This action might not be possible to undo. Are you sure you want to continue?
The Indian Banking sector is witnessing a lot of changes, which is being reflected by the number of vacancies released by Public Sector Banks. A recent report in the Economic Times suggests that the Public Sector Banks will release as many as 85000 Vacancies in the next three years. This is a perfect time for you to secure a job in a leading public sector bank! IMS would like to keep you updated with the opportunities that will come your way this year. We are pleased to launch the inaugural edition of the 'The Banker', our official IMS Newsletter. The newsletter will provide you with information on General Awareness, Notifications, Important Updates, News, Featured articles and lots more…. In this edition of 'The Banker' we feature the following:
? Expert Speak: Read what the Industry experts have to say about various
opportunities in the Banking sector.
? Corner: Read about the success story of Mr. Om Prakash Bhatt, the Success
current chairman of State Bank of India, who joined the Bank as a Probationary Officer.
? Trivia: Important Terms and Concepts that will give you a better understanding of
the Banking Sector
? Knowledge Quest: General
A quiz designed to help you test your General
xxxx xx xx xxxx
xxxx xxxx xx xxxx xxxx xxxx
xxxx xxxx xx xxxx xxxx xxxx
xxxx xxx xx xxx xx xxx
? Latest Notifications & opportunities: There are new vacancies being released
every month. We will be updating you about the latest notifications & Job opportunities that are being released by Public Sector Banks and Companies. I am sure that you will enjoy reading the Newsletter! Wishing you all The Best
The duration of probation ranges from one to two growing as a whole. Large number of people who had joined the banks in post nationalization era. With the GDP growth rate of above 9 percent. This training takes place in branches and to some extent in administrative offices of the bank. which the country expects to have in the years to come. The officers are also explained their role and responsibilities and vision. After satisfactory performance during this period the officers are confirmed in public sector Bank in the the service of particular bank. As a matter of fact now many countries are trying to learn from. on the job training is considered more important for new officers. years. The global turmoil that shook the world a couple of years ago and about which we have heard so much in the recent past . The direct recruitments by these public sector banks are made in both clerical and officers' cadre. now a days are recruiting young people like you in large numbers. Trainings 2 . There are seven levels of officers in public sector banks starting from Junior Management Grade Scale I to Top Executive Grade Scale VII. The induction training is usually in form of classroom training in which they get an idea of banking systems and procedures.EXPERT SPEAK A $ Career Path of Probationary Officers in Publication Sector Banks . While the Banking sector in India is growing as a whole. credit is given to the strength of our country' Banking system which has stood test of the time . mission and values of the bank they have chosen to work in. Almost all public sector banks have their own training establishments where such trainings are provided. Maximum number of direct recruitments in officers cadre are made in scale I which is the entry level position to join a public sector bank as an officer. Recruitment Levels There are 21 public sector banks in the country which are partly (with majority stake) or wholly owned by Government of India. and adopt the sound practices being followed by Banks and Banking system in our country. Innovate & Inspire'. bank's products and services. This position is most commonly known as Probationary officer or as Management Trainee in some cases.Now the robustness and resilience of Indian Banking system is acknowledged all over the world.The Author is a HR Professional from a Leading Public Sector Bank in India. The theme given for the conference held in 2010 was 'Transform to Outperform-Ideate. Banking sector in India is they are called probationary officers. Additional manpower is needed by the banks for their growth plans as well. The branches are main operating units of the bank and it is considered necessary country are really growing fast. technology used in bank etc. For this. You can also be a part of this growth story as these banks. E very year a high level conference of Bankers named BANCON (Bank conference) is held in our country. Practical. All public sector banks give much importance to train their new officers for grooming them to perform their job well. public sector Bank in the country are really growing fast. had least effect in India. It shows how the Banking sector in our country is trying to change itself as per needs of the times. are gradually retiring making room for new employees. Many of them have doubled their business and profits in last four-five years. the growth rate of these banks are also set to increase. As the directly recruited fresh officers are first put on probation.
Some of the officers get a chance to work in the administrative offices of the particular bank for one or more tenures. Administrative offices have various departments for functions like planning. loans to medium and small enterprises. From time to time officers are nominated for other training programmes conducted by the bank itself or by external institutions. very branches. banking business has a lot of variety. As you grow in the organization. HR. marketing. semi-urban. steel. Banks also have foreign exchange business. urban information technology etc. Placements In all likelihood when you join a bank as a probationary officer. holiday loan. urban and metropolitan branches. A bank officer works as an in-charge of a particular business segment. semi-urban. The on the job training may take place in one or more branches. telecom. Since last few years banks have started dealing in third party products viz insurance. cement. The training in administrative offices is brief and is meant to give an overview of control mechanism followed by the banks. foreign currency and other value added deposit schemes. That's why its said that smaller branches provide more work exposure. loans for purchasing consumer durables. gold coins etc. Micro finance i. customer service. public relations etc. More than 50 percent public sector bank branches are located in rural and semi-urban areas. tractors and for establishing high-tech agriculture units etc. or to purchase a demand draft. Work Areas Many of us would have gone to a bank branch just to open a savings bank account. big or small. say current deposits. agriculture sector and to corporate.A $ EXPERT SPEAK for officers to understand various functions of branch banking. The truth is. energy. Specialist Positions What we talked above relates to officers recruited for general banking stream. you will be taking up the responsibilities of larger segments or bigger branches. term. vehicle Bank's branches are loan. shipping. export. Under agriculture banks provide loans to farmers for buying and metropolitan seeds. If we take the deposit segment banks have schemes of savings. The canvas of credit segment is much bigger consisting of retail loans. small loans to poor people is also being taken up by the banks in a big way. Banks also recruits officers to work in 3 . Retail loans can be divided into housing loan. publicity.e. construction. Bank's branches are divided into rural. Under corporate credit banks extend loan facilities to big companies in industries like divided into rural. hospitality. Your span of work will depend on the size of the branch you are put into. After completion of one year or more you may be considered for the role of manager of a small branch where you'll have the overall responsibility of the branch. education loan. This should not make us believe that banking is limited to these few tasks only. For example if you are in a small branch you may be required to look after the entire deposit segment while in a big branch you will be will be looking after only a particular segment of deposit business. airlines. shares etc. after training you will be put in a branch. current. mutual funds.
Similarly those recruited as specialist officer. Promotions Every public sector bank has a defined promotion policy. This gives the officers opportunity to see different parts of our country.EXPERT SPEAK A $ specialized areas like law. Transferability An officer's job in a public sector has all India liability. Promotion to higher scale is decided upon the annual performance ratings. security. Promotion process for senior management position s exclude written test and there is more emphasis to judge the leadership qualities of the officer. 4 . It may surprise you to know that all those persons who are now chairmen or executive directors of public sector banks. can apply for promotion to next higher scale. if they want can spend a significant part of their tenure in their home state. As such. This exposure of working across different geographical locations is considered valuable for one's personality development. As banks are expanding fast. Working in a public sector bank you may help people to plan their finances well and also contribute in strengthening the nation's economy. More Opportunities Many of the public sector banks have foreign branches abroad. information technology. human resource management. Also some banks have subsidiaries to which officers from parent bank are deputed. Keeping with the times public sector banks have brought a lot many positive changes in their promotion policy as a result of which now getting promoted to the next higher grade has become easier and speedier for deserving candidates. to those with related specialised qualifications. integrity and dedication. Even though you may have joined the bank as a general banking officer the bank may provide opportunity to work in such specialized functions. Also a bank officer's job in India is considered of good social status. began their career as a junior officer and some even as clerks in some bank. subject to availability of suitable vacant positions. have the option to convert into general banking officer. With such changes now an officer joined in scale I can aspire to become a general manager of the bank in a matter of 17 years. Job Security Public sector banks offer adequate job security to all those who work with honesty. for deserving people sky is the limit for career growth in public sector banks. So you should be willing to work anywhere in the country where the bank has its branches. Under the policy an officer. Joining such banks may provide you opportunity to have international exposure as officers from India are deputed to manage these foreign branches. risk management etc. promotional opportunities are also going to increase. But officers. over a period of time. performance in written test/interview/group discussion. Normally transfers happen every 3-4 years. after completing a certain period in the scale.
