Entrance Exams
Govt. Exams
BCBS, established in 1974, develops banking regulations and prudential standards, publishing Basel I, II, and III accords.
RBI mandates a minimum CAR of 10.5% for SCBs (including Tier-1 and Tier-2 capital), exceeding Basel III minimum of 8%.
NEFT is a system for transferring funds electronically between banks, processing transactions in batches at predetermined intervals.
Mobile banking enables customers to perform banking transactions through smartphones via internet or mobile apps.
IBC aims to provide a unified mechanism to resolve corporate insolvency through a time-bound process of 180 days (extendable to 270 days).
LCR is a Basel III requirement ensuring banks maintain sufficient high-quality liquid assets to survive a 30-day liquidity stress scenario.
The Payment and Settlement Systems Act, 2007 grants RBI the authority to regulate and oversee payment systems in India.
The Reverse Repo Rate is typically 25-50 basis points below the Policy Repo Rate. Check latest RBI announcements for exact current rate.
PMJJBY provides life insurance coverage to unorganized workers at minimal premium, protecting their families.
As of 2024, the SLR minimum requirement is 18% of the bank's Net Demand and Time Liabilities (NDTL).