UPDATED GK CAPSULE FOR SBI PO 2014
EXAM
This GK Capsule has been prepared by Career Power
Institute Delhi (Formerly Known as Bank Power).
This document consists of all important
news and events w hich can come in SBI PO Exam.
Current RBI
Policy & Reserve Rates:
|
Repo Rate
|
8% (Unchanged)
|
|
Reverse Repo
|
7% (Unchanged)
|
|
CRR
|
4% (Unchanged)
|
|
SLR
|
22.5% (Changed)
|
|
MSF
|
9% (Unchanged)
|
|
Bank Rate
|
9% (Unchanged)
|
Note: As on 3 June 2014, RBI (Reserve Bank of India) in its Second bimonthly monetary policy statement kept the key policy rate (repo) unchanged. SLR was cut by 50 basis point from 23% to 22.5%.
News
related to RBI:
1. RBI simplifies
KYC norms for opening bank account: Customers need to submit only one documentary
proof of address — either
current or permanent — while opening a bank account or while undergoing periodic updation, the
Reserve Bank of India. “In case the address mentioned as per ‘proof of address’
undergoes a change, fresh proof of address
may be submitted to the branch within six months,” the RBI said in a notification to
banks.
No proof is required to be submitted for such address
for correspondence/local address,” the RBI added. However, this address may be verified
by the bank through ‘positive confirmation’ such as acknowledgment of
receipt of letter, cheque books, ATM cards; telephonic conversation; and visits.
2.
Australia
and
New Zealand Banking
Group (ANZ) has received in‐principle approval from the Reserve Bank to
open two new branches.
The new branches will come up
Gurgaon, NCR,
and outer Bangalore.
3. RBI directive on foreign currency
accounts: The Reserve Bank of India has directed
banks to: convert credit balances in any inoperative foreign currency (FC) denominated deposit
into Indian rupee if
the
former remains not in use for three years
from the date of
maturity of deposit.
4. RBI eases gold import
norms; nod for select
trading houses to procure from abroad : Under this scheme,
an importer has to ensure that at least 20 per cent of every lot of imported gold is exclusively made available for export purpose.
5. RBI nod for bank loan tenure upto 10 years to boost export industry. In a major boost for the export
industry, the RBI has allowed banks to provide loans with tenures of up to
10
years.These loans will help exporters in ensuring
capital flows to fulfill long‐term
contracts. Existing norms allow banks to
give loans for up to one year
only.
6. The Reserve Bank of India on Wednesday said banks should
make all new ATMs installed from July 1, 2014 as “talking ATMs” with Braille keypads.
7. RBI, has decided that
Indian companies will not be permitted to raise External
Commercial Borrowings from
overseas branches
News Related to Banking
& Finance
1. National Bank for Agriculture and Rural Development (NABARD) has
reduced the interest
rate on its long‐term refinance facility
to banks by 20 basis
points to promote
investments in agriculture. The new rates will be 9.5 per cent (9.7 per cent earlier)
for 5 years and above and 9.7 per cent (9.9 per cent earlier) for 3‐5 years.
2. Exim Bank has extended USD 46 million line of credit to
Mauritius for
financing goods and defense
related vehicles purchases.
3. Bharatiya Mahila Bank (BMB) was included in the second
schedule of the Reserve Bank of India (RBI) Act, 1934. The
inclusion of the BMB in the second schedule was announced by RBI in a notification issued in Mumbai
on 21 May 2014.
Note: With the inclusion of BMB, total number
of scheduled commercial banks
in
India now stands at 90. As on 2 May 2014, there were 89 Scheduled commercial banks
in
India. ii. The inclusion of BMB in
the second schedule of the RBI Act,
193
means that now it will be eligible for
loans from RBI on bank rate and also acquired
membership of clearing houses.
4. World Bank has signed an agreement with the government to provide
a loan assistance of USD 1,006.20 million for Sarva Shiksha Abhiyan III, which is the largest ongoing "Education for All"
programme in the world.
