Banking ombudsman is appointed by – RBI
Tax free union territory – Pudhucherry
Maximum age for retirement of MD/CEO for all private banks – 70 years
New savings schemes introduced by SBI for children – pehlaKadam and PehliUdaan
Financial inclusion – Lack of access to financial service
Vijay Mallya ‘willfull defaulter is declared by – United Bank of India
Mutual funds are regulated by – Securities Exchange Board of India (SEBI)
Equator- the term associated with Banking operations
U.T.I officially changed by – Axis bank
Regulatory authority of rural banks – RBI and NABARD
EBT – Electrical Benefit Transfer
BMB Smartbanking – internet banking facility launched by BharatiyaMahila Bank
NABARD – Handles refinance for agriculture and rural development in India
ICICI – allow to open bank account for children above 10
Kotak Mahindra Bank – launched FACEBOOK based social networking instant fund transfer
SBI – introduced first multi-currency international debit card.
Microsoft – ready to set up data centres end of 2015.
The foreign exchange reserves are kept by – RBI
Bank of Rajastan merged with UCO bank
Drawer in bank cheques – who issues the cheque.
Drawee in bank cheque – always the banker
Union bank – first bank to set up talking ATM
SBI Associate banks – initially seven banks
During inflation tax should be increased.
Industrial sector – biggest tax paying sector in India
SBI – first Indian bank to touch market capital up to Rs.100000 crore
Insurance sector regulated by – Insurance Regulatory and Development Authority (IRDA)
United commercial bank – Expanded form UCO bank
TRIPS and TRIMS associated with – WTO
SBI and Bank of India – first two Indian banks to open branch in Pakistan
The merchant banking activities in India governed by - SEBI
RBI establish in – April 1, 1935.
Original name of SBI – Bank of Calcutta and Bank of Bengal
SBI comes into existence in – 1955
Hum Hai Na is the slogan of ICICI
World bank established in 1944
Headquarter of world bank is Washington DC.
World bank 12th president – Jim Yong Kim
SIDBI – Small Industries Development Bank of India
NHB – National Housing Bank
NHB established in 9th July, 1988
NDTL – Net Demand and Time Liabilities.
KYC – Know Your Customer
Inflation – increase in general level of price for goods and service
Bearer cheque – payable to any person who present it for payment at the bank counter
Capital market deals in – Long term funds and Debt and Equity
Banking commission established in – 1972
IRDA headquarter – Hyderabad
SBI formulated under – SBI Act 1955
ICICI – first universal bank established in country
Scheduled commercial banks got license under – Banking Regulation Act 1949
Laxmi commercial bank merged with Canara bank
If ATM is out of order it is called operational risk
When computer is not worked in banks is called operational risk
Credit risk – If loans are not repaid in time
Market risk – If the bank products failed to service in market
IFSC denotes Branch code of any bank
IFSC consist of 11 digits
Global bank – Take over by Oriental bank of commerce
RBI does not issue one rupee note
Bank of baroda – first bank to open branch outside India at London
NRI deposits called as Hot Money
LAB – Local Area Banks
Oriental bank of commerce – first bank to issue capital to public.
SEBI consists of chairman and five members
Bank rate – when RBI desires to restrict expansion of credit it raises.
Dishonour of the cheque – when bank returns the the cheque unpaid
Mortgage is the security on immovable property
FINO – Financial Information Network and Operation Limited
When the purchasing power of money decreases then rate of inflation increase.
DICGC – Deposits Insurance and Credit Guarantee Corporation of India Limited
Money laundering – conversion of money which is illegally obtained.
NEFT – National Electronic Fund Transfer
Loans and Advances is not a money market instrument.
First bank to launch mutual fund – SBI
TPA – Third Party Administrator
RBI nationalised under – Transfer of Public Ownership Act, 1948
RBI regional centres – Mumbai, Kolkata, Chennai and Delhi
Scheduled commercial banks credit limit – Rs.500000
Scheduled commercial banks has to maintain their CRR up to 3% of their time.
