MSME recollected questions

MSME recollected questions
1. Micro, small & medium sector
2. Priority sector classification (esp foreign banks less than 20 branches etc)
3. One sum on calculation of NWC
4. CLUSTER development features
5. TIFAC full form, CODISSIA located at?
6. Mahila schemes implemented by SIDBI
7. Which are NOT included under plant & machinery
8. HUF, LLP questions on minor admissibility
9. Common seal compulsory for companies/LLP
10. GRAY sick area
11. Ots implemented by? - individual banks
12. Highest investment by overseas investors is under which sectors
13. Study report Of DIC recommendations
14. Federation of msme for West Bengal state? ITCOT located in which state? MSME council located? Msme as per constitution is state/central/concurrent subject?

https://iibfadda.blogspot.com/

FOREX operation Recollected

FX OPERATION:-

Recollected questions are:

1) How many incoterms?

2) Full form of DAT

3)Few questions from doc letter of credit .

4)Nearly 8 questions on LRS

5)NRI remittances limits etc

6)Basic questions on URR 725,

7)URC 522

8)ISP 98

9)Known holiday in forex

10)One question on section of fema

11)Ecgc scheme

12)Question on customs related

13)TT buying TT selling

14)Bill discounting

15)Insurance docs in LC

16) three numericals on cross rates

https://iibfadda.blogspot.com/

Current Affairs on 24.12.2018

Today's Headlines from www:

*Economic Times*

📝 Increase validity period of e-Visa to 10 years: Niti Aayog

📝 Blackstone gets lenders nod to acquire Golden Jubilee

📝 Nysaa Retail to invest Rs 100 cr to add 80 stores

📝 Crude drops more than 11% in a week as supply weighs

📝 GA, KKR in talks to acquire EuroKids preschool chains

📝 Jet Airways announces festive discount on domestic and international fares

📝 Kotak Bank sees corporate loan book swelling by 26 per cent in FY20

📝 Reliance Jio subscribers may face disruption if Reliance Communications deal fails

*Business Standard*

📝 Uber picks India as 'world lab' for mobility, transport innovations

📝 Shriram Transport to M&M Finance, volume dip deflates vehicle financiers

📝 MNC drug majors outshine Indian peers, draw investors' attention

📝 Satin Creditcare plans to demerge small and medium finance unit into NBFC

📝 HFCL forays in railway telecommunications network, wins 2 global contracts

📝 Mondelez India's net profit jumps 47% to Rs 3.26 billion in FY18

📝 Bharat Stage VI shift to hit Maruti Suzuki's 2019 diesel model sales

📝 Rays Power Infra plans to enter electric vehicle space with B2B services

📝 GST Intelligence unit unearths Rs 2.2-billion fake tax-invoices scam

*Financial Express*

📝 FPIs infuse Rs 4,000-cr in 3 weeks on strengthening rupee, easing crude prices

📝 369 infrastructure projects show cost overruns of over Rs 3.58 lakh crore

📝 Apple’s $1 billion bet imperils a tech hub’s rare bargain homes

📝 Google foes get chance to pick holes in $2.7 billion EU appeal

📝 Petroleum products should be under GST, says Industry body

📝 Allahabad Bank working hard to meet Rs 1,000 crore recovery target in quarter 3: MD

*Mint*

📝 GVK group in talks to refinance up to ₹1,400 crore debt

📝 India Inc raises Rs 6 trillion from equity, debt markets in 2018

📝 Huawei gear barred from $3 billion UK emergency network boost

📝 Avoid cap on remuneration of independent directors: CII to govt

📝 Elon Musk says Tesla should have mid-range Model 3 orders by year-end

📝 GST Council to consider 5% GST on under-construction homes.

Risk Management::(Most Important)

Risk Management::(Most Important)

01 RBI implemented the Basel-III recommendations in India, w.e.f:
a) 01.01.2013, b. 31.03.2013, c. 01.04.2013, d. 30.09.2013
02 Basel III recommendations shall be completely implemented in India by:
31.03.2020, b. 31.03.2019 c. 31.03.2618 d. 31.03.2017
03 Basel III capital regulations were released by Basel Committee on Banking Supervision (BCBS) during as a
Global Regulatory Framework for more resilient banks and banking systems:
December 2010, b. March 2011, c. December 2011, d. December 2012
04 Basel III capital regulations are based on 3 mutually reinforcing pillar. These pillars are (1) Pillar-1 minimum capital standards (2)
supervisory review of capital adequacy (3) risk management.
all the 3 are correct, b. only 1 and 2 are correct, c. only 1 and 3 are correct, d. only 2 and 3 are correct Under Basel II,
05.Under Basel II the option available to compute capital for credit risk are:-
standardized approach, b. risk management approach, c. advance measurement approach, d. standardized approach,
06. Under Basel III, the options available to compute capital for operational risk are :
standardized approach, b) risk management approach, c) advance measurement, approach, d) basic indicator
approach,
07.Under Basel III, the options available to compute capital for market risk are :
standardized approach, b) risk management approach, c) advance, measurement approach, d) basic indicator approach
08.Certain specific prescription of Basel II capital adequacy framework will continue to apply along with Basel III (parallel run), till:
31.03.2019, b) 31.03.2018, c) 31.03.2017, d) 31.03.2016
09. A bank in India is to comply with capital adequacy ratio requirements at :(1) consolidated (group) level after consolidating the
assets liabilities of its subsidiaries / joint ventures (2) solo level (3) overseas operations of the bank under (I) and (2).
a)1 and 2 only correct, b) 1 and 3 only correct, c) 2 and 3 only correct, d) 1 to 3 all correct.
10. In India, the banks are required to maintain a minimum Pillar 1 capital to risk weighted assets ratio (or minimum total
capital to risk weighted assets ratio) of a s o n
a) 8%, 31' Mar each year, b) 9%, 31" Mar each year, c) 8%, ongoing basis, d) 9%, ongoing basis.
11. The banks in India are required to compute Basel III capital ratios in the following manner (1) Common equity Tier I capital ratio (2)
Tier I capital ratio (3) Tier 2 capital ratio (4) Total capital to risk weighted asset ratio a) I to 4 all, b) 1,2 and 4 only, c) 1, 3
and 4 only, d) 1 and 4 only
12. To calculate capital adequacy ratio, the banks are to take into account, which of the following risk:
credit risk and operational risk only, b) credit risk and market risk only, c) market risk and operational risk only, d)
credit risk, market risk and operational risk.
13.Which of the following statement regarding the Total regulatory capital under Basel III is correct:
total regulatory capital is sum total of Tier I capital and Tier 2 capital, b) Tier I capital is called `aning-concern' capital and Tier 2
capital is called 'gone-concern' capital, c) Tier I capital comprises common equity Tier I and additional Tier I, d) all the above.
14 As per Basel III implementation in India, Common Equity Tier 1 capital must be % of
risk weighted assets on ongoing basis: a: 5.5% b: 7%, c: 9% d: 11%
15. As per Basel III implementation in India, minimum Tier 1 capital must be % of risk weighted assets on ongoing basis:
a: 5.5% . b: 7%, c: 9% d: 11%
16. As per Basel III implementation in India, within the minimum Tier 1 capital, the additional Tier capital can be:
a: min 5.5% of risk weighted assets (RWA), b: max 5.5% of RWA, c: min 1.5% of RWA, d: max 1.5% of RWA
17. As per BaselIII implementation in India, within total capital of 9% of risk weighted assets, the Tier 2 capital can be:

a: max equal to Tier I capital, b) min equal to Tier I capital c) max equal to 2% of risk weighted assets, d) min equal to 2%
of risk weighted assets
18. Which of the following statements is not correct regarding Basel III implementation in India:
a) minimum common equity Tier I ratio should be 5.5% of RWAs, b) capital conservation buffer, c) (CCB) consisting of
common equity, should be 2.5% of RWAs, d) maximum additional tier 1 capital should be 1.5% of RWAs, e) minimum common
equity Tier I ratio plus capital conservation buffer should be 7%
19. Which of the following statements is not correct regarding Basel III implementation in India:
a) minimum Tier I capital ratio should be 8%, b) Tier 2 capital should be max 2%, c) minimum total capital ratio should be 9%, d)
minimum total capital ratio plus capital conservation buffer should be 11.5%
20. As per Basel III, which of the following is an element of Common Equity component of Tier I (1) common shares i.e. paid
up equity capital (2) stock surplus i.e. share premium (3) statutory reserves (4) capital reserves representing surplus arising
out of sale proceeds of assets (5) balance in profit and loss account at the end of the previous year.
a) 1 to 5 all, b) I to 4 only, c) 1,4 and 5 only, d) 1, 2 and 3 only
21. As per Basel III, which of the following can be included in Additional Tier I capital (1) Perpetual Noncumulative Preference
shares — PNCPS (2) stock surplus or share premium resulting from issue of Additional Tier I instruments (3) Debit capital
instruments eligible to be included in additional Tier I.: a) 1 to 3 all, b) 1 and 2 only, c) 1 and 3 only, d) 2 and 3 only
22. As per Basel III, Tier 2 capital comprises which. of the following (1) general provisions and loss reserves (2) debt capital
instruments issued by bank (3) preference share capital instruments with redeemable or cumulative feature (4) revaluation reserve
(5) stock surplus i.e. share premium resulting from issue of Tier 2 eligible instruments.
a) 1 to 5 all, b) 1 to 4 only, c) 1, 4 and 5 only, d) 1, 2 and 3 only.
23. As per Basel III, general provisions and loss reserves are included in Tier-2 capital maximum to the extent of: 1.25% of total risk
weighted assets under standardized approach and 0.6% of total risk weighted assets under IRB approach
a) 0.6% of total risk weighted assets under standardized approach and 0.6% of total risk weighted assets under IRB approach
b) 0.6% of total risk weighted assets under standardized approach and 1.25% of total risk weighted assets under IRB approach
c) 1.25% of total risk weighted assets under standardized approach and 1.25% of total risk weighted assets under IRB approach.
24 As per Basel III, the value of revaluation reserve is to be taken at % discount to include in Tier 2 capital:-
a: 60% b: 55%, c: 50% d: 45%
25 As per Basel III, adjustments / deductions are required to be made from Tier I and Tier 2 capital, relating to which of the following
(1) goodwill and other intangible assets (2) deferred tax assets (3) Investment in own shares (treasury stock) (4) investment
in capital of banking, financial or insurance entities :
1 to 4 all, b) 1 and 2 only, c) 1 and 3 only, d) 1 only
26 As per Basel III, the investment of a bank in the capital of a banking or financial or insurance entity is restricted to which of the
following: a) 10% of capital funds (after deductions) of the investing bank, b) 5% of the investee bank's equity capital, c
30% of paid up capital and reserves of the bank or 30%, of paid up capital of the company, whichever is lower. d all the above
27 The net stable funding ratio (NSFR) under Basel-III will be implemented in India from:
a 01.01.2017, b 01.04.2017, c 01.01.2018, d 01.04.2018
28. Under Basel III, the risk weight for capital charge for credit risk on the basis of standardized approach, does not match in respect
of which of the following:
a. Fund & non-fund based claims on Central Govt. 0%, b Fund and non-fund based Central Govt. guaranteed claims — 0%, c
Fund and non-fund based State Govt. guaranteed claims — 0%
D Fund and non-fund based claims on State Govt. — 0%.
29 Under Basel III, the risk weight for capital charge for credit risk on the basis of standardized approach, does not match in respect
of which of the following:
a) Claims on RBI or DICGC 0%, b) Claims on Credit Guarantee Fund Trust for MSE — 0%, c) Claims on Credit Risk
Guarantee Fund Trust for Low Income Housing — 0%, d) Claims on ECGC — 0%.
30. Under Basel III, the risk weight for capital charge for credit risk on the basis of standardized approach, does not match for claims
on foreign governments (based on rating of international rating agencies such as S & P, Fitch, Moody's Rating), in respect of which of
the following:
AAA to AA rating — 0%, b: BBB rating — 20%, c: Below B rating — 150%, d: unrated — 100%
31. Under Basel III, the risk weight for capital charge for credit risk on the basis of standardized approach, does not match for claims
on foreign public sector enterprises (based on rating of S & P, Fitch, Moody's Rating), in respect of which of the following:
a: AAA to AA rating — 20%, b: A rating — 20%, c: BBB to BB rating — 100%, d: unrated — 100%.
32. Under Basel III, what is the risk weight for capital charge for credit risk on the basis of standardized approach, for claims on
Bank for International Settlements, International Monetary Fund, Multi lateral Development Banks:
a: 0% b: 10%, c: 20%d: 50%.
33. Under Basel III, the risk weight is % for capital charge for credit risk on the basis of standardized approach, for claims
on banks incorporated in India and foreign bank branches in India, where they meet the level of common equity Tier I capital

and applicable CCB: a: 0% b: 10%, c: 20% d: 50%
34.Under Basel III, the risk weight for capital charge for credit risk on the basis of standardized approach, does not match for claims
on foreign banks (based on rating of international rating agencies such as S & P, Fitch, Moody's Rating), in respect of which of the
following: a) AAA to AA rating — 20% b) BBB rating — 50%, c) Below B rating — 150% d) unrated — 150%,
35. Under Basel III, the risk weight for capital charge for credit risk on the basis of standardized approach for long term loans, does
not match for claims on domestic corporates, AFC and NBFC-IFC (based on rating of internal rating agencies such as CRISIL, CARE,
ICRA etc.), in respect of which of the following:
a) AAA rating — 20%, b) A rating — 50%, c) BBB —100%, d) unrated — 150%
36. Under Basel III, the risk weight for capital charge for credit risk on the basis of standardized approach for short term loans, does
not match for claims on domestic corporates, AFC and NBFC-IFC (based on rating of internal rating agencies such as CRISIL, CARE,
ICRA etc.), in respect of which of the following: a) Al+ - 20%, b) A2 — 50%, c) A3 — 75%, d) A4 —150%
37. Under Basel III, the risk weight is % for capital charge for credit risk on the basis of standardized approach, for
claims included in regulatory retail portfolio: a 20% b: 50%, c 75% d: 100%
38. Under Basel III, which of the following is part of the regulatory retail portfolio (1) mortgage loans which qualify as claim
secured by residential property or commercial real estate (2) consumer credit or personal loans or credit card receivables
(3) capital market exposure (4) venture capital exposure.
a) I and 3 only, b) 2 and 4 only, c) 1 to 4 all, d) none of the above
39. Under Basel III, to consider a claim as part of regulatory retail portfolio, which of the following condition is stated correctly:
(1) orientation criteria i.e. the exposure to individual person or to small business, where total average annual turnover in small
business is less than Rs.50 or (2) granularity criteria i.e. no aggregate exposure to one counterpart is more than 02% of overall
regulatory retail portfolio (3) maximum retail exposure to one counterpart does not exceed the threshold limit of Rs. I cr.
a) 1 to 3 all, b) 1 and 2 only c) I and 3 only, d) 2 and 3 only
40. Under Basel III, the risk weight for capital charge for credit risk on the basis of standardized approach for home loan up to Rs.20
lac where loan to value (LTV) ratio is 90% is : a) 20% b) 50%, c) 75% d) 100%.
41. Under Basel III, the risk weight for capital charge for credit risk on the basis of standardized approach for home loan of above
Rs.20 lac up to Rs.75 lac, where loan to value (LTV) ratio is 80% is : a) 20% b: 50%, c 75% d: 100%
42. Under Basel III, the risk weight for capital charge for credit risk as per standardized approach for home loan
of above Rs.75 lac, where loan to value (LTV) ratio is 75% is :- a) 20% b: 50%, c 75% d: 100%
43. Under Basel III, the risk weight is for capital charge for credit risk on the basis of standardized approach
for commercial real estate — residential housing: a) 20% b: 50%, c) 75% d: 100%.
44. Under Basel III, the risk weight is for capital charge for credit risk on the basis of standardized approach for exposure to
commercial real estate:- 20% b: 50%, c: 75% d: 100%.
45. Under Basel III, for home loan purpose, the loan to value ratio (LTV) ratio is calculated as :
a) (principal + other charges) / (realizable value of mortgage property), b) (principal + accrued interest + other charges) /
(realizable value of mortgage property) c) (principal + accrued interest) / (realizable value of mortgage property), d) (principal +
accrued interest + other charges) / (cost of mortgage property)
46. Bank's exposure for dwelling unit to an individual shall be treated as exposure to commercial real estate, as per Basel III:- a:
2nd
b: 3rd, c 4th d: 5th
47. As per BaselIII implementation, the risk weight for unsecured portion of NPA for credit risk as per standardized approach is
% if the specific provision is less than 20% of the outstanding in NPA account:- a. 150%, b: 100%, c: 75% d: 50%
48. As per BaselIII implementation, the risk weight for unsecured portion of NPA for credit risk as per standardized approach is
% if the specific provision is at least 20% of the outstanding in NPA account:- a 150% b: 100%, c: 75% d: 50%
49. As per BaselIII implementation, the risk weight for unsecured portion of NPA for credit risk as per standardized approach is
% if the specific provision is at least 50% of the outstanding in NPA account:- a 150% b: 100%, c: 75% d: 50%
50. Under Basel III, the risk weight for capital charge for credit risk on the basis of standardized approach for which of the following
exposure, does not match: a) venture capital — 150% b) consumer credit or personal loans— 125%, c) credit card -
125%, d) capital market exposure 100