5. India's economic
growth remained subdued at 4.7 per
cent in 2013‐14 and at
4.6 per cent in the fourth
quarter of the
financial
year, mainly due to a decline in manufacturing and mining output. According to official
data released by the Central
Statistics Office in New Delhi, the country's gross domestic
product in 2013‐14 was less than its advance estimate of 4.9 per cent.
6. FICCI and IDBI signed an
MoU for easy
access to organised
finance facility at competitive interest
rates for micro,
small and medium enterprise (MSME).
Important News (India &
World):
1. Lithuania to become 19th country to adopt Euro as currency from 1
January 2015. It
will become the 19th member
of the euro zone
out of 28 countries in the European Union,
and
the last of the Baltic states to join.
Note: Estonia was the first Baltic state to become a member of the eurozone in 2011, followed
by Latvia on 1 January
2014.
Lithuania Capital: Vilnius, President: Dalia Grybauskaitė, Prime Minister: Algirdas Butkevičius
2. Former India captain Sourav
Ganguly joined the Supreme Court‐appointed Mudgal committee, which is probing the IPL betting and spot‐fixing scandal,
as an expert on cricketing affairs.
3. Telangana
came into existence as the 29th state
of India and TRS
supremeo K Chandrasekhar Rao (KCR) was sworn in as its first Chief Minister. ESL
Narasimhan was sworn in as
the first Governor of
Telangana.
4. Madhya Pradesh
government has appointed actor Madhuri Dixit as the brand
ambassador for its
Mamta Abhiyaan (maternal and child health) campaign.
5. India is among the world's top five nations
in concentrated solar power
(CSP) technology capacity rankings topped by the
US, according to a new report.
Note: India is
placed fourth, ahead of China, in the rankings recently released in a report by the Renewable Energy Policy Network for the 21 Century (Ren21), an international multi‐policy stakeholder network that promotes rapid global
transition to renewable energy.
6. India became the
second largest exporter of textiles in the world. This was revealed by the
recent
data released by UN Comtrade
in Global Textiles as well as Apparel Exports.
7. India was elected for a second time to a UNESCO body, tasked with the safeguarding
of intangible cultural heritage.
India won the election by a resounding 135 votes against
a total of 142 votes cast by member states present
at the UNESCO headquarters in Paris.
Note: This is the second
time that India has been elected to the Intergovernmental
Committee for the Safeguarding of
the
Intangible Cultural Heritage, the earlier
term being from 2006‐2010
8. The government has proposed to
raise Foreign Direct
Investment (FDI) in defence sector to 100 per
cent. According to sources, the
Commerce and Industry
Ministry has circulated a Cabinet note for inter‐ministerial consulatation.
9. Pakistan has
said it would grant India
the status of Non‐Discriminatory
Market Access (NDMA) to facilitate enhanced bilateral trade.
10. For the third year in a row, Indira
Gandhi International Airport in
New Delhi has been adjudged
the second best airport in the
world for its service quality
11. Sachin Tendulkar to
be goodwill ambassador for national games. The 35 National
Games
to be held in seven cities in
the State early next year
will have cricket legend Sachin Tendulkar as its goodwill ambassador.
12. Prime Minister
Narendra Modi quit his Vadodara Lok
Sabha
seat, choosing to retain Varanasi in
Uttar Pradesh, where the BJP
recorded a landslide victory bagging 71 of
the 80
seats in the recent elections.
13. India has figured
among the top 10 markets
for the international business community, according
to Australia’s International
Business Survey.
Business Survey.
14. Malavath Poorna, a 13‐years and 11‐month old girl of Andhra
Pradesh became the youngest woman
to climb the Mount
Everest, the highest peak in the world.
Everest, the highest peak in the world.
15. Singapore became the top source of
FDI
into India replacing Mauritius: Department of Industrial Policy and
Promotion (DIPP)
16. China, Russia sign 30‐year
gas
deal
17. The Army has launched a coaching
programme for the students of Chenab Valley
belt in Jammu and Kashmir to help them crack the prestigious Indian Institute of Technology Joint Entrance Exam (IIT‐JEE).
18. Brazil honoured 100 years of Indian cinema by releasing two postage
stamps
19. Flipkart buys Myntra for $300 mn. Flipkart announced
that it has acquired Myntra, the country’s largest e‐commerce site for fashion and lifestyle products.
