Bcsbi recollected questions on 02.02.2019

BCSBI  recollected questions on 02.02.2019
The questions were asked from.
1-What is avalisation?
2-BCSBI adopted on the basis of which country?
3- Function of CEO of BCSBI
4-Compensation policy of RBI
5- Objectives of BCSBI.
6-Two questions from HUF.
7-Objectives of PSS act 2007
8-one question from Mobile banking
9-Objectives of C-kyc
10-what is financial inclusion?
The exam was of moderate level.

Credit Rating Agencies in India

Credit Rating Agencies in India

A credit rating agency is a company which rates the debtors on the basis of their ability to pay back the debt in timely manner.

There are three big credit rating agencievvs in the world which are
 1.Standard & Poor's (S&P) – Headquarter – New York, US
 2.Moody's – Headquarter - New York, US,
 3.Fitch Ratings- New York, US


There are mainly 5 credit rating agencies in India which are

CARE (Credit Analysis and Research):Founded: 1993,Mumbai  It is the second-largest credit rating agency in india


CRISIL (Credit Rating Information Servicesof India Limited):Founded: 1987,mumbai. It is the largest credit rating limited company.with a market share of
greater than 60%.
*CRISIL’s majority
shareholder is
Standard & Poor’s.

ICRA ( Investment information andcredit rating agency)Founded: 1991 at Gurgaon
It is public limited company .Majority share holder is Moodys

SMERA( SME Rating Agency of India Ltd):Founded: 2005 ,mumbai
*SMERA is a full   service credit rating sector
 agency in India, exclusively set up MSME

ONICRA Gurgaon. It is a Pvt sector agency  set up by onida finance

Sovereign Gold Bond

Sovereign Gold Bond : SGB is issued by RBI on behalf of Government of India, denominated in multiples of grams of gold with a
basic unit of 1 gram. Price of Bond will be fixed in Indian Rupees on the basis of previous week's (Monday-Friday) simple average of closing
price of gold of 999 purity published by the Indian Bulllion and Jewellers Association Ltd (IBJA) . The Bonds are restricted for sale to resident
Indian entities, including individuals, HUFs, Trusts, Universities, Charitable Institutions. Minimum permissible investment is 1 gram of
gold. The maximum LIMIT subscribed be - 4kg for Individuals/HUF. 20 kg for trust and similar entities notified by government from time to
time for fiscal year(April – March) provided that Annual ceiling will include bonds subscribed under different tranches during initial
issuance by Government and those purchased from the secondary market; and b) The ceiling on investment will not include the
holdings as collateral by banks and other Financial Institutions. In case of joint holding, the investment limit of will be applied to
the first applicant only. The tenor of the Bond will be for a period of 8 years with exit option from 5th year to be exercised on the
interest payment dates. The issue price of the Gold Bonds will be Rs 50 per gram less than the nominal value to those investors
applying online and the funds supporting the application is paid through digital mode. The rate will be communicated to the
branches on weekly basis once RBI communicates the same to the Bank. The Subscription of the Gold Bond under this Scheme
shall be open from Monday to Wednesday of every week (both days inclusive)


ref : RBI circullers