Scheduled commercial Banks CRR can go up to maximum of - 21%
Public sector banks nationalised up to 19-07-1969 – 14
Minimum paid up capital for private banks – 100 crore
Regional rural banks established on 02-10-1975
LIC established in 1956
NABARD established in 1982 under act of paliment
EXIM – Export and Import bank of India
Exim bank passed oon 1981
NHB established in 1988
Minimum age to become manager in private sector banks – 21
TRAI – Telecom Regulatory Authority of India
Extended date for BASEL III norms – 31-03-2019
FDI limit in insurance - 49%
Singapore is the top in ease of doing business
MICR – Magnetic Ink Character Recognition and it has 9 character
Oldest public sector bank – Allahabad bank
Australia – first country to issue pure plastic notes
Rate of interest determined by commercial banks
India’s first non bank owned ATM (white labled ATM)in Maharashtra
Largest commercial bank – SBI
Demand deposit – bank deposit can be drawn without notice
Currency notes must have 14 languages
Multilated Notes – Notes which are in pieces of which the essential parts are missing
HDFC – Housing Development Finance Corporation
FCCB – Foreign Currency Convertible Bond
MICR – Magnetic Ink Character recognition
RBI established in 1, April 1935.
WPI – Whole sale Price Index.
Regulator of capital market – SEBI
Capital market – in which long term securities are bought and sold
When aggregate supply is less than aggregate demands is then inflation occurs.
FMC – Forward Market Commission
In MICR first six numbers indicates Cheque number
ICICI – first bank to launch EMI facility on debit card.
Financial assistance for sum of Rs.5,000 can be called as Micro finance.
ICRIER – Indian Council for Research on International Economic Relations
Fixed deposit maximum period of 10 years.
First Indian bank to receive principal approval form RBI – HDFC
KYC innovated by Basel committee
FDI – foreign direct investment.
Deflation – reduction in general level price an economy.
Inflation – increase in price and fall in the purchasing value of money.
FII – Foreign Institutional Investor.
SEBI – statutory body
Bank rate – which is levied on long term loans and advances taken by commercial banks form RBI
Cash reserve ratio – amount of fund that the banks have to maintain with RBI.
RBI nationalised on 1949.
Maximum compensation by banking ombudsman for a complaint is Rs.10 Lakh
Stael cheque – not honoured by bank
N.K .Singh committee related to FDI.
Smart money refers to credit cards.
Home loans are a retail banking product.
Merchant banking comes under existence of 1967
Grindlays bank – first bank to introduce the merchant bank in India.
UNCTAD – United Nations Conference on Trade and Development.
SBI – first bank to receive approval of getting full bank licence in Singapore.
SME – Small and Medium Enterprise
CEPI – Comprehensive Environmental Pollution Index.
FATF – Financial Action Task Force.
CGC – Credit Guarantee Corporation
DICGC – Deposit Insurance and Credit Guarantee Corporation
BSBDA – Basic Saving Bank Deposit Account
Bankruptcy – when publicly announces that he can not repay loans in banking language.
IFSR – International Financial Reporting Standards
World bank referred to International Bank of Reconstruction and Development
FIMMDA – Fixed Income Money Market and Derivatives Association
GAAR – General Anti Avoidance Rules.
Minimum and maximum level of RTGS – 2 lakh and No limit
Bank of Hindustan – first bank established in India
Bank of Hindustan established in 1770.
6 banks nationalised in 1980.
Central office of RBI is Kolkata. (initially established) then Mumbai
RBI consists of 1 Governor and $ Deputy Governor.
BFS - Board for Financial Supervision
BFS constituted on November 1994.
BFS chaired by Governor.
NABARD – National Bank for Agriculture and Rural Development.
ARDC – Agriculture Refinance and Development Corporation.
NABARD dedicated to Indira Gandhi
Chairman of NABARD – Harsh Kumar Bhanwala
Mumbai – NABARD head quarters.
CSR – Corporate Social Responsibility.
IRDAI – Insurance Regulatory and Development Authority.
IRDAI head quarter Hyderabad.
IRDAI under IRDAI Act 1999.
T.S. Vijayan is the chairman of IRDAI.
LIC comes in to existence of 1956.
BIS – Bank for International Settlements.
BIS head office Basel, Switzerland.
Number of central banks are member of BIS is 60.
SDR – Special Drawing Rights.