20. Two Indian firms won the Ashden award (the green energy award)
in 2014. Infosys received the International Ashden Award
for Sustainable Buildings. Another Indian firm Greenway Grameen won the Ashden Clean Energy for Women and Girls award.
for Sustainable Buildings. Another Indian firm Greenway Grameen won the Ashden Clean Energy for Women and Girls award.
21. Indian‐American student Akhil Rekulapelli won National Geographic Bee
Championship
22. The UN Security
Council has officially designated Boko Haram
as a terrorist group linked to al‐Qaeda and slapped sanctions on
the militant group that has carried out bombings and the recent abduction of over 200 school girls in Nigeria.
the militant group that has carried out bombings and the recent abduction of over 200 school girls in Nigeria.
23. Asia's biggest milk brand Amul announced
to set up a dairy
processing plant in Varanasi. The plant will initially process
five
lakh litres per day with
the capacity to double the
production.
Some Important
Economic Terms:
1.
Commercial Paper: Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. Corporate, primary dealers (PDs) and the All‐India Financial Institutions (FIs) are eligible to issue CP. Maturity period:
between a minimum of 7 days and a maximum of up to one year from the
date of issue. CP can be issued in denominations of Rs.5 lakh or multiples thereof. Only a scheduled bank can act as an IPA (Issuing and Paying Agent)
for issuance of CP.
2. Treasury Bills: Treasury bills (T‐bills) offer short‐term investment opportunities, generally up to one year. They are thus useful
in managing short‐term
liquidity. At present, the Government of India issues three types of treasury bills through auctions, namely, 91‐day, 182‐day and 364‐day.
There are no treasury bills issued by State Governments.
Treasury bills are available for a minimum amount of Rs.25,000 and in multiples
of Rs. 25,000. Treasury
bills are issued at a discount and are redeemed at par. Treasury bills are also issued under the Market Stabilization Scheme (MSS).
3. Certificates of Deposit (CD): Certificate of Deposit (CD) is a negotiable money market instrument and issued in dematerialised form or as a Usance
Promissory Note against funds deposited at a
bank or other eligible financial institution for a specified
time period.
Note: CDs can be issued by (i) scheduled commercial banks {excluding Regional Rural Banks and Local Area Banks};
and (ii) select All‐India Financial Institutions
(FIs) that have been
permitted by RBI
Minimum amount of a CD should
be Rs.1 lakh, and in multiples
of Rs. 1 lakh thereafter. The maturity period
of CDs issued by banks should not be less than 7 days and not more than one
year, from the
date of issue.
4. Fiscal Deficit: A deficit in the government budget of a country and represents the excess of expenditure over income.
So this is the amount of borrowed funds
require by the government to meet its expenditures completely.
5. Direct
Tax:
A direct tax is that which is paid directly by
someone to taxing authority. Income tax and
property tax
are an examples of
direct tax. They are not shifted to somebody else.
6.
Indirect Tax: This type of tax is not paid by someone to the authorities and it is actually passed on to the other in the
form
of increased cost. They are levied on goods and services produced or purchased. Excise Tax, Sales Tax, Vat, Entertainment tax are indirect
taxes.
7. NOSTRO Account: A Nostro
account is maintained by an Indian
Bank in the foreign countries.
8. VOSTRO Account: A Vostro account is maintained by a foreign bank in India with their corresponding bank.
9. SDR (Special
Drawing Rights):
SDR are new form of International reserve assets, created
by the International Monetary Fund in 1967. The value of SDR is based on the portfolio
of widely used countries and they are maintained
as accounting entries and not as hard currency or physical assets like Gold.
10. Cheque: Cheque is a negotiable (which can be transferred to
another person in exchange of money) instrument drawn
on a specified
banker ordering the banker to pay a certain sum of money to the drawer of cheque or another person. Cheque is always payable on demand.
