Attention: Our website www.ibps-news.blogspot.com has become now www.ibps-news.com. Always type www.ibps-news followed by (.com). Be aware of fraud websites.

Short Notes on Different Banking Rates of RBI



Candidates who are preparing for the banking interview or banking exam they should have a clear knowledge about different banking rates in Indian banking system. Here we have updated all Banking Rates' basic definition.


Different Indian Banking Rate:
bank rates in India
In Indian banking system there are 6 types of banking rates.
  • CRR-Cash Reserve Ratio
  • Repo-Rate
  • Reverse Repo Rate
  • Bank Rate
  • MSF- Marginal Standing Facility
  • SLR- Statutory Liquidity Ratio


Details about Different Indian Banking Rates

Cash Reserve Ratio (CRR): 

Commercial banks have to hold as reserves certain some of percentage of money either in cash or as deposits with the central bank means RBI.

RBI decreases CRR for the economic growth of our country.There is no maximum or minimum limit of CRR.


Repo-Rate : 

RBI lends to the commercial bank to meet their short term needs.


Reverse Repo Rate : 

RBI borrow money from commercial bank for keeping securities as collateral.


Bank Rate  :

RBI charge certain interest rate on commercial bank for long term loan for rediscounting of the bills and commercial paper.


Marginal Standing Facility (MSF) : 

Scheduled bank borrow funds overnight from RBI against approved government securities. This loan is provided for only 1 day.


Statutory Liquidity Ratio : 

Commercial bank deposits government securities gold and cash as SLR. The maximum SLR rate 40 %. The minimum loan approved by RBI under MSF 1 Crore.

Hope these will be useful and helpful for you.


Related Banking Awareness Notes-
Read more ...

Banking Awarness about Budgetary Concept



Today we are discussing about banking awareness related to budgetary concept. It will be very useful for upcoming IBPS, SBI, RBI, UPSC, SSC, NICL etc exams.

Budget Concept Related to Banking Awareness

In banking sector BUDGET is a correlated terms. There are some Budget related terms which are describe below;

Budget :

The budget is an annual financial statement of India’s finance about expenditure and receipts of the government. The budget calculate from 1st April to 30th March. The budget some times calls Money Bill. It is presented by Finance Ministry of India in the Lok Sabha after sanctioned by the Parliament. 

budgetary conceptRevenue Budget :

Revenue Budget means in Indian Financial system those money helps in economic growth and development of various business and organization. Direct taxes and indirect taxes both come under revenue budget. It is basically profit making activities in finance.

Capital Budget :

Capital Budget means such types of money those are long term related to the government. It is basically related to the profit making policy of the organization. It also covers capital receipts and capital expenditure.

Deficit:

Deficit is a important and correlated terms of Indian financial system. It is such a amount which is difference between capital and total expenditure. GDP rate if India depends on this deficit system.

Deficit may be classified in 3 types;

1. Budgetary Deficit
2. Fiscal Deficit
3. Current Account Deficit

1. Budgetary Deficit

Budgetary Deficit means excess of money in public related expenditures and receipts. It also called National Deficit.


2. Fiscal Deficit:

Fiscal Deficit in financial system basically it denote positive event. Fiscal Deficit means a gap between total expenditure and total receipts.


3. Current Account Deficit:

It also a financial measurement in a country. It can be defined by country’s import are grater than country’s export goods. It also may be called that it is basic cause of fiscal deficit.


Zero-Based Budgeting :

It is a naval technique to guard against wastage in public expenditure. It is based on philosophical when expenditure at the time of review is Zero ( 0). 

Overall all above budgetary terms are correlated with banking industry in our country. India and our country’s financial system is also controlled by these terms.


That's all! We hope it will be helpful for your upcoming competitive exams. Don't forget to share whether you have liked or not.


Related Banking Awareness Notes-
Read more ...

Different Banking Rates till March 2015



Today we are going to share here different banking rates implemented by Reserve Bank of India till March, 2015. These banking rates contains both present and previous rates. The banking rates are- Repo Rate, Reverse Repo Rate, CRR, SLR, Bank Rate, MSF.

Current Banking Rates as on March, 2015 (with Previous Rates)

Hope this will be very useful for your upcoming banking recruitment written/ online test and interview as well.