General manger of BIS is Jaime Caruna
GATT – General Agreement on Traffic and Trade.
Number of member in WTO – 161.
Food for work program is renamed as NREP.
Headquarter of SIDBI is Lucknow.
IRBI – Industrial Reconstruction Bank of India.
IRBI was established in 1985.
IMF established on 27, December 1945.
IMF headquarters – Washington DC
France is the first country to borrow form IMF
C. Rangarajan plays the vital role in setting up NHB.
2022 – NHB objective to promote slum free cities.
Top 5 credit card issuer – ICICI, HDFC, SBI, Citi Bank, American Express.
The term credit card first used by Edward Bellamy.
NPCI – National Payment Corporation of India.
Fiscal policy deals with Taxation and Expenditures.
DTC – Direct Tax Code
FRBM – Fiscal Responsibility and Budget Management.
John Adrian Shepherd Barron – inventor of ATM.
ATM invented in 1967
HSBC first bank to introduce the ATM at 1987.
World’s highest ATM is located at Sikkim.
White label ATM – ATM that does not have any bank logo.
Banking ombudsman scheme was introduced by Banking Regulation Act,1949.
Banking ombudsman scheme first revised in 2002.
Current banking ombudsman scheme introduced in 2006.
GATT was signed by 23 nations in Geneva on October 30, 1947.
Headquarter of GATT Geneva, Switzerland.
Number of countries in world bank 188.
The main focus of IBRD and IDA is on developing countires.
Renewable term for selecting world bank president – 5 years.
Allahabad bank
Allahabad bank – found on April 24, 1865.
Head office – Kolkata.
Nationalised on 19 ,July 1969.
It was merged with united industrial bank limited in October 1989.
In 2007 this bank’s capital first crossed 1,00,000.
This bank celebrate 150th years of foundation on April 2014.
Chairman and managing director – Rakesh Sethi.
Orbit of large banks – because it crosses bench mark business figure Rs.300000 crore.
Slogan A tradition of trust.
In February 2007 Allahabad bank opened its first overseas bank in Hong Kong.
CSB- Core Banking Solution.
Allahabad bank operates more than 3000 branches.
In march 2011 Allahabad bank implemented CBS in all branches
Syndicate bank- Established on 1925.
Primary objective – To extend financial assistance to the local weaver through mobilising all savings from community.
Logo – Dog.
MD and CEO – Arun Shrivastava.
Headquarters – Manipal, Karnataka.
Slogan – Your Faithful and Friendly Financial Partner.
It was nationalised on 19 July, 1969.
In 2010 – 11 the bank opened 135 branches.
In 2009-10 – 50 branches opened.
Oriental bank of commerce (OBC)
Founded on 19 February 1943.
Headquarters – Gurgaon, Haryana.
Slogan – where every individual is committed.
Founded at first in Lahore.
First chairman – Rai Bahadur Lala Sohan Lal (one of the founder)
Nationalised on 15, april 1980.
OBC amalgamated Global Trust Bank
Amalgamated on 14 August 2004.
MD and CEO – Anmesh Chauhan.
Grameen projects- Dehradun and Hanumangarh.
It has more than 530 branches in India.
Punjab and Sind bank
Founded on 24, June 1908.
Headquarters – New Delhi.
More than 600 branches in Punjab.
Established on 1960.
Rural bank sponsored by Punjab and sind bank is Sutlej Gramin Bank.
Slogan – Where service is a way of life.
Chairman – Jatinder Bir Singh.
Bank of Baroda (BOB)
Founded on 20 July, 1908.
Under companies Act of 1897.
Started with the capital of Rs. 10 Lakh
Headquarter – Vadodara (Baroda)
BOB ranked 801 on Forbes global 2000 list.
It has more than 5300 branches in India and abroad.
Slogan – India’s International Bank.
Chairman – Ravi Venkatraman.
Founder – Maratha Kingdom
BOB’s first domestic acquisition – Hind Bank
Punjab National Bank
Born on May 19, 1894.
Open its door to the public on 12 April 1895.
Lala Lajpat Rai is the first person open the account.
On March 31, 1947 PNB bank officials decided to leave Lahore.
Slogan – The name you can bank upon.
Founder – Lala Lajpat Rai
Headquarters – New Delhi.
