Govt. Exams
Entrance Exams
BHIM AEPS enables cardless, cashless transactions using Aadhaar biometrics, promoting financial inclusion in rural areas.
CCIL acts as a central counterparty (CCP) for trades in money markets and government securities, reducing counterparty risk.
RTGS enables real-time settlement of fund transfers, typically for high-value transactions above Rs. 2 lakhs.
Under Basel III, the minimum CAR for Scheduled Commercial Banks is 11.5%, comprising 9.5% for common equity and 1% for additional tier-1 capital.
RBI issued Guidelines on Digital Lending Operations in 2023 to regulate fintech lending platforms and digital lenders.
As per RBI guidelines, banks must maintain a minimum SLR of 18% of their net demand and time liabilities.
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.
SWIFT is a global standard for secure international fund transfers and messaging between banks worldwide.
As of 2024, RBI's repo rate is maintained at 6.5% as per the latest monetary policy decision by the Monetary Policy Committee.