Ans::

1 C 2 B 3 A 4 B 5 C 6 B 7 C 8 C 9 D 10 D
11 B 12 D 13 D 14 A 15 B 16 D 17 C 18 D 19 A 20 A
21 A 22 A 23 A 24 B 25 A 26 D 27 C 28 C 29 D 30 B
31 B 32 C 33 C 34 D 35 D 36 C 37 C 38 D 39 B 40 B
41 B 42 C 43 C 44 D 45 B 46 B 47 A 48 B 49 D 50 D

Today's Headlines

Today's Headlines from www:

Economic Times

📝 RIL picks up 5.56% stake in tech startup for $5 million

📝 Railway expenditure outpaces earnings, operating ratio breaches 112%

📝 GE Power India consortium bags order in Malaysia

📝 Government to auction power transmission contracts worth Rs 8,000 crore soon

📝 JICA to offer loan assistance of Rs 20,196 cr for CMRL

📝 Huawei India ready to share source code for security screening

📝 This year's market turmoil left the world's richest poorer by $511 billion

📝 Government to meet fiscal deficit target of 3.3%: Arun Jaitley

Business Standard

📝 India's stock market is 7th biggest in the world with m-cap of $2.1 trn

📝 GST Council cuts rates on 23 items including TVs, no relief on cement

📝 Premium growth of life insurers hits 4-year low; LIC's collections drop

📝 Healthium to foray into urology space, to invest $5 mn in Kunigal plant

📝 Food deflation shows rural distress, economists bat for innovative steps

📝 Import of natural gas on the rise, up 13% in April -October period

📝 Central govt working to finalise rules on online sale of medicines

Financial Express

📝 Cheer for auto industry finally, year-end witnesses spike in car bookings

📝 NCLAT stays insolvency proceedings against ECL

📝 Malaysia seeks $7.5 billion in reparations from Goldman Sachs

📝 Samsung to produce 7nm microprocessors for IBM CPU

📝 China launches first satellite for space-based broadband project

Mint

📝 Big relief for film industry, GST rate on movie tickets reduced to 18%

📝 Nasdaq in bear market, Dow hits lowest since 2008 recession

📝 US govt shutdown begins; 8 lakh employees without pay this Christmas

📝 Facebook developing cryptocurrency for WhatsApp transfers: Report

📝 Pass on GST rate cuts or face withdrawal of benefits: Jaitley to businesses.

KYC AML Obligation of Reporting Entity

Obligation of Reporting Entity:::( Maintenance of records)

Section 12 of the Prevention of Money Laundering Act, 2002, makes it mandatory for every reporting entity to maintain a record of all transactions and submit to Director such reports at such intervals as prescribed by Rules 3,4,5,7 and 8 of Prevention of Money Laundering (Maintenance of Records) Rules, 2005.

Rule 3 of the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 prescribes the kind of report which need to be submitted by the Reporting Entities.

" 3. Maintenance of records of transactions (nature and value)

(1) Every reporting entity shall maintain the record of all transactions including, the record of—

(A) all cash transactions of the value of more than ten lakh rupees or its equivalent in foreign currency;

Bitcoin - A cryptocurrency

Bitcoin - A cryptocurrency
The currency can be a Metal currency (coins), Paper currency (bank notes), Plastic currency (debit cards) or Cryptocurrency.
Bitcoin is a Cryptocurreny. Other cryptocurrencies are Ethereum, Ripple, Litecoin etc. (collectively called Altcoin).
What is a Cryptocurrency? It is a digital money system designed to make monetary transactions secure by use of Cryptography.
It is process of converting legible information into an almost uncrackable code, to track the transactions. Such currencies are
created and stored electronically in the block-chain.
Features of cryptocurrency including Bitcoin:
1) It is not backed by underlying assets. Hence it has no instrinsic value.
2) It has no physical form and exists in network only.
3) It is not issued or regulated by a Monetary Authority & network is decentralized.
4) It can be used like a paper currency to buy goods and services.
Why cryptocurrency : Creation of a currency not controlled by govt. or businesses, that a user could trade globally with no cost and
without having to reveal his/her identity. Origin of Bitcoin : In Aug 2008, domain name “bitcoin.org” was registered. The word bitcoin
was defined in a white paper published on 31 Oct 2008 by Satoshi Nakamoto (an anonymous person or persons). In Jan 2009, the Bitcoin
network started functioning when Satoshi Nakamoto mined first block. The receiver of first Bitcoin was a Hal Finney. Features of
Bitcoin:
How it is used? The bitcoin network is a peer-to-peer network and the payments and receipts happen directly without any
intermediary. In case of other currencies an intermediary like a bank also participates.
Verification of transactions: The transactions in bitcoin are verified by the bitcoin network computers and then recorded in a
public ledger, called Blockchain.
What is blockchain? Blockchain is a distributed database. It enables independent verification of chain of ownership of all Bitcoin
transactions. Whenever a Bitcoin transaction takes place, its detail is broadcast over the Bitcoin network. Each network computer stores its
own copy of the blockchain. Every peer has a record of complete history of all transactions and balance of every account, in the block
chain.
Ownership: Bitcoins are registered as bitcoin address in the block chain. For spending bitcoin money, owner needs corresponding private
key and sign the transaction digitally. Volume of bitcoin: As per Bitcoin code, there is a limit to issue only 21 million Bitcoins. According to
current estimate, the bitcoin mining will last till the year 2140 AD only. Mining and creation of Bitcoin: The process of creating bitcoins is
called mining. Miners are members of public with skills to handle complex computers. They have a financial incentive (to earn Bitcoins) for
helping to validate and timestamp, the transactions The miners use the high-powered computer software, to solve complex mathematical
algorithms (puzzle) and verify them, to make the Blockchain more secure. The level of difficulty of the puzzle is very high. It takes lot of
time & effort to solve a puzzle. The miners compete to solve these problems and the first person who submits the solution, is the winner
and receives a reward of a specific number of bitcoins. Where to get bitcoins? Bitcoins are available from a) Bitcoin exchanges, b)
Purchase from other users and c) By mining. Bitcoin Units: The unit is Bitcoin represented as BTC and XBT. Small amounts of bitcoin are
millibitcoin (mBTC) and satoshi. The smallest amount within bitcoin system is 0.00000001. A millibitcoin is equal to 0.001 bitcoin.
Properties of Bitcoin transactions:
1) Transaction is irreversible when it is confirmed within Bitcoin network.
2) Bitcoins are received on an address (it is randomly seeming chain of around 30 characters). Transactions and accounts are not
connected to real-world identies.
3) Transactions are on global basis. These are confirmed within few minutes
4) Funds are locked in a public key cryptography system. As a result, the transactions are secure.
5) Anyone can install the software and can start receiving or sending Bitcoins. No permissions are required.

