Dear Readers,
After analysing both the shifts of today’s exam, we have seen repeations in the GA questions. Because of this, we feel that there are some very small topics in GA which just after reading can help you to do 4-5 more questions in GA apart from the current affairs section.
So for this, we have made small briefs on some of the topics which can help you all fo the tomorrow’s exam.
Just go through this and revise this.
All the best.
Small Banks
Key features of the Small Finance Bank
1)
The small finance bank shall primarily undertake basic banking activities of
acceptance of deposits and lending to unserved and underserved sections
including small business units, small and marginal farmers, micro and small
industries and unorganised sector entities.
The small finance bank shall primarily undertake basic banking activities of
acceptance of deposits and lending to unserved and underserved sections
including small business units, small and marginal farmers, micro and small
industries and unorganised sector entities.
2)
There will not be any restriction in the area of operations of small
finance banks.
There will not be any restriction in the area of operations of small
finance banks.
3)
The minimum paid-up equity capital for small finance banks shall be Rs. 100
crore. The promoter’s minimum initial contribution to the paid-up equity
capital of such small finance bank shall at least be 40 per cent and
gradually brought down to 26 per cent within 12 years from the date of
commencement of business of the bank.
The minimum paid-up equity capital for small finance banks shall be Rs. 100
crore. The promoter’s minimum initial contribution to the paid-up equity
capital of such small finance bank shall at least be 40 per cent and
gradually brought down to 26 per cent within 12 years from the date of
commencement of business of the bank.
4)
The small finance banks will be required to extend 75 per cent of its
Adjusted Net Bank Credit (ANBC) to the sectors eligible for classification
as priority sector lending (PSL) by the Reserve Bank.
The small finance banks will be required to extend 75 per cent of its
Adjusted Net Bank Credit (ANBC) to the sectors eligible for classification
as priority sector lending (PSL) by the Reserve Bank.
5)
At least 50 per cent of its loan portfolio should constitute loans and advances
of upto Rs. 25 lakh.
At least 50 per cent of its loan portfolio should constitute loans and advances
of upto Rs. 25 lakh.
Payment Banks
Key features of Payments Banks
1.
Acceptance of demand deposits. Payments bank will initially be
restricted to holding a maximum balance of Rs. 100,000 per individual
customer.
Acceptance of demand deposits. Payments bank will initially be
restricted to holding a maximum balance of Rs. 100,000 per individual
customer.
2.
Issuance of ATM/debit cards. Payments banks, however, cannot issue credit
cards.
Issuance of ATM/debit cards. Payments banks, however, cannot issue credit
cards.
3.
Payments and remittance services through various channels.
Payments and remittance services through various channels.
4.
BC of another bank, subject to the Reserve Bank guidelines on BCs.
BC of another bank, subject to the Reserve Bank guidelines on BCs.
5.
Distribution of non-risk sharing simple financial products like mutual fund
units and insurance products, etc.
Distribution of non-risk sharing simple financial products like mutual fund
units and insurance products, etc.
6.
The minimum paid-up equity capital for payments banks shall be Rs. 100 crore.
The minimum paid-up equity capital for payments banks shall be Rs. 100 crore.
7.
The payments bank should have a leverage ratio of not less than 3 per cent,
i.e., its outside liabilities should not exceed 33.33 times its net worth
(paid-up capital and reserves).
The payments bank should have a leverage ratio of not less than 3 per cent,
i.e., its outside liabilities should not exceed 33.33 times its net worth
(paid-up capital and reserves).
8.
Promoter’s contribution: The promoter’s minimum initial contribution to the
paid-up equity capital of such payments bank shall at least be 40 per cent for
the first five years from the commencement of its business.
Promoter’s contribution: The promoter’s minimum initial contribution to the
paid-up equity capital of such payments bank shall at least be 40 per cent for
the first five years from the commencement of its business.
Kisan Vikas Patra – KVP
1) The Small
Savings Directorate sells/issues KVP savings certificate across the country
through the post offices and nationalized banks.
Savings Directorate sells/issues KVP savings certificate across the country
through the post offices and nationalized banks.
2) The savings
scheme is open for all the citizens of India.
scheme is open for all the citizens of India.
3)
The
KVP certificates are available from nationalized banks, associate banks, state
banks and post offices across the country in denominations of Rs. 1,000, Rs.
5,000, Rs. 10,000 and Rs. 50,000.
The
KVP certificates are available from nationalized banks, associate banks, state
banks and post offices across the country in denominations of Rs. 1,000, Rs.
5,000, Rs. 10,000 and Rs. 50,000.
4) Amount
Invested doubles in 100 months (8 years & 4 months)
Invested doubles in 100 months (8 years & 4 months)
5)
Facility of nomination is available.
Facility of nomination is available.
6)
Kisan Vikas Patra certificates can be encashed after a lock-in period of 30
months or 2 years and 6 months. Thereafter, investors can withdraw in any block
of six months.
Kisan Vikas Patra certificates can be encashed after a lock-in period of 30
months or 2 years and 6 months. Thereafter, investors can withdraw in any block
of six months.
7)
The re-launched KVP offers 8.70% interest and will double the principal during
its maturity period of 100 months.
The re-launched KVP offers 8.70% interest and will double the principal during
its maturity period of 100 months.
BASEL-3
NORMS
NORMS
a)
Stefan Ingves, Governor of Sveriges Riksbank (SWEDEN), is the Chairman of the
Basel Committee.
Stefan Ingves, Governor of Sveriges Riksbank (SWEDEN), is the Chairman of the
Basel Committee.
b)
Basel III or Basel 3 released in December, 2010 is the third in the series of
Basel Accords. These accords deal with
risk management aspects for the banking sector.
Basel III or Basel 3 released in December, 2010 is the third in the series of
Basel Accords. These accords deal with
risk management aspects for the banking sector.
c)
According to Basel Committee on Banking Supervision “Basel III is a
comprehensive set of reform measures, developed by the Basel Committee on
Banking Supervision, to strengthen the regulation, supervision and risk
management of the banking sector”.
According to Basel Committee on Banking Supervision “Basel III is a
comprehensive set of reform measures, developed by the Basel Committee on
Banking Supervision, to strengthen the regulation, supervision and risk
management of the banking sector”.
Three
Pillars of Basel 3
Pillars of Basel 3
Pillar 1: Minimum Regulatory Capital Requirements based on Risk Weighted Assets
(RWAs):
Pillar 1: Minimum Regulatory Capital Requirements based on Risk Weighted Assets
(RWAs):
Maintaining
capital calculated through credit, market and operational risk areas (mainly
that capital which can absorb risk.)
capital calculated through credit, market and operational risk areas (mainly
that capital which can absorb risk.)
Pillar 2: Supervisory Review Process:
Pillar 2: Supervisory Review Process:
Regulating
tools and frameworks for dealing with peripheral risks that bank face.
tools and frameworks for dealing with peripheral risks that bank face.
Pillar 3: Market Discipline:
Pillar 3: Market Discipline:
Increasing
the disclosures that banks must provide to increase the transparency of banks
the disclosures that banks must provide to increase the transparency of banks
BHARAT RATNA
a)
The Bharat Ratna is the highest civilian award of the Republic of India.
The Bharat Ratna is the highest civilian award of the Republic of India.
b)
Instituted in 1954, the award is conferred “in recognition of exceptional
service/performance of the highest order
Instituted in 1954, the award is conferred “in recognition of exceptional
service/performance of the highest order
c)
The award was originally limited to achievements in the arts, literature,
science, and public services, but the government expanded the criteria to
include “any field of human endeavour” in December 2011.
The award was originally limited to achievements in the arts, literature,
science, and public services, but the government expanded the criteria to
include “any field of human endeavour” in December 2011.
d)
The first recipients of the Bharat Ratna were politician C. Rajagopalachari,
philosopher Sarvepalli Radhakrishnan, and scientist C. V. Raman, who were
honoured in 1954.
The first recipients of the Bharat Ratna were politician C. Rajagopalachari,
philosopher Sarvepalli Radhakrishnan, and scientist C. V. Raman, who were
honoured in 1954.
e)
The former Prime Minister Lal Bahadur Shastri became the first individual to be
honoured posthumously.
The former Prime Minister Lal Bahadur Shastri became the first individual to be
honoured posthumously.
f)
In 2014, cricketer Sachin Tendulkar, then aged 40, became the youngest
recipient
In 2014, cricketer Sachin Tendulkar, then aged 40, became the youngest
recipient
g)
The “Bharat Ratna” has been awarded to one naturalised citizen,
Mother Teresa, and to two non-Indians, Pakistan national Khan Abdul Ghaffar
Khan and former South African President Nelson Mandela.
The “Bharat Ratna” has been awarded to one naturalised citizen,
Mother Teresa, and to two non-Indians, Pakistan national Khan Abdul Ghaffar
Khan and former South African President Nelson Mandela.
MUDRA BANK:
Pradhan Mantri
Mudra Bank Loan Yojana PMMY
Mudra Bank Loan Yojana PMMY
• What is
MUDRA Bank?
MUDRA Bank?
Micro Units
Development and Refinance Agency (MUDRA) is a financial initiative by PM
Narendra Modi, crated in order to facilitate the micro units and provide them
sufficient funds in order to develop. Small businesses are often unable to
avail loans from banks because of lack of collateral and insufficient funds to
pay off the interest.
Development and Refinance Agency (MUDRA) is a financial initiative by PM
Narendra Modi, crated in order to facilitate the micro units and provide them
sufficient funds in order to develop. Small businesses are often unable to
avail loans from banks because of lack of collateral and insufficient funds to
pay off the interest.
• What is the
MUDRA Yojana?
MUDRA Yojana?
This is a
scheme to provide loans to small businesses and micro institutions. For now, it
will just refinance these institutions. This scheme would intervene in
providing finance to these micro institutions in three stages:
scheme to provide loans to small businesses and micro institutions. For now, it
will just refinance these institutions. This scheme would intervene in
providing finance to these micro institutions in three stages:
• Shishu:
Under the
Shishu stage, MUDRA will provide a loan up to RS.50, 000 to small businesses.
Shishu stage, MUDRA will provide a loan up to RS.50, 000 to small businesses.
• Kishor:
Next is the
Kishor stage. Under this stage, MUDRA will provide loans of an amount ranging
from RS.50, 000 up to Rs.5 lakh.
Kishor stage. Under this stage, MUDRA will provide loans of an amount ranging
from RS.50, 000 up to Rs.5 lakh.
• Tarun:
Last stage of
intervention is the Tarun stage. Under this stage, loans of amounts ranging
from Rs.5 lakh to Rs.10 lakh will be provided.
intervention is the Tarun stage. Under this stage, loans of amounts ranging
from Rs.5 lakh to Rs.10 lakh will be provided.
• Who is
eligible for loan under MUDRA Yojana?
eligible for loan under MUDRA Yojana?
Under the
MUDRA Yojana, all small businesses and enterprises in need of finance are
eligible for a loan.
MUDRA Yojana, all small businesses and enterprises in need of finance are
eligible for a loan.
Businesses of
proprietary as well as of partnership nature are eligible. Apart from this, all
small business and manufacturing units like food services, vegetables and fruit
vendors, hair cutting saloon, beauty parlours, transportation services, repair
shops, self help groups, hawkers, artisans and various other professionals and
service providers working at lower level are eligible to avail loans of up to
Rs.10 lakh.
proprietary as well as of partnership nature are eligible. Apart from this, all
small business and manufacturing units like food services, vegetables and fruit
vendors, hair cutting saloon, beauty parlours, transportation services, repair
shops, self help groups, hawkers, artisans and various other professionals and
service providers working at lower level are eligible to avail loans of up to
Rs.10 lakh.
For Noble
Prize Winners, Click on the link:
Prize Winners, Click on the link:
