Eligibility Criteria For Bank Exams – IBPS CWE (PO/MT & Officers/SBI Clerks & PO

 Bank Exams Eligibility Criteria:-

Age Limit Educational Qualifications
PO
IBPS CWE (PO/MT) for PSBs 20-30 Years Degree in any discipline from a recognised university or any equivalent qualification
IBPS CWE (Officers) for RRBs Officer Scale III – 21-40 yrs.
Officer Scale II – 21-32 yrs.
Officer Scale I – 18-28 yrs.
Degree in any discipline for General Banking Officers (50% for Scale II &III) & Degree / PG in a relevant subject for Specialist Officers as given in the notification. Experience also required for some posts
SBI/SBI Associate Banks PO 21-30 Years Graduation in any discipline from a recognised university / college
Clerks
IBPS CWE (Clerks) for PSBs 20-28 Years Degree in any discipline from a recognised university or any equivalent qualification
IBPS CWE (Office Assistants) for RRBs 18-28 Years Degree in any discipline from a recognised university or its equivalent. Proficiency in local language is mandatory
SBI/SBI Associate Banks Clerks 20-28 Years Degree in any discipline from a recorgnised university or any equivalent qualification

Heads of State Bank of India & Associates

  • SBI & Associates
 —  Arundhati Bhattacharya (Chairman)
  • State Bank of India
 — Prabhat Kumar (MD)
  • State Bank of Bikaner And Jaipur
 — Sri Jyoti Ghosh, MD
  • State Bank of Hyderabad
 — M. Bhagavantha Rao, MD
  • State Bank of Mysore
 — Sharad Sharma, MD
  • State Bank of Patiala
 — MS Ramesh Rngan, MD
  • State Bank of Travancore
 — Jeevandass Narayan, MD

Heads of Nationalised Bank in India

Name of Bank Headquarter Formation
Chairman/Managing Directors
Allahabad Bank Kolkata 1865 Rakesh Sethi
Andhra Bank Hyderabad 1923 C. V. R. Rajendran
Bank of Baroda Baroda 1908 S. S. Mundra
Bank of India Mumbai 1906 Vijayalakshmi R. Iyer
Bank of Maharashtra Pune 1935 Sushil Muhnot
Canara Bank Banglore 1906 R. K. Dubey
Central Bank of India Mumbai 1911 Rajeev Rishi
Corporation Bank Mangalore 1906 Sadhu Ram Bansal
Dena Bank Mumbai 1938 Ashwani Kumar
Indian Bank Chennai 1907 T. M. Bhasin
Indian Overseas Bank Chennai 1937 R. Koteeswaran
Oriental Bank of Commerce New Delhi 1943 Animesh Chauhan
Punjab National Bank New Delhi 1895 Gauri Shankar
Punjab and Sind Bank New Delhi 1908 Jatindraver Singh
Syndicate Bank Manipal 1925 Arun Shrivastava
UCO Bank Kolkata 1943 Arun Kaul
Union Bank of India Mumbai 1919 Arun Tiwari
United Bank of India Kolkata 1950 P. Srinivas
Vijaya Bank Banglore 1931 Kishore Kumar Sansi