Important financial abbreviations

 Important financial abbreviations

ADRs - American Depository Receipts

CAGR - Compounded Annual Growth Rate

CDSL - Central Depositary Services (India) Limited

ECS - Electronic Clearing Scheme

FIIs - Foreign Institutional Investors

GETFs - Gold Exchange Traded Funds

IFCI - Industrial Financial Corporation of India

IPO - Initial Public Offering

NSC - National Savings Certificate

OTCEI - Over the Counter Exchange of India Limited

Industrial Credit and Investment Corporation of India

Bank

NISM: National Institute of Securities Market

SIP: Systematic Investment Plan

SWP: Systematic Withdrawal Plan

AAY: Antyodaya Anna Yojana

CAA&A: Controller of Aid Accounts and Audit

CFPI: Consumer Food Price Index

CIRP: Corporate Insolvency Resolution Process

CLSS: Credit Linked Subsidy Scheme

DARE: Department of Agricultural Research and

Education

DDA: Doha Development Agenda

DGCI&S: Directorate General of Commercial

Intelligence and Statistics

DGFT: Directorate General of Foreign Trade

DIPAM: Department of Investment and public Asset

Management

DIPP: Department of Industrial Policy and Promotion

DISCOMS: Distribution Companies

EBRD: European Bank for Reconstruction and

Development

EFTA: European Free Trade Association

EIB: European Investment Bank

e-NAM: Electronic National Agriculture Market

EPCG: Export Promotion on Capital Goods

GCC: Gulf Cooperation Council

IBC: Insolvency and Bankruptcy Code

LFPR: Labour Force Participation Rate

M0: Reserve Money

M3: Broad money

MDGs: Millennium Development Goals

NAREDCO: National Real Estate Development Council

NCDs: Non-Convertible Debentures

NCLT: National Company Law Tribunal

NICRA: National Innovations on Climate Resilient

Agriculture

PMAY: Pradhan Mantri Awas Yojana

PMFBY: Pradhan Mantri Fasal Bima Yojana

PMKSY: Pradhan Mantri Krishi Sinchayee Yojana

POL:Petroleum Oil and Lubricants

RMSA:Rashtriya Madhyamik Shiksha Abhiyan

SSA: Sarva Shiksha Abhiyaan

SUUTI: Specified Undertaking for Unit Trust of India

UDAY: Ujjwal Discom Assurance Yojna

UDISE: Unified District Information System for

Education

Banking Terms

1. PSBs: Public Sector Banks
2. SNBCs: Schedule Non- Commercial Banks
3. SENSEX: Sensitive Index of Stock Exchange
4. KYC: Know Your Customer
5. RTGS: Real Time Gross Settlement
6. EFT: Electronic Fund Transfer
7. CBS: Core Banking Solutions
8. LIBOR: London Interbank Offered Rate
9. MIBOR: Mumbai Interbank Offered Rate
10. MIBID: Mumbai Interbank Bid Rate
11. SARFAESI: Securitisation & Reconstruction of
Financial Assets & Enforcement Of Security Interest
12. CAR: Capital Adequecy Ratio
13. FIIs: Foreign Institutional Investments
14. MICR: Magnetic Ink Character Recognition
15. BIRD: Bankers Institute of Rural Development
16. IBA: Indian Bank Association
17. BPLR: Benchmark Prime Lending Rate
18. SWOT: Strength, Weaknesses, Opportunities & Threats
19. SWIFT: Society For Worldwide Interbank Financial
Telecommunication
20. FERA: Foreign Exchange Regulatory Act
21. FEMA: Foreign Exchange Management Act
22. CASA: Current & Saving Account
23. NDTL: Net Demand & Time Liabilities
24. NASDAQ: National Association For Securities Dealers
Automated Quotations
25. CRISIL: Credit Rating & Investment Services India
Limited
26. CIBIL: Credit Information Bureau Of India Limited
27. NAV: Net Asset Value
28. ICRA: Indian Credit Rating Agency
29. CARE: Credit Analysis & Research Limited
30. WMAs: Ways & Means Advances
31. ALM: Asset Liability Management
32. INFINET Indian Financial Network
33. OLTAS - On-line Tax Accounting System (OLTAS) for
Direct Taxes
34. TIN - Tax Information Network (TIN)
35. IMPS - Interbank Mobile Payment Service (IMPS) or
Immediate Payment Service
36. CDR- Corporate Debt Restructuring
37. CAD- Capital Account Deficit
38. REITs: Real Estate Investment Trusts
39. InvITs: Infrastructure Investment Trusts
40. ALM- Asset Liability Management
41. ASBA: Application Supported by Blocked Amount
42. PIN: Personal Identification Number
43. CECA: Comprehensive Economic Cooperation
Agreement
44. CEPA: Comprehensive Economic Partnership
Agreemeny
45. DTAA – Double Taxation Avoidance Agreement
46. EFSF – European Financial Stability Facility
47. FINO- Financial Inclusion Network Operation
48. FIPB – Foreign Investment Promotion board
49. FSLRC– Financial Sector Legislative Reforms
Commission
50. CRAR: Capital to Risk-weighted Assets Ratio
51. LCR: Liquidity Coverage Ratio
52. TARC - Tax Administration Reform Commission
53. GIRO - Govt. Internal Revenue Order
54. FRBMA: Fiscal Responsibility & Budget Management
Act
55. AMFI- Association of Mutual Fund in India.
56. TIEA – Tax Information exchange Agreement
57. GAAR - General anti avoidance rule
58. GSLV - Geo-Synchronous Launch Vehicle
59. PPP – Public Private Partnership & Purchasing Power
parity
60. PSLV – Polar Satellite Launch vehicle
61. TAPI - Turkmenistan-Afghanistan-Pakistan-India.
62. QFI -Qualified Foreign Investors
63. AD-Authorized Dealer.
64. ASSOCHAM-Associated Chambers of Commerce &
Industry of India.
65. BCSBI-Banking Codes & Standards Board of India.
66. BIS-Bank for International Settlements.
67. CDS-Credit Default Swap.
68. CEPA-Comprehensive Economic Partnership
Management.
69. FIMMDA-Fixed Income Money MARKETS &
Derivatives Association.
70. FPI-Foreign Portfolio Investment.
71. IBRD-International Bank for Reconstruction &
Development.
72. UIDAI-Unique Identification Development Authority
of India.
73. PMGSY- Pradhan Mantri Gram Sadak Yojana
74. PMEGP- PM's Employment Generation Programme
75. NRDWP- National Rural Drinking Water Programme
76. PMKK- Pradhan Mantri Kaushal Kendras
77. SANKALP- Skill Acquisition & Knowledge Awareness
for Livelihood Promotion programme
78. STRIVE- Skill Strengthening for Industrial Value
Enhancement
79. NTA- National Testing Agency
80. ICDS- Integrated Child Development Services
81. TIES- Trade Infrastructure for Export Scheme
82. FIPB- Foreign Investment Promotion Board
83. CERT-Fin- Computer Emergency Response Team for
our Financial Sector
84. IRFC- Indian Railway Finance Corporation Limited
85. FFO- Further Fund Offering

EASE OF DOING BUSINESS

EASE OF DOING BUSINESS
(Read Once atleast)

The World Bank’s Doing Business Report
2018 ranked India 77th out of the 190
countries surveyed.

