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Table of Content - GA Awareness Capsule For IBPS RRB PO, Clerk, SBI Clerk Mains 2021
Table of Content - GA Awareness Capsule For IBPS RRB PO, Clerk, SBI Clerk Mains 2021
Table of Content | GA Awareness Capsule for IBPS RRB PO, Clerk, SBI Clerk Mains 2021
Part A | Current Affairs Capsule for IBPS RRB PO, RRB Clerk & SBI Clerk Mains 2021 2
Most Important Current Affairs August 2021 2
Most Important Current Affairs July 2021 6
Most Important Current Affairs June 2021 9
Most Important Current Affairs May 2021 11
Most Important Current Affairs April 2021 13
Banking Current Affairs 14
Economy/Financial/Business Current Affairs 20
India’s GDP Reports by Different Organization 22
Agreements/Memorandum of Understandings 23
New Appointments: National 26
New Appointments: International 30
Awards & Recognition 31
Summits |Events |Festivals (National/International) 35
Committees in News 38
National Current Affairs 38
Current Affairs Related to States in India 44
International Current Affairs 51
Obituaries (National/International) 55
List/Indexes (Ranks & Reports) 58
Important Days (April-August 2021) 61
Books & Authors 65
Defense Current Affairs 67
Sports Current Affairs 71
Science & Technology 76
Schemes Launched By Union & State Govt.s 79
Miscellaneous Current Affairs | One-Liners 80
Static Take Away | Country/Currency/Leaders 85
Static Take Away | International Companies & HQ 86
Static Take Away | National Companies & HQ 87
Static Take Away | International Organizations & HQ 88
Static Take Away | National Organizations & HQ 90
Part B | Banking Awareness Capsule for IBPS RRB & SBI Mains 2021 92
Part C | Static Awareness Capsule for IBPS RRB & SBI Mains 2021 112
14 Tiger Reserves of India get (CA|TS) Recognition 7 Indian Companies Feature in Fortune Global 500 list
for 2021
From India, 14 tiger reserves received the accreditation of
the Global Conservation Assured Tiger Standards (CA|TS), Seven Indian companies have found a place in 2021
on the occasion of International Tiger Day on July 29, 2021. Fortune’s Global 500 list.
National Tiger Conservation Authority (NTCA) recognized Fortune Global 500 is an annual ranking of the top 500
the ‘BaghRakshaks’ for their efforts in protecting Tigers & enterprises globally, as measured by business revenues.
forests. Mukesh Ambani-led Reliance Industries Ltd is the highest-
CA|TS is a set of criteria that allows tiger sites to check if ranked Indian company on the list in terms of revenue, with
their management will lead to successful tiger conservation. revenues of nearly $63 billion. It is placed at 155th spot
globally.
Khel Ratna Award renamed as Major Dhyan Chand Khel Globally, Walmart has topped the list in terms of revenue for
Ratna Award the eighth consecutive year.
PM Modi announced that Rajiv Gandhi Khel Ratna Award China dominated this year’s list for the highest number of
will be renamed as Major Dhyan Chand Khel Ratna Award. companies featuring in the list at 143.
Dhyan Chand, whose birthday is celebrated as National
Sports Day, won three Olympic golds for the country in Indian Companies in the list:
Hockey. • Reliance Industries (155)
The award was inaugurated in 1991-92, the award • State Bank of India (205)
comprises a medallion, a certificate, & a cash prize of ₹ 25 • Indian Oil (212)
lakh. The first recipient of the Khel Ratna was chess legend, • Oil & Natural Gas (243)
Viswanathan Anand. • Rajesh Exports (348)
• Tata Motors (357)
RBI announces its bi-monthly monetary policy | August • Bharat Petroleum (394)
2021
RBI announced its bi-monthly monetary policy. This is the
seventh time in a row that the Monetary Policy Committee
(MPC) headed by RBI Governor Shaktikanta Das has
maintained the status quo.
The Marginal Standing Facility (MSF) rate & bank rates
remain unchanged:
• Policy Repo Rate: 4.00%
• Reverse Repo Rate: 3.35%
• Marginal Standing Facility Rate: 4.25%
• Bank Rate: 4.25%
• CRR: 4%
• SLR: 18.00%
Medal Tally:
Shakib Al Hasan, Stafanie Taylor voted ICC players of
United States has topped the overall medal table with 113
the month for July
medals, which includes 39 Gold, 41 Silver & 33 Bronze Medal.
Indian Contingent managed to win 7 medals comprising 1 Bangladesh all-rounder Shakib Al Hasan & West Indies
Gold, 2 Silver & 4 Bronze Medals. The country stood at the skipper Stafanie Taylor were named the ICC Player of the
48th position in the medal table out of 86 countries. Month for July in men’s & women’s categories.
Top 3 Nations in the Medal Tally: 4 more sites in India added to Ramsar list
• United States: 113 (Gold: 39, Silver: 41, Bronze: 33) Four more wetlands from India have been added to the list
• China: 88 (Gold: 38, Silver: 32, Bronze: 18) of Ramsar sites, giving it the status of ‘Wetland of
• Japan: 58 (Gold: 27, Silver: 14, Bronze: 17) International Importance’.
