Friday, 24 June 2016

Important Points For SBI PO/Clerk Exam 2016

Dear mm expert readers. In this article Important Points For SBI PO/SBI Clerk Exam 2016 for your review as latest and updated events (Current Affairs) and some basic GK facts for this exam. We hope all of you must be prepared by now for the most awaiting "Quiz" based on Banking Awareness and Static Gk for Bank exams.

We are posting these notes just before one day from the examination! These notes that will help you test your level for the mains exam and prepare your strategy accordingly.

Important Points For SBI PO/Clerk Exam 2016

1. First bank established in India: Bank of Hindustan in 1770

2. Chairman & Managing Director of SBI : Arundhati Bhattacharya 

3. First India bank started solely with Indian capital investment is PNB (Punjab National Bank)

4. Founder of Punjab National Bank is Lala Lajpat Rai

5. Reserve Bank of India RBI) was established in 1935 and Nationalized in 1949.

6. First governor of RBI: Mr.Osborne Smith

7. First Indian Governor of RBI: Mr. C D Deshmukh

8. First bank to introduce savings account in India: Presidency Bank in 1833

9. First bank to introduce cheque system in India: Bengal Bank in 1833

10. First bank to introduce internet banking: ICICI bank

11. First bank to introduce mutual fund: State Bank of India

12. First bank to introduce credit card in India: Central Bank of India

13. Open market operations are carried out by – RBI

14. Capital market regulator is – SEBI

15. Largest Commercial bank in India – State Bank of India

16. The International Bank for Reconstruction and Development (IBRD) is known as – World Bank

17. India’s First Financial Archive has been set up at – Kolkata

18. CRR, SLR, Repo Rate, Reverse Repo rate are decide by Reserve Bank of India (RBI)

19. Savings banks interest rates, fixed deposit interest rates, Loan Rates etc. are decided by individual banks

20. The bank which has launched Mobile Bank Accounts in association with Vodafone’s m –paisa – HDFC Bank

21. Largest Public sector bank in India – SBI

22. Largest Private sector bank in India – ICICI Bank

23. Largest Foreign bank in India – Standard Chartered Bank

24. First Indian bank to open branch outside India i.e. London in 1946: Bank of India

25. First RRB named Prathama Grameen Bank was started by: Syndicate Bank

26. First Bank to introduce ATM in India: HSBC in1987, Mumbai

27. Bank of Baroda has the maximum number of overseas branches

28. FDI limit for new banks – 49%

29. FDI limit for private banks: 74%

30. Bank of India is the first Indian Bank to open overseas branch. It established a branch in London in 1946.

31. ICICI Bank was the first Bank to provide Mobile ATM.

32. State Bank of India (SBI) has the total number of maximum branches and holds 2nd position in the world.

33. India's first "talking" Automated Teller Machine ATM) launched by Union Bank of India UBI) for visually impaired was launched in Ahmedabad Gujarat).

Must read : Important Banking Abbreviations for Bank Examinations

Important Points on Reserve Bank of India [RBI]

  • RBI generally reviews the monetary policy every three months on a quarterly basis.

  • The rate at which Reserve Bank of India lends short term money to the banks is called as repo rate.

  • The Reserve Bank of India was nationalized on 1.1.1949.

  • RBI functions are governed by RBI act 1934.

  • RBI is not expected to perform the function of accepting deposits from the general public.

  • RBI has its headquarters at Mumbai.

  • Prime lending rate is not decided by RBI.

  • Prime lending rate is decided by the individual banks .

Current policy and Reserve Rate:

  • Repo Rate : 6.50%

  • Reverse Repo Rate: 6.00%

  • MSF(Marginal Standing Facility): 7.00%

  • Bank Rate: 7.00%

  • CRR(Case Reserve Ratio: 4.00%

  • SLR (Statutory Liquidity Ratio): 21.25%

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