Banking Awareness PYQs

• Bank of India reported a net profit of ₹252 crore for the quarter ended March 31, compared with a loss of ₹3,969 crore in 2018.
• The Gross NPA ratio improved from 16.58% in March 2018 to 15.84% in March 2019.
• Net NPA ratio declined from 8.26% to 5.61%.
• Provision coverage ratio improved from 65.85% in March 2018 to 76.95% in March 2019.

• The RBI has set up a working group to review the regulatory and supervisory framework for core investment companies (CICs).
• The six-member working group, which will be headed by Tapan Ray, Non-Executive Chairman, Central Bank of India.
• The working group has also been tasked with recommending appropriate measures to enhance RBI’s off-sight surveillance and on-site supervision over CICs.

• The Kaziranga National Park is located across the Gologhat and Nagaon districts of Assam.

• It is famous for having the largest population of Indian One Horned Rhinos.

• The total deposits in bank accounts opened under the Jan Dhan scheme crossed Rs 1 lakh crore
• The cumulative balance in 35.29 crore accounts under the flagship programme of the Modi government reached Rs 97,665.66 crore as on April 3, 2019.
• The Modi government launched the Pradhan Mantri Jan Dhan Yojana (PMJDY) on August 28, 2014.

• India has signed a deal to acquire 'Strum Ataka' anti-tank missile from Russia for its fleet of Mi-35 attack choppers.
• The deal for the missiles is worth around ₹200 crore and would give an added capability to the Mi-35 attack choppers to take out enemy tanks and other armoured elements.
• Recently, the IAF has acquired the Spice-2000 stand-off weapon system.

The correct answer is 10 crores.

Key Points

The Minimum Net Owned Fund for a Non-Banking Financial Company (NBFC) as mandated by the Reserve Bank of India (RBI) is 10 crores (INR).

• NBFC Regulations:
• The RBI mandates a minimum Net Owned Fund (NOF) of INR 10 crores for NBFCs to ensure their financial stability and mitigate risks.
• This requirement ensures that NBFCs have adequate capital to meet their obligations and support their operations.
• Maintaining this minimum NOF is critical for NBFCs to gain and sustain trust in financial markets.
• Financial Safety:
• The minimum NOF requirement helps protect depositors and maintain the integrity of the financial system.
• It ensures that NBFCs have a sufficient capital buffer to absorb potential losses.
• Market Confidence:
• This regulation fosters confidence among investors and stakeholders in the financial soundness of NBFCs.
• Adherence to this requirement can enhance the credibility and reputation of an NBFC in the financial industry.

• Foreign Minister of United Arab Emirates Sheikh Abdullah bin Zayed Al Nahyan held bilateral talks with External Affairs Minister S Jaishankar in New Delhi.
• The UAE Foreign Minister was on a three-day visit to India.
• The UAE is India’s third-largest trade partner and its fourth-largest energy supplier.

• The National Museum of Indian Cinema launched a fortnightly bulletin named “NMIC Bulletin“.
• It is located in Mumbai, Maharashtra.
• It was brought out by the Films Division with veteran filmmaker Jahnu Barua.
• The Museum was inaugurated by Hon’ble Prime Minister of India on 19^th January 2019.

• Operational Risks arise due to the failure of the core banking solution or any other operational failure of the bank.
• Market risk is mainly associated with the equity market.
• Credit risk is defined as the kind of risk that arises out of default by borrowers.
• Reputation Risk is known as any loss due to the reputation of the bank because of credit risk and business risk.

• The Indian Air Force (IAF) contingent took part in Garuda 2019, a bilateral Indo-French exercise hosted by the French Air Force (FAF) from July 1 to 12 at Mont-de-Marsan.
• Garuda VI was the largest international air training exercise of 2019 and the IAF contingent consisted of 134 air-warriors.
• IAF Chief-Air Chief Marshal Birender Singh Dhanoa

• The National Annual Rural Sanitation Survey (NARSS) 2018-19, found that 96.5% of the households in rural India who have access to a toilet use it.
• The survey also re-confirmed the Open Defecation Free (ODF) status of 90.7% of villages.
• The survey was conducted between November 2018 and February 2019, covering 92040 households in 6136 villages across the country.

Institute for Development and Research in Banking Technology (IDRBT), an arm of RBI, is set to test blockchain technology to support framework for digital transactions. The arm will soon roll-out pilots to develop applications for banks to adopt blockchain. The institute also plans to build a small digital currency model using blockchain. Blockchain promises tamper-proof ledger building.

• The Reserve Bank of India (RBI) may set-up an ombudsman for digital payments by March 2019 to reduce the burden on banking ombudsman.
• The number of complaints related to digital transactions has increased.
• These complaints are being handled by banking ombudsman.
• At present, RBI is in the process of creating a scheme for establishing offices for the digital payments ombudsman.

• The National Institute of Rural Development and Panchayati Raj (NIRDPR) launched a training programme.
• It is of Sustainable Livelihoods and Adaptation to Climate Change (SLACC) to help Rural Poor Farm Holds adapt to Climate Change and sustain their livelihoods.
• The first batch of Community Resource Persons and National Resource Persons from Madhya Pradesh and Bihar states have begun receiving training classes in Hyderabad.
• Total 638 drought and flood-prone villages of MP and Bihar are being covered on pilot basis under this first of its kind initiative.

• NASA's 'Polarimeter to Unify the Corona and Heliosphere' (PUNCH) mission is focused on understanding the transition of particles from outer corona of the sun to the solar wind that fills the interplanetary space.
• The mission will image regions beyond the outer corona of the sun.
• It will be launched in the year 2022.

• The fixed income with no maturity period called perpetual bond.
• Convertible bond is that which lets exchange a bond to a number of shares of the common stock of the issuer.
• Exchangeable bond is a hybrid security consisting of an embedded option to exchange the bond and a straight bond.
• Covered bond is a debt security issued by a mortgage institution or a bank.

• The type of account in which the broker lends cash to an investor for purchasing stocks or other financial products is known as margin account.
• A merchant account allows businesses to accept payments by credit or debit cards.
• A 'settlement account' is used in balance of payments accounting to keep track of reserve asset transactions of central banks with one other.
• A savings account allows you to deposit money, withdraw funds and keep it safe.

• IDRBT- Institute for Development and Research in Banking Technology is developing a model blockchain platform in India.
• The work is being done under the Reserve Bank of India.
• It will be developed and documented in 2020.
• India has around 100 active blockchain startups currently.

• The headquarters of National Institute of Agricultural Economics and Policy Research are in New Delhi.
• It was established in March 1991 by the Indian Council of Agricultural Research.
• It focuses on areas including capacity building, agricultural growth and development, sustainable agriculture, etc.

• The correct answer is option 1.
• PCR stands for Provision Coverage Ratio.
• It gives an indication of the provision made against bad loans from the profit generated.
• Higher the PCR, lower is the unexposed part of the bad debts.