Types of Cheque:
i. Ante
Dated Cheque:
A cheque bearing a
date prior to actual date of signing the cheque or opening
of an account is called an ante dated cheque which is valid and can be paid till
it become stale.
ii. Stale Cheque:
If the validity of the cheque has already expired it is called stale cheque which cannot be
paid. The normal maximum validity of cheque is 3 months earlier
it was 6 months.
iii. Post Dated
Cheque: The cheque which bears a date subsequent to the date on
which it is drawn. For ex. A cheque drawn on
10th January, 2013
bears the date of 12th January, 2013.
11. Crossing of Cheque: Crossings refers to drawing two parallel lines across the face of the cheque. A crossed cheque
cannot be paid in cash across
the counter, and is to be paid through a bank either
by transfer, collection or clearing. A general crossing means that cheque
can be paid through any bank and a special crossing
means where the name of the Bank is indicated on the cheque
can be paid only through the named bank.
Dishonour of Cheque:
Non – payment of cheque by the paying banker with a return memo giving reasons for the non – payment.
12. Demand Draft: Demand draft
is defined
as an order to pay money
drawn by one
office of a bank upon another office
of the same bank for a sum of
money payable to order on
demand. Cheque and Demand
draft both are used for transfer of money.
Difference b/w
Cheque & DD: A cheque can
be bounce but D.D cannot be bounce as
it is already paid.
13. Current account: Current account with a bank can
be opened generally for business purpose. There are no
restrictions on withdrawals in this
type of account. No interest is paid
in this type of account.
14. NEFT (National Electronic Fund Transfer): NEFT enables funds transfer from one bank to another but works a bit differently than RTGS. NEFT is slower than RTGS. The transfer is not direct and RBI acts as the
service provider to transfer the money
from one account to another. You can transfer any
amount through NEFT, even a rupee.
15. RTGS (Real time gross settlement ): RTGS system
is funds transfer systems where transfer
of money or securities
takes place
from one bank to another on a
"real time" and on "gross"
basis.
Settlement
in "real time" means
payment transaction is not
subjected
to any
waiting period. The transactions are
settled as soon as they are
processed. Minimum & Maximum Limit of RTGS: 2 lakh
and
no upper limit.
16. BOND: Publicly traded ling term debt
securities issued by corporations and governments,
whereby the issuer agrees
to pay a fixed amount of
interest
over a specified period of
time and to
repay
a fixed amount of principal
maturity.
17. Call Money: Call Money’ is the borrowing or lending of funds for 1day.
18. Notice Money: Money borrowed
or lend for period between 2 days
and 14 days it is known as ‘Notice Money’
19. Term Money: Term Money refers to borrowing/lending of funds for period exceeding 14 days
20. CRAR(Capital to Risk Weighted
Assets Ratio): Capital to risk weighted
assets ratio
is arrived at by dividing the
capital
of the bank with
aggregated
risk weighted assets for credit risk, market risk and
operational risk.
21. Non Performing Assets
(NPA): An asset, including
a leased asset, becomes non performing when
it
ceases to
generate income for
the bank.
22. INFLATION: inflation is a rise in the general level of prices of goods and services in an economy over a period
of time. When the general price level rises, each unit of currency buys fewer goods and services.
Consequently, inflation reflects a reduction in the purchasing power
per unit of money – a loss of real value in the medium of
exchange and unit
of
account
within the economy.
23. DEFLATION: deflation is a
decrease in the general price
level of goods and services. Deflation occurs when
the inflation rate falls below 0% (a negative inflation rate). This should
not be confused with disinflation, a slow‐
down in the inflation
rate (i.e., when
inflation declines
to lower levels).
24. REFLATION: When government wants to control the deflation condition, the suggests RBI to decrease the key rates. If deflation in not
controlled, govt. makes a fiscal policy. (taxes decreased, subsidy on loan
increased).
25. DISFLATION: When government wants to control the inflation condition, the suggests RBI to increase the key rates. If inflation in
not controlled, govt. makes a fiscal policy. (taxes increased, subsidy on loan decreased)
26. Doubtful Asset:
An asset would be
classified
as doubtful if it has
remained in the substandard category
for a
period
of 12 months.
27. CASA Deposit: Deposit in
bank in current and Savings account.
28. Liquid Assets: Liquid assets consists
of cash, balances with RBI, balances in current accounts with banks, money at
call and short notice, inter‐bank placements
due within 30 days and securities under “held for trading” and “available for sale” categories excluding securities that do not have ready market.