They got Pradhan Mantri Jan Dhan Yojana excellence award 2015.
United bank of India
Formed on 1950.
It has three organisational set up.
Also known as Tea Bank.
Slogan The bank That Begins with ‘U’
MD and CEO – P. Srinivas.
Headquarter – New Delhi.
Vijaya bank
Founded on 23rd October 1931.
Became scheduled bank in 1958.
In 1963-68 there are 9 banks merged with.
1701 branches, 49 extension counter and 1528 ATM.
It has 3 organisational set up structure.
Slogan – The Friend You can bank upon.
MD and CEO – Kishore Kumar Sansi
Headquarters – Bangalore.
It is a medium sized public sector bank.
Check card is also known as Debit card.
Union Pay debit card is associated with China.
Prepaid debit cards are also known as Reloadable Debit cards.
The prepaid bank card is also known as Bank Gift Card.
POS – Point of Sale.
Canara Bank
founded by Ammembai Subba Rao Pai
founded on July, 1906
Nationalised on July, 1969.
Total 9039 ATM
Chairman – T.N.Manoharan
MD and CEO – Rakesh Sharma
Got golden peacock business excellence award 2015.
Headquarter – Bangalore
Slogan – it’s easy to change for those love you, together we can.
MSME banking excellence award in 2015.
Opened seventh overseas branch in New York in 2014.
Rupiya in our country introduced by Sher Shah Suri
SME – Small and Medium Enterpraise
CEPI – Comprehensive Environmental Pollution Index.
Crypto currency – Digital medium of exchange
FATF – Financial Action Take Force
India become the member of FATF in 2010.
Micro credit – small credit given to poor
CGC – Credit Guarantee Corporation
Sugan scheme was launched for small tax payers.
National Rural Employment Program was formally called as Food For Work
Converting into physical form of share into electronic form is called DEMAT.
Bank of Rajasthan is merged with ICICI.
Lockless bank in Maharashtra UCO bank.
BFS – Board of Financial Supervision
Australia is the first country to issue purely plastic notes.
7 more banks nationalised in 1980.
ICICI kicked of online bank in 1996.
Tax free union territory – Pudhucherry
Maximum age for retirement of MD/CEO for all private banks – 70 years
New savings schemes introduced by SBI for children – pehlaKadam and PehliUdaan
Financial inclusion – Lack of access to financial service
Vijay Mallya ‘willfull defaulter is declared by – United Bank of India
Mutual funds are regulated by – Securities Exchange Board of India (SEBI)
Equator- the term associated with Banking operations
U.T.I officially changed by – Axis bank
Regulatory authority of rural banks – RBI and NABARD
EBT – Electrical Benefit Transfer
BMB Smartbanking – internet banking facility launched by BharatiyaMahila Bank
NABARD – Handles refinance for agriculture and rural development in India
ICICI – allow to open bank account for children above 10
Kotak Mahindra Bank – launched FACEBOOK based social networking instant fund transfer
SBI – introduced first multi-currency international debit card.
Microsoft – ready to set up data centres end of 2015.
The foreign exchange reserves are kept by – RBI
Bank of Rajastan merged with UCO bank
Drawer in bank cheques – who issues the cheque.
Drawee in bank cheque – always the banker
Union bank – first bank to set up talking ATM
SBI Associate banks – initially seven banks
During inflation tax should be increased.
Industrial sector – biggest tax paying sector in India
SBI – first Indian bank to touch market capital up to Rs.100000 crore
Insurance sector regulated by – Insurance Regulatory and Development Authority (IRDA)
United commercial bank – Expanded form UCO bank
TRIPS and TRIMS associated with – WTO
SBI and Bank of India – first two Indian banks to open branch in Pakistan
The merchant banking activities in India governed by - SEBI
RBI establish in – April 1, 1935.
Original name of SBI – Bank of Calcutta and Bank of Bengal
SBI comes into existence in – 1955
Hum Hai Na is the slogan of ICICI
World bank established in 1944
Headquarter of world bank is Washington DC.
World bank 12th president – Jim Yong Kim
SIDBI – Small Industries Development Bank of India
NHB – National Housing Bank
NHB established in 9th July, 1988
NDTL – Net Demand and Time Liabilities.
