Entrance Exams
Govt. Exams
Bancassurance is the delivery and distribution of insurance products through banking channels to customers.
As per RBI guidelines, a savings or current account becomes 'inoperative' if there is no transaction for 12 consecutive months.
RBI has been promoting the internationalization of the rupee to facilitate cross-border payments and reduce dependence on foreign currencies.
SWIFT is a global standard for secure international fund transfers and messaging between banks worldwide.
Basel III is an international regulatory framework developed by the Basel Committee on Banking Supervision for bank capital and risk management.
As of 2024, RBI's repo rate is maintained at 6.5% as per the latest monetary policy decision by the Monetary Policy Committee.
GST is a fiscal policy tool controlled by the GST Council, not a monetary policy tool of RBI. Repo, Reverse Repo, and SLR are RBI instruments.
Indian banks can accept fixed deposits for any tenure as per the individual bank's policies, with no regulatory upper limit.
A clean demand draft is one that is not drawn against any trade documents or merchandise, issued purely as credit.
Pradhan Mantri Jan Dhan Yojana targets financial inclusion by opening basic bank accounts for all citizens, especially the unbanked.