This is attributed to the success of the
government’s resolve to make difficult
decisions that have translated into remarkable
progress. India is one of the top five reformers,
improving its score in six out of ten criteria
used by the World Bank for measuring the
ease of doing business.
The Doing Business Report 2018 credited the
government for taking several measures to
boost its ranking. One such step was
recapitalizing the public sector banks with an
infusion of $32 billion. This includes 1.35 trillion
rupees through recapitalization bonds and 760
billion rupees via budgetary support. The easy
credit will spur investment in critical
infrastructural and power projects. The
government had also introduced 37 reforms
in areas such as insolvency resolution,
protecting the interest of minority
shareholders, and simplifying the process of
taxes. These measures, as the World Bank
report states, led to India’s boosted ranking.
Reforms to ensure the faster resolution of
commercial disputes could further improve
India’s ranking in future surveys.
Another major step taken by the government
was the introduction of the Bankruptcy and
Insolvency code (Amendment) Bill 2017. The
act makes it easier to exit or attempt a revival
of a business, thereby improving the
nonperforming assets (NPAs) dilemma for the
financial services sector. The country’s Gross
Domestic Product (GDP) growth rate has
plunged from a high of 9.2 percent in the third
quarter of 2016 to 5.7 percent in the third
quarter of 2017. Economists attribute this
mainly to the government’s demonetization
drive and poor implementation of the new
Goods and Service Tax (GST).
As the GST and the Banking and Insolvency
Act were introduced after the coverage period
for this year’s Doing Business Report, their
impact will be felt in the 2019 report.
There is one major caveat: the WB based its
report by talking to stakeholders only in two
cities: Mumbai and Delhi. If one were to also
factor the difficulties in starting a business in
India’s most populous state, Uttar Pradesh,
or other states like Bihar, Madhya Pradesh,
and Rajasthan, India’s ranking would take a
big hit. To plug the lacunae in the WB report,
the Department of Industrial Policy and
Promotion (DIPP) is undertaking its own much
wider evaluation across the country to find out
where real work is to be done.
Despite India’s phenomenal progress, its
ranking comes below most of its fellow BRICS
countries. Russia topped the BRICS with a
ranking of 35 in 2018, followed by China (78)
and South Africa (82). Of the BRICS, only
Brazil (125) was ranked lower than India.
However, India has shown more improvement
over the past four years than the other BRICS
members.
Meanwhile, India was outranked by a host of
Northeast and Southeast Asian economies.
South Korea (4), Hong Kong (5), Taiwan (15),
Thailand (26), and Japan (34) all figure in the
top 50 spots. Other Asian countries like
Mongolia (62), Vietnam (68), and Indonesia
(72) also outranked India.
If India wants to achieve the goal of a top 50
ranking by 2022, the government has to
introduce big ticket reforms in land ownership,
labour law, and the judicial process.
One area that continually frustrates foreign
investors is the complex procedure for getting
a construction permit. India has made dealing
with construction permits less cumbersome
by implementing an online system to
streamline the process in the municipalities
of New Delhi and Greater Mumbai. The online
system has reduced the number of steps and
overall time required to obtain a building permit
in India. However, a lot needs to be done to
make it easier to acquire both land and the
permits necessary to build on that land.
Another area of concern is labour law. The
government has been silent on this issue
because of pressure from trade unions; many
of the unions are affiliated with the ruling BJP.
The government is loath to displease this
strong and reliable constituency. However, the
Govt. needs to realize that it can encourage
foreign investment only if it musters the
courage to overhaul labor laws, which, in the
present form, make firing an employee very
complicated.
Another aspect where both the central and
state governments need to act immediately
is to cut the bureaucratic delays and resulting
corruption in granting permission to start abusiness. At every stage of the clearance
process — getting clearance to purchase land,
registering property, hooking up electricity and
water connections, getting environmental
clearance, obtaining permission from the
factory inspectorate and pollution control
boards, etc — nothing moves unless the
businessman or company pays a bribe. In one
classic case, a well-known automobile giant
decided not to set up a manufacturing facility
in the state of Tamil Nadu, because the
authorities wanted a fee amounting to 10
percent of the total project cost for facilitating
the process of approval for the plant. The
government should professionalize the
bureaucracy to avoid this.
India has already undertaken several
measures in this direction. With e-governance,
a single window concept can be introduced
where companies can file their application
online for all permissions. This will go a long
way toward eliminating bureaucratic hurdles
and corruption.
The Government of India is already working
in this direction, but only by taking bold steps
in pushing reforms and simplifying the
clearance processes will India be able to
realize the dream of being among the top 50
economies of the world.

Bcsbi rules

1. Title
These Rules may be called the Banking Code Rules.
2. Definitions
In these Rules -
a. 'BCSBI' means the Banking Codes and Standards Board of India;
b. 'Board' means the Governing Council of the Banking Codes and
Standards Board of India (BCSBI);
c. 'Code' means the Code of Bank's Commitment to Customers, as
amended from time to time;
d. 'Code Compliance Officer' means an employee of a Member appointed
as such in accordance with the requirements of these Rules;
e. 'Compliance Policy' means the policy set out in Chapter II of these
Rules;
f. 'Covenant' means the Covenant as in Form A of these Rules;
g. ' Disciplinary Procedure' means the disciplinary procedures set out in
Chapter III of these Rules;
h. 'Executive' means the Chief Executive Officer of the BCSBI;
i. 'Member' means a bank which has been admitted as a member of the
BCSBI in terms of Chapter I of these Rules.
CHAPTER I - MEMBERSHIP
3. Eligibility for Membership
3.1 The applicant must be a bank in India included in Schedule II to the Reserve
Bank of India Act, 1934.
3.2 The applicant must agree to adhere to the Code and sign the Covenant in
Form A.
3.3 The applicant must pay a non-refundable registration fee of Rs.10,000/-
(Rupees ten thousand only) to the BCSBI.
4. Application for Membership
4.1 Application for membership of the BCSBI shall be made in Form B.
4.2 The Chief Executive Officer shall place the application within 30 days of its
receipt before the Board.
4.3 The decision of the Board for admitting the applicant as member or rejecting
the application shall be communicated to the applicant within 45 days from
the date of receipt of the application.
4.4 The communication for admission shall state the membership fee payable
by the applicant for the first year, which it shall pay within thirty days from

the date of the receipt of the said communication.
4.5 The applicant whose application is rejected may make a representation to
the Board within 30 days from the date of receipt of communication of
rejection.
4.6 The Board may, if it considers necessary, afford an opportunity of hearing to
the applicant.
4.7 The decision of the Board regarding the admission of the applicant to the
membership of the BCSBI shall be final.
5. Membership Fees
5.1 Membership fees payable by Members shall be in proportion to their gross
domestic assets as on March 31, of the previous year and shall be of
such amount, as the Board may determine as payable by each Member.
Provided that the Board may prescribe a minimum fee that each Member
shall be liable to pay.
5.2 Membership fee for the first year shall be paid as stated in Rule 4.4.
5.3 Membership fee for the subsequent years shall be paid annually in
advance in respect of each financial year commencing April 1 within 30
days of the date of the invoice issued by the Executive.
5.4 Failure to pay annual membership fee within the specified time shall incur
a charge of interest at the rate of 2 percent per annum above the Bank
Rate from the date it is payable till the date of payment.
Provided where a Member does not pay the membership fee together with
interest due thereon for six months from the date of invoice, the Board shall
have a right to cancel membership of the bank without any further notice in
the matter.
5.5 Membership fee shall not be liable to be refunded on cessation of
membership whether on account of the Member's voluntary withdrawal or
on cancellation by the Board or for any reason whatsoever
5.6 Voluntary withdrawal of membership by the Member or its cancellation by
the Board shall not prejudice the right of the Board to institute any
investigation or disciplinary proceedings within three months of such
withdrawal/ cancellation or the right to continue any investigation or
disciplinary proceedings following such withdrawal/cancellation

6. Obligations of the Member
(a) A Member shall provide the BCSBI with such information as the BCSBI may
require from it from time to time to discharge its function of monitoring
compliance with the Code.
(b) Authorised representatives of the BCSBI shall be entitled to visit the
premises of any Member to verify and gather such information deemed
necessary for monitoring compliance with the Code.
(c) The Member shall cooperate with the authorised representatives of the
BCSBI visiting the bank.
(d) Incognito visits may also be undertaken to the premises of the Member.
(e) Member shall publish in its Annual Report sanctions imposed by the BCSBI.
7. Obligations of the BCSBI

7.1 In discharging its functions and in all its dealings with the Members, the BCSBI shall act in good faith. 7.2 The BCSBI shall not, save as required by law, or as permitted in accordance with these Rules, divulge any information in relation to the affairs or business of the Member which it knows at the time to be confidential and which has come in its possession in the course of its business. Notwithstanding this, the BCSBI shall be free to divulge any information about any Member to the Reserve Bank of India. CHAPTER II - COMPLIANCE POLICY 8. Submission of Annual Statement of Compliance 8.1 The Annual Statement of Compliance containing such information and details as the BCSBI may specify shall be submitted to the Board before July 31. This Statement shall be signed by the duly authorised Code Compliance Officer or an official duly authorised by the Member. 8.2 Failure to submit the duly completed Annual Statement of Compliance by due date, shall render the Member liable to a daily default fine as may be decided by the Board, provided that such fine shall not exceed Rs.1,000/- (Rupees one thousand only) per day. Provided further that if the default in submission of the duly completed Annual Statement of Compliance continues for six months from the date when it is due, the Board shall have the right to take appropriate action. 9. Code Compliance Officer 9.1 Every Member shall have a Code Compliance Officer at each of its Controlling Offices above the level of the branch and at the Head Office. Name, address and contact details of Code Compliance Officer/s shall be promptly notified to the BCSBI and shall be displayed at the branches falling under his jurisdiction as also be available to customers. 9.2 The Code Compliance Officer shall maintain a Register to keep a record of all breaches within his jurisdiction of which he becomes aware and also the details of the remedial action taken. 9.3 The Code Compliance Officer shall inform the BCSBI of (a) every breach, within 7 days, and (b) the remedial action taken, within 15 days, of the breach being brought to his notice. 10 Breach 10.1 Failure to comply with or fulfil any commitment/s or any obligation/s, in full or in part thereof, under the Code or these Rules shall constitute a Breach. 10.2 The purposes of disciplinary sanctions for breach of the Code or these Rules are: (a) to act as a deterrent against future breaches by the delinquent Member; (b) to engender public confidence in the Code by demonstrating that Members cannot indulge in unfair, unreasonable or unethical conduct with impunity; (c) to help prevent Members from profiting from breaches whether by acts of commission, such as exploitative marketing or misleading advertising, or acts of omission, such as failure to upgrade systems and procedures to ensure compliance with Code requirements; (d) to help exclude Members which demonstrate unwillingness or serious inability to comply with Code obligations from membership. 10.3 A breach by a Member shall render it liable to sanction under these Rules. The Board shall act in a manner that is transparent, proportionate and consistent. 10.4 No sanction shall be imposed on any Member without giving it an opportunity of hearing by the Board. CHAPTER III - DISCIPLINARY PROCEDURE 11. The objective of the Disciplinary Procedure is to enable a non-compliant member to put right the system in a collaborative manner as quickly as possible. The effort would be to take remedial action involving minimum cost and inconvenience rather than penal measures. 12. Sources of Information 12.1 The BCSBI may choose to keep confidential, if so requested, the identity of any person who refers a breach for investigation to the BCSBI or its representative. 12.2 The BCSBI shall not undertake or cause investigation on a complaint which is anonymous or is considered to be fictitious, vexatious or frivolous. With respect to other complaints, the BCSBI may undertake or cause investigation at its discretion, but shall be under no obligation to do so. 13. Investigation 13.1 The Board may conduct or cause to conduct an investigation into a breach which is alleged or suspected of having been committed or which is alleged or suspected of being committed by a Member. 13.2 The Executive may make enquiries, seek clarification if necessary from the Code Compliance Officer, or in his absence, from the Chief Executive of the Member concerned, and from any other person it considers necessary. 13.3 The Board may appoint or request the Member to appoint accountant/s or other relevant professional/s to assist it in the investigation. Expenses including professional fees in respect of such appointment shall be payable by the Member concerned. 14. Procedure 14.1 The Executive shall prepare a draft statement of facts making out a prima facie case of the alleged Breach. 14.2 The draft statement of facts shall be served on the Member concerned, calling upon it to submit its explanation thereto within the time specified in the notice. 14.3 The Board shall consider the explanation, if any, and decide if the Breach is established and the sanction to be imposed, having regard to its gravity and other relevant factors. 14.4 The BCSBI shall inform its decision to the Member within 10 days of the meeting of the Governing Council in which such decision is taken. 14.5 The Member shall be provided with the reasons for the decision, and for the proposed sanction, if any, to enable it to make a representation in writing to the Board. The representation must reach the Board within 30 days of the date of the letter advising the Member of the decision of the Board. 14.6 The representation under Rule 14.5 shall be considered by the Board to decide whether its decision under Rule 14.3 needs any change. 14.7 The Member shall be advised of the Board's final decision within ten days of the meeting of the Board at which that decision is made. 14.8 The final decision shall take effect from the date it is communicated to the Member concerned. Provided that where no representation is received under Rule 14.5 within 20 days of the date of the letter advising the Member of the decision of the Board, the decision of the Board shall become effective on the expiry of that period. 15 Sanctions 15.1 For arriving at the sanction, all relevant factors shall be taken into account, including: (a) the extent of actual or potential harm to the customer; (b) whether the breach was isolated or systemic; (c) whether the breach was inadvertent, or represented a knowing act of commission or omission; (d) the length of time over which the breach continued undetected or without effective remedial action being taken; (e) whether there were any warning signals, such as concerns expressed in the media, customer complaints, or guidance from the BCSBI, and what heed was paid to such signals; (f) the extent of damage to confidence in, or the reputation of, the banking industry at large; (g) the extent to which the Member sought to profit, or to avoid or mitigate a loss, by its actions or omissions. 15.2 The Board shall be entitled to impose one or more of the following sanctions: (a) the publication of the Member's name and details of the breach in the Annual Report of the BCSBI; (b) the issue of directions as to future conduct of the Member; (c) the issue of a warning or reprimand to the Member; (d) the cancellation or suspension for a limited period of membership of the Member; (e) public censure of the Member, by notifying the media of the findings in respect of a breach or breaches and any sanctions applied, and posting the press release on the BCSBI's website. Instead of, or in addition to, notifying the media, notification may also be made to any other bodies, as the Board may deem fit. 15.3 The Board shall ensure that its sanction does not affect the confidentiality obligation of the Member to its customers. 16. Costs Each party shall bear its own costs incurred during the Disciplinary Procedure except that the Member shall bear the cost of any appointments made under Rule 14.3. 17. Intimation to the Reserve Bank of India Where a sanction is imposed on any Member, the BCSBI shall inform the Reserve Bank of India the details of the Breach and the sanctions imposed. 18. Complaints 18.1 A Member who is dissatisfied in his dealings with the BCSBI may address his complaint initially to the Chief Executive Officer, unless it concerns the Chief Executive Officer's personal handling of the matter. 18.2 If the Chief Executive Officer fails to resolve the complaint, or is personally involved in the cause of complaint, the complainant may write to the Chairman of the Board. 18.3 Such complaints will be dealt with within thirty days from the date of its receipt. 19. Exemption The Board may, for reasons to be recorded in writing, exempt any Member from any of its obligations, including obligation to comply with the Code, or any rules or regulations, for such period and subject to such conditions as the Board may deem fit. 20. Powers to alter Rules 20.1 The Board may alter these Rules, Compliance Policy, Disciplinary Procedure, Forms etc. to enable the BCSBI to discharge its functions of monitoring and encouraging compliance with the Code. 20.2 An alteration made under Rule 20.1 will be notified to the Members in writing not less than 20 days prior to the date on which it comes into effect. 21. A decision of the Board shall be binding on the Member. (Rule