List of Bank Branches in India

  • Abhyudaya Co Op Bank Ltd
  • Abu Dhabi Commercial Bank
  • Allahabad Bank
  • Andhra Bank
  • Axis Bank
  • Bank Of America
  • Bank Of Bahrain And Kuwait
  • Bank Of Baroda
  • Bank Of Ceylon
  • Bank Of India
  • Bank Of Maharashtra
  • Bank Of Tokyo Mitsubishi Ufj Ltd
  • Barclays Bank Plc
  • Bassein Catholic Co Op Bank Ltd
  • Bnp Paribas
  • Canara Bank
  • Catholic Syrian Bank Ltd
  • Central Bank Of India
  • Chinatrust Commercial Bank
  • Citibank
  • Citizen Credit Co Op Bank Ltd
  • City Union Bank Ltd
  • Corporation Bank
  • Credit Agricole Corp N Invsmnt Bank
  • Dbs Bank Ltd
  • Dena Bank
  • Deutsche Bank Ag
  • Development Credit Bank Limited
  • Dhanlaxmi Bank Ltd
  • Dicgc
  • Dombivli Nagari Sahakari Bank Limited
  • Firstrand Bank Limited
  • Hdfc Bank Ltd
  • Hsbc Bank Ltd
  • Icici Bank Ltd
  • Idbi Bank Ltd
  • Indian Bank
  • Indian Overseas Bank
  • Indusind Bank Ltd
  • Janakalyan Sahakari Bank Ltd
  • Janata Sahakari Bank Ltd
  • Jp Morgan Chase Bank
  • Kapol Co Op Bank
  • Karnataka Bank Ltd
  • Karur Vysya Bank
  • Kotak Mahindra Bank
  • Mahanagar Co Op Bank Ltd
  • Maharashtra State Co Operative Bank
  • Mashreq Bank Psc
  • Mizuho Corporate Bank Ltd
  • New India Co Operative Bank Ltd
  • Nkgsb Co Op Bank Ltd
  • Nutan Nagarik Sahakari Bank Ltd
  • Oman International Bank Saog
  • Oriental Bank Of Commerce
  • Parsik Janata Sahakari Bank Ltd
  • Punjab And Maharashtra Co Op Bank Ltd
  • Punjab And Sind Bank
  • Punjab National Bank
  • Rajkot Nagarik Sahakari Bank Ltd
  • Reserve Bank Of India
  • Standard Chartered Bank
  • State Bank Of Bikaner And Jaipur
  • State Bank Of Hyderabad
  • State Bank Of India
  • State Bank Of Mysore
  • State Bank Of Travancore
  • The Ahmedabad Mercantile Co Operative Bank Ltd
  • The Bank Of Nova Scotia
  • The Bharat Co Operative Bank Mumbai Ltd
  • The Cosmos Co Operative Bank Ltd
  • The Federal Bank Ltd
  • The Jammu And Kashmir Bank Ltd
  • The Kalupur Commercial Co Op Bank Ltd
  • The Kalyan Janata Sahakari Bank Ltd
  • The Karad Urban Co Op Bank Ltd
  • The Karnataka State Co Operative Apex Bank Ltd Ba
  • The Lakshmi Vilas Bank Ltd
  • The Mehsana Urban Co Operative Bank Ltd
  • The Mumbai Sub Urban Co Op Bank Ltd
  • The Nainital Bank Limited
  • The Nashik Merchants Co Op Bank Ltd
  • The Ratnakar Bank Ltd
  • The Royal Bank Of Scotland

List of Nationalised Banks in India and Their Head offices

S.No. Bank Name Year of Nationalisation Head Offices
1 Allahabad Bank 1969  

Allahabad Bank
Head Office, 2, Netaji Subhas Road
Calcutta-700 001.

2 Andhra Bank 1980  

Andhra Bank,
Andhra Bank Building Sultan Bazar, P.B.No.161
Hyderabad-500 001.

3 Bank of Baroda 1969  

Bank of Baroda,
Baroda Corporate Centre, C-26, G-Block, Bandra-Kurla Complex,
Bandra (East), Mumbai-400 051.

4 Bank of India 1969  

Bank of India,
Head Office Express Towers, Nariman Point
Mumbai-400 021.

5 Bank of Maharashtra 1969  

Bank of Maharashtra,
Lok Mangal 1501, Shivaji Nagar, Post Box No.919
Pune-411 005.

6 Canara Bank 1969  

Canara Bank,
112, Jayachamarajendra Road Post Box No.6648
Bangalore-560 002.

7 Central Bank of India 1969  

Central Bank of India,
Central Office Chander Mukhi, Nariman Point
Mumbai-400 021.

8 Corporation Bank 1980  

Corporation Bank,
Bharath Building G.H.S. Road, Post Box No.88
Mangalore-575 001.

9 Dena Bank 1969  

Dena Corporate Centre
C-10 G Block Bandra Kurla Complex Bandra East
Mumbai 400 051.

10 Indian Bank 1969  

Indian Bank
Building P.B.No.1384, 31, Rajaji Road
Chennai-600 001.

11 Indian Overseas Bank 1969  

Indian Overseas Bank,
Central Office 762, Anna Salai, P.B.No.3765
Chennai-600 002.

12 Oriental Bank of Commerce 1980  

Oriental Bank of Commerce
E-Block, Connaught Place, P.B.No.329
New Delhi-110 001.

13 Punjab & Sind Bank 1969  

Punjab & Sind Bank,
Bank House 4th floor , 21, Rajendra Place
New Delhi-110 008.

14 Punjab National Bank 1969  

Punjab National Bank
7, Bhikaji Cama Place, Africa Avenue
New Delhi-110 066.

15 Syndicate Bank 1969  

Syndicate Bank
Post Box No.1, Manipal-576 119
Karnataka State.

16 UCO Bank 1969  

UCO Bank,
Head Office 10, Biplabi Trailokya Maharaj , Sarani
Calcutta-700 001.

17 Union Bank of India 1980  

Union Bank of India,
Union Bank Building Central Office,
239, Backbay Reclamation Post Box No.93A,
Nariman Point,
Mumbai-400 021.

18 United Bank of India 1969  

United Bank of India
16, Old Court House Street
Calcutta-700 001.

19 Vijaya Bank 1980  

Vijaya Bank, Administrative Office Janardhan Towers No.2, Residency Road
Bangalore-560 025.

Banking Abbreviations

List Of Banking Abbreviations:

ABCI – Association of Business Communicators of India
ABCP – Asset Backed Commercial Paper
ACU – Asian Clearing Union
ADB – Asian Development Bank
ADF – Augmented Dicky Fuller
ADR – Asset Development Reserve
ADRs – American Depository Receipts
ADs – Authorised Dealers
AERA – Airport Economic Regulatory Act
AFI – Annual Financial Inspection
AIFI – All India Financial Institution
AIMSCS – Advanced Institute of Mathematics, Statistics and Computer Science
ALM – Asset Liability Management
AMA – Advanced Measurement Approach
AMFI – Association of Mutual Funds in India
AML – Anti-Money Laundering
AMU – Asian Monetary Unit
ANBC – Adjusted Net Bank Credit
APS – Annual Policy Statement
AS – Accounting Standard
ATM – Automated Teller Machine
BAFT – Bankers’ Association for Finance & Trade
BC – Business Correspondent
BCBS – Basel Committee on Banking Supervision
BCP – Business Continuity Planning
BCSBI – Banking Codes and Standards Board of India
BE – Budget Estimates
BF – Business Facilitator
BFS – Board for Financial Supervision
BFSI – Banking Financial Services and Insurance
BIS – Bank for International Settlements
BMP – Basic Management Programme
BoP – Balance of Payments
BPLR – Benchmark Prime Lending Rate
BPSS – Board for Regulation and Supervision of Payment and Settlement Systems
BRBNMPL – Bharatiya Reserve Bank Note Mudran Private Limited
BSA – Bilateral Swap Arrangements
BSE – Bombay Stock Exchange, Mumbai
BSR – Basic Statistical Returns
BTC – Bankers’ Training College
CA – Concurrent Audit
CAB – College of Agricultural Banking
CACP – Commission for Agricultural Costs and Prices
CAD – Current Account Deficit
CAMELS – Capital Adquacy, Asset Quality, Management, Earnings, Liquidity, Systems and Control
CAS – Central Account Section
CBDT – Central Board of Direct Taxes
CBLO – Collateralised Borrowing and Lending Obligation
CBS – Consolidated Banking Statistics
CBS – Core Banking Solutions
CC – Cubic Capacity
CCB – Central Co-operative Bank
CCC – Central Complaints Committee
CCIL – Clearing Corporation of India Limited
CCR – Counterfeit Currency Report
CCRS – Currency Chest Reporting System
CD – Certificate of Deposit
C-D – Currency-Deposit
CDBMS – Centralised Data Base Management System
CDOs – Collateralised Debt Obligations
CDR – Corporate Debt Restructuring
CDS – Credit Default Swap
CENVAT – Central Value Added Tax
CFMS – Centralised Funds Management System
CFSA – Committee on Financial Sector Assessment
CFT – Combating Financing of Terrorism
CGFTMSE – Credit Guarantee Fund Trust for Micro and Small Enterprises
CGRA – Currency & Gold Revaluation Account
CIC – Central Information Commission
CICs – Credit Information Companies
CIS – Commonwealth of Independent States
CMCPS – Compulsorily and Mandatorily Convertible Preference Shares
CMIS – Currency Management Information System
CoBoSAC – Corporate Bonds and Securitisation Advisory Committee
CODs – Central Office Departments
CoR – Certificate of Registration
CP – Commercial Paper
CPADS – Centralised Public Accounts Department System
CPC – Cheque Processing Centre
CPDO – Centralised Public Debt Office
CPFF – Commercial Paper Funding Facility
CPI – Consumer Price Index
CPI-AL – Consumer Price Index-Agricultural Labourers
CPI-RL – Consumer Price Index-Rural Labourers
CPI-IW – Consumer Price Index for Industrial Workers
CPIO – Central Public Information Officer
CPIs – Consumer Price Indices
CPMG – Corporate Performance Monitoring Group
CPPC – Central Pension Payment Cell
CPSEs – Central Public Sector Enterprises
CR – Contingency Reserve
CRAR – Capital to Risk-Weighted Assets Ratio
CRCS – Central Registar of Co-operative Societies
CRR – Cash Reserve Ratio
CSAA – Control Self Assessment Audit
CSD – Customer Services Department
CSF – Consolidated Sinking Fund
CSGL – Constituant Subsidiary General Ledger
CSO – Central Statistical Organisation
CTR – Cash Transaction Receipt
CTS – Cheque Truncation System
CTS – Complaint Tracking System
CVD – Countervailing Duty
CVPS – Currency Verification and Processing System
CWC – Central Water Commission
DAD – Deposit Accounts Department
DAP – District Agricultural Plan
DAPM – Department of Administration and Personnel Management
DBOD – Department of Banking Operations and Development
DBS – Department of Banking Supervision
DCC – District Consultative Committee
DCCB – District Central Cooperative Bank
DCM – Department of Currency Management
DEAP – Department of Economic Analysis and Policy
DEBC – Department of Expenditure and Budgetary Control
DEIO – Department of External Investments and Operations
DEPB – Duty Entitlement Pass Book
DGBA – Department of Government and Bank Accounts
DGCI & S – Directorate General of Commercial Intelligence and Statistics
DIC – District Industries Centre
DICGC – Deposit Insurance and Credit Guarantee Corporation
DIP – Disclosure and Investor Protection
DIT – Department of Information Technology
DMIS – Document Management Information System
DNBS – Department of Non-Banking Supervision
DOC – Department of Communication
DoT – Department of Telecommunication
DRG – Development Research Group
DRI – Differential Rate of Interest
DRT – Debt Recovery Tribunal
DS – Difference Stationary
DSB – Designated Settlement Banks
DSIM – Department of Statistics and Information Management
DvP – Delivery versus Payment
EACB – European Association of Co-operative Banks
EBT – Electronic Benefit Transfer
ECB – European Central Bank
ECBs – External Commercial Borrowings
ECGC – Export Credit Guarantee Corporation
ECR – Export Credit Refinance
ECS – Electronic Clearing Services
EEA – Exchange Equalisation Account
EEFC – Exchange Earners’ Foreign Currency
EFT – Electronic Funds Transfer
EMEs – Emerging Market Economies
EOU – Export Oriented Unit
EPCG – Export Promotion Capital Goods
ESOS – Employees Stock Option Scheme
EU – European Union
EXIM Bank – Export Import Bank
FAO – Food & Agriculture Organisation
FAQs – Frequently Asked Questions
FATF – Financial Action Task Force
FBT – Fringe Benefit Tax
FC – Financial Conglomerate
FCAs – Foreign Currency Assets
FCCB – Foreign Currency Convertible Bond
FCI – Food Corporation of India
FCNR(B) – Foreign Currency Non-Resident (Banks)
FDI – Foreign Direct Investment
FED – Foreign Exchange Department
FEDAI – Foreign Exchange Dealers’ Association of India
FI – Financial Institutions
FIEO – Federation of Indian Export Organisation
FIIs – Foreign Institutional Investors
FIPB – Foreign Investment Promotion Board
FITL – Funded Interest Term Loan
FIU-IND – Financial Intelligence Unit-India
FLCCs – Financial Literacy and Credit Counseling Centres
FMCG – Fast Moving Consumer Goods
FMD – Financial Markets Department
FOF – Flow of Funds
FPS – Focus Product Scheme
FRBM – Fiscal Responsibility and Budget Management
FRBs – Floating Rate Bonds
FRL – Full Reservoir Level
FRLs – Fiscal Responsibility Legislations
FSB – Financial Stability Board
FSF – Financial Stability Forum
FST – Financial Sector Technology
FVCIs – Foreign Venture Capital Investors
GCC – Gulf Cooperation Council
GCCs – General-purpose Credit Cards
GDP – Gross Domestic Product
GDRs – Global Depository Receipts
GFCE – Government Financial Consumption Expenditure
GFD – Gross Fiscal Deficit
GFSR – Global Financial Stability Report
GIPSA – General Insurer’s (Public Sector) Association of India
GoI – Government of India
GRF – Guarantee Redemption Fund
GSDP – Gross State Domestic Product
GST – Goods and Services Tax
HFCs – Housing Finance Companies
HLAC – High Level Advisory Committee
HLCCFM – High Level Coordination Committee on Financial Markets
HLG – High Level Group
HR – Human Resources
HRDD – Human Resources Development Department
HRMS – Human Resources Management System
HSUI – Housing Start Up Index
HTM – Held-to-Maturity
IAS – Integrated Accounting Systems
IASC – Inspection and Audit Sub-Committee
IBA – Indian Banks’ Association
ICAC – International Cotton Advisory Committee
ICAI – Institute of Chartered Accountants of India
ICAR – Indian Council for Agricultural Research
ICCOMS – Integrated Computerised Currency Operations and Management System
ICT – Information and Communication Technology
IDMD – Internal Debt Management Department
IDR – Indian Depository Receipt
IDRBT – Institute for Development & Research in Banking Technology
IEM – Industrial Entrepreneurs Memoranda
IES – Integrated Establishment System
IGIDR – Indira Gandhi Institute of Development Research
IIA – Institute of Internal Auditors
IIBM – Indian Institute of Bank Management
IIFCL – India Infrastructure Finance Company Limited
IIFT – Indian Institute of Foreign Trade
IIP – Index of Industrial Production
ILO – International Labour Organisation
IMA – Internal Models Approach
IMD – India Millennium Deposits
IMD – India Meteorological Department
IMF – International Monetary Fund
IMFC – International Monetary and Financial Committee
IODP – Integrated Officers Development Programmes
IPAs – Issuing and Paying Agents
IPCC – Inter-Govermental Panel on Climate Change
IPCs – Irrevocable Payment Commitments
IPDIs – Innovative Perpetual Debt Instruments
IPOs – Initial Public Offerings
IP-RR – Interest Payment – Revenue Receipt
IRB – Internal Ratings-Based
IRDA – Insurance Regulatory and Development Authority
IRFs – Interest Rate Futures
ISA – Information Systems Audit
ISACA – Information Systems Audit and Control Assessment
ISMS – Information Security Management System
ISO – International Organisation for Standardisation
IT – Information Technology
IT-BPO – Information Technology – Business Process Outsourcing
ITEs – Intra-Group Transactions and Exposures
IWMP – Integrated Watershed Management Programme
JLG – Joint Liability Group
JNNURM – Jawaharlal Nehru National Urban Renewal Mission
KCCs – Kisan Credit Cards
KVIBs – Khadi and Village Industries Boards
KVIC – Khadi and Village Industries Commission
KYC – Know Your Customer
LAF – Liquidity Adjustment Facility
LB – Lowest daily outstanding Balance
LCD – Liquid Crystal Display
LIBOR – London Inter-Bank Offer Rate
LOI – Letter of Intent
LPA – Long Period Average
MASI – Management Audit Systems Inspection
MAT – Minimum Alternate Tax
MCA – Ministry of Corporate Affairs
MBS – Mortgage Backed Securities
MF – Mutual Funds
MFDEF – Micro Finance Development and Equity Fund
MFDF – Micro Finance Development Fund
MFI – Micro Finance Institution
MICR – Magnetic Ink Character Recognition
MMA – Macro Management of Agriculture
MMBCS – Magnetic Media Based Clearing System
MMMFs – Money Market Mutual Funds
MMS – Multi Modal Settlements
MODVAT – Modified Value Added Tax
MoU – Memorandum of Understanding
MPD – Monetary Policy Department
MPI – Macro-Prudential Indicators
MPLS – Multi Protocol Label Switching
MSE-CDP – Micro and Small Enterprises ClusterDevelopment Programme
MSEs – Micro and Small Enterprises
MSMEs – Micro, Small and Medium Enterprises
MSOE – Minimum Standards of Operational Efficiency
MSP – Minimum Support Price
MSS – Market Stabilisation Scheme
MTM – Mark-to-Market
NAB – New Arrangement to Borrow
NABARD – National Bank for Agriculture and Rural Development
NASSCOM – National Association of Software and Services Companies
NAV – Net Asset Value
NBFCs – Non-Banking Financial Companies
NBFC-D – Deposit taking NBFC
NBFC-ND – Non-deposit taking NBFC
NBFC-ND-SI – Systemically Important Non-deposit taking NBFC
NCR – National Capital Region
NBO – National Building Organisation
NDA – Net Domestic Asset
NDS – Negotiated Dealing Systems
NDS – OM – Negotiated Dealing System – Order Matching
NDTL – Net Demand and Time Liability
NECS – National Electronic Clearing System
NEFT – National Electronic Funds Transfer
NFS – National Financial Switch
NFA – Net Foreign Assets
NFSM – National Food Security Mission
NGO – Non-Government Organisation
NHB – National Housing Bank
NIBM – National Institute of Bank Management
NIC – National Informatics Centre
NIF – National Investment Fund
NIMSME – National Institute for Micro, Small and Medium Enterprises
NIPFP – National Institute of Public Finance and Policy
NOC – No Objection Certificate
NOF – Net Owned Funds
NPAs – Non-Performing Assets
NPCI – National Payments Corporation of India
NPS – New Pension Scheme
NRAA – National Rain Fed Area Authority
NREGS – National Rural Employment Guarantee Scheme
NR(E)RA – Non-Resident (External) Rupee Account
NRI – Non-Resident Indian
NRRDA – National Rural Road Development Agency
NSE – National Stock Exchange
NSM – Note Sorting Machine
NSSF – National Small Saving Fund
NSSO – National Sample Survey Organisation
OBCs – Other Backward Classs
OBE – Off- Balance Sheet Exposures
OD – Overdraft
OECD – Organisation for Economic Co-operation and Development
ODI – Offshore Derivative Instruments
OLTAS – Online Tax Accounting System
OMO – Open Market Operation
OMS – Open Market Sales
OPEC – Organisation for Petroleum Exporting Countries
ORFS – Online Returns Filing System
OSMOS – Off-Site Monitoring and Surveillance
OTC – Over-the-Counter
OTS – One-Time Settlement
PACS – Primary Agricultural Credit Socity
PAD – Public Accounts Department
PAN – Permanent Account Number
PCA – Prompt Corrective Action
PCPS – Perpetual Cumulative Preference Shares
PDs – Primary Dealers
PDI – Perpetual Debt Instruments
PDO – Public Debt Office
PDO-NDS – Public Debt Office – Negotiated Dealing System
PDS – Public Distribution System
PE – Private Equity
PFCE – Private Final Consumption Expenditure
PFRDA – Pension Fund Regulatory and Development Authority
PGPBF – Post Graduate Programme in Banking & Finance
PIT – Personal Income Tax
PMEGP – Prime Minister Employment Generation Programme
PMLA – Prevention of Money Laundering Act
PMRY – Prime Minister’s Rojgar Yojana
PNCPs – Perpetual Non-Cumulative Preference Shares
POL – Petroleum, Oil and Lubricants
PPP – Public Private Partnership
PSBs – Public Sector Banks
PSS Act – Payment & Settlement Systems Act
PSUs – Public Sector Undertakings
QCBS – Quality and Cost Based Selection
QIB – Qualified Institutional Buyer
QIP – Qualified Institutional Placement
QMS – Quality Management System
R&D – Research & Development
RBIA – Risk Based Internal Audit
RBSC – Reserve Bank Staff College
RCs – Reconstruction Companies
RCC – Regional Complaints Committee
RCS – Registar of Co-operative Societies
RE – Revised Estimates
REER – Real Effective Exchange Rate
REGP – Rural Employment Generation Programme
RIDF – Rural Infrastructure Development Fund
RKVY – Rashtriya Krishi Vikas Yojana
RNCPS – Redeemable Non-Cumulative Preference Shares
RoA – Return on Assets
ROE – Return on Equity
ROSC – Report on Observance of Standards and Codes
RPCD – Rural Planning and Credit Department
RRBs – Regional Rural Banks
RTGS – Real Time Gross Settlement
RTI – Right to Information
RTP – Reserve Tranche Position
SAARC – South Asian Association for Regional Co-operation
SACPs – Special Agricultural Credit Plans
SAD – Single Administrative Document
SDDS – Special Data Dissemination Standards
SAMIS – Service Area Monitoring and Information System
SAP – State Agricultural Plan
SARFAESI – Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest
SBI – State Bank of India
SC – Scheduled Caste
SCs – Securitisation Companies
SCB – Scheduled Commercial Bank
SDLs – State Development Loans
SDR – Special Drawing Rights
SEBI – Securities and Exchange Board of India
SEZs – Special Economic Zones
SFCs – State Finance Corporations
SFMS – Structured Financial Messaging System
SFURTI – Scheme for Fund for Regeneration of Traditional Industries
SGL – Subsidiary General Ledger
SHGs – Self-Help Groups
SIDBI – Small Industries Development Bank of India
SIFI – Systemically Important Financial Intermediaries
SIPS – Systemically Important Payment System
SITP – Scheme for Integrated Textile Parks
SIVs – Structured Investment Vehicles
SLAF – Second Liquidity Adjustment Facility
SLA(IC) – Sundry Liabilities Account (Interest Capitalisation)
SLB – Securities Lending and Borrowing
SLBC – State Level Bankers’ Committee
SLR – Statutory Liquidity Ratio
SMEs – Small and Medium Enterprises
SMO – Special Market Operations
SPMCIL – Security Printing and Minting Corporation of India Ltd.
SPV – Special Purpose Vehicle
SREP – Supervisory Review and Evaluation Process
SRMS – Self Employment Scheme for Rehabilitation of Manual Scavangers
SSS – Securities Settlement System
ST – Scheduled Tribe
StCB – State Co-operative Bank
STCRC – Short-Term Co-operative Rural Credit
STOs – State Treasury Offices
STR – Suspicious Transaction Report
STRIPS – Separate Trading for Registered Interest and Principal of Securities
TAC – Technical Advisory Committee
TAFCUBs – Task Force for Urban Co-operative Banks
TAG – Technical Advisory Group
TALF – Term Asset-Backed Securities Loan Facility
TFC – Twelfth Finance Commission
TFCI – Tourism Finance Corporation of India
TFP – Total Factor Productivity
TFTS – Trade for Trade Settlement
TIN – Tax Information Network
TMSM – Training Methods and Skills for Managers
TMT – Thermo Mechanically Treated
ToRs – Terms of References
TS – Trend Stationary
TUFS – Technology Upgraded Fund Scheme
UBD – Urban Banks Department
UCBs – Urban Cooperative Banks
UCNs – Uniform Code Numbers
UNDP – United Nations Development Programme
UNICO – Umbrella Organisation for Large Cooperative Banks in Europe
UNDP – United Nations Development Programme
UNIDO – United Nations Industrial Development Organisation
UNME – Urban Non-Manual Employees
UTs – Union Territories
VAR – Vector Autoregression
VaR – Value at Risk
VKGUY – Vishesh Krishi Gram Udyog Yojana
VPN – Virtual Private Network
WADR – Weighted Average Discount Rate
WEO – World Economic Outlook
WMA – Ways and Means Advances
WPI – Wholesale Price Index
WSS – Weekly Statistical Supplement
WTO – World Trade Organisation
XBRL – eXtensible Business Reporting Language
XML – Extensible Markup Language
Y-o-Y – Year-on-Year
ZTC – Zonal Training Centre

Nationalised Banks of India

SBI was nationalized in the year 1955.

Banking system in India is dominated by nationalized bank. The Nationalization of banks in India took place in 1969 by Ms. Indira Gandhi, the then Prime Minister.

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Fourteen Banks were nationalized on July 19, 1969. These banks were:

  1. Punjab National Bank
  2. Bank of India
  3. Union Bank of India
  4. Central Bank of India
  5. Canara Bank
  6. UCO Bank
  7. United Bank of India
  8. Indian Overseas Bank
  9. Dena Bank
  10. Allahabad Bank
  11. Bank of Maharashtra
  12. Syndicate Bank
  13. Indian Bank
  14. Bank of Baroda

The second phase of Nationalisation of Indian Banks took place in the year 1980 on April 15th. Six more banks were nationalized with deposits over 200 crore.

Banks were–

  1. Andhra Bank
  2. New Bank of India
  3. Vijaya Bank
  4. Corporation Bank
  5. Oriental Bank of Commerce
  6. Punjab & Sindh Bank

PSUs (Public Sector Banks)

In addition to 21 nationalized banks, 6 other PSBs are working in India.

  1. IDBI
  2. State Bank of Patiala
  3. State Bank of Bikaner & Jodhpur
  4. State Bank of Mysure
  5. State Bank of Travancore
  6. State Bank of Hyderabad.

REGIONAL RURAL BANKS IN INDIA

The institution of RRBs was created to meet the excess demand for Institutional credit in the rural areas, particularly among the economically and socially marginalized sections.

On October 2nd 1975, Govt. of India had established 5 RRBs in India. These were:

  1. Gorakhpur (UP)
  2. Muradabad (UP)
  3. Jaipur (Rajasthan)
  4. Bhiwani (Haryana)
  5. Malda (WB)

Once the number of RRBs in India had reached 196, but at present these are only 82 RRBs working in India. The Capital Structure of RRBs is as follows:

  • 50% with the Govt. of India
  • 15% with the State Govt.
  • 35% with the Sponsor Bank

Banking Careers

Adventure is the life of Commerce,
but caution is the life of Banking.:- Walter Bagehot

Choice of a career is like the setting up of goal, a destination towards which man will proceed on. All his efforts will be employed for realizing that goal without a definite aim of life one cannot march ahead in a disciplined manner. One may have several alternative careers such as an Engineer, Doctor, Teacher, Banker etc. Among the different occupations, banking is no doubt a noble profession.bank - Best SSC, CDS, Bank, OTA, AFCAT, NDA Coaching in Dehradun

The word ‘bank’ comes from the ancient Italian word “banca” which means a bencher or a counter.
Banking sector of any country is one of the most vital sectors. Banks have its branches and networks scattered throughout the country. Banking not only provides life blood of capitalism i.e., credit, but telephones, automobiles, technology firms, oil companies, railroads and airplanes, all come from banks.
Banking is a service oriented profession. The scope of service in this field is maximums as compared to some other services.
Banking is one of the most sought after career choice among the students. It is an entry into a well paid, secure and status career. Though it may appears that their jobs are meant for Commerce/ Economics students but the fact is that majority of Bank officers are from different streams of education. The emergence of technology- driven new private banks have broadened the scope and range of banking service and entry of Financial institutions are into the short term leading business, is resulting in needs for more professionals. New Banks are in the Mutual funds, Credit Cards, Consumer loans, Housing loan, besides trading in gold and forex activities.

Generally banks look for Good Communication skills, Good Interpersonal skills, the ability is deal with customers, an alert nature and basic knowledge of the Industry.

There are following types of Commercial Banks:-

  • Public Sector Banks
  • Private Sector Banks
  • Foreign/ Multinational Banks.

Credit:- Mr. Himanshu Goel (Director OCA).