Tips and Strategies For IBPS-PO/MT-V- Main Examination

Tips and Strategies For IBPS-PO/MT-V- Main Examination

Unknown   07:12   Comment  

The most awaited tips and strategies for sure success in IBPS PO Mains

Have a clear idea about the expected breakup of the questions and the difficulty level. Read the questions completely, and avoid risk, and guesswork.

Quantitative Aptitude

• The questions can be categorised as scoring and time-consuming questions. Attempt scoring and easy questions first.
• Be well-versed with all the required formulas and short tricks. 
• Practise effective time management and allocation so as to attempt maximum questions accurately.

Reasoning

• Have a clear understanding about the terms such as assumption, inference, conclusion, etc. 
• Reading newspapers and listening to debates on television work wonders in improving your skill of logical reasoning.
• Beware of closely related options. Try the elimination technique.

English

• This section must be attempted first as it does not include calculations, reasoning skills. 
• Read newspaper daily (especially editorial, opinion, perspective) for developing the skills of reading and comprehending. 
• The expertise can be gained in ‘reading comprehension’, grammar and vocabulary-based questions by just reading and practising the mock tests for time management.

General awareness

• Develop an interest in reading English newspapers as well as e-news published on our website.
• Read the current affairs quiz that is daily updated on our website.
• Be aware of the terms related to banking, economics, finance, politics, and sports.

Computer

• The computer quiz is published on our website on daily basis. The questions of the quiz have been well-researched by our team.
• Keep a note of all the questions and try to understand the how-and-why of all the answers. 
• Guess work is a big NO.

Important For Bank Exams & Interview - All Facts Related to the All Public Sector Banks in India

Important For Bank Exams & Interview - All Facts Related to the All Public Sector Banks in India

Unknown   03:58   Comment  

All Facts about Public sector banks in India

You Should Know these Facts for your Bank Exam

Published By: www.gkgyan.com

Here check some of the important information related to the each Public sector Bank which you should know. This information is basic and very important because during the interview round of your Bank exam this can be asked or may be in the written examination as well. So read the full post carefully and remember all the facts carefully.

Get the full detail of each and every Bank at one place over here

S.No	Name Of Bank	Head Office	Founding     Year	Tag Lines
1	Allahabad Bank	Kolkata	1865	A tradition of trust
2	Andhra Bank	Hyderabad	20 Nov. 1923	Much more to do. With YOU in focus
3	Bank of Baroda	Baroda	20 July 1908	India’s International Bank
4	Bank of India	Mumbai	7 Sept. 1906	Relationships beyond Banking
5	Bank of Maharashtra	Pune	16 sept. 1935	One Family One Bank
6	Canara Bank	Bangalore	1910	It’s easy to change for those who you love, Together we Can
7	Central Bank of India	Mumbai	21 Dec. 1911	Build A Better Life Around Us, Central to you since 1911
8	Corporation Bank	Mangalore	12 March  1906	Prosperity for all
9	Dena Bank	Mumbai	26 May 1938	Trusted Family Bank
10	Indian Bank	Chennai	5 March 1907	Taking Banking Technology to Common Man, Your Tech-friendly bank
11	Indian Overseas Bank	Chennai	10 Feb. 1937	Good people to grow with
12	Oriental Bank of Commerce	Gurgaon , Haryana	19 Feb. 1943	Where every individual is committed
13	PunjabNationalBank	New Delhi	1895	The Name you can Bank Upon
14	Punjab & Sind Bank	New Delhi	24th  June 1908	Where series is a way of life
15	Syndicate Bank	Manipal, karnataka	1925	Your Faithful And Friendly Financial Partner
16	Union Bank of India	Mumbai	1919	Good people to bank with
17	United Bank of India	Kolkata	1950	The Bank that begins with “U”
18	UCO Bank	Kolkata	1943	Honors Your Trust
19	Vijaya Bank	Bangalore	1931	A friend You can Bank Upon
20	IDBI Bank Ltd	Mumbai	1964	Banking for all; “ Aao Schein Bada”
21	Bharatiya Mahila Bank	New Delhi	19th  Nov. 2013	Empowering women,  Empowering India
State Bank Group
1	State Bank of India	Mumbai	1st July 1956	The Nation banks on us; Pure Banking Nothing Else; With you all the way
2	State Bank of Bikaner & Jaipur	Rajasthan	1963
3	State Bank of Patiala	Punjab	1917	Blending Modernity with Tradition
4	State Bank of Hyderabad	Hyderabad	1941	You can always bank on us
5	State Bank of Mysore	Bangalore	1913	Working for a better tomorrow
6	State Bank of Travancore	Thiruvananthapuram	1945	A Long Tradition of Trust

Share this Information with your Friends…

DIFFERENCE BETWEEN CHEQUE AND DEMAND DRAFT

DIFFERENCE BETWEEN CHEQUE AND DEMAND DRAFT

Unknown   02:08   Comment  

DIFFERENCE BETWEEN CHEQUE AND DEMAND DRAFT

The following are the main differences between a cheque and a demand draft:

✴ A cheque is issued by an individual, whereas a demand draft is issued by a bank.

✴ A cheque is drawn by an account holder of a bank, whereas a draft is drawn by one branch of a bank on another branch of the same bank.

✴ In a cheque, the drawer and the drawee are different persons. But in a draft both the drawer and the drawee are the same bank.

✴ A Cheque can be dishonored for want of sufficient balance in the account. Whereas a draft cannot be dishonored. Hence there is certainty of the payment in the case of a demand draft.

✴ Payment of a cheque can be stopped by the drawer of the cheque, whereas, the payment of a draft cannot be stopped.

✴ A cheque is defined in the Negotiable Instrument Act, 1881, whereas a demand draft has not be precisely defined in the NI Act.

✴  A cheque can be made payable either to a bearer or order. But a demand draft is always payable to order of a certain person.

**Important Abbreviation Banking Interview**

**Important Abbreviation Banking Interview**

Unknown   02:47   Comment  

Important Abbreviation for Bank Related Exam Interview:)

BO - Banking Ombudsman
BPCL - Bharat Petroleum Corporation Limited
BPO - Business Process Outsourcing
BPR - Business Process Re-engineering
bps - Basis Points
BPSS - Board for Regulation and Supervision of Payment and Settlement Systems
BR Act - Banking Regulations Act
BRICS - Brazil, Russia, India, China, South Africa
BRICS-CRA - BRICS Contingent Reserve Arrangement
BRBNMPL - Bharatiya Reserve Bank Note Mudran Pvt. Ltd.
BSBDAs - Basic Savings Bank Deposit Accounts
BSE - Bombay Stock Exchange
BTN - Bhutan Currency
CAB - College of Agricultural Banking
CAD - Current Account Defi cit
CAFRAL - Centre for Advanced Financial Research and Learning
CBLO - Collateralised Borrowing and Lending Obligation
CBS - Core Banking Solution
CCB - Committee of the Central Board
CCCB - Counter Cyclical Capital Buffer
CCI - Cabinet Committee of Investment
CCIL - Clearing Corporation of India Ltd.
CCPs - Central Counterparties
CD - Certifi cate of Deposits
CDS - Current Daily Status
CE of OBE - Credit Equivalent Amount of OffBalance Sheet Exposures
CERSAI - Central Registry of Securitisation Asset Reconstruction and Security Interest of India

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IMPORTANT BANKING ABBREVIATIONS

1. NABARD - National Bank for Agricultural & Rural Development
2. RTGS - Real Time Gross Settlement 
3. NEFT - National Electronic Fund Transfer
4. NAV - Net Asset Value
5. NPA - Non Performing Asset
6. ASBA - Account Supported by Blocked Amount
7. BIFR - Board for Industrial and Financial Reconstruction
8. CAMELS - Capital Adequacy, Asset Quality, Management Earnings, Liquidity, Systems & Controls
9. BCSBI - Banking Codes & Standard Board of India
10. BIS – Bank for International Settlement
11. BCBS – Basel Committee on Banking Supervision
12. BOP - Balance of Payment
13. BOT - Balance of Trade
14. BPLR – Benchmark Prime Lending Rate
15. CCIL – Clearing Corporation of India Ltd.
16. CIBIL - Credit Information Bureau of India Ltd.
17. CRISIL - Credit Rating Information Services of India Ltd.
18. CBLO - Collateralised Borrowing & Lending Obligation
19. CPI - Consumer Price Index
20. ADR – American Depository Receipts
21. GDR – Global Depository Receipts
22. ALM - Asset Liability Management
23. ARC – Asset Reconstruction Companies
24. FINO - Financial Inclusion Network Operation
25. CTT - Commodities Transaction Tax
26. CRM - Customer Relationship Management
27. KYC - Know Your Customer
28. SLR - Statutory Liquidity Ratio
29. CRR - Cash Reserve Ratio
30. MSF - Marginal Standing Facility
31. REPO - Repurchase Option
32. NBFC - Non Banking Finance Companies
33. OSMOS - Off-Site Monitoring & Surveillance
34. IFSC - Indian Financial System Code
35. BSE - Bombay Stock Exchange
36. NSE - National Stock Exchange
37. SWIFT - Society for Worldwide Interbank Financial Tele communication
38. FSLRC – Financial Sector Legislative Reforms Commission
39. LAF – Liquidity Adjustment Facility
40. DRT – Debt Recovery Tribunals.

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