RBI

Origin of RBI. Who is the current governor, whom did he replace?

RBI vs SEBI vs IRDA: Name of their main bosses, Who controls what? NBFCs, MFI, Gold
Loans, ULIP, Mutual funds etc.
powers functions of RBI
How does RBI control the money supply?
Open market operations, MSF, liquidity adjustment facility
SLR, CRR, Repo, Reverse repo, bank rate
Priority sector lending: and its subsectors. How do they apply to Domestic bank vs foreign
bank?
Currency chest, Mint and press. Who signs coins and currency?
Measures of money supply
Foreign exchange management, components of forex reserves, approx. forex under RBI.
Powers under FERA/FEMA, Tarapore Committee on capital account convertibility
Banking regulation act and its recent amendment
Banking reform, Banking License, Narsimhan, BASEL.
Banks: Basics
What is bank? What are its functions? how is it different from an NBFC/NBFC-factor, Postoffice savings, Chit Fund, Nidhi etc?
Types of banks: commercial banks, regional rural banks, cooperative banks, investment
banks, development banks etc.
What is a Scheduled commercial bank?
Public sector versus private sector banks. Where does RTI apply?
IDBI, ICICI, IFCI, SIDBI, EXIM, NHB etc.
Bank nationalization, mergers and consolidations.
Names of chairman/CMD of big banks.
Basic GK related to banks: first commercial bank in India, first bank setup by Indians, origin
of SBI/ICICI, subsidiaries of SBI, etc.
Banking services
1.

Assets, liabilities and working capital of a bank.

2.

Demand liabilities vs time liabilities

3.

Bankers rights (lien). Know your customer (KYC) norms, Adhar Card enabled
payment, Money laundering, Benami transections

4.

Types of Bank customers and provisions related to them:

1.

Minor-Guardian, partnership firms

2.

HUF and karta

3.

NRI, PIO

4.

joint account holders

5.

Married Women

6.

partnership firm accounts

7.

public/private companies

8.

trusts and cooperatives

5.

Types of bank accounts and their features:

1.

current account, savings account

2.

term deposit account, fixed deposit,

3.

PPF, senior citizens account

4.

NRE-rupee account, FCNR account, RFC, EEFC, escrow account

5.

Allied topic: post office savings account and National savings certificate

6.

Unclaimed/dormant accounts, RBI provision for them, Death of customer, insolvent

customer, liquidation, Garnishee orders

7.

Types of negotiable instruments: bank draft, bank check, promissory note, warehouse
receipt, Treasury bills etc.

8.

Cheque:
1.

order/bearer/travel/bankers cheque

2.

endorsement, cheque-crossing,

3.

post-dated cheque, what if cheque-date is invalid (31st Feb) or holiday

(2nd Oct)?

4.

when Bank should not pay, cheque-dishonor (cheque-bouncing)

5.

MICR, Cheque truncation, new CTS-system

6.

Note refund rule, clan note-policy

9.

demand drafts, telegraphic transfers, safe deposit lockers

10.

ATM: PIN, HWAK, White Label ATM, third party ATM

11.

Debit card, credit card, smart card

12.

Mobile Banking, personal banking, tele-banking, corporate banking

13.

Online banking:
1.
2.

NEFT, RGTS, EFTS, Bankwire, E-commerce

networking among banks: INDONET, BankNET, RBINET, SWIFT, Point of
Sale (POS) terminal

3.

core-banking solutions

4.

Electronic signature and Information Technology Act

14.

Loans
1.

different type of loan products,

2.

Subprime lending

3.

mortgage, reverse mortgage, collaterals, stamp duty on loan documents

4.

lien, set-off

5.

Priority sector lending: and its subsectors. How do they apply to Domestic
bank vs Foreign bank?

15.

bank guarantee, letters of credit

16.

Banking Ombudman: powers functions, appeal structure and Consumer courts

17.

Bancassurance, cross-selling, universal / narrow / retail banking

Rural banking
1.

RBI vs NABARD

2.

Rural infrastructure development fund (RIDF) and budget-2013 allocation for RIDF

3.

financial inclusion and various government schemes associated with it (covered in my

economic survey summaries, available on mrunal.org/economy)

4.

regional rural banks, their amalgation

5.

cooperative banks

6.

micro-finance institutions (MFI)

7.

primary agricultural credit Society

8.

Banking correspondent agents (covered in my article)

9.

lead bank scheme, local area banks, service area approach

10.

Kisan credit card, interest subvention on crop-loans

#2: Banking Awareness (Current Affairs)

for this, youve to keep an eye on the newspapers + monthly current affairs in magazines.
Main focus areas:
1.
2.
3.
4.

RBIs monetary policy and key rates

Any committee made by RBI/government for Banking sector. Who is its chairman
and what is the purpose?
Any new directives to banks by RBI/Finance Ministry
Person in News: Any new appointments in RBI/Big Banks, Any Indian being
appointed in foreign banks

5.

Banking license, entry of foreign banks.

6.

When a big bank launches a new product

7.

Government schemes associated with financial inclusion/pension/insurance:

swabhiman, swavalamban etc.