Current Rate (in %)
Previous Rate (in %)
CRR
4
4
Repo Rate
7.50
8
Reverse Repo Rate
6.75
7
Bank Rate
8.75
9
MSF
8.75
9
SLR
21.5
22

Whenever anyone or some rates will be changed, we will update here accordingly.

 photo hand.gifDon't know what these different banking rates are? Read out our article on Different Type of Important Banking Awareness Terms.


Related Banking Awareness Notes-


Read more ...

Marks of IBPS Clerk-IV Qualified Candidates released



Good News for all IBPS Clerk-IV qualified candidates! IBPS has released today the marks/ scores of all Clerk CWE-IV qualified candidates called for common interview. How to view IBPS clerk-IV marks? Clerk-IV qualified candidates can view their marks by going to the link given below and putting their IBPS Clerk-IV Reg. No (OR) Roll No. (AND) Password (OR) Date of Birth-


Friends, share your IBPS Clerk-IV scores here with your state and category.

Read more ...

Rajkot Nagarik Sahakari Bank Manager recruitment 2015



A good news for all the candidates who are searching for banking jobs. Rajkot Nagarik Sahakari Bank (RNSB) has released a recruitment notification for the post of Manager in 2015. To get further details read out the RNS Bank recruitment in 2015.

Vacancy, Eligibility details for RNSB bank manager Recruitment 2015

Name of the posts :

A. Deputy General Manager
B. Assistant General Manager (HR)

Age limit : The post wise age limit are below;

A. Deputy General Manager : must be 55 years.
B. Assistant General Manager (HR) must be 50 years.

Education Qualification : The post wise education qualification are below;

A. Deputy General Manager : Graduation with CAIB or L.L.B/ M.Com or any P.G qualification (Except Arts).
B. Assistant General Manager (HR) : First Class Graduation MBA with specialization in HR.

How to apply : Eligible and interested candidates may apply through online mode of application. There is no other mode of application will be accepted.

Important dates :

- Starting date for online application : 03rd March 2015
- Last Date for  of Application: 12th March 2015

Read out to get further details like age limit, educational qualification, selection process, fee, application process & other information click on the link...

Download here recruitment notification

Apply Online here


Read more ...

Download Admit Card for South Indian Bank PO 2015 Exam



South Indian Bank released a recruitment notification for the post of Probationary Officer (PO) in 2015. The total vacancies are 100. The online application was started on 6th February 2015 and ended was 21th February 2015. Candidates who have applied for the post of P.O, can download now their call latter for the exam.

south indian bank examNow South Indian Bank Limited has issued Admit Card/ Call Latter for PO 2015 exam. The exam will be objective types through IBPS. To get details about exam pattern with syllabus and download admit card click on the below link..

Visit Official Website

Download Information Details

Download Call Letter for Written Exam


Read more ...

Bank Of Baroda PO 2015 Exam Pattern and Syllabus



Bank of Baroda has released an recruitment notification for the post of Probationary Officer in Junior Management Grade/ Scale-I. Any graduate with 60 % marks may apply through online. The application started 03rd March and will be ended on 17th March. The exam will be held on (Tentative)  18th April 2015. Here we have provided the BOB PO Exam 2015 Syllabus and exam pattern in details.

Bank Of Baroda PO Exam Pattern with Syllabus

bob po syllabus
The entire recruitment exam will be in two stages-

A. Objective type (written exam)
B. Group Discussion and Personal Interview

A. Objective type

1. Reasoning - no. of questions 50 – marks - 50
2. Quantitative Aptitude - no. of questions 50 – marks - 50
3. English Language-  no. of questions 50 – marks - 50
4. General Awareness(Banking Industry)- no. of questions 50 – marks - 50

Duration of the objective type exam – 2 hours. 0.25 marks will be deducted for each wrong answer.

B. Group Discussion and Personal Interview :

Total four times the number of candidates will be called for the interview and group discussion.The qualifying marks in Group Discussion & Interview will be decided by the Bank.

The final merit list for selection will be on the basis of performance in Online Test, Group discussion (GD) and Interview.

Get details BOB PO syllabus and pattern of exam here.


Read more ...

