Handa Ka Funda - Banking Awareness

2014
Ravi
Handa

Banking Awareness for SBI PO

http://handakafunda.com/sbi-po-2014-online-exam-preparation-coaching-syllabus-tests/

Hi,

I am Ravi Handa and I have been teaching for various competitive
exams for around a decade. I recently started an online course for SBI
PO 2014 exam which is available on my website
www.handakafunda.com

It not only covers the traditional areas for competitive exams like
Reasoning and English Language but lays additional emphasis on sectors
like Data Analysis & Interpretation, Banking Awareness and Marketing
Aptitude.

This e-book is a part of that course. The course is priced at 999 Rs.
Only and along with 100+ videos, it also includes 10 full length mock
tests to help an aspirant prepare for the same.

I hope you will enjoy this ebook and I would love to hear your feedback.
You can email me on ravihanda@gmail.com and call me on
09765142632.

You can check out my course specially designed for SBI PO 2014 here:
http://handakafunda.com/sbi-po-2014-online-exam-preparation-
coaching-syllabus-tests/


Present Heads of Financial Institutions

Organization Designation Name
Allahabad Bank Chairman & MD Rakesh Sethi
Axis Bank MD & CEO Shikha Sharma
Bank of Baroda Chairman & MD S S Mundra
Bank of India Chairperson & MD Vijayalakshmi R. Iyer
Bombay Stock Exchange MD & CEO Ashishkumar Chauhan
Canara Bank Chairman & MD R K Dubey
Central Bank of India Chairman & MD Rajeev Rishi
Crisil MD & CEO Roopa Kudva
Federal Bank MD & CEO Shyam Srinivasan
HDFC MD Renu Sud Karnad
HDFC Vice Chairman & CEO Keki Mistry
HDFC Bank Chairman C M Vasudeva
HDFC Bank MD Aditya Puri
HSBC India Country Head Naina Lal Kidwai
ICICI Bank Chairman K V Kamath
ICICI Bank MD & CEO Chanda Kochhar
ICRA Chairman & CEO P K Choudhury
IndusInd Bank Chairman R. Seshasayee
Kotak Mahindra Bank Vice Chairman & MD Uday Kotak
Life Insurance Corporation Chairman S K Roy
Multi Commodity Exchange MD & CEO Manoj Vaish
NABARD Chairman H K Bhanwala
National Stock Exchange MD & CEO Chitra Ramkrishna
Oriental Bank of Commerce Chairman & MD S L Bansal
Punjab National Bank Chairman & MD K R Kamath
Reserve Bank of India Governor Raghuram Rajan
State Bank of India Chairperson Arundhati Bhattacharya
Yes Bank MD & CEO Rana Kapoor


Timeline of Indian Banking

1875 Bombay Stock Exchange
1895 PNB

1906 Bank of India, Canara Bank
1908 Bank of Baroda
1911 Central Bank of India
1935 Reserve Bank of India
1943 Oriental Bank of Commerce

1955 ICICI Bank, SBI
1956 LIC

1977 HDFC
1995 Axis Bank
2003 MCX

--- Turn of the Century ---
--- Independence Day (1947) ---

--- Declaration of the Emergency (1975) ---
---


Taglines of Financial Institutions

Company Slogan
Allahabad Bank A Tradition of Trust
Bank of Baroda India's International Bank
Bank of India Relationship beyond Banking
BNP Paribas The bank for a changing world
Bombay Stock Exchange Experience the New
Dena Bank Trusted Family Bank
Deutsche Bank Passion to Perform
Ernst and Young Building a better working world
HSBC The world's local bank
Max New York Life Insurance Khushiyon ki Planning
MCX Trade with Trust
Oriental Bank of Commerce Where every individual is committed
Punjab National Bank The name you can bank upon
State Bank of India Safe Banking with SBI
UCO Bank Honours Your Trust
Union Bank of India Good people to bank with
Vijaya Bank A friend you can bank upon
Central Bank of India Central to you since 1911
Mastercard There are some things money can't buy