With this, the total number of Ramsar sites in India have
India in the Tokyo Olympics 2020 reached 46, covering a surface area of 1,083,322 hectares.
India finished the Games with its best-ever Olympic medal The sites have been recognised as wetlands of international
tally of 7 in Tokyo Games 2020, surpassing the previous best importance under the Ramsar Convention. Two of these
record of 6 medals at the 2012 London Olympics. sites are in Haryana, while the other two are in Gujarat.
MC Mary Kom, & men’s hockey team skipper, Manpreet
These sites are:
Singh, were flag-bearers for the Indian contingent at the
• Thol, Gujarat
opening ceremony.
• Wadhwana, Gujarat
Bronze-medalist Bajrang Punia was the flag-bearer at the
• Sultanpur, Haryana
closing ceremony of the event.
• Bhindawas, Haryana
Cannes Film Festival 2021 winners list announced Yunus, whose pioneering micro-lender has been hailed for
cutting poverty across the globe, will be honoured for “his
The Cannes Film Festival 2021 concluded. The jury, extensive work in sport for development.
presided by Spike Lee, presented the awards at the Closing The Olympic Laurel was created five years ago to recognise
Ceremony. Julia Ducournau won the Cannes’ top prize, endeavours in culture, education, peace & development
the Palme d’Or, for her film Titane, making her the second through sport. It was given for the first time at the 2016 Rio
woman ever to win the award. Games to Kenyan former Olympian Kip Keino, who
List of Cannes 2021 winners in key categories: opened a children’s home, a school & an athletes’ training
• Palme d’Or: Julia Ducournau for Titane (France) centre in his home country.
• Grand Prix (TIE): Ashgar Farhadi for A Hero (Iran) & RBI allows loans up to Rs 5 cr to other banks' directors
Juho Kuosmanen for Compartment No.6 (Finland)
• Best Director: Leos Carax Annette (France) RBI overhauled rules for extending loans to directors of
• Best Actress: Renate Reinsve for Worst Person in the other banks & relatives of directors.
World (Norway) As per the amendments, the central bank has allowed banks
• Best Actor: Caleb Landry Jones for Nitram (US) to extend personal loans up to ₹5 crores to directors of other
Bangladesh Nobel laureate Muhammad Yunus to get banks & directors' relatives other than spouses without
board approval. The earlier limit for such loans was ₹25 lakh.
Olympic Laurel
Union Culture Minister announced that around six cultural Ayushman Bharat Diwas: April 30
heritage sites added to the UNESCO World Heritage Sites. Every year, the Ayushman Bharat Diwas is celebrated on
With this, the total number of sites in the UNESCO World April 30 in India. The Ayushman Bharat Diwas is celebrated
Heritage Sites Tentative list has increased to 48. to achieve twin missions.
India ranks 140th in WEF’s gender gap index 2021 • Best Film: Nomadland
• Best Director: Chloe Zhao (Nomadland)
India slipped 28 places to rank 140 among 156 countries in
• Best Actor in a Leading Role: Anthony Hopkins (The
the Global Gender Gap Report 2021, by World Economic
Forum. In 2020, India ranked 112th among 153 countries. Father as Anthony)
Iceland has topped the index. • Best Actress in a Leading Role: Frances McDormand
Bangladesh is the best performer in South Asia. (Nomadland as Fern)
The Global Gender Gap Report 2021 is the 15th edition of • Best Film Not in the English Language (Another Round)
the annual publication by WEF.
• Rising Star Award: Bukky Bakray
Jeff Bezos tops Forbes’ Annual Billionaire list fourth Academic Ranking of World Universities 2020 published
year in a row
The 2020 Academic Ranking of World Universities
The Amazon.com Inc founder, Jeff Bezos has topped (ARWU) is released by Shanghai Ranking Consultancy.
Forbes’ annual world’s billionaires list for the fourth Indian Institute of Science (IISc Bangalore) secured the top
consecutive year. India’s richest billionaire Mukesh Ambani position among the best higher education institutes in India.
ranked at 10th position with a total net worth of USD 84.5 Calcutta University became the best varsity in the country,
billion. as per Academic Ranking of World Universities (ARWU
Top Billionaires on the list 2020).
Indian institutes are not even in the top 100 list, the best
Rank Name Company Net Worth
higher education institute, (IISc Bangalore) is in the category
in USD ($) of 501- 600.
1 Jeff Bezos Amazon 177 billion Best Institute Ranking Index | Rank 1: Harvard University.
2 Elon Musk Tesla, SpaceX 151 billion
To perpetuate the 50th anniversary of the first One-Day Nation celebrates National Panchayati Raj Day on 24 April
International, five ODI cricketers of the decade have been every year.
listed in Wisden Almanack’s 2021 edition. The Ministry of Panchayati Raj organizes the National
The List of winners: Panchayati Raj day or the National Local Self Govt. Day.
• India captain Virat Kohli Wisden Almanack’s ODI player of
the 2010s.
• Sachin Tendulkar is the ODI Cricketer of the 1990s.
• Kapil Dev was named as the ODI Cricketer for the 1980s.
• England all-rounder Ben Stokes is ‘Leading Cricketer of the
Year’.
• Australia’s Beth Mooney is ‘Leading Women’s Cricketer in
the World’.
• West Indies all-rounder Kieron Pollard was adjudged the
‘Leading T20 Cricketer in the World’.
Agreements/Memorandum of Understandings
HDFC Bank & Paytm partnered to build comprehensive decided to accept the invitation to join the Coalition for
solutions across payment gateway, point of sale machines & Disaster Resilient Infrastructure (CDRI). CDRI is a coalition
credit products. This includes Paytm Postpaid which is a Buy of national govt.s, UN agencies, multilateral development
Now Pay Later (BNPL) solution, Eazy EMI & Flexi Pay. banks & the private sector which aims to promote resilience
HDFC Bank SmartHub solutions is an integrated platform of new & existing infrastructure to climate & disaster risks.
offering merchants a one-stop solution shop for all their UNICEF India & Facebook launched a one-year joint
business needs payments. initiative on ending violence against children with a special
NITI Aayog in partnership with Cisco launched the next focus on online safety. The partnership seeks to create a safe
phase of the Women Entrepreneurship Platform (WEP) environment for children online & offline.
titled “WEP Nxt” to foster women entrepreneurship in Indian Navy inked MoU with the Infrastructure
India. It is is a first-of-its-kind, unified portal that brings Development Finance Company (IDFC) First Bank to
together women from diverse backgrounds & offers them initiate ‘Honour FIRST’. ‘Honour FIRST’ is a premium
banking solution for serving personnel & veterans of the
access to a multitude of resources, support, & learning.
Indian Navy.
Govt. of India & Maldives inked the contract for the mega
Indian Bank signed an MoU with the Paralympic
Greater Male Connectivity project (GMCP). It is the largest-
Committee of India (PCI) as one of the banking partners of
ever civilian infrastructure project in the Maldives. GoI is
the Paralympic Games scheduled to commence from
funding the implementation of GMCP through a USD 400 August 24 in Tokyo, Japan. President of the Paralympic
million Line of Credit (LoC) & USD 100 million grant. The Committee of India is Deepa Malik.
USD 400 million LoC will be provided by the Export-Import
Haryana govt. signed MoU with ‘Walmart Vriddhi’ &
Bank of India (Exim Bank). It is developed by Indian
‘Haqdarshak’ to create a pathway for Indian MSMEs’
construction & engineering firm, AFCONS, based in
products to move to the international markets.
Mumbai, Maharashtra.
US Agency for International Development & US BRICS signed an agreement for cooperation in remote
International Development Finance Corporation (DFC) sensing satellite data sharing, as per ISRO. The pact enables
would jointly sponsor a $50 mn. loan portfolio guarantee to building a virtual constellation of specified remote sensing
Kotak Mahindra Bank to support increased financial access satellites of BRICS space agencies.
to women borrowers, & MSMEs in India. Facebook India launched the “Small Business Loans
Indian Bank entered into MoU with the Society for Initiative” in India in partnership with the online lending
Innovation & Entrepreneurship (SINE) – an initiative of IIT, platform Indifi. India is the first country where Facebook is
Bombay – for extending exclusive credit facilities to startups rolling out this programme. The objective is to help small &
& MSMEs. The Bank will extend loans of up to 50 crore medium businesses (SMBs).
rupees. Kotak Mahindra Bank launched a platform named ‘Neo
World Bank approved a USD 250 million projects in India for Collections’, which is a Do It Yourself Digital Repayment
a long-term dam safety program & improving the safety & Platform for missed loan repayments.
performance of existing dams across various states of India.
NPCI International Payments Ltd (NIPL) partnered with
Second Dam Rehabilitation & Improvement Project
(DRIP-2) agreement was inked between the World Bank, Mashreq Bank to launch the payment system facility of UPI
the Govt. of India, the Central Water Commission, & govt. in the UAE. Mashreq Bank is the oldest privately owned
representatives from 10 participating states. bank in the United Arab Emirates.
ICICI Prudential Life Insurance tied up with NPCI to provide Arun Jaitley National Institute of Financial Management
a Unified Payments Interface Autopay facility to its & Microsoft announced a strategic partnership to build an AI
customers. & emerging technologies centre of excellence at AJNIFM.
India emphasized the implementation of the recently- PhonePe partnered with Flipkart to launch a contactless
signed MoU with Bangladesh over disaster management, ‘Scan & Pay’ feature for Flipkart’s pay-on-delivery orders.
resilience & mitigation on a priority basis. Bangladesh has
Committees in News
Central govt. set up a 25-member development council for BCCI formed a seven-member working group, to look into
the cement industry under Dalmia Bharat Group CMD, the compensation package for the domestic players & the
Puneet Dalmia. The council will suggest ways to eliminate other aspects of domestic cricket.
waste, obtain maximum production, improve quality, Govt. extended the deadline for making payment under the
reduce costs & promote standardization of products. direct tax dispute settlement scheme ‘Vivad Se Vishwas’ to
Central Govt. formed a nine-member panel for the provide relief to the taxpayers facing hardships amid the
development of an Open Network for Digital Commerce pandemic.
(ONDC), designed to curb digital monopolies. This ONDC International Financial Services Centres Authority
project is initiated by the Department of Promotion of constituted an expert committee on Investment Funds. It is
Industry & Internal Trade (DPIIT). formed under the Chairmanship of Nilesh Shah, Managing
Director of Kotak Mahindra Asset Management Co. Ltd.
Obituaries (National/International)
Person Died Profession/Famous In?
Politician (National-International)
1. Kalyan Singh Former Chief Minister of Uttar Pradesh
2. Virbhadra Singh Senior Congress leader & former Himachal Pradesh CM
3. Mamnoon Hussain Former president of Pakistan
4. Poul Schlueter Former Denmark’s PM
5. T.M. Kalliannan Gounder Last surviving former member of the Indian Constituent Assembly. Reportedly
the youngest member in the Constituent Assembly.
6. Sir Anerood Jugnauth Former PM & President of the Republic of Mauritius
7. Kenneth Kaunda First President of Zambia
8. Jagmohan Malhotra Former Jammu & Kashmir Governor
9. Ajit Singh Former Union Minister & Rashtriya Lok Dal (RLD) founder & leader
10. KR Gouri Amma Senior-most communist leader of Kerala
11. Rajeev Satav Senior Congress leader & Rajya Sabha MP
12. Chaman Lal Gupta Senior BJP leader & former union minister
13. Jagannath Pahadia Senior Congress leader & former Rajasthan CM
14. Bhagwati Singh Founder member of the Samajwadi Party & former UP minister
15. Digvijaysinh Zala Former Union Environment Minister & an MLA from Wankaner in Gujarat
16. Bachi Singh Rawat Senior BJP leader & former Union Minister
17. Walter Mondale Former American politician, diplomat, & 42nd VP of the United States
18. Idriss Deby Itno President of the Republic of Chad
'Singer/Musician (National-International)
19. P.S. Banarji Noted Kerala Cartoonist, sculptor & folk singer
20. ‘Kalaimaamani’ Sikkil Shri R Noted Carnatic Classical Violinist
Bhaskaran
21. Fakir Alamgir Bangladesh’s legendary folk singer
22. Pandit Debu Chaudhuri Sitar maestro
23. Vanraj Bhatia Veteran Music Composer
55 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App
General Awareness Capsule for IBPS RRB PO, RRB Clerk & SBI Clerk Mains 2021
Person Died Profession/Famous In?
24. Anup Bhattacharya Freedom fighter & Swadhin Bangla Betar Kendra musician
25. “Laxman” Renowned music director
26. Farid Sabri Qawwali singer
27. Shravan Rathod Veteran music composer
28. Pandit Rajan Mishra Renowned Hindustani classical singer
29. Dadudan Pratapdan Gadhvi Veteran Gujarati poet & folk singe
Actor/Director/Producer (National-International)
30. Anupam Shyam Veteran actor
31. Saranya Sasi Popular Malayalam film & television actor
32. Anandha Kannan Tamil star & popular TV host
33. Sean Lock British comedian
34. Raj Kaushal Filmmaker
35. Mohammed Yusuf Khan, known as Legendary Bollywood
Dilip Kumar
36. Richard Donner Ace filmmaker
37. Surekha Sikri Three-time national award-winning actress
38. Urmil Kumar Thapliyal Renowned theatre personality & litterateur
39. Jayanthi The well-known southern actor
40. Buddhadeb Dasgupta National award-winning eminent Bengali film Director
41. Bikramjeet Kanwarpal Actor
42. Abhilasha Patil Actress
43. Shashikala Om Prakash Saigal Veteran film & TV actress
44. P. Balachandran Malayalam screenwriter, filmmaker, dramatist & actor
45. Satish Kaul Veteran actor
46. Vivek Renowned Tamil actor & comedian
47. Sumitra Bhave Acclaimed Marathi filmmaker
48. Kishore Nandlaskar Veteran actor
49. Amit Mistry Popular Gujarati & Hindi film actor
Author/Journalist/Activist/Painter (National-International)
50. Buddhadeb Guha Eminent Bengali writer
51. Rohit Sardana Renowned TV journalist & news anchor
52. Padma Sachdev Padma Shri awardee & noted author (1st modern woman poet of Dogri language)
53. K.V. Sampath Kumar Editor of ‘Sudharma’ Sanskrit Daily
54. Danish Siddiqui Pulitzer Prize-winning Indian photojournalist
55. Siddalingaiah Noted Kannada poet, playwright & Dalit activist
56. Sanchari Vijay Veteran Kannada film actor
57. Mufti Faiz-ul-Waheed Renowned Jammu-based Islamic scholar
58. Shesh Narayan Singh Veteran senior journalist
59. Raghunath Mohapatra Eminent sculptor, architect, & Rajya Sabha member
60. Homen Borgohain Noted Assamese litterateur & journalist
61. Ki. Rajanarayanan Noted Tamil folklorist & acclaimed writer
62. Alka Raghuvanshi Author & Art Curator
63. Anil Dharker Noted journalist & author
64. Beverly Cleary Beloved children’s author of US
65. Radheshyam Khemka President of Gita Press
66. Fatima Rafiq Zakaria Renowned journalist, academician
67. Ganjam Venkatasubbiah Veteran Kannada writer
68. Shankha Ghosh Noted Bengali poet
Part B | Banking Awareness Capsule for IBPS RRB & SBI Mains 2021
Topic 1: Reserve Bank of India & its Functions internal value. Foreign exchange reserves are held by RBI &
it has a wide power to regulate foreign exchange
i. RBI established on April 1, 1935 under RBI Act 1934 transactions under Foreign Exchange Management Act.
(recommendations of John Hilton Young Commission
1926 – called Royal Commission on Indian Currency &
Important Facts of RBI
Finance), is the central bank of the country & was
nationalized w.e.f 01st Jan 1949. • RBI is not expected to perform the function of accepting
ii. Originally it was a shareholders’ bank which was taken over deposits from the general public.
by the Central Govt. under Reserve Bank (Transfer of Public • Prime lending rate is decided by the individual banks.
Ownership) Act 1948 (paid up capital Rs. 5 cr). • RBI decides the following rates namely; Bank rate, repo rate,
iii. RBI’s central office is in Mumbai. reverse repo rate & cash reserve ratio.
• The quantitative instruments of RBI are – bank rate policy,
Functions of RBI cash reserve ratio & statutory liquidity ratio.
• The objective of monetary policy is to control inflation;
• Issuance of currency: RBI is the authority in India to issue
discourage hoarding of commodities & encourage flow of
currency notes (called bank notes) under signatures of
Governor. (One rupee note called currency note is issued by credit into neglected sector.
the Central Govt. & signed by Finance Secretary). The stock • When RBI is lender of the last resort, it means that RBI
of currency is distributed with the help of currency chests advances credit against eligible securities.
spread all over the country. • GOI decides the quantity of coins to be minted.
• Banker to Govt.: RBI transacts govt. business & manages • The method which is used currently in India to issue currency
public debt. SBI or any other bank is appointed Agent where note – minimum reserve system. For issuing notes, RBI is
RBI does not have office. It provides Ways & Means
required to hold the minimum reserves of Rs. 200 crores of
advances to Govt.
which note less than Rs. 115 crores is to be held in gold.
• Bankers’ bank: It keeps a part of deposits of commercial
banks (as CRR) & acts as lender of last resort by providing Topic 2: Policy Rates decided by the RBI
financial assistance to banks. It provides export credit
refinance, Liquidity Adjustment Facility & MSF. Current Policy rates as on 1 September 2021
• Controller of Banks: An controller of banks by including the • Policy Repo Rate: 4.00%
banks in 2nd Schedule of the Act. It issues directions, carries
• Reverse Repo Rate: 3.35%
inspection (on-site as well as off-site) & exercises
management control. • Marginal Standing Facility Rate: 4.25%
• Controller of credit: RBI can fix interest rates (including • Bank Rate: 4.25%
Bank Rate) & exercise selective credit controls. Various tools • CRR: 4%
such as change in cash reserve ratio, stipulation of margin on • SLR: 18.00%
securities, directed credit guidelines etc. are used for this • Base Rate: 7.40% - 8.80%
purpose. It also carries sale & purchase of securities which • MCLR (Overnight): 6.55% - 7.00%
are known as open market operations.
• Savings Deposit Rate: 2.70% - 3.00%
• Maintenance of external value: RBI is responsible also for
maintaining external value of Indian currency as well as the • Term Deposit Rate > 1 Year: 4.90% - 5.50%
SCHEDULED BANK
a) As per Sec 2 (e) of RBI Act, a scheduled bank means a bank
who is included in 2nd schedule of RBI Act 1934.
b) A scheduled bank should satisfy the conditions which include
paid-up capital & reserves requirement of not less than Rs. 5
lac, satisfaction of RBI that the affairs will not be conducted
by the bank in a way to jeopardize the interests of the
depositor. (Commercial, Rural & many State Coop Banks are
classified as Scheduled Banks).
c) A bank that is not included in the 2nd Schedule of RBI is called
Non-scheduled Bank.
• SLR Rate: Statutory Liquidity Ratio is the amount a Total No. of Banks as per RBI Website
commercial bank needs to maintain in the form of cash, or
• Total PSBs: 12
gold or Govt. approved securities (Bonds) before providing • Total Private Sector Banks: 22
credit to its customers. It is determined as the %age of total • Payments Banks: 6 & Small Finance Banks: 11
Net Demand & Time Liabilities (NDTL). • Regional Rural Banks: 43
• Bank Rate: It is defined in Sec 49 of RBI Act 1934 as the • Foreign Banks: 44
‘standard rate at which RBI is prepared to buy or rediscount • State Co-operative Banks: 34 (According to RBI website)
bills of exchange or other commercial papers eligible for
purchase under this act’. Topic 4: What are the different types of accounts
• Cash Reserve Ratio: CRR refers to the ratio of bank’s cash that can be opened in a Bank?
reserve balances with RBI with reference to the bank’s net
• Savings Bank Account: The rate of interest on savings bank
demand & time liabilities to ensure the liquidity & solvency account varies from bank to bank & also changes from time
of the scheduled banks. to time. Interest rate is paid to the account holders on daily
• MSF: It was introduced w.e.f. May 09, 2011, by RBI. balance basis.
Eligibility: Scheduled Commercial Banks having Current • Current Deposit Account:
Account & SGL Account with RBI. Amount: 1% of NDTL a) This account is mainly for big businessmen, companies &
institutions, since there are no restrictions on number of
A Brief on LAF (Liquidity Adjustment Facility) withdrawals from this type of account. From this
• It was introduced by RBI during June, 2000 in phases, to withdrawal can be made any number of times.
ensure smooth transition & keeping pace with technological b) For the convenience of the account holders banks also
upgradation. allow withdrawal of amounts in excess of the balance of
• Tenor: Reverse Repo auctions (for absorption of liquidity) & deposit. This facility is known as overdraft facility.
• Fixed Deposit Account (also Term Deposit Account):
Repo auctions (for injection of liquidity) are conducted on a
Money is deposited in a fixed deposit account to earn
daily basis (except Saturdays).
interest at a higher rate.
• Cap: 0.25% of NDTL w.e.f. 01.04.14. • Recurring Deposit Account: The rate of interest allowed on
the deposits in this account is higher than that on a savings
Pre-2005 series Banknotes Salient Features of revised PCA Framework for Banks
The banknotes issued before 2005 MG series are called pre-2005 A. Capital, asset quality & profitability continue to be the key
series banknotes, which do not have the year of printing on the areas for monitoring in the revised framework.
reverse side. On Jan 23, 2014, RBI decided to withdraw, from B. Indicators to be tracked for Capital, asset quality &
circulation, these notes as they have fewer security features. profitability would be:
1. These notes shall continue to be legal tender. The notes are a) CRAR/ Common Equity Tier I ratio: CET ratio – the
only being withdrawn from circulation. percentage of core equity capital, net of regulatory
2. These notes can be exchanged at select bank branch till
adjustments, to total risk weighted assets as defined in
30.06.16.
RBI Basel III guidelines
Currency Quick Facts b) Net NPA ratio: NNPA ratio – the percentage of net NPAs
Den. Letter Colour Motif Dimension to net advances
Chocolate Sun Temple, 63 mm c) Return on Assets: ROA – the percentage of profit after tax
10 -
Brown Konark x123 mm to average total assets
Greenish 63 mm
20 - Ellora Caves C. Leverage would be monitored additionally as part of the PCA
yellow x147 mm
framework.
Fluoresce Hampi 66 mm
50 - D. Breach of any risk threshold (as detailed under) would result
nt Blue with Chariot x135 mm
Bright 66 mm in invocation of PCA.
200 H Sanchi Stupa E. The PCA framework would apply without exception to all
Yellow ×146 mm
Stone 66mm banks operating in India including small banks & foreign
500 - Red Fort
Grey x150mm banks operating through branches or subsidiaries based on
66mm breach of risk thresholds of identified indicators.
2000 - Magenta Mangalyaan
x166mm F. A bank will be placed under PCA framework based on the
audited Annual Financial Results & the Supervisory
Topic 13: A close look at the Prompt Corrective
Assessment made by RBI.
Action (PCA)
Topic 14: All about the Products of NPCI
What is PCA as per RBI? All Misconceptions Cleared
• National Payments Corporation of India (NPCI) is an
• RBI clarified that the PCA framework is not intended to umbrella organization for all retail payments system in India.
constrain normal operations of the banks for the general It was incorporated in December 2008 & the Certificate of
public. Commencement of Business was issued in April 2009.
• Under RBI's supervisory framework, it uses various • The authorized capital was pegged at Rs 300 crore & paid up
measures/tools to maintain sound financial health of banks. capital was Rs 100 crore.
PCA framework is one of such supervisory tools. • Biswamohan Mahapatra| Non-Executive Chairman & Dilip
• It involves monitoring of certain performance indicators of Asbe- MD & CEO
the banks as an early warning exercise & is initiated once A Brief on BHIM
such thresholds as relating to capital, asset quality etc. are • Bharat Interface for Money is an app that lets you make
breached. simple, easy & quick payment transactions using Unified
• Its objective is to facilitate the banks to take corrective Payments Interface (UPI). This can be done using just Mobile
measures including those prescribed by the Reserve Bank, in number or Virtual Payment Address (VPA). Currently it is
a timely manner, in order to restore their financial health. available in 13 languages.
• Virtual Payment Address (VPA) is a unique identifier which
you can use to send & receive money on UPI.
• NRO accounts may be opened / maintained in the form of C Capital adequacy ratio
current, savings, recurring or fixed deposit accounts. A Asset quality
• Interest rates offered by banks on NRO deposits cannot be L Liquidity
higher than those offered by them on comparable domestic C Compliance
rupee deposits. S System & controls
• Account should be denominated in Indian Rupees.
• NRI/PIO may remit from the balances held in NRO account Topic 23: BANKING OMBUDSMAN SCHEME 2006
an amount not exceeding USD one million per financial year,
The Scheme enables a bank customer for filing of complaints
subject to payment of applicable taxes.
relating to certain services rendered by banks.
• The limit of USD 1 million per financial year includes sale 1) The Banking Ombudsman is a senior official appointed by the
proceeds of immovable properties held by NRIs/PIOs. Reserve Bank of India to redress customer complaints against
deficiency in certain banking services.
Non-Resident (External) Rupee Account (NRE Account) 2) All Scheduled Commercial Banks, Regional Rural Banks &
• NRE account may be in the form of savings, current, Scheduled Primary Co-operative Banks are covered under the
recurring or fixed deposit accounts. Scheme.
• Account will be maintained in Indian Rupees. 3) The Banking Ombudsman does not charge any fee for filing
• Accrued interest income & balances held in NRE accounts & resolving customers’ complaints.
are exempt from Income tax. 4) The maximum compensation which a BO can help a
• Authorised dealers/authorised banks at their discretion complainant to get is Rs. 20 lakhs.
5) If a complaint is not settled by an agreement within a period
allow for a period not more than two weeks, overdrawings in
of one month, the BO proceeds further to pass an award.
NRE savings bank accounts, up to a limit of Rs. 50,000.
Before passing an award, the BO provides reasonable
• Loans up to Rs.100 lakh can be extended against security of
opportunity to the complainant & the bank, to present their
funds held in NRE Account either to the depositors or third
case.
parties.
6) If one is not satisfied with the decision passed by the BO, one
can approach the appellate authority who is the Deputy
Foreign Currency Non-Resident (Bank) Account – FCNR Governor of the RBI.
(B) Account
• FCNR (B) accounts are only in the form of term deposits of 1 Topic 24: NBFC OMBUDSMAN SCHEME
to 5 years
• RBI introduced an Ombudsman Scheme for customers of
• Account can be in any freely convertible currency.
Non-Banking Financial Companies (NBFCs).
• Loans up to Rs.100 lakh can be extended against security of
• The Scheme is an expeditious & cost free apex level
funds held in FCNR (B) deposit either to the depositors or
mechanism for resolution of complaints of customers of
third parties.
NBFCs, relating to certain services rendered by NBFCs.
• The interest rates are stipulated by the Department of
• It is being introduced under Section 45 L of RBI Act, 1934,
Banking Operations & Development, RBI.
with effect from February 23, 2018.
Topic 25: What is Base Rate, MCLR & Other rates Topic 27: What is Hypothecation & Pledge?
of Lending? • Mortgage: As per section 58 of Transfer of Property Act
Base Rate 1882, mortgage is transfer of interest in specific immovable
• RBI decided that banks should switch over to Base Rate property for the purpose of securing the payment of money
system w.e.f. 1.7.2010. advanced or to be advanced by way of loan, an existing or
future debt or the performance of an engagement which
• Banks may determine their actual lending rates w.r.t. Base
may give rise to pecuniary liability.
Rate.
• No loan can be sanctioned below base rate.
• Exempted accounts: The following loans could be priced
Topic 28: What is NBFC & how it differs from
without reference to Base Rate: (a) DRI loans (b) loans to Banks?
banks’ own employees (c) loans to banks’ depositors against • Non-Banking Financial Company (NBFC) is a company
their own deposits. registered under the Companies Act, 1956 engaged in the
business of loans & advances, acquisition of
Marginal Cost Based Lending Rate shares/stocks/bonds/debentures/securities issued by Govt.
• RBI introduced MCLR w.e.f. 1.4.2016 to determine Base or local authority or other marketable securities of a like
Rate by banks to improve the efficiency of monetary policy nature, leasing, hire-purchase, insurance business, chit fund
transmission. business.
• All rupee loans sanctioned & credit limits renewed w.e.f. • NBFCs lend & make investments & hence their activities are
01.04.16 to be priced w.r.t. MCLR. It will be internal akin to that of banks; however there are a few differences as
benchmark. given below:
• The MCLR comprises of (a) Marginal cost of funds; (b) a) NBFC cannot accept demand deposits;
Negative carry on account of CRR; (c) operating costs; (d) b) NBFCs do not form part of the payment & settlement
Tenor premium. system & cannot issue cheques drawn on itself;
• Marginal Cost of funds (MCF): It has 2 components (a) c) Deposit insurance facility of Deposit Insurance & Credit
Marginal cost of borrowings (b) return on networth. Guarantee Corporation is not available to depositors of
NBFCs, unlike in case of banks.
• By using MCF, it will be calculated as: Required CRR ×
(marginal cost) / (1-CRR) Deposits in NBFC:
• Presently, the maximum rate of interest an NBFC can offer
Topic 26: What is Reverse Mortgage Loan? is 12.5%. The interest may be paid or compounded at rests
not shorter than monthly rests.
• The scheme of reverse mortgage has been introduced for
• NBFCs are allowed to accept / renew public deposits for a
the benefit of senior citizens owning a house but having
minimum period of 12 months & maximum period of 60
inadequate income to meet their needs. Some important months. They cannot accept deposits repayable on demand.
features of reverse mortgage are:
• Small Industries Development Bank of India (SIDBI in short) • Export Credit Guarantee Corporation of India. This
was established in the year 1990 (Date: 2nd April 1990) organisation provides risk as well as insurance cover to the
under the Small Industries Development Bank of India Act Indian exporters.| Shri. M Senthilnathan, Chairman cum
1989 as a subsidiary of Industrial Development Bank of India. Managing Director, ECGC Ltd. | Head Quarters : Mumbai
Part C | Static Awareness Capsule for IBPS RRB & SBI Mains 2021
Awards & Fields
1. International Gandhi Peace Prize: For contributions 12. Maha Vir Chakra: Second highest decoration. It is awarded
towards social, economic & political transformation through for acts of conspicuous gallantry in the presence of the
non-violence & other Gandhian methods. enemy, whether on land, at sea or in the air.
2. Bharat Ratna: Premier civilian award, to serve the nation. 13. Vir Chakra: It is the third in the order of awards for acts of
3. Padma Vibhushan: Ranking wise the second award is the gallantry in the face of the enemy on land, sea or air.
Padma Vibhushan in the Indian Republic. It awarded people 14. Ashok Chakra: Awarded for the most conspicuous bravery
from various fields including Govt. service to distinguish or some daring act of valour or self-sacrifice on land, at sea
extraordinary service for the country. or in the air.
4. Padma Bhushan: The Padma Bhushan is the highest civilian 15. Academy (Oscar) Awards: Film (From 1929)
award third in rank in the Indian Republic. 16. Grammy Award: Music (From 1958)
17. Ramon Magasaysay Award: Govt. (Public) Service, Social
5. Padma Shri: It is awarded to citizens of India for their
Service, Journalism, Literature, Communication &
distinguished contribution in several fields including
International Understanding Bourlog Award: Agriculture
Education, Literature, Arts, Science, Industry, Social (From 1992)
Service, Medicine, Sports & Public Affairs. 18. Grammy: Music
6. Dronacharya Award: For brilliance in sports coaching. 19. Pulitzer: Journalism & Literature
7. Major Dhyan Chand Khel Ratna Award: Highest lifetime 20. Arjun: Sports
achievement award in sports & games in India 21. Bowelay: Agriculture
8. Dhyan Chand Khel Ratna: Highest honor given for 22. Kalinga: Science
accomplishment in sports. 23. Dhanwantri: Medical Science
9. Vyas Samman: For literary in the Hindi language. 24. Nobel Prize: Peace, Literature, Economics, Physics,
Chemistry, Medical Science
10. Saraswati Samman: For outstanding prose or poetry
25. Abel: Maths
literary works in any Indian language listed in Schedule VIII
26. Man Booker: Literature
of the Constitution of India.
27. Vachspati Samman: Sanskrit Literature
11. Param Vir Chakra: Highest decoration Awarded for the
most conspicuous bravery or some daring or prominent act
of valour or self-sacrifice in the presence of the enemy on
land, sea or air.
West Bengal Buxa National Park Ballavpur WLS Mejia Thermal Power
Neora Valley Chintamani Kar Bird Station
CM: Mamata Banerjee NationalPark Sanctuary Farakka Super Thermal
Singalila National Park Haliday Island WLS Power Station
Dadra & Nagar Haveli & Daman & Diu Praful Patel
Post Name
Chief Justice, Supreme Court N. V. Ramana (48th)
Speaker, Lok Sabha Om Birala
Designation Name
Secretary-General, United Nations Organisation Antonio Guterres
Managing Director, International Monetary Fund Kristalina Georgieva
DG, UNESCO Audrey Azoulay
President, UN General Assembly Volkan Bozkir
Director-General, WHO Tedros Adhanom Ghebreyesus
President, International Court of Justice Joan Donoghue
President, Asian Development Bank Masatsugu Asakawa
President, International Olympic Committee Thomas Bach
Director-General, International Atomic Energy Agency Rafael Mariano Grossi
Secretary-General, NATO Jens Stoltenberg
Secretary-General, ASEAN Lim Jock Hoi
Secretary-General, SAARC Esala Weerakoon
Secretary-General, Commonwealth Patricia Scotland
President, FIFA Gianni Infantino
Chairman, International Cricket Council Greg Barclay
Topic 9: What are the names of the • Macmahon Line: India & China
Borders/Boundary Lines? • Medicine Line: Canada & the United States.
• Durand Line: Afghanistan & Pakistan • Order-neisse Line: Poland & Germany
• Hindenburg Line: Germany & Poland. • Radcliffe Line: India & Pakistan.
• Mason-dixon Line: Line of demarcation between four • Siegfried Line: Germany on its border with France.
states in the United States. • 17th Parallel: North Vietnam & South Vietnam
• Mannerheim Line: Russia-Finland border. • 26th Parallel south: Africa, Australia & South America.