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Showing posts from October, 2014

How to win IBPS PO exam

Brought to you by  -   Competition ZENITH Quantitative Aptitude Quant is a relatively tougher section to be frank not only in terms of the difficulty levels but also in terms of time and speed required. We need to look at the aspect that this section is demanding for most of the aspirants so you need to be quiet specific and precise to score the marks just to calm the cut off demons and that too very safely. Maximum marks – 50 Target – 20-30 Time to Allot – 30-35 minutes How to score big and quick

Money Market in India - A Brief insight

Brought to you by - Competition ZENITH Open Market Operations:  Open market operations consist of buying and selling of government securities by the Reserve Bank. Open market operations have a direct effect on the availability and cost of credit. When the central bank purchases securities from the banks, it increases their cash reserve position and hence, their credit creation capacity. On the other hand, when the central bank sells securities to the banks, it reduces their cash  reserves and the credit creation capacity. The Reserve Bank of India did not rely much on open market operations to control credit. It was not used for influencing the availability of credit. Due to under-developed security market, the open market operations of the Reserve Bank are restricted to Government securities. These operations have also been used as a tool of public debt management. They assist the Indian government to raise borrowings. 

General Knowledge Buzz - 3rd October 2014

 Brought to you by - Competition ZENITH 1. Net bad loans of 40 banks soar by 38 per cent in April-Sept      I.    The net bad assets of the 40 listed banks have jumped 38 per cent to Rs 1,28,533 crore during the first half of this financial year, from Rs 93,109 crore at the end of the last financial year.    II.    14 banks have reported more than 50 per cent jump in their net non-performing assets (NPAs) during these six months.   III.    For SBI, net  NPAs rose to 2.91 per cent  from 2.44 per cent in Q2. However, on a sequential basis, NPAs of the nation's largest lender came down by 39.23 per cent. The rising provisions for bad assets pulled down the net profit of the bank by 35.03 per cent.

General Knowledge Buzz - 2nd October 2014

 Brought to you by - Competition ZENITH 1.        Modi launches 'My Clean India' campaign   I.       Prime Minister Narendra Modi launched the Swachh Bharat, or Clean India, Mission on the birth anniversary of Mahatma Gandhi. II.        Prime Minister Narendra Modi launched the 'Swachh Bharat' (Clean India) campaign by wielding a broom at Valmiki Basti in New Delhi, home to a lower caste that has traditionally been employed in janitorial and scavenging work. III.       The Mission will aim to make India ‘clean’ by October 2, 2019, Mahatma Gandhi’s 150th birth anniversary, Mr. Modi said. IV.        This goal will include the elimination of open defecation, which he called a “blot on society”, especially for women and young girls. V.       Modi invited 9 people to join the campaign , they should pick another nine. Nine people include Mridula Sinha, Sachin Tendulkar, Shashi Tharoor, Kamal Haasan, Priyanka Chopra, Anil Ambani, Salman Khan, and t

NABARD – National Bank for Agricultural and Rural Development

Brought to you by - Competition ZENITH Headquarters     Mumbai, Maharashtra, India Established         12 July 1982 Chairman             Dr. Harsh Kumar Bhanwala

Functions of the Reserve Bank of India (RBI)

Brought to you by - Competition ZENITH According to the preamble of the Reserve Bank of India Act, the main functions of the bank is “to regulate the issue of bank notes and the keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage.” Traditional Central Banking Functions 

Primary functions of a bank - Notes for IBPS PO

B rought to you by - Competition ZENITH The Banks has two primary functions , They are acceptance of deposits and advancing loans, More about them is given below. 1. Acceptance of Deposits :  Accepting deposits is the primary function of a commercial bank mobilise savings of the household sector. Banks generally accept three types of deposits viz., (a) Current Deposits (b) Savings Deposits, and (c) Fixed Deposits.