The process of liberalization and globalization of the Indian economy had already begun. Bhatt. under the aegis of Mr. during his long career of 36 years with SBI. steadily improved its Global ranking from 107 in 2006 to 70 in 2007 and 57 in 2008. his hands-on approach to execution. Bhatt felt that the Bank was at the threshold of its "golden period". and with State Bank of India having the largest network of branches in the country and a strong IT platform already in place. which was the brainchild of Mr. The Bank. The Bank has. human resources and business processes are harnessed towards expansion and deeper penetration of the market. Bhatt took over the reigns of the State Bank of India at its most critical and challenging time. his close grasp of IT related issues. incidentally. With his deep knowledge of the market. Mr. O. He was the Project Coordinator for the Bank's computerization project from where he moved on to Regional Manager at Jaipur and then as Executive Secretary to the then Chairman of the SBI Group. with the economy growing like never before.A $ SUCCESS CORNER Chairman of SBI: Mr. 5 . Mr.30. P. has made rapid strides during the past 5 years. Bhatt has ushered in a Transformation Exercise at SBI which began with the Top Management and has been taken right down to the grass root level. both domestic and international. both domestic and foreign.000 employees of SBI in 100 days. Bhatt Date of Birth: 7th March. Bhatt including the “Banker of the Year” by Business Standard and CNN-IBN "Indian of the Year for Business". Bhatt has. covered 1. Mr. Bhatt began at SBI. Globalization had also brought with it critical issues of risk management and capital adequacy. under Mr. Mr. Bhatt. both in 2007. and taking effectivesteps to ensure that technology. O. a process of consolidating the Bank's strengths. Bhatt started his banking career as a Probationary Officer with State Bank of India in 1972. as the largest ever programme of its kind.1951 Education Qualification: Master of Arts (English) Beginning Mr.P. innovating new products to suit today's market. and his proven ability to plan and strategise. A testimony to this is the number of awards conferred on the Bank and on Mr. The Bank's ranking in the list of Fortune 500 companies has similarly moved up from 495 in 2006 to 380 in July 2008. Bhatt and is hailed by the industry. held several important assignments in India and abroad including stints at the Bank's London and Washington Offices. bringing with it both opportunities and threats. 'Parivartan' – a change management capsule programme. O. the only Indian bank in this list. The private sector banks had begun to flourish in the Indian banking industry. On the other hand. and is.P. providing unprecedented competition to public sector banks like State Bank. Mr.
Nilanjan Banerjee following is/are the components 4.Dr.Dr. 14] Who has won the Leelavati Award? 1.None of these Chancellors”? 3] Many a times we read in 1.None of these 6 . to control its fiscal Deficit? 1.Rakesh Mohan of the Public Debt? 5.Vidya Stokes (1)Only 1 (2) Only 2 (3) 1 & 2 2.Market Loans 9] Who has been elected the 2.John Ball 3.B.Land Revenue 4.Lawn tennis 2.M. Y.Narasimhan 2.Jaishankar Ganesh stating that their products are 4.Shahbuddin Yaqoob Quraishi 3. Raghunathan 5. None of these. Lord Bhikhu Parekh 3.None Of These these Rating agencies classify 5] Which Indian film Maker has bonds/investments in how many been awarded with honorary categories? degree by the school of 'Oriental 1. Harold Laski 5.B.None of these 7] Agha Khan Cup is Associated 2] Which of the following Acts help with the game of ____________ Union Govt. R H. Reddy (1)Only 1 (2) Only 2 (3) Only 3 (4) 3.Hockey 3.Kalidas Samman 1.Cricket 2.Saraswati Samman 3.Dr. 2 &3 3. 2 & 3 (5) None of these 4.Dr.N.Aparna Sen 5. Which of the 3. Michael Oakeshott 4.None of these 1.High Risk 2.None of these of Booth School of Business? 10] Very often we see in the 1. Sudhir Parikh 2.Gopalswami 4.Prakash Jha 3.Dr.B. Tondon 5.GQUEST A $ 11]Indian-American Physician _________ has been awarded by US Congress 1.Simon Lehna Singh 4.Income Tax 5. New Zealand 3.M.Customs 2. England 4. Subhash Jain 5.Yash Chopra 1. Reddy Public Debt.S.Low Risk and African Studies'? 2.Mustaque Ahmed 4] Who has been appointed the Dean 5.Football 1. Depak Chopra 4.None of these 13] Who has been chosen for “Great British Political Philosophers of the 20 Century” by the prestigious Political Studies Association of UK? 1.Golf Management Act 5.None of these 5.Kabir Samman 4.Fiscal ResponsibilitY & Budget 4.External Loans President of hockey India? 3.? 1.Sunil Kumar given high or average Ratings 5.Edward A. Tawney 2.Average risk 1. Ichak Adizes 3.Arjuna Award 2.Banking companies Act 8] Who amongst the following is the 4.Pargat Singh (4)Only 3 (5)1.Both 1 and 2 author of the book.N. None of these 1] Who has been appointed as a chief 6] Which of the Following Awards election commissioner of India? is given for Excellence in Films? 1.None of these 15] World oldest Test cricketer Eric Tindill has passed away.Narinder Batra 4. C. “Three 5.Navin Chawla 2.Outstanding against Saving Schemes /Provident Funds 1. Snyder advertisement published by 2. Rangarajan financial newspaper about 2.None of these 12] Which of the following taxes is not levied by the Union Govt. V.Nitin Nohria Financing Institutes/Agencies 3.Finance Act 3. S.Corporate Tax 3.Dr. He belonged to which country? 1. Australia 2. South Africa 5.
