01. RBI was established during the year, 1935
02. RBI act was enacted during 1934
03. RBI has three main functions namely; traditional functions, development
functions and regulatory functions
04. The traditional functions consist of issue of currency, forex management
and miscellaneous functions.
05. The miscellaneous functions include export assistance, clearing house
functions, change of currency, transfer of currency, publication of statistics
and other information, training in banking
06. The development
functions mainly consist of agriculture development, promotion of industrial
finance, promotion of export through refinance, development of bill market and
development of banking system
07. The regulatory
functions mainly consist of qualitative credit control, bank rate, differential
rate of interest, open market operations, CRR, SLR, direct action, credit
authorization scheme and moral persuasion
08. The financial
system comprises – financial markets, financial assets and financial
intermediaries and institutions
09. Financial markets
are classified into money market and capital market
10. The capital market
consists of the following financial instruments namely; government or gilt
edged securities, corporate securities, shares, debentures, public deposits and
loan from institutions
11. The financial
regulatory authorities in India consist of RBI, SEBI and IRDA
12. The money market
terms are: money market, call money, notice money, term money, held till
maturity, yield to maturity, coupon rate, treasury operations and gilt edged
securities
13. The financial
instruments consist of bills, treasury bills, promissory notes, hundies,
certificate of deposits and commercial papers.
14. Stock exchanges are
available in important cities in the country
15. Mumbai stock
exchange – Mumbai
16. National stock
exchange – Mumbai
17. Ahmedabad stock
exchange – Ahmedabad
18. Bangalore stock
exchange – Bangalore
19. Bhubaneswar stock
exchange – Bhubaneswar
20. Kolkatta stock
exchange – Kolkatta
21. Cochin stock
exchange – Cochin
22. Coimbatore stock exchange
– Coimbatore
23. Delhi stock
exchange – Delhi
24. Guwahati stock
exchange – Guwahati
25. Hyderabad stock
exchange - Hyderabad
26. Jaipur stock
exchange – Jaipur
27. Ludhina stock
exchange – Ludhiana
28. Madhya Pradesh
stock exchange – Indore
29. Chennai stock
exchange – Chennai
30. Magadh stock
exchange – Patna
31. Mangalore stock
exchange – Mangalore
32. Meerut shah stock
exchange – Meerut
33. OTC Exchange of
India – Mumbai
34. Pune stock exchange
– Pune
35. Capital stock
exchange of India – Trivandrum
36. Uttar Pradesh stock
exchange – Kanpur
37. Vadadora stock
exchange – Vadadora
38. There are different
types of banks namely; savings bank, commercial bank, Industrial bank,
development bank, Land development bank, indigeneous bank, central bank,
cooperative bank, exchange bank, consumer bank
39. Banks have the
following functions namely; primary functions, secondary functions and social
development functions
40. The primary
functions consist of accepting deposits namely; fixed deposit, savings bank,
current account, recurring deposit, demat account
41. The primary
functions consist of granting different categories of loans namely; cash
credit, overdraft, loans and advances, discounting of bill of exchange,
investment in government securities
42. The secondary
functions can be classified into agency or representative functions and general
utility services
43. The agency or
representative functions consist of – collection and payment of various items;
purchase and sale of securities; trustee and executor business; remitting
money; purchase and sale of foreign exchange; issue of letter of references and
other agency functions
44. The general utility
services consist of locker facilities, business information, help in
transportation of goods, acting as a referee, issuing of letters sof credit,
acting as underwriters, issue of traveler cheques, issue of gift cheques and
dealing in merchant banking
45. The social
development functions consist of capital formation, inducement to innovations,
impact on the rate of interest, role on the development of rural sector
and helpful in pushing up the demand
46. The popular
services covered under e-banking are; automated teller machine, debit card,
credit card, smart card, EFT, cheque truncation payment, mobile banking,
internet banking and telephone banking
47. The services of
e-banking include bill payment service, funds transfer, credit card customers,
railway pass, investing through internet banking, recharging prepaid mobile
connections, shopping, RTGS funds transfer and online payment of taxes
48. The Narasimhan
committee report I pertains to 1991 consisting of reduction in SLR/CRR; phasing
out of directed credit program; interest rate determination; structured
reorganization of the banking sector, establishment of ARF tribunal, removal of
dual control and banking autonomy
49. The second
Narasimhan committee report pertains to the year, 1998 consisting of
strengthening of banks in India, narrow banking, Capital adequacy ratio, bank
ownership and review of banking laws
50. The cooperative
banking structure consists of five categories namely; primary agricultural
credit society; district central cooperative banks; state cooperative banks or
apex banks, Land Development Banks, SCARDB and Primary Urban Cooperative banks
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