Bcsbi

Banking Codes and Standards Board of India (BCSBI)::



In November 2003, Reserve Bank of India (RBI) constituted the Committee on Procedures and Performance Audit of Public Services under the Chairmanship of Shri S.S.Tarapore (former Deputy Governor) to address the issues relating to availability of adequate banking services to the common person. The mandate to the Committee included identification of factors that inhibited the attainment of best customer services and suggesting steps to improve the quality of banking services to individual customers. The Committee felt that in an effort to continuously upgrade the package of services that banks offered to their customers, there was a need for benchmarking of such services. After an in-depth study at the grass-roots level, the Committee concluded that there was an institutional gap for measuring the performance of banks against a bench mark reflecting the best practices (Code and Standards). Therefore, the Committee recommended setting up of the Banking Codes and Standards Board of I ndia (BCSBI). BCSBI was set up to ensure that the common person as a consumer of financial services from the banking Industry is in no way at a disadvantageous position and really gets what he/she has been promised.



The Scheme of Banking Ombudsman, which has been functioning for quite some time, does not look into systemic issues with a view to enforcing a prescribed quality of service. Ideally, such a function should be performed by a Self-Regulatory Organisation (SRO) but in view of the existing framework of the banking sector in India, it was felt that an independent, autonomous Board will be best suited for the function. Therefore, Dr. Y.V. Reddy, Governor, Reserve Bank of India, in his Monetary Policy Statement (April 2005) announced setting up of the Banking Codes and Standards Board of India in order to ensure that a comprehensive code of conduct for fair treatment of customers was evolved and adhered to.



The Banking Codes and Standards Board of India was registered as a society under the Societies Registration Act, 1860 in February 2006. It functions as an independent and autonomous body. Membership of BCSBI is voluntary and open to scheduled banks. Initially the membership of BCSBI was open to scheduled commercial banks and has now been extended to include Regional Rural Banks and select Urban Co-operative Banks.



The general superintendence, direction and control of the affairs and funds of the Society is vested in the Governing Council (constituted by RBI) consisting of members drawn from different disciplines such as banking, economics, service etc. The first Governing Council relinquished office in December 2011 after which a new Governing Council was constituted.



The main objectives of the BCSBI are



To plan, evolve, prepare, develop, promote and publish comprehensive Codes and Standards for banks, for providing for fair treatment to their customers.



To function as an independent and autonomous body to monitor, and to ensure that the Codes and Standards adopted by banks are adhered to, in letter and spirit, while delivering services to their customers.



BCSBI has in collaboration with the Indian Banks' Association (IBA), evolved two codes - Code of Bank’s Commitment to Customers and the Code of Bank’s Commitment to Micro and Small Enterprises - which set minimum standards of banking practices for member banks to follow when they are dealing with individual customers and micro and small enterprises. These Codes are subject to periodical review and revision.. The central objective of these Codes is promoting good banking practices, setting minimum standards, increasing transparency, achieving higher operating standards and above all, promoting a cordial banker-customer relationship which would foster confidence of the common man in the banking system. The Codes lay great emphasis on transparency and providing full information to the customer before a product or service is sold to him. The Codes are not only commitments of banks to their customers but also in a sense a Charter of Rights for the common person. By setting the minimum standards of customer service, the Codes make the customer aware of he can expect each bank to deal with the his / her day-to-day requirements,



BCSBI monitors the implementation of the Codes through the following methods:



Obtains from member banks an Annual Statement of Compliance (ASC)



Visits branches to find out the status of ground-level implementation of Codes



Studies complaints received from customers and orders / awards issued by Banking Ombudsmen / Appellate Authority to find out whether there is any system-wide deficiency



Organizes an annual Conference with Principal Code Compliance Officers of the Member banks to discuss implementation issues.



BCSBI also



Undertakes campaigns and initiatives to spread awareness of the Codes amongst customers and banks



Provides faculty support to training establishments of banks



Participates in on-location workshops held by / for member banks to increase coverage



associates with customer awareness programmes conducted by Banking Ombudsmen



provides credit counselling services in Mumbai



publishes quarterly newsletter entitled ‘Customer Matters’, containing matters of interest to customers



BCSBI is not a forum for redressal of individual grievances. BCSBI, however, examines each compliant to identify any systemic issue that may exist and takes up the matter with the respective bank to ensure that systems and procedures are suitably amended so that such complaints do not recur.

Current Affairs on 20.12.2018

Today's Headlines from www:

*Economic Times*

📝 Fed ignores Trump to raise rate, trims 2019 forecast to two hikes

📝 ONGC Board to consider OVL listing but IPO ruled out in near future

📝 Indiabulls Real Estate approves restructuring with subsidiaries

📝 K Raheja Corp subsidiary repays NCDs worth Rs 500 crore

📝 284 companies may face prosecution for CSR non-compliance

📝 Banks may remain closed for 5 days due to holidays, strikes in December

📝 Credit lending market continues to see robust growth: Report

*Business Standard*

📝 Centre to seek interim payout from Reserve Bank: Subhash Chandra Garg

📝 J&J loses motion to overturn $4.7 billion talc-ovarian cancer verdict

📝 Oppo calls on India's bond mkt, raises money by non-convertible debentures

📝 Capgemini raises fresher salary by 20%, adds 25,000 more people this year

📝 Airfares in Indian market are 10-15% lower, unsustainable: Boeing official

📝 PE investors fighting tough rules to back insurance companies, say experts

📝 Retail food service sector value expected to touch Rs 5 trn

📝 Agri logistics companies yet to see sizable investor interest, shows data

*Financial Express*

📝 Tata Motors liable to pay tax for possession of chassis, says SC

📝 Shell Eastern Petroleum to acquire 49% stake in Cleantech Solar

📝 Vehicles recalls jump over 2-fold in 2018

📝 Thyssenkrupp sets up technology centre in Pune

📝 M&A deal values saw sharp uptick in 2018, says report

📝 India’s fixed broadband speeds improved the most in 2018, says Ookla

📝 Tech major Garmin bets big on India’s wearables market

*Mint*

📝 NITI Aayog targets $4 trillion economy by 2022-23

📝 Government says genuine investments in start-ups will not be taxed

📝 DGCA mulling new method to get on-time performance of domestic airlines

📝 Binny Bansal seeks $100 mn from Walmart after Flipkart exit

📝 Canara Bank to raise up to ₹3,000 crore via Basel-III compliant bonds

📝 Edtech startup Toppr raises $35 million in fresh funding

📝 Milkbasket gets $7 million funding from Mayfield, others

📝 Maruti Suzuki cuts sales growth forecast to 8% for FY19.