29. Import parity price (IPP): The
price that a purchaser pays
or can expect to pay for imported goods such as petrol,
diesel or cooking gas. “The import parity price (IPP)
is the price at the border of a good that is imported, which includes international transport costs
and tariffs. The IPP is used in International trade and is sometimes referred to as the
International Benchmark
Price.
30. Export parity price (IPP): The price that a producer gets or can expect
to get for its product
if exported, equal to
the Freight on Board price minus the costs of getting the product from the farm or factory to the border. The EPP applies only to the quantity
that is exported and not to the
quantity that is sold domestically
31. Participatory Notes or P‐notes: are derivative instruments, used by Foreign Institutional
Investors (FIIs) who are
NOT registered with SEBI. P‐Notes, mostly used by overseas HNIs (High Networth Individuals), hedge funds and other
foreign institutions, allow them to invest in Indian markets through registered Foreign Institutional Investors (FIIs),
while saving on time and costs associated with direct registrations.
32. Devaluation: means official lowering of the value of a country's currency within
a fixed exchange rate system, by
which the monetary authority formally sets a new fixed rate with respect to a foreign reference
currency.
33. Depreciation: is used to describe a decrease in a currency's value (relative to other major
currency benchmarks)
due to market forces, not
government or central bank policy actions.
New Appointment in India
1. Narendra Damodardass
Modi sworn in as
the 15th Prime Minister of the country.
The list of Cabinet Ministers includes:
2. Rajnath Singh: Home Minster
3. Sushma Swaraj: External Affairs & Overseas Indian
Affairs
4. Arun Jaitley: Finance Corporate
Affairs & Defence
5. M. Venkaiah
Naidu: Urban Development Housing
and
Urban Poverty Alleviation & Parliamentary
Affairs
6. Nitin Jairam Gadkari: Road Transport and Highways Shipping + Rural Development, Panchayati Raj & Drinking
Water and Sanitation
Note: Nitin Jairam Gadkari given additional charge of Rural Development, Panchayati Raj & Drinking
Water and Sanitation as
Gopinath Munde died in Road accident.
7. D.V. Sadananda Gowda: Railways
8. Uma Bharati: Water Resources,
River Development and Ganga Rejuvenation
9. Dr. Najma A. Heptulla: Minority Affairs
10. Ramvilas Paswan: Consumer Affairs,
Food and Public
Distribution
11. Kalraj Mishra: Micro, Small and Medium Enterprises
12. Maneka Gandhi: Women and Child Development
13. Ananthkumar: Chemicals
and Fertilizers
14. Ravi Shankar Prasad: Communications
and Information Technology & Law and Justice
15. Ashok Gajapathi
Raju: Civil Aviation
16. Anant Geete: Heavy Industries
and Public Enterprises
17. Harsimrat Kaur Badal: Food Processing Industries
18. Narendra Singh Tomar: Mines &
Steel Labour and Employment
19. Jual Oram: Tribal Affairs
20. Radha Mohan Singh: Agriculture
21. Thaawar Chand Gehlot: Social Justice
and Empowerment
22. Smriti Zubin Irani: Human
Resource Development
23. Dr. Harsh Vardhan: Health and Family Welfare
24. Sumitra Mahajan: new Lok Sabha
Speaker
25. Chandrababu Naidu sworn‐in as First Chief Minister of
Andhra Pradesh.
26. K Chandrasekhar Rao (KCR)
was sworn in as
its first Chief Minister of Telangana
27. Finance Minister Arun Jaitley
has been appointed on the Board of Governors of Philippines‐based Asian Development Bank (ADB).
28. Mallikarjun Kharge elected
leader of Congress
in Lok Sabha.
29. Nripendra
Mishra
appointed Principal
Secretary to PM
30. Mukul Rohatgi
appointed 14th New Attorney‐General of India. He replace G.E. Vahanvati
31. Ajit Kumar Doval
appointed as new National Security
Advisor
32. Kamal
Nath appointed pro‐tem Speaker
of 16 Lok Sabha
33. Rajiv Mathur takes
over as New CIC (Chief Information Commissioner).