M. Singh 4.Munich 4.Abhinav Bindra 3.Lalit Modi 4. 2.75 cr 2. 19]The maximum revenue earned by Govt.Growing Competition 3.None of these 21]Which of the following policies of the country brings a crucial impact on the economic growth of the nation? 1. 3.75 cr 4.Foreign Policy 3.Uttar Pradesh 5.Singh 4.75 cr 3.Public Private Partnership 3.Fiscal Policy 2.Employ more and more people 2.Maximize total profits 3.None of these 18] What is Repo Rate? 1.None of these 23] Who is the sixth Indian batsman to score 7000 runs in Test Cricket? 1.Appu 2.Margaret Alva 5.Public Debt Division of the RBI 2.Shashank Manohar 5.Ministers of Foreign Affairs 5.Zagreb 2.None of these 17] At which place was 50th ISSF World Shooting Championship held? 1. 1.RBI or any branch of a bank which is authorized for such business 4.Customs Duty 3. Securities from banks.Bihar 3.IT Initiatives (1)Only 1 (2) Only 2 (3) 1 and 2 (4) 2 and 3 (5) 1.Alan Isaac 2. 2 & 3 25] Who has been appointed as a Vice President of International Cricket Council? 1.Shera 4.A36.None of these 20]Who is the First Indian Shooter to qualify for London Olympics? 1. 1.None of these 29]The centre has released _______ for the Swan River Flood Management and Integrated Development project in Himachal Pradesh's Una district.Maharashtra 2.Gagan Narang.B.Moscow 5.Partial Payment Project 4.It is a rate which is offered by banks to their most valued customers or prim customers. He/she should go to ______________.Social Policies (1)Only 1 (2) Only 2 (3) 1 and 2 (4) 2 and 3 (5) 1.P.It is a rate at which RBI sell Govt. 1.D.Sell the goods at subsidized Cost 5.A 16]In economics it is generally believed that the main objective of a Public Sector Financial companies like bank is to _____.Preferential Payment Plan 2. securities to banks. 2 & 3 22]________ will be the mascot for the 2011 cricket world cup. of India comes from ______. 1.Risk Based Management 2.A34.Barin Ghosh 2.V.Dinakaran 3. Sehwag 2.A33.West Bengal 4.Maximize total production 4.A35.Rajyavardhan Singh Rathore 4.Value Added Tax 5.It is a rate at which RBI buys Govt.Popular Private project 5.American Express Bank 3. Tendulkar 3.None of these 24]Which of the following is/are the major concepts visible in today's banking industry in India? 1.Y. 1.None of these 27] Who is the Chief Justice of Sikkim High Court? 1.David Leggat 3. Dhoni 5.Misha 5.Lahti 3.Jaspal Rane 5.Excise Duty 4. 4.Income Tax 2.75 cr 5. authorities on 'PPP' basis.None of these 7 .P.S.None of these 30] Many times we see in newspaper that some projects are launched by the Govt.It is a rate at which RBI allows small loans in the world. 2. What is the full form of 'PPP'? 1.S.Stumpy 3.None of these $ GQUEST 26]Which among the following states has the highest population density? 1.None of these 28]A customer wishes to purchase some US dollars in India.