KYC – Know Your Customer
Inflation – increase in general level of price for goods and service
Bearer cheque – payable to any person who present it for payment at the bank counter
Capital market deals in – Long term funds and Debt and Equity
Banking commission established in – 1972
IRDA headquarter – Hyderabad
SBI formulated under – SBI Act 1955
ICICI – first universal bank established in country
Scheduled commercial banks got license under – Banking Regulation Act 1949
Laxmi commercial bank merged with Canara bank
If ATM is out of order it is called operational risk
When computer is not worked in banks is called operational risk
Credit risk – If loans are not repaid in time
Market risk – If the bank products failed to service in market
IFSC denotes Branch code of any bank
IFSC consist of 11 digits
Global bank – Take over by Oriental bank of commerce
RBI does not issue one rupee note
Bank of baroda – first bank to open branch outside India at London
NRI deposits called as Hot Money
LAB – Local Area Banks
Oriental bank of commerce – first bank to issue capital to public.
SEBI consists of chairman and five members
Bank rate – when RBI desires to restrict expansion of credit it raises.
Dishonour of the cheque – when bank returns the the cheque unpaid
Mortgage is the security on immovable property
FINO – Financial Information Network and Operation Limited
When the purchasing power of money decreases then rate of inflation increase.
DICGC – Deposits Insurance and Credit Guarantee Corporation of India Limited
Money laundering – conversion of money which is illegally obtained.
NEFT – National Electronic Fund Transfer
Loans and Advances is not a money market instrument.
First bank to launch mutual fund – SBI
TPA – Third Party Administrator
RBI nationalised under – Transfer of Public Ownership Act, 1948
RBI regional centres – Mumbai, Kolkata, Chennai and Delhi
Scheduled commercial banks credit limit – Rs.500000
Scheduled commercial banks has to maintain their CRR up to 3% of their time.
Scheduled commercial Banks CRR can go up to maximum of - 21%
Public sector banks nationalised up to 19-07-1969 – 14
Minimum paid up capital for private banks – 100 crore
Regional rural banks established on 02-10-1975
LIC established in 1956
NABARD established in 1982 under act of paliment
EXIM – Export and Import bank of India
Exim bank passed oon 1981
NHB established in 1988
Minimum age to become manager in private sector banks – 21
TRAI – Telecom Regulatory Authority of India
Extended date for BASEL III norms – 31-03-2019
FDI limit in insurance - 49%
Singapore is the top in ease of doing business
MICR – Magnetic Ink Character Recognition and it has 9 character
Oldest public sector bank – Allahabad bank
Australia – first country to issue pure plastic notes
Rate of interest determined by commercial banks
India’s first non bank owned ATM (white labled ATM)in Maharashtra
Largest commercial bank – SBI
Demand deposit – bank deposit can be drawn without notice
Currency notes must have 14 languages
Multilated Notes – Notes which are in pieces of which the essential parts are missing
HDFC – Housing Development Finance Corporation
FCCB – Foreign Currency Convertible Bond
MICR – Magnetic Ink Character recognition
RBI established in 1, April 1935.
WPI – Whole sale Price Index.
Regulator of capital market – SEBI
Capital market – in which long term securities are bought and sold
When aggregate supply is less than aggregate demands is then inflation occurs.
FMC – Forward Market Commission
In MICR first six numbers indicates Cheque number
ICICI – first bank to launch EMI facility on debit card.
Financial assistance for sum of Rs.5,000 can be called as Micro finance.
ICRIER – Indian Council for Research on International Economic Relations
Fixed deposit maximum period of 10 years.
First Indian bank to receive principal approval form RBI – HDFC
KYC innovated by Basel committee
FDI – foreign direct investment.
Deflation – reduction in general level price an economy.
Inflation – increase in price and fall in the purchasing value of money.
FII – Foreign Institutional Investor.
SEBI – statutory body
Bank rate – which is levied on long term loans and advances taken by commercial banks form RBI
Cash reserve ratio – amount of fund that the banks have to maintain with RBI.
RBI nationalised on 1949.
Maximum compensation by banking ombudsman for a complaint is Rs.10 Lakh
Stael cheque – not honoured by bank
N.K .Singh committee related to FDI.