Business and Economic Abbreviations

AAGR: Average Annual Growth Rate
AAR : Average Annual Return
ADR : American Depository Receipts
AGM : Annual General Meeting
ADSL: Asymmetric Digital Subscriber Line
ASSOCHAM : Associated Chambers of Commerce and Industry
B2B : Business to Business
B2C : Business to Consumer
BPO : Business Process Outsourcing
BPR : Business Process Re-engineering
BSE : Bombay Stock Exchange
CAGR : Compounded Annual Growth Rate
CEO : Chief Executive Officer
CFO : Chief Financial Officer
CII : Confederation of Indian Industries
CRISIL : Credit Rating Information Services of India Ltd.
CRR : Cash Reserve Ratio

EMI : Equated Monthly Installment
EPS : Earnings Per Share
ESOP: Employee Stock Ownership Plan
FDI : Foreign Direct Investment
FICCI : Federation of Indian Chambers of Commerce and Industry
FII: Foreign Institutional Investor
GDP: Gross Domestic Product
GDR: Global Depository Receipt
GNP: Gross National Product
ICRA: Investment Information and Credit Rating Agency of India
IPO: Initial Public Offering
JIT: Just In Time
JV: Joint Venture
KPI: Key Performance Indicators
LIBOR: London Inter-bank Offered Rate
LIFO: Last In, First Out
M1: Money supply with public
MNC: Multi National Corporation
MOU: Memorandum of Understanding

NABARD: National Bank of Agriculture and Rural Development
NASDAQ: National Association of Securities Dealers Automated
Quotation
NASSCOM : National Association of Software and Service Companies
NAV : Net Asset Value
NPA : Non Performing Assets
NSE : National Stock Exchange
NYSE : New York Stock Exchange
OPEC : Organisation of Petroleum Exporting Countries
PLR : Prime Lending Rate
PPP : Purchasing Power Parity
RBI : Reserve Bank of India
SEBI : Securities and Exchange Board of India
SENSEX : Sensitivity Index (of Share Price on BSE)
SEZ : Special Economic Zone
SLR : Statutory Liquidity Ratio
SME : Small and Medium Enterprises
SWOT : Strengths, Weakness, Opportunities and Threats
VAT : Value Added Tax


Miscellaneous Information
Axis Bank Founded In: 1995
Founder(s): Government of India HQ: Mumbai
Trivia:
The name of the bank was changed from UTI because of the
pressure on UTI Bank to shed its brand name after the split of the
erstwhile UTI. There were several other companies using the UTI
brand and the board members wanted to separate themselves from
the other entities. Another reason, which is often cited, is that the
board members wanted to show that they are a private bank, an
image that the name UTI failed to convey.
Shikha Sharma was in line for the top post at ICICI before she
moved to Axis Bank as CEO in 2009

Bank of Baroda Founded In: 1908
Founder(s): Government of India HQ: Mumbai, India
Trivia:
Sayajirao Gaekwad III, Maharaja of Baroda State, set up Bank of
Baroda with its first branch in Ahmedabad.

Bank of India Founded In: 1906
Trivia:
Sassoon David, the lead promoter, came from the Baghdadi Jew
community.
Ratanji Dadabhoy Tata was on the first Board of Directors of BoI.
At least three other banks had used the name Bank of India prior to
this and had failed. They were incorporated in Kolkata in 1828,
London in 1836 and Mumbai in 1864.


Bombay Stock Exchange Founded In: 1875
Founder(s): - HQ: Dalal Street, Mumbai
Trivia:
The Bombay Stock Exchange is the oldest exchange in Asia.
The BSE is currently housed in Phiroze Jeejeebhoy Towers at Dalal
Street, Fort area.
The word SENSEX (SENSitive indEX) was coined by Deepak
Mohoni to represent the BSE30 stocks.
One of the long-lasting traditions on the BSE is of Muhurat Trading
in which brokers trade for a period of one hour on Diwali evening. It
dates back to over a century when the BSE began.
It started when 4 Gujarati and 1 Parsi stockbroker would gather
under banyan trees in front of Mumbai's Town Hall. The group
eventually moved to Dalal Street in 1874 and in 1875 became an
official organisation known as 'The Native Share & Stock Brokers
Association'.