15 August 46] DRDO successful conducts ____________ consecutive Interceptor Missile Test 1.GQUEST A $ 42] What is the full form o “AFSPA”? 1.18% 3.Four Yrs 2.Reserve Bank of India 3.paid Female Athelete? 1.None of these 41] Which of the following is the full form of G in 'G-Sec'. Ustad Bismillah Khan Yuva Puraskar was instituted? 1.Planning Commission of India 5.State Bank of India 5.Javed Akram 3.Nirmala Deshpande 2.14% 2.Brinjal 3.Sugarcane 2. 1.None of these 34] 7th LG ICC awards ceremony was held in _____________.Global 3.State Bank of India 4.Bt.France 4.24% 4.Air Force Special Protection Area 2.None of these 45]"Hiroshima Day" is observed on which of the following dates? 1.Armed forces Special Planning Act 5.None of these 8 .Good 2.China 3.9 August 3.NABARD 2.Italy 5.Delhi 3.2003 2.2006 5.17th 2.Guaranteed 4.18th 3.25% 5.None of these 43] 'Yen' is the currency of _________ 1.None of these 39] The Monetary and Credit Policy is announced by which of the following? 1.Pakistan 3.20th 5.Six Yrs 4.Serena Williams 2.Venus Williams 3.Lucknow 5.2004 3. who is world's highest.Seven Yrs 5.Maria Sharapova 5.Japan 2. Cotton 4.None of these 36] India's first transgenic crop was __________ 1.None of these 31]What is the Statutory Liquidity Ratio at present? 1.Shamsur Rahman Faruqi 4.Fourth 4.India 4.None of these 37] The 2010 Commonwealth Games was the _____ Commonwealth Games.Second 2.Bengaluru 2.Muhammad Amjad Saqib 5. 1.None of these 32]Which among the following is the venue of the 17th SAARC summit? 1.Maldives 2.Asian Development Bank 3.Jaipur 4. the term we see every now and then in Banking / Finance related operations? 1.Potato 5.World Bank 4.None of these 35] Which organization makes major credit policies for the Regional Rural Banks? 1.None of these 44] Who has been chosen for “Sitara-e-Imtiaz” honour? 1.Armed Forces Special protection Act 4.None of these 33]In which year.Fifth 5.Ministry of Finance in Centre 2.SriLanka 5.19th 4.Sania Mirza 4.Armed Forces Special Power Act 3.None of these 38] According to Forbes.Government 5.12 August 4.Five Yrs 3.2005 4.Third 3.None of these 40] The President of India is elected for a term of ____________ 1.6 August 2.
1945-2010' report.Parsi 4. which countries has bigger nuke arsenal than India? 1.one-stop solution for General Awareness preparation To renew/subscribe to GQ log on to www.None of these 48] Centre has approved the proposal to enhance the retirement age of High Court Judges from 62 to _________ 1. Canberra 5. Chicago 4.America 4.2020 4.8 billion and it will reach 9.Chhattisgarh 5.4 billion by 2050 2. 1.Britain 5.None of these 51] Which of the following statements is/are TRUE about US Population Reference Bureau Research? 1..Pakistan 2.Russia 3.63 2.None of these 50] Prime Minister Dr.72 5.The population of Europe will decline due to low birth rate (1)Only 1 (2) Only 2 (3) 1 and 2 (4) All are True (5) None of These 52] According to a report of 'Global Nuclear Weapons Inventories. Paris 3.2 billion and it will creep up to 1.None of these $ GQUEST 55] According to the survey of Pew Research Centre.The current population of the world is 6.. 1.Hindu 5.2015 3. Every fifth American thinks Obama is a ___.None of these 53] Which country has successfully launched two intercontinental missiles Sineva? 1.Iran 2.Afghanistan 3.Christian 2.America 4.imsindia.None of these 54] Hard Rock Café is Building world's tallest guitar in _______.65 3. Dubai 2.70 4.com/GQ 9 . Ubaidur Rahman 3.Janab Syed Mohammed Ali Shihab Thangal 2. Manmohan Singh has released a commemorative stamp on___________ 1.2012 2.India's current population is 1.Syed Ahmed Khan 4. 1.2025 5.Madhya Pradesh 3.India 5.Maulana Mohammad Ali 5.A 47] Which state Governments has announced a surrender-cumrehabilitation policy for the Maoist Guerrillas? 1.7 billion by 2050 3. None of these Answer Key (1) 2 (2) 2 (3) 5 (4) 4 (5) 3 (6) 5 (7) 5 (8) 3 (9) 1 (10) 4 (11) 1 (12) 3 (13) 2 (14) 3 (15) 2 (16) 2 (17) 3 (18) 2 (19) 3 (20) 1 (21) 5 (22) 2 (23) 1 (24) 5 (25) 1 (26) 3 (27) 2 (28) 3 (29) 1 (30) 2 (31) 4 (32) 1 (33) 4 (34) 1 (35) 1 (36) 3 (37) 3 (38) 4 (39) 2 (40) 2 (41) 4 (42) 2 (43)1 (46)3 (51)4 (47) 3 (48)2 (52)1 (53)2 (44) 3 (45) 1 (49)3 (54)1 (50)1 (55)2 .None of these 49] Union Human Resource Development Minister Kapil Sibal had set a target of 30 percent students reaching universities in India by________.Assam 2.West Bengal 4.S.Muslim 3.
