- 1 IBPS PO Mains Notes
- 1.1 Download IBPS PO Mains for Quantitative Aptitude:
- 1.2 Download IBPS PO Mains for Reasoning:
- 1.3 Syllogism Problems Tricks & Techniques
- 1.4 Download IBPS PO Mains Material for Banking Awareness
- 1.5 Bank Rate
- 1.6 Repo rate
- 1.7 MSF(Marginal Standing Facility Rate)
- 1.8 BRIEF HISTORY OF BANKING SECTOR IN INDIA
- 1.9 IBPS PO Mains Notes for Current Affairs
IBPS PO Mains Material
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IBPS PO Mains Notes
Below we have enclosed the complete details regarding IBPS PO Mains Exam. IBPS PO Mains Material will be very helpful to the candidates who are preparing for the mains exam. IBPS PO Mains Material pdf for General Awareness, Banking Awareness, English, Reasoning, Aptitude are enclosed below.
The Mains Exam consists of 5 sections which are spread over
- Quantitative aptitude (50 marks)
- Reasoning (50 marks)
- English language (40 marks)
- General awareness (40 marks)
- Computer awareness (20 marks)
Download IBPS PO Mains for Quantitative Aptitude:
Download IBPS PO Mains for Reasoning:
Direction Sense Test:
Syllogism Problems Tricks & Techniques
Download IBPS PO Mains Material for Banking Awareness
Different Rates Related to Banking(repo rate,reverse repo,bank rate,MSF,SLR and CRR)
In simple words Bank rate is the rate at which central bank(RBI) lends money tocommercial banks for meeting shortfall for a long period without selling or buying any security.
Rate at which central bank(RBI) lends money to commercial bank for short term liquidity needs.This involves bank selling securities to RBI to borrow the money with an agreement to repurchase (repurchase agreement) them at a later date and at a predetermined price.
MSF(Marginal Standing Facility Rate)
Marginal Standing Facility (MSF) rate refers to the rate at which the scheduled banks can borrow funds overnight from RBI against government securities. MSF is a very short term borrowing scheme for scheduled commercial banks.This measure has been introduced by RBI in the year 2011-2012 to regulate short-term asset liability mismatches more effectively.MSF generally kept at 1% more than the Repo Rate by the RBI(India).
Are you confused with Bank rate, repo rate and MSF. Lets take a look at the difference between Bank rate, Repo rate and MSF
|Rate||Duration||Using a Collateral (securities)|
|Bank Rate||Long term||No|
BRIEF HISTORY OF BANKING SECTOR IN INDIA
THE EARLY PHASE OF BANKING HISTORY IN INDIA (pre-independence)
- The pre-independence period was largely characterised by the existence of private banks organised as joint stock companies. Most banks were small and had private shareholding of the closely held variety.
- Joint stock banking was brought to India by the English Agency houses of Calcutta and Bombay . The first bank of a joint stock variety was Bank of Bombay, established in 1720 in Bombay . This was followed by Bank of Hindustan in Calcutta, which was established in 1770 by an agency house. This bank was closed down in 1832.
- The General Bank of Bengal and Bihar came into existence in 1773.This one also failed.
- The first ‘Presidency bank’ was the Bank of Bengal established in Calcutta on June 2, 1806 with a capital of Rs.50 lakh.The bank was given powers to issue notes in 1823.The Bank of Bombay was the second Presidency bank set up in 1840 and followed by Bank of Madras in 1843. The Presidency banks issued currency notes until the enactment of the Paper Currency Act, 1861.
- The first Indian owned bank was the Allahabad Bank set up in Allahabad in 1865, the second, Punjab National Bank was set up in 1895 in Lahore, and the third, Bank of India was set up in 1906 in Mumbai.All these banks were founