Posts

TAGLINES

 Hum Hai Na : ICICI Good People to Grow with : Indian Overseas Bank With you All the Way : State Bank of India A Trusted Relationship : SBH Tradition of Trust : Allahabad Bank  Trusted Family Bank : Dena Bank Good People to Bank with : Union Bank of India Banking for All : IDBI Bank World’s Local Bank : HSBC We Understand your World : HDFC Friendly, Intelligent, Responsive : Andhra Bank A Friend you can Bank upon : Vijaya Bank  Together we Prosper : Bank of Rajasthan Your Perfect Banking Partner : Federal Bank Taking Banking Technology to Common Man : Indian Bank Prosperity to All : Corporation Bank We are changing for you : Canara Bank Experience our Expertise : Yes Bank Central to you Since 1911 : Central Bank of India Serving to Empower : J & K Bank The Changing Face of Prosperity : Lakshmi Vilas Bank Where service is a way of life : Punjab & Sindh Bank Where Every individual is Committed : Oriental Bank of Commerce The Bank that begins with U : United Bank of India Your Faithful & Friendly Financial Partner : Syndicate Bank Relationship Beyond Banking : Bank of India Honours your Trust : UCO Bank Smart Way to Bank : Karur Vysya Bank A Passion to Perform : Deutche Bank Experience Next Generation Banking : South Indian Bank The Name you can Bank upon : Punjab National Bank India’s International Bank : Bank of Baroda  One Family, One Bank : Bank of Maharashtra#FancyJ

LIST OF REGIONAL RURAL BANKS

This is a list of RRBs and their Sponsor Banks along with their Head offices. A question on this topic has been repeatedly asked in previous exams. Please go through the same.Name of RRBSponsor BankHead OfficeBangiya Gramin Vikash BankUnited Bank of IndiaBaharampur, West BengalChaitanya Godavari Grameena  BankAndhra BankGuntur, Andhra PradeshEllaquai Dehati BankState Bank of IndiaSri Nagar, Jammu and KashmirGramin Bank Of AryavratBank of IndiaLucknow, Uttar PradeshKashi Gomti Samyut Gramin BankUnion Bank of IndiaVaranasi, Uttar PradeshKaveri Grameena BankState Bank of MysuruMysuru, KarnatakaLangpi Dehangi Rural BankState Bank of IndiaDiphu, AssamMalwa Gramin BankState Bank of PatialaSangrur, PunjabNarmada Jhabua Grameen BankBank of IndiaIndore, Madhya PradeshPaschim Banga Gramin BankUCO bankHowrah, West BengalPallavan Grama BankIndian BankSalem, Tamil NaduPandyan Grama BankIndian Overseas BankVirudhunagar, Tamil NaduPragathi Krishna Gramin BankCanara BankBallari, KarnatakaPrathama BankSyndicate BankMoradabad, Uttar PradeshPurvanchal BankState Bank of IndiaGorakpur, Uttar PradeshSaptagiri Grameena BankIndian BankChitoor, Andhra PradeshSutlej Gramin BankPunjab and Sind BankBathinda, PunjabUtkal Grameen BankState Bank of IndiaBolagir, OdishaVananchal Gramin BankState Bank of IndiaDumka, JharkhandVidharbha Konkan Gramin BankBank of IndiaNagpur, Maharashtra#ARCHANA

EDITORIAL

The Centre is to blame for the dispute going into another round of litigation It is unfortunate that the Cauvery dispute is once again before the Supreme Court, barely weeks after the final verdict. The Centre is to blame for the dispute going into another round of litigation. While Tamil Nadu has moved the court to initiate contempt proceedings against the Centre for not complying with the direction to frame a scheme to implement the water-sharing arrangement set out in the February 16 judgment, the Centre has sought three more months and some clarifications in the court order. It is difficult to believe the issue at hand is so perplexing that the Centre had no option but to come back to the court. It appears that it does not want to handle the issue until the Karnataka Assembly elections get over in mid-May. Political and electoral considerations appear to have dictated the Centre’s action. It is almost as if it believes that as long as the option of buying further time is available, it need not fulfil its legal obligations. It is unfortunate that just before the expiry of the court’s six-week deadline, the Centre came up with a petition asking the court to clarify whether the proposed scheme should be the same as that which the Tribunal had set out in its final award in 2007, or could be at variance with it.  It is true that there is a divergence of opinion between Tamil Nadu and Karnataka on the proposed mechanism and its composition. While Tamil Nadu wants the ‘scheme’ envisaged by the court to mean nothing other than the Cauvery Management Board and the Cauvery Water Regulation Committee, mentioned in the Tribunal’s final award, Karnataka says there is no reference to a ‘board’ in the apex court’s order, and that the Centre could frame a scheme different from that described by the Tribunal. It contends that the apex court envisaged a ‘dispute resolution body’, and not the ‘management board’ favoured by the Tribunal. Against this backdrop, the Centre could have exercised discretion and come up with a scheme that would include an inter-State body to oversee the water-sharing. At the latest hearing, the Chief Justice of India, Dipak Misra, observed that the term ‘scheme’ mentioned in the judgment did not refer to only a ‘board’. He also assured Tamil Nadu that the court would ensure that it was not deprived of its share of Cauvery water. It is an indication that it is not the nomenclature but the nature of the relief that matters. It will be wise for all parties to remember that disputes are better resolved on the basis of equity and not prolonged on expedient considerations. The Centre’s actions should not amount to undermining the finality of the highest court’s judgment, and should be unwaveringly in aid of its implementation. Word List litigation (noun) – legal action, legal process, legal dispute.contempt (noun) – disrespectful, disregardful, neglectful (of a court of law).comply with (verb) – abide by, conform to, adhere to/respect.set out (phrasal verb) – describe, declare, state.perplexing (adjective) – confusing, puzzling, baffling/bewildering.get over (phrasal verb) – complete (a tough) task promptly. overcome, deal with.buy time (phrase) – take one’s time, linger, hold back/waste time.come up with (phrasal verb) – submit/produce, propose, put forward.at variance (phrase) – inconsistent, conflicting, contrary.divergence (noun) – difference, variance; dissimilarity.composition (noun) – structure, formation, organization.envisage (verb) – foresee, predict; contemplate/envision.contend (verb) – assert, claim, argue.discretion (noun) – judgement, preference, disposition.oversee (verb) – supervise, manage, control.deprive (of) (verb) – deny, prevent; divest.nomenclature (noun) – terms, a system of names used in particular field.equity (noun) – fairness and justice,prolong (verb) – make longer, extend, protract.expedient (adjective) – convenient, advantageous; strategic, tactical (although possibly improper or immoral).amount to (verb) – constitute, comprise, be equivalent to.undermine (verb) – weaken, compromise, diminish/reduce.finality (noun) – decision.unwaveringly (adverb) – steadily, firmly, relentlessly.in aid of (phrase) – in support of. #FancyJ

CAPITAL MARKET INSTRUMENTS

Capital Market Instruments consist of long term instruments for the period of more than one year. It includes: 1). Equity Shares- Equity shares represent the owner’s capital in the company. The holders are the real owners of the company. They have a control over the working of the company.Equity shareholders are paid dividend.They provide permanent capital to the company and cannot redeem during life time of the company. 2). Preference Shares – Preference Shares are shares of company’s stock with dividends that are paid out to shareholders before common stock dividends are issued. These shares have their certain preferences as compared to other types of share. These shares are given two preferences such as: Whenever the company has distributable profits, the dividend is first paid on preference shares.Repayment of the capital at the time of liquidation. 3). Debentures- A debenture is an acknowledgement of a debt. It is a document under company’s seal which provide for the payment of principal sum and interest thereon. A debenture holder is a creditor of a company and interest is paid to him.Debentures are to be repaid after a definite period of time. 4). Derivative – A derivative is a security with a price that is dependent upon or derived from one or more underlying assets. Derivative is itself a contract between two parties based upon the asset or assets. The underlying assets include stocks, bonds, commodities, currencies.It can be traded over the counter or an exchange.Derivative can be classified as follow: Futures Contract- Futures Contract is an agreement between two parties for the sale of assets at an agreed upon prices.Forward Contract- Forward Contract is similar to futures contract but the only difference is this that it is not traded on exchange but only traded on over the counter.Swaps- It is a contract between two parties agreeing to trade long terms.Options- It is also similar to futures contract but the key difference is that with an option buyer and seller is not obliged to make transaction if he or she decides not to. 5). Bonds- A bond is a debt investment in which an investor loans money to an entity which borrows a fund for a defined period of time at a variable or fixed rate interest. It is similar to debentures but the key difference is that it is issued by a government institute.#ARCHANA

BONDS and its types

A bond is a debt investment in which an investor loans money to an entity which borrows a fund for a defined period of timeat a variable or fixed rate interest.It is similar to debentures but the key difference is that it is issued by a government institute.Following are the different types of the bonds1) Corporate Bonds - A corporate bond is a debt security which is issued by a company and sold to the investors. Company‟s assets are may be used as collateral in some cases. The backing for the bond is usually depending upon the payment ability of the company. The corporate bonds have considered higher risk than governmental bonds.2) Convertible Bonds- A convertible bond is a debt security that can be converted into predetermined amount of underlyingcompany‟s equity. Convertible bonds are issue to avoid the negative impression of company‟s actions.3) Callable Bonds- Callable Bonds are also known as “redeemable bonds” as the bonds are redeemed prior to the period ofmaturity.4) Term Bonds- A term bonds are the bond which mature and come due on single date. A term bond possesses all thefeatures of callable bonds.5) Government Bonds- Government Bonds are those bonds which are issued by the government to support governmentspending. These bonds are more secure than corporate bonds.Following are Some Other Important Bonds1) Masala BondMasala Bonds are the rupee denominated borrowings by Indian entities in overseas market. The word “Masala” is given bythe IFC (International Finance Corporation) to represent Indian culture and cuisine. First Masala Bond was issued by the IFC(International Finance Corporation) when it raised Rs 1000 crore bond to fund infrastructure projects in India.Issuers of Masala Bonds RBI has issued guidelines allowing following entities to issue rupee denominated bond overseas. Indian Companies (Blue Chip Companies) NBFCs ( Non Banking Finance Companies) Infrastructure Investment Trust Real Investment TrustBenefits to Investor By investing in Masala Bonds, the investor gets tax deduction on interest income. Capital gains from rupee appreciation are exempted from tax.Benefits to Indian Companies If the issuer, issues bonds in rupees, then he gets rid of risk of currency fluctuation. The bonds bring new and diversified set of investors for Indian Companies.Regulator of Masala Bonds:As the Masala bonds are Indian Rupee denominated bonds, it is regulated by the Reserve Bank of India.2) Green BondsA Green Bond is a tax-exempt bond which is issued for the investment in the green projects or for the development ofBrownfield sites.Brownfield Sites are the sites which are underutilized, have abandoned buildings or underdeveloped. Issuers of Green Bonds: Green Bonds are issued by following multilateral agencies: World Bank Corporation Government agencies MunicipalitiesPurposeGreen Bonds are issued to encourage sustainability and development of Brownfield sites. Specifically it finance projectsaimed at energy efficiency, pollution prevention, sustainable water management etc.Regulator of Green Bonds:In India Green Bonds are regulated by SEBI (Securities Exchange Board of India).3) Junk BondsJunk Bonds refer to high yield or non-investment grade bonds. These are named as junk bonds as it involves high rate of riskin relation to investment bonds. It is fixed income instrument that carry a credit rating lower by Moody‟s investor services.Investor demands high yield bonds as it yields high rate of return which in turn a compensation for their investment.Regulator of Junk Bonds:In India Junk Bonds are regulated by SEBI (Securities Exchange Board of India)#FancyJ

April 3 CA

● Tibetans to host 'Thank You India' campaign in Delhi ● Nirmala Sitharaman in Russia to attend Moscow Conference ● World-Class Tourist Amenities Unveiled at Konark Sun Temple ● India Ranks 37th in Global Startup Ecosystem : Startupblink Report ● Mukesh Ambani has been ranked 19th on Bloomberg Billionaires Top 100 Index ● Nadal dethrones Federer to become world no. 1 again ● 5th Indo-Kyrgyzstan joint training exercise KHANJAR V was held in Mizoram ● Hyderabad tops in Global City Momentum Index ● India-Korea Coast Guards to hold exercise in Chennai : ' Sahyog - Hyeoblyeog ' ● Arun Jaitley was once again appointed as the Leader of the Rajya Sabha ● Direct tax collections grow 17% in 2017-18 ● Multi Modal Logistic Park inaugurated at Goa ● West Bengal Launches Rupashree scheme for marriage of poor girls ● Kidambi Srikanth has been adjudged ‘Sportsperson of the Year – Male’ : ESPN Multi Sports Awards ● PV Sindhu has been adjudged ‘Sportsperson of the Year – Female’ : ESPN Multi Sports Awards ● M L Srivastava appointed protem chairman of Lalit Kala Akademi . #RAJKUMAR

INSOLVENCY Vs BANKRUPTCY

It can occur that the bank or any organization or even an individualgoes out of money. In this case sometimes he cannot buynecessities for him and also it/he is not able to pay off the debts to its/his lenders.Two terms are used for this condition of an individual or organization. These areINSOLVENCYBANKRUPTCYThese terms are used interchangeably but in actual they are not synonymous. Let us see what are these terms:INSOLVENCY: When a person/organization is unable to pay their debts when they become due and payable, it iscalled insolvency.So it can be said as when the liabilities exceed the total assets.It is related to the financial state of that person or organization.Identification: when there is a drop in sales, there are delay in payments, it can be identified that the person/organization might goto the state of insolvency.The state of insolvency can be managed by self, outside resources and restructuring schemes. BANKRUPTCY:When a person/organization is unable to pay their debts when they become due and payable and is alsodeclared as bankrupt bycourt, it is called bankruptcy.A person/organization can also go to court seeking to be declared as bankrupt.Like insolvency, it is also when the liabilities exceed the total assets or when you are unableto pay off your debts.It also tells the financial state, but is a legal concept because of the intervention of court.Bankruptcy cannot be resolved.All bankrupts will be called insolvent, but not vice-versa. #Saarumathi

Types of cards

Cards can be classified on the basis of their issuance, usage and payment by the card holder. There are three types of cards:Debitcards, Credit cards and Prepaid cards.These cards can be issued by banks or other entities too. We will discuss each type of card and the issuance authority for particulartype of card.Debit CardDebit Card means the card which can be used to withdraw cash up to the limit present in customer’s bank account.So to get issue a debit card, one should have a bank account.This means that debit cards are only issued by banks which are linked to the customer’s bank account number.So, in the case to use a debit card, one should have enough balance in his bank account.They are used to withdraw cash from ATM, purchase of goods and services at Point of Sale (POS)/E-commerce (online purchase)both domestically and internationally (provided it is enabled for international use).It can also be used only for domestic fund transfer from one person to another.Credit CardUnlike debit cards, in case of credit cards, a customer can also withdraw beyond the amount of money present in his bankaccount.But there is a limit for each credit card up to which extra money can be withdrawn.And also there is a time limit up to which the extra money withdrawn should be paid back. This amount of money is paid backalong with interest charges as applied by the issuer of card.They are issued by banks / other entities approved by RBI.The credit cards are used for purchase of goods and services at Point of Sale (POS) and E-commerce (online purchase)/ throughInteractive Voice Response (IVR)/Recurring transactions/ Mail Order Telephone Order (MOTO).These cards can be used domestically and internationally (provided it is enabled for international use).The credit cards can be used to withdraw cash from an ATM and for transferring funds to bank accounts, debit cards, credit cardsand prepaid cards within the country.Prepaid CardThe usage of prepaid cards depends on who has issued these cards. They can be issued by banks/non-banks.To get issue a prepaid card, the customer has to pay the amount in advance which is then stored in his prepaid card to be usedwhenever required.So a prepaid card is never linked to an account.The maximum value that can be stored in a prepaid card at any point of time is Rs 50,000.The prepaid cards issued by the banks can be used to withdraw cash from an ATM, purchase of goods and services at Point ofSale (POS)/E-commerce (online purchase) and for domestic fund transfer from one person to another. Such prepaid cards areknown as open system prepaid cards.However, the prepaid cards issued by authorised non-bank entities can be used only for purchase of goods and services at Pointof Sale (POS)/E-commerce (online purchase) and for domestic fund transfer from one person to another. Such prepaid cards areknown as semi-closed system prepaid cards.These cards can be used only domestically. Debit card and Credit cardBoth can be used to withdraw cash from ATM, purchase of goods and services at Point of Sale (POS) and online purchase.Debit card only issued by banks and linked to bank accountwhile credit cards can be issued by banks/other entities approved byRBI. If issued by banks, can be linked to accountBy debit card one cannot withdraw extra money than available in his accountwhile by use of credit card one can withdraw extramoney as permitted by the issuer.Debit card and Prepaid cardBoth are used for withdrawing up to the amount present in these cards.Both can be used for purchasing goods and services at Point of Sale (POS) and online purchases.Debit card can store any amount (i.e. amount present in bank account)while Prepaid card at a time can store only up to Rs50,000.Debit cards are only issued by banks while prepaid cards by both banks and non-bank entities.Debit cards can be used at ATMs to withdraw cash while prepaid cards cannot be used at ATMs.Credit card and Prepaid cardBoth can be issued by banks/non-banks.Both can be used for purchasing goods and services at Point of Sale (POS) and online purchases.Crdit card can store any amount (i.e. amount present in bank account + extra amount permitted to be drawn)while Prepaid cardat a time can store only up to Rs 50,000.Credit cards can be used at ATMs to withdraw cash while prepaid cards cannot be used at ATMs.If one withdraws extra amount by use of credit card, then he has to pay back the amount afterwards with rate of interestwhile incase of prepaid cards, amount is paid in advance and no rate of interest is to be paid.Credit cards can be linked to account when issued by bankwhile prepaid cards are never linked to account.#Saarumathi

REVERSE MORTGAGE LOAN

The scheme of reverse mortgage has been introduced for the benefit of senior citizens owning a house but having inadequate income to meet their needs. Some important features of reverse mortgage are: a)   A homeowner who is above 60 years of age is eligible for reverse mortgage loan. If a couple is opting for the loan jointly, one of them should be a senior citizen and the other at least 55 years old.b)   NO REPAYMENT is required as long as the borrower lives, Borrower should pay all taxes relating to the house and maintain the property as his primary residence.It allows him to turn the equity in his home into one lump sum or periodic payments mutually agreed by the borrower and the banker. c)   The amount of loan is based on several factors: Borrower’s age,Value of the propertyCurrent interest rates  andThe specific plan chosen. d)   The property should be clear from encumbrances and should have clear title of the borrower.As per the scheme formulated by National Housing Bank (NHB),the maximum period of the loan period is 15 years. The residual life of the property should be at least 20 years. Where the borrower lives longer than 15 years, periodic payments will not be made by lender. However, the borrower can continue to occupy.#ARCHANA

Word List On RC

Word Listfarcical (adjective) – useless/senseless, ridiculous, laughable.wrangle (noun) – argument, dispute, disagreement.cornucopia (noun) – lot, large amount of something, abundance.psychographics (noun) – it is defined as a qualitative technique used to describe consumers on psychological characteristics (on consumers’ activities, interests, and opinions).manipulate (verb) – control, influence, orchestrate a person (tactfully & unfairly).impulse (noun) – (strong & sudden) urge/instinct, compulsion, need.introversion (noun) – the quality of being a self-analyzing/self-questioning person.extroversion (noun) – the quality of being a socially friendly person.neuroticism (noun) – the quality of being an oversensitive, nervous, or anxious person.holy grail (noun) – ambition, aspiration, hopetrait (noun) – characteristic, feature, quality.ingest (verb) – absorb, assimilate, digest (information).covertly (adverb) – secretly, furtively, in a hidden/concealed manner.demagogue (noun) – rabble-rouser, political agitator, troublemaker.#FancyJ

Terms and Conditions Privacy Refund Policy Learning Management System by Testpress