Tag Archives: Banking topics

Digital India Programme

Union Cabinet launched the Digital India Programme. The programme is worth 1 lakh crore rupees and seeks to transform the Indian economy into a digitally empowered knowledge economy. The Digital…

Mars Orbiter Mission/ Mangalyaan

Important Details about India’s Mars Orbiter Mission / Mangalyaan The Mars Orbiter Mission (MOM), also called as Mangalyaan (Mangalyan is an unofficial name) This program is run by ISRO (Indian…

Pro Kabaddi League

The Pro Kabaddi League (PKL) is a professional kabaddi league in India, based on the format of the Indian Premier League. The first edition of the tournament started on 26…

Pradhan Mantri Jan Dhan Yojana

Prime Minister Narendra Modi launched his government’s mega scheme ‘Jan Dhan Yojana’, declaring that it was aimed at eradicating financial untouchability by providing bank accounts to the poor. On the…

Banking Abbreviations

REER: Real Effective Exchange Rate NEER: Nominal Effective Exchange Rate LIBOR: London Inter Bank Offer Rate MIBOR: Mumbai Inter Bank Offer Rate EFT: Electronic Fund Transfer NEFT: National Electronic Funds…

Important Committees related to Banking and Finance

Abid Hussain Committee : On Small Scale Industries A C Shah Committee : Reforms Relating To Non Banking Financial Companies (NFBC) Aditya Puri Committee : Dissemination of Credit Information Anil…

Union Budget 2014-15 Highlights

FDI in defence sector to go up to 49% Greater autonomy to banks PSU 247,944 cr capex to create industrial cycle Smart cities: PM has vision of developing 100 new…

Special Schemes/ Services of Various Banks

TAB BANKING FACILITY = SBI BOUTIQUE FINANCING SCHEME = SBI Twitter Handle account = SBI Asha Home loan = AXIS BANK Airtel money = AXIS BANK+AIRTEL Kisan card = AXIS…

Computer Shortcuts

Alt + F —- File menu options in current program. Alt + E —- Edit options in current program F1 —– Universal Help in almost every Windows program. Ctrl +…

Important Awards and their Fields

Oscar – Film Dada Sahib Phalke – Film Grammy – Music Pulitzer – Journalism and Literature Arjun – Sports Bowelay – Agriculture Kalinga – Science Dhanwantri – Medical Science Bhatnagar…

What is Over Draft ?

An overdraft facility is a formal arrangement with a bank that allows an account holder to draw on funds in excess of the amount on deposit. This type of financing…