)
*First post office savings bank ATM. established at
Ans : Chennai
