BANKING AWARENESS

1) As per the notification issued by the banks, the " Third party ATM usage " will now be                    restricted to certain withdrawals and limits only.What does it really mean
 ANS: (a) Customer of one Bank may be able to withdraw only a limited amounts from

BANKING AWARENESS

1. Purchasing power parity: Using market exchange values to equalize their purchasing power.
2. Repo rate: The rates at which banks borrow money from RBI.
3. Securities: It is an instrument that has a financial value. It can be classified as debt securites{Bank notes(currency), bonds} and equity securities{Stocks}.
4. Reverse repo rate: The rates at which RBI borrows

BANKING TERMS

RBI – The Reserve Bank of India is the apex bank of the country, which was constituted under the RBI Act, 1934 to regulate the other banks, issue of bank notes and maintenance of reserves with a view to securing the monetary stability in India.

Demand Deposit – A Demand deposit is the one which can bewithdrawn at any time, without any notice or penalty; e.g. money deposited in a checking account or savings account in a bank.

Time Deposit – Time deposit is a money deposit at a banking

ORIENTAL BANK OF COMMERCE

TAGLINE: Where every Individual is committed

VISION:To be a sound all India, customer centric, efficient bank with contemporary size, technology and human

PUNJAB AND SIND BANK

TAGLINE: Where service is a way of lifeVISION: The Bank envisions to emerge as a strong vibrant Bank through synchronization of the human, financial and

SYNDICATE BANK

TAGLINE: Faithful and Friendly

Syndicate Bank was established in 1925 in Udupi, Manipal,

ALLAHABAD BANK

TAGLINE: A tradition of trust

UNITED BANK OF INDIA

TAGLINE: The bank that begins with “U”

VISION: The vision of the Bank is to emerge as a dynamic, techno savvy,

BANK OF INDIA

TAGLINE: Risto ki jama punji

MISSION: “To provide superior, proactive banking services to niche markets

CANARA BANK

TAGLINE: Together we can

VISION: To emerge as a ‘Best Practices Bank’ by pursuing global benchmark

BANK OF BARODA

TAGLINE: India’s International Bank

MISSION: To be a top ranking National Bank of International Standards

PUNJAB NATIONAL BANK

TAGLINE: The name you can Bank upon!

VISION: “To be a Leading Global Bank with Pan India footprints and become