Huge Jobs in Nationalized Banks in next 5 years



bank job newsWaiting for latest bank recruitment news? Good News for all aspirants who dream to get a job in banks! All the nationalized banks of India will recruit a huge number of candidates in next five years i.e. within 2020. Minister of State for Finance, Govt. of India, Mr. Jayanta Sinha said in an interview that in an average, 25 percent of total number of present bank employees (both clerk and officer) are going to retire before 2020. As a result there will be a massive number of vacancies will be created and these vacant posts have to be filled.
 
How many number of employees retire in each year and the number of vacancies are estimated by the respective nationalized banks. To get the permission regarding the filling up the vacant posts, the banks are liable to inform the Institute of Banking Personnel Selection Board (IBPS) who conducts common written examination (CWE)/ online test each year for the recruitment of Officers and Clerks.

Mr. Sinha has also told that the Central Government has already sent the details regarding the human resource related information including the number of employees who are going to get retirement within the year 2020.

Source- Times of India (www.eisamay.indiatimes.com)


So friends, this is really a very good news for all aspirants. A big opportunity is waiting for you. Be prepared from now!

Read more ...

RBI Recruitment 2015 for Assistant Manager & Manager


Reserve Bank of India (RBI) has invited an recruitment notification for the post of Assistant Manager & Manager in 2015. To get further details read out the RBI recruitment notification 2015 for Assistant Manager and Manager posts.

Vacancy, eligibility details for RBI Assistant Manager & Manager Recruitment 2015


rbi recruitment 2015Name of the posts :

1. Assistant Manager (Rajbhasha) in Grade 'A'
2. Manager (Technical -Civil) in Grade 'B'
3. Manager (Technical -Electrical) in Grade 'B'
4. Assistant Manager (Security) in Grade 'A'

Vacancy details : There are total vacancies are 19. The post and category-wise vacancies are below;

1. Assistant Manager (Rajbhasha) in Grade 'A' : 06 (UR – 03, SC – 01, OBC – 02)
2. Manager (Technical -Civil) in Grade 'B' : 02  (UR – 01, SC – 01)
3. Manager (Technical -Electrical) in Grade 'B' : 2 (UR)
4. Assistant Manager (Security) in Grade 'A' : 09 (UR – 04, SC – 02, ST – 01, OBC – 02)

Eligibility: The details of eligibility criteria will be available soon.

How to apply : Eligible and interested candidates may apply through online mode of application. There is no other mode of application will be accepted.

Important dates :

- Starting Date of Online Application : 9th March 2015
- Last Date for Submission of Online Application : 23rd March 2015
- Last Date for Submission of Online Application for Assistant Manager (Security) in Grade 'A' : 30th March 2015

Detailed advertisement will be published on 9th March 2015 on RBI website www.rbi.org

For Official Notification, check here.


Read more ...

Bank Of Baroda PO Recruitment 2015 Notification details



A good news for all candidates who are searching for the banking jobs. Bank of Baroda has released an recruitment notification for the post of Probationary Officer in Junior Management Grade/ Scale-I. To get further details read out the Bank of Baroda PO recruitment notification 2015.

Vacancy, eligibility details for Bank of Baroda Probationary Officer Recruitment 2015


Name of the posts : Probationary Officer in Junior Management Grade/ Scale-I

Vacancy : There are total vacancies are 1200. ( UR-606 / OBC-324 / SC-180 / ST-90 )

Age Limit : Candidates should be aged minimum 20 years and maximum 28 years as on 17/03/2015.

Education Qualification : Interested Candidates must be Graduated from any recognized university with 60 % marks in any stream. (55% for SC/ ST/ PWD).

Application fees : General and OBC candidates have to pay Rs- 600/. and SC/ ST/ PWD candidates have to pay Rs.100/ through Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets. On successful completion of the transaction an e-receipt.

How to apply : Eligible and interested candidates may apply through online mode of application.

Important dates :

- Start Date of Online Application & Payment of Fee: 03rd March 2015.
- Last Date for Submission of Online Application & Payment of Fee: 17th March 2015.
- Download of Call letter for Examination: From 07th April 2015.
- Date of Examination (Tentative): 18th April 2015.

Read out to get further details like age limit, educational qualification, selection process, fees, how to apply and other information click on the below link...

Download here Recruitment Advertisement


Visit here to Apply Online


Read more ...