They provided enough of practice tests because of which I was well prepared before the exam day. I would advise my friends to remain focus on their goal.Prasanjit Sharma 10 . . Student of IMS Guwahati IMS Courseware is designed in such a way that it covers all the topics.Sandip Mullick (SBI Clerical). ? Regular Study: Devote 2 – 4 hours on a daily basis to revise different topics. Remember your aim is not to attempt all questions but to select the easy questions and attempt them correctly. ? Do not hesitate to skip a question. . ? Try to identify the type of questions you are comfortable with. Create a Study Plan to organize your preparation. Allahabad Bank-PO(working)]. Student of IMS Guwahati Tips to crack BANK PO Exams ? the topics which are tested in the PO test are ones that you have already studied in your school days.Sandip Mullick Hard work has no substitute. ? a practice test you must review your performance by After taking ?all non-attempted questions Solving ? questions you have got wrong Reviewing Taking Practice Tests regularly will help you monitor and track your performance during the course of your preparation. The content is simplified which helped me understand difficult topics. I would advise others to practice as much as possible as practice can only motivate them.STUDENT SPEAK A $ IMS helped me at every stage from building concepts to enhancing speed. Revise: All Ensure that you brush up the fundamental concepts. . Mock tests were of great help to me as it increased my confidence and speed. . start off your test with these questions to get into right frame of mind. Indian Bank-PO.Prasanjit Sharma [Bank of India-PO.
SLR is used to control inflation nd Key Rates & Ratios As of 2 Nov. to drain out the excessive money from the banks. 2. the available amount with the banks comes down. Time Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. 4. CRR 6. What is Bank Rate? A: Bank rate. SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit. borrowing from RBI becomes more expensive. RBI uses this method (increase of CRR rate). also referred to as the discount rate. is the rate of interest which a central bank charges on the loans and advances that it extends to commercial banks and other financial intermediaries.25 % 6% 11 .A 1. 2010 and propel growth. Banks are always happy to lend money to RBI since their money is in safe hands with a good interest.00 % 5. SLR is determined as the percentage of total demand and percentage of time liabilities. SLR Rate Repo Rate Reverse Repo Bank Rate 24% 6. A reduction in the repo rate will help banks to get money at a cheaper rate. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to the attractive interest rates. or gold or govt. Through SLR rate tuning the money supply in the system can be controlled efficiently. What is a Repo Rate? $ TRIVIA A: Repo rate is the rate at which our banks borrow from RBI. Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. 3. approved securities (Bonds) before providing credit to its customers. What is SLR Rate? A: SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash. What is Reverse Repo Rate? A: This is exact opposite of Repo rate. Whenever the banks have any shortage of funds they can borrow it from RBI. When the repo rate increases.25 % 5. If RBI decides to increase the CRR Rate. What is CRR Ratio? A: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. RBI uses this tool when it feels there is too much money floating in the banking system. Changes in the bank rate are often used by central banks to control the money supply.
Ltd. sold or distributed without the written consent of IMS Learning Resources Pvt.: +91 22 66680005 Fax: +91 22 66680006 Email: ims@imsindia.NOTIFICATIONS Bank SBI A $ Post & Vacancies 6100 Clerks 700 PO 300 Clerical Posts 1050 PO 80 Officers 1165 PO 1640 Clerks 100 PO Date of Exam 16-Jan-11 16-Jan-11 30-Jan-11 30-Jan-11 6-Feb-11 6-Feb-11 16-Jan-11 27-Feb-11 Punjab & Sind Bank Punjab & Sind Bank UCO Bank RBI Union Bank of India Corporation Bank of India Dena Bank For Detailed information on important dates. printed. and any such violation would entail initiation of suitable legal proceedings..imsindia.com Website: www. eligibility criteria. free question paper and forum for discussion log on www. Ltd. Mumbai . Bandra (E). Ltd.com/bankexams © IMS Learning Resources Pvt. NCL Bandra Premises. 12 .com/bankexams A division of IMS Learning Resources Pvt. 6th Floor.400 051. Mumbai. Tel. Ltd. All copyrights to this material vests with IMS Learning Resources Pvt. Corporate Office: E-Block.imsindia. No part of this material either in part or as a whole shall be copied. Bandra Kurla Complex. electronically reproduced.