Canara Bank Founded In: 1906
Founder(s): Ammembal Subba Rao Pai HQ: Bangalore
Trivia:
It opened a 'Mahila Banking Branch', first of its kind at Bangalore, for
catering exclusively to the financial requirements of women clientele.

Central Bank of India Founded In: 1911
Founder(s): HQ: Mumbai
Trivia:
It claims to have been the first commercial Indian bank completely
owned and managed by Indians.


HDFC Ltd. Founded In: 1977
Founder(s): Hasmukhbhai Parekh HQ: Mumbai
Trivia:
At 68, when Hasmukhbhai Parekh had already received many
honours and was stepping down from ICICI, he started a new
institution, the HDFC, the first of its kind for housing finance in
India.

HDFC Bank Founded In: 1994
Founder(s): HDFC HQ: Mumbai

ICICI Bank Founded In: 1955
Founder(s): World Bank, the Government of India and representatives
of Indian industry
HQ: Mumbai
Trivia:
ICICI Bank and Mohun Bagan have presented the ICICI Bank
Mohun Bagan Credit Card. They are the third club in the world to
have launched a co-branded credit card in their name after
Manchester United and Barcelona FC.

Life Insurance Corporation of India Founded In: 1956
Trivia:
In 1955, parliamentarian Amol Barate raised the matter of insurance
fraud by owners of private insurance companies. In the ensuing
investigations, one of India's wealthiest businessmen, Ram Kishan
Dalmia, owner of the Times of India newspaper, was sent to prison
for two years. This led to the creation of LIC by consolidating the life
insurance business of 245 private life insurers and other entities
offering life insurance services.


Multi Commodity Exchange Founded In: 2003
Founder(s): HQ: Mumbai, India
Trivia:
The highest traded commodity in MCX is Gold.
MCX is India's No. 1 commodity exchange with 83% market share in
2009.
It is currently going through a turmoil

Oriental Bank of Commerce Founded In: 1943
Founder(s): Late Rai Bahadur Lala Sohan Lal HQ: Delhi, India
Trivia:
It was founded in Lahore but the headquarters had to be shifted to
Amritsar because of partition. The then chairman, Karam Chand
Thapar (who also founded the Thapar Group) in a unique gesture
honoured the commitments made to the depositors from Pakistan
and paid every rupee to its departing customers.

Punjab National Bank Founded In: Lahore (1895)
Founder(s): Sardar Dayal Singh Majithia, Lala Lalchand, Kali Prosanna
Roy, Lala Harkishan Lal, EC Jessawala, Lala Prabhu Dayal, Bakshi Jaishi
Ram, Lala Dholan Dass
HQ: New Delhi, India
Trivia:
Lala Lajpat Rai was one of the founding fathers of PNB. He was also
the first to open an account with the bank when it was founded in
Lahore.
It started with an ambition of a Swadeshi Bank with Indian capital
and management representing all sections of the Indian community.


Reserve Bank of India Founded In: 1935
Trivia:
After India-Pakistan partition, the Reserve Bank served as the central
bank for Pakistan until June 1948 when the State Bank of Pakistan
commenced operations.
The Reserve Bank of India was set up on the recommendations of
the Hilton Young Commission.
Reserve Bank of India, Delhi has sculptures of the Yaksha and the
Yakshini representing mythical beings attendant on Kuber, the God
of Wealth.

State Bank of India Founded In: 1955
Founder(s): Government of India HQ: Mumbai, Maharashtra,
India
Trivia:
The symbol of State Bank of India is a circle and not a keyhole and a
small man at the centre of the circle. Circle depicts perfection and the
common man being the centre of the banks business.
The Bank of Calcutta, and two other Presidency banks, namely, the
Bank of Bombay and the Bank of Madras were amalgamated and the
reorganized banking entity was named the Imperial Bank of India on
27 January 1921. The Reserve Bank of India, which is the central
banking organization of India, in the year 1955, acquired a controlling
interest in the Imperial Bank of India and the Imperial Bank of India
was christened on 30 April 1955 as the State Bank of India.

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2014

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