He succeeds Sushma Singh,
34. Anandiben Patel: new CM of Gujarat
35. Naveen Patnaik sworn in
as Odisha chief minister
36. Pawan Chamling
sworn Sikkim
CM for record 5th time
37. Jitan Ram Manjhi: new Bihar CM
38. T R Zeliang appointed new CM of Nagaland. He succeed Neiphiu Rio
39. R K Malhotra, Director (R&D) at Indian Oil Corp (IOC), has been given additional
charge as Chairman
40. N
K Verma is new ONGC
Videsh MD
41. Nabam Tuki sworn‐in as CM of Arunachal
Pradesh for second term.
New Appointment in World
1. Prince Zeid al Hussein
(Jordan’s ambassador) nominated as U.N. High Commissioner for Human Rights
2. Bashar al‐Assad elected Syrian President
third time
3. Dalia Grybauskaite: Presidential election of Lithuania
4. Peter Mutharika is new Malawi
presidential
5. Abdel Fattah Al
Sissi elected as Egypt's new
President
6. Jacob Zuma sworn in as South Africa's President for second term
7.
Petro Poroshenko:
New
President of Ukraine
8. Hiroshi Naka appointed as Vice President and Auditor
General of World Bank.
9. Kathleen Stephens Named Interim US Ambassador to India.
SUMMIT
1.
40th G‐7 summit 2014 held at Brussels.
Note: It was the first time that the EU hosted
a G7 summit. The summit is jointly represented by the European
Council President Herman van Rompuy and
the European Commission President.
Note: Originally, a G8 summit was
scheduled to take place in Sochi
(Russia) in early June 2014 under a Russian
presidency. Due to the Russian Federation's violation of Ukraine's sovereignty and territorial integrity, the G7 leaders decided to meet in Brussels on
4‐5 June
2014
in the G7 format instead
Awards &
Honours
1. Vishwanath Tripathi, eminent Hindi
writer on 29 May 2014 was awarded with the
prestigious Vyas Samman for the year
2013.
2. Irish author Eimear McBride
won the 2014 Bailey's Women's Prize for Fiction for her first novel A Girl is a Half‐Formed Thing.
3. Project Mobile Seva under
DeitY won the 2014
United Nations Public
Service Award
Note: The project
Mobile Seva
under Department of Electronics
and Information Technology
(DeitY) won second rank in
the
2014 United Nations Public Service Award. Department of Electronics and Information Technology comes under Ministry of
Information and Technology.
Information and Technology.
LEADER”S VISITED
INIDIA
1. Chinese Foreign Minister Wang Yi visited
India on 7th June
2. Oman Foreign Minister Yousuf bin Alawi bin Abdullah visited India on 3rd June.
OBITUARY
1. Gopinath Munde: Rural Development Minister passes away
2. Ideologist and
Sanskrit Scholar Sukumari Bhattacharji died
3. Father of Malaysian Hockey Sultan Azlan Shah
passes away
4. Veteran CPI(M) leader
R.Umanath passed away
5. Madhav Mantri,
a cricketing doyen, passes away
6. Veteran Congress leader and former minister
Sitaram Prasad passed away
7. N Srinivasan, the
veteran nuclear scientist died
8. Sir Jack Brabham,
three‐time F‐1 champion passes away
|
|
Sports News
Tennis:
French Open 2014:
Men’s
Title: Rafael Nadal clinches record ninth French Open title. He defeated Novak Djokovic in the final.
Note:
Rafal Nadal now won 14 Grand
Slam singles titles till now.
|
Women’s Title:
Maria Sharapova defeat
|
Simona Halep
|
Italian Tennis Open 2014:
Women's Title: Serena Williams defeated Sara
Errani.
2. Japan defeated Malaysia to lift maiden
Thomas Cup Badminton
trophy 2014.
3. Japan beat Australia in Women's Asian Cup Football final.
4. Indian batting
star Virat Kohli has been rated second behind British Formula One racer Lewis Hamilton in the list of
most marketable athletes by the UK magazine,
'SportsPro'.
5. Snooker Champion Chitra nominated for Arjuna Awards
2014
6. Madhya Pradesh
Hockey Academy (MPHA) defeated Jharkhand 5‐2 to win the fourth
Hockey India Sub‐Junior Girls
National
Championship (Division A) in Pune
7. Mercedes driver Nico Rosberg of Germany won Monaco
Grand Prix of Formula One
8. Hashim Amla appointed as new test
captain of South African cricket team.
9. Ab de Villiers named South
African Cricketer of the Year
10.Triple jumper Arpinder
Singh breaks national
record, qualifies for Glasgow Commonwealth Games
11.Daniel
Ricciardo won
the Canadian Grand Prix 2014.
IMPORTANT DATES
& DAYS OF: JAN ‐ JULY
ABBREVIATION IN
NEWS
1. DICGC :
Deposit
insurance and credit guarantee corporation.
2. OLTAS
: On‐line Tax Accounting System is
used for Direct Taxes
3. TIN:
Tax
Information Network
4. IMPS:
Interbank Mobile Payment Service
5. BSBDA
‐ Basic
Savings Bank Deposit
Account
6. FCNR(B)
‐ Foreign Currency Non‐Resident Bank
7. TARC ‐
Tax
Administration Reform Commission
8. ITEs:
Intra‐Group Transactions and Exposures
9. LCR: Liquidity Coverage Ratio
10. NSFR: Net Stable
Funding Ratio
11. REER: Real Effective Exchange Rate
12. LRMT:
Liquidity risk monitoring tools
13. CBS:
Core Banking Solution
14. DEAF:
Depositor Education and Awareness
Fund
15. CRAR: Capital to Risk‐weighted
Assets Ratio
16. External Commercial
Borrowings (ECB)
17. SWIFT: Society for
Worldwide Interbank Financial
Telecommunication
18. FSLRC:
Financial Sector Legislative Reforms Commission
19. MIBOR:
Mumbai Inter‐Bank
Offer Rate
20. LIBOR: London Inter‐Bank Offer Rate
21. LAF –
Liquidity Adjustment Facility
22. GIRO
‐ Government
Internal Revenue Order
23. EEFC
‐ Exchange
Earner's Foreign Currency
24. FRBMA: Fiscal Responsibility and Budget Management Act
25. ALM‐
Asset Liability Management
26. AMFI‐
Association of Mutual Fund in India.
27. TIEA
– Tax
Information exchange Agreement
28. CAR
– Cash Adequacy Ratio
29. CCEA
– Cabinet
Committee on Economic Affairs
30. CECA
‐ Comprehensive
Economic Cooperation Agreement
31. CEPA
– Comprehensive Economic Partnership
Agreement
32. DTAA
– Double Taxation Avoidance Agreement
33. ECBs
‐ External
Commercial Borrowings
34. EEFC
‐ Exchange
Earner's Foreign Currency
35. EFSF
– European Financial Stability
Facility
36. FEMA‐ Foreign
Exchange Management
Act
37. FII
– Foreign Institutional
Investor.
38. FINO‐ Financial
Inclusion Network Operation
39. FIPB
– Foreign Investment Promotion
board
40. FSLRC – Financial
Sector Legislative Reforms
Commission
41. FTA‐
Free trade agreement
42. GAAR
‐ General
anti avoidance
rule
43. GSLV
‐ Geo‐Synchronous Launch Vehicle
44. MSF‐Marginal Standing
Facility
45. NBFC‐Non Banking
Finance Companies
46. NCTC ‐
National Counter‐Terrorism
Centre
47. NEFT ‐
National Electronic
Funds Transfer
48. NSG – Nuclear Suppliers Group
49. PPP – Public
Private Partnership &
Purchasing Power parity
50. PSLV –
Polar Satellite Launch vehicle
51. RTGS
‐ Real
Time Gross Settlement
52. SLR‐Statutory
Liquidity Ratio
53. TAPI
‐ Turkmenistan‐Afghanistan‐Pakistan‐India.
54. QFI
‐Qualified Foreign Investors
55. VVPAT ‐'Voter
Verifiable Paper Audit Trail'
56. Tax Information Exchange A