Smart money refers to credit cards.
Home loans are a retail banking product.
Merchant banking comes under existence of 1967
Grindlays bank – first bank to introduce the merchant bank in India.
UNCTAD – United Nations Conference on Trade and Development.
SBI – first bank to receive approval of getting full bank licence in Singapore.
SME – Small and Medium Enterprise
CEPI – Comprehensive Environmental Pollution Index.
FATF – Financial Action Task Force.
CGC – Credit Guarantee Corporation
DICGC – Deposit Insurance and Credit Guarantee Corporation
BSBDA – Basic Saving Bank Deposit Account
Bankruptcy – when publicly announces that he can not repay loans in banking language.
IFSR – International Financial Reporting Standards
World bank referred to International Bank of Reconstruction and Development
FIMMDA – Fixed Income Money Market and Derivatives Association
GAAR – General Anti Avoidance Rules.
Minimum and maximum level of RTGS – 2 lakh and No limit
Bank of Hindustan – first bank established in India
Bank of Hindustan established in 1770.
6 banks nationalised in 1980.
Central office of RBI is Kolkata. (initially established) then Mumbai
RBI consists of 1 Governor and $ Deputy Governor.
BFS - Board for Financial Supervision
BFS constituted on November 1994.
BFS chaired by Governor.
NABARD – National Bank for Agriculture and Rural Development.
ARDC – Agriculture Refinance and Development Corporation.
NABARD dedicated to Indira Gandhi
Chairman of NABARD – Harsh Kumar Bhanwala
Mumbai – NABARD head quarters.
CSR – Corporate Social Responsibility.
IRDAI – Insurance Regulatory and Development Authority.
IRDAI head quarter Hyderabad.
IRDAI under IRDAI Act 1999.
T.S. Vijayan is the chairman of IRDAI.
LIC comes in to existence of 1956.
BIS – Bank for International Settlements.
BIS head office Basel, Switzerland.
Number of central banks are member of BIS is 60.
SDR – Special Drawing Rights.
General manger of BIS is Jaime Caruna
GATT – General Agreement on Traffic and Trade.
Number of member in WTO – 161.
Food for work program is renamed as NREP.
Headquarter of SIDBI is Lucknow.
IRBI – Industrial Reconstruction Bank of India.
IRBI was established in 1985.
IMF established on 27, December 1945.
IMF headquarters – Washington DC
France is the first country to borrow form IMF
C. Rangarajan plays the vital role in setting up NHB.
2022 – NHB objective to promote slum free cities.
Top 5 credit card issuer – ICICI, HDFC, SBI, Citi Bank, American Express.
The term credit card first used by Edward Bellamy.
NPCI – National Payment Corporation of India.
Fiscal policy deals with Taxation and Expenditures.
DTC – Direct Tax Code
FRBM – Fiscal Responsibility and Budget Management.
John Adrian Shepherd Barron – inventor of ATM.
ATM invented in 1967
HSBC first bank to introduce the ATM at 1987.
World’s highest ATM is located at Sikkim.
White label ATM – ATM that does not have any bank logo.
Banking ombudsman scheme was introduced by Banking Regulation Act,1949.
Banking ombudsman scheme first revised in 2002.
Current banking ombudsman scheme introduced in 2006.
GATT was signed by 23 nations in Geneva on October 30, 1947.
Headquarter of GATT Geneva, Switzerland.
Number of countries in world bank 188.
The main focus of IBRD and IDA is on developing countires.
Renewable term for selecting world bank president – 5 years.
Allahabad bank
Allahabad bank – found on April 24, 1865.
Head office – Kolkata.
Nationalised on 19 ,July 1969.
It was merged with united industrial bank limited in October 1989.
In 2007 this bank’s capital first crossed 1,00,000.
This bank celebrate 150th years of foundation on April 2014.
Chairman and managing director – Rakesh Sethi.
Orbit of large banks – because it crosses bench mark business figure Rs.300000 crore.
Slogan A tradition of trust.
In February 2007 Allahabad bank opened its first overseas bank in Hong Kong.
CSB- Core Banking Solution.
Allahabad bank operates more than 3000 branches.