Recollected questions Caiib HR elective

Recollected questions of HR elective (16/12/18. Motivation theories, QC, TQM, Benchmarking, Six sigma, HRP, Career planning, Job analysis, job evaluation, performance appraisal, f w Taylor scientific theory, Elton mayo HR theory, leadership styles, change management, knowledge management, training & development, trade union, labour welfare measures act. It's not only easy to crack & can score very good marks which helps for aggregate purpose too. All the best.

Current Affairs on 18.12.2018

Today's Headlines from www:

*Economic Times*

📝 Sebi lays down more robust risk management framework for equity derivatives

📝 D.light raises US$41 million to finance its solar and appliance business

📝 NHAI to miss its target by 33-37% for the year: ICRA

📝 Free pharma samples come under GST lens

📝 E-commerce share in India's FMCG retail sales triples in 2 years: Nielsen

📝 Bank of Baroda to shut three African branches by June

📝 5G spectrum auction in August 2019

*Business Standard*

📝 Govt confident of crossing disinvestment target, hopes to garner Rs 850 bn

📝 'Freight blocks' are the next growth engine for Indian Railways

📝 NBFCs stare at valuation hurdle, IPOs in pipeline may see tepid interest

📝 Cement companies on a capacity expansion spree; price rise uncertain

📝 Croma gets more social with brand, focuses on driving consumers to stores

📝 Fossil Group expands range of smart watches, launches 7 products in India

📝 IAF goes green, plans to fly biofuel-powered An-32 transport aircraft

*Financial Express*

📝 Government total liabilities rose to Rs 82.03 lakh crore in September quarter

📝 ISRO all set to launch GSAT-7A onboard GSLV-F11 on December 19

📝 Centre seeks RBI inputs for merger of public sector banks

📝 Max India promoters decide not to convert warrants into shares

📝 Google plans $1 billion office in New York, after Apple’s mega campus in Texas

📝 Commerce and industry ministry working on new e-commerce policy

📝 Industrial growth to leverage steel industry

*Mint*

📝 Govt to amend laws to allow banks, telecom firms to use Aadhaar

📝 Byju’s gets $540 million in funding at $3.6 billion valuation

📝 StanChart sells PE portfolio for $1 bn to Intermediate’s arm

📝 Quikr acquires real-estate platform India Property

📝 IL&FS puts road assets on the block

📝 Boeing buying stake in Embraer operations for $4.2 billion

📝 ABB sells power grids to Hitachi in $11 billion deal.

Caiib rural banking recollected

Rural banking elective.
Case study numerical 1.BKCC CALCULATION.
2.DSCR PROBLEM
3.NPV AND BCR NUMERICALS
4.PRIORITY SECTOR CASE STUDY
5.PMSBY APY AND PAYG CASE STUDIES
6.FARMER DOUBLE INCOME 2022 CASE STUDY
7.FARMER DEBT AND MFI CASE STUDY

Caiib Risk management recollected questions on 16.12.2018

Caiib Risk management recollected


Chief risk officer duty,reporting,appointmemt
Leverage ratio numerical
Operational risk
Pcr
Firb credit risk
Rsca operstional risk
Pilar 3 disclosure norms period
Rwas calculation

Numerical from BVP was also there,
Ques Obejective from PD ,EAD ,LGD
Market credit and operational risk theory based,


Which method we use for calculation of capital for credit operational and market risk
Case beta factor for agency services,
Icaap come under which piller,
CRO function
Reputation risk systematic risk come under

CAIIB IT Recollected todays exam

CAIIB IT Recollected

Questions asked in Morning Shift:
1. SDLC phase and definition
2. Normalization definition
3. Threats and attacks in network.
4.Routers/Switch/Firewall
5. Honey Pot
6. Biometrics.
7. Disaster avoidance.
8. Phases of CMM.
9. SQL query commands.
10. DDL/DML
11. NEFT/RTGS/FEDWIRE
12.SLA Negotiation
13. Purging of data.
14. Artificial Intelligence
15. Spamming/Eavesdropping/Phishing
16.Digital Signature
17. IDEA encryption
18. RAID
19.Generalized Audit Software
20. Virtual Classroom concept
21. Web SAFARI
22. Strategic Information
23. Fibre Optic cables.
24. Blooms Taxonomy
25. OLAP
26.Deferred Payment System
27.SFMS
28. Floor Limit ??
29. Software Escrow Management?
30. Types of cards?
31. Call Centre Benchmarks?
32. Hash Function used in Digital Signature?
33. SCORM benifit?
34. Characteristics of BHIM ?
35. Rupay Cards used in ?

CAIIB RETAIL TODAY'S RECOLLCTED QUESTIONS (16.12.2018)

CAIIB RETAIL TODAY'S RECOLLECTED QUESTIONS (16.12.2018)

1.CASE STUDY from fair practice code
2. SARFASEI related 5 to 6 questions
3.CASE STUDY gold scheme launched by GOI
4..CASE STUDY on Credit card
5.Bcsbi 5-9 ques
6.Neft settlemnt batches
7.Credit card numerical
8.Education loan casr study
9.Housing loan case studiees 2
10.Pmay one case study
11.Gold monetization scheme one case study
12.Case Study on Gold Scheme launched by GOI
13.Case Study on Education loan
14.Case Study on Housing loan
15.Case Study on PMAY
16.Case Study on Gold monetization scheme

17.Pari passu charge
Same property mortage to 2 banks on different dates
Mortage refers to which law?
Responsiveness, empathy, assurance 1 case study..
Sec 24B maximum exemption

Case studies

Credit card
Housing loan case study
Aur horizontal vertical ka case study
Bcsbi ka case study
Gold loan ka case study
Misc qstn
Emi  vehicle loan ki qstn
Onroad price 9.5lac
Roi & margin 10%
Invoice value 8lac calculate emi
First mobile atm
First talking atm for blind person

Case study on education loan, bcsbi, car loan, lok adalat limit, drt , core augmented potential product, emi calculation, brown label atm. Etc

Current Affairs on 16.12.2018

Today's Headlines from www:

*Economic Times*

📝 Air India Pilots suggest expansion of network to make it profitable

📝 SC order does not impact 31.1% stake sale to IHH Healthcare: Fortis

📝 Jawa opens two outlets in Pune, first in India after re-entry

📝 Ecommerce companies top digital advertisement spend charts

📝 Merger of BoB, Dena bank and Vijaya bank unwarranted: AIBEA

📝 Mukesh Ambani's Reliance Jio in talks with US handset company Flex for smartphone production

📝 Northeast telecom connectivity uncertain as DoT, BSNL differ

*Business Standard*

📝 Start-ups to be invited to tap into Rs 153-billion govt e-marketplace

📝 OMCs look to tap 120 million customers via WhatsApp for LPG services

📝 Hospital sector profits dragged by GST, stiff regulatory action: Icra

📝 Co-working firms, non-IT companies emerge as major office space occupiers

📝 Micro lenders' net interest margins to face pressure over competition: KPMG

📝 Traders, MSMEs saw 3.5 mn job losses due to note ban, GST, other factors

📝 Govt will focus more on public debt management in coming years: DEA secy

📝 India's CDAC, France's Atos sign Rs 4.5-bn deal for supercomputer network

*Financial Express*

📝 Oppo opens R&D centre in Hyderabad, largest outside China

📝 Elgi Equipments aims 2nd spot in global air compressor market by 2027

📝 Airtel board to meet next week to consider fund raising options

📝 Apple to update iPhones in China to avoid ban

📝 Global stock markets likely to strengthen in next 6 months: UBS

*Mint*

📝 Apple to roll out new Snoopy, Peanuts cartoon series

📝 Pokémon Go maker is seeking a $3.9 billion valuation

📝 RBI’s solution for MSME loan woes: Public credit registry

📝 NGT clears way for reopening Sterlite copper smelter; Tamil Nadu govt to move SC.