Govt. Exams
Entrance Exams
PMMY aims to provide collateral-free loans to micro and small enterprises for business purposes, with loans up to Rs. 10 lakh under the scheme.
The RBI Governor is appointed for a tenure of 4 years, after which reappointment is possible. The current Governor is Sanjay Malhotra (appointed December 2023).
PMJDY provides an overdraft facility of up to Rs. 10,000 to eligible account holders after 6 months of satisfactory operation of the account.
CASA represents Current Account and Savings Account deposits, which are low-cost funding sources for banks and crucial for profitability metrics.
The Repo Rate is the primary instrument used by RBI for monetary policy transmission. Banks' lending rates are benchmarked against this rate.
RBI guidelines classify an account as NPA after 90 days of non-payment. This is the standard threshold for identifying non-performing assets in Indian banking.
KYC (Know Your Client) is a mandatory procedure for banks to verify customer identity and assess their financial profile to prevent fraud and money laundering.
RTGS (Real Time Gross Settlement) is a system for real-time transfer of funds and securities between banks in India.
Insurance Regulatory and Development Authority of India (IRDAI) regulates and supervises insurance companies operating in India.
NEFT (National Electronic Funds Transfer) is an electronic fund transfer system in India for transferring funds between banks.