In march 2011 Allahabad bank implemented CBS in all branches
Syndicate bank- Established on 1925.
Primary objective – To extend financial assistance to the local weaver through mobilising all savings from community.
Logo – Dog.
MD and CEO – Arun Shrivastava.
Headquarters – Manipal, Karnataka.
Slogan – Your Faithful and Friendly Financial Partner.
It was nationalised on 19 July, 1969.
In 2010 – 11 the bank opened 135 branches.
In 2009-10 – 50 branches opened.
Oriental bank of commerce (OBC)
Founded on 19 February 1943.
Headquarters – Gurgaon, Haryana.
Slogan – where every individual is committed.
Founded at first in Lahore.
First chairman – Rai Bahadur Lala Sohan Lal (one of the founder)
Nationalised on 15, april 1980.
OBC amalgamated Global Trust Bank
Amalgamated on 14 August 2004.
MD and CEO – Anmesh Chauhan.
Grameen projects- Dehradun and Hanumangarh.
It has more than 530 branches in India.
Punjab and Sind bank
Founded on 24, June 1908.
Headquarters – New Delhi.
More than 600 branches in Punjab.
Established on 1960.
Rural bank sponsored by Punjab and sind bank is Sutlej Gramin Bank.
Slogan – Where service is a way of life.
Chairman – Jatinder Bir Singh.
Bank of Baroda (BOB)
Founded on 20 July, 1908.
Under companies Act of 1897.
Started with the capital of Rs. 10 Lakh
Headquarter – Vadodara (Baroda)
BOB ranked 801 on Forbes global 2000 list.
It has more than 5300 branches in India and abroad.
Slogan – India’s International Bank.
Chairman – Ravi Venkatraman.
Founder – Maratha Kingdom
BOB’s first domestic acquisition – Hind Bank
Punjab National Bank
Born on May 19, 1894.
Open its door to the public on 12 April 1895.
Lala Lajpat Rai is the first person open the account.
On March 31, 1947 PNB bank officials decided to leave Lahore.
Slogan – The name you can bank upon.
Founder – Lala Lajpat Rai
Headquarters – New Delhi.
They got Pradhan Mantri Jan Dhan Yojana excellence award 2015.
United bank of India
Formed on 1950.
It has three organisational set up.
Also known as Tea Bank.
Slogan The bank That Begins with ‘U’
MD and CEO – P. Srinivas.
Headquarter – New Delhi.
Vijaya bank
Founded on 23rd October 1931.
Became scheduled bank in 1958.
In 1963-68 there are 9 banks merged with.
1701 branches, 49 extension counter and 1528 ATM.
It has 3 organisational set up structure.
Slogan – The Friend You can bank upon.
MD and CEO – Kishore Kumar Sansi
Headquarters – Bangalore.
It is a medium sized public sector bank.
Check card is also known as Debit card.
Union Pay debit card is associated with China.
Prepaid debit cards are also known as Reloadable Debit cards.
The prepaid bank card is also known as Bank Gift Card.
POS – Point of Sale.
Canara Bank
founded by Ammembai Subba Rao Pai
founded on July, 1906
Nationalised on July, 1969.
Total 9039 ATM
Chairman – T.N.Manoharan
MD and CEO – Rakesh Sharma
Got golden peacock business excellence award 2015.
Headquarter – Bangalore
Slogan – it’s easy to change for those love you, together we can.
MSME banking excellence award in 2015.
Opened seventh overseas branch in New York in 2014.
Rupiya in our country introduced by Sher Shah Suri
SME – Small and Medium Enterpraise
CEPI – Comprehensive Environmental Pollution Index.
Crypto currency – Digital medium of exchange
FATF – Financial Action Take Force
India become the member of FATF in 2010.
Micro credit – small credit given to poor
CGC – Credit Guarantee Corporation
Sugan scheme was launched for small tax payers.
National Rural Employment Program was formally called as Food For Work
Converting into physical form of share into electronic form is called DEMAT.
Bank of Rajasthan is merged with ICICI.
Lockless bank in Maharashtra UCO bank.
BFS – Board of Financial Supervision
Australia is the first country to issue purely plastic notes.
7 more banks nationalised in 1980.
ICICI kicked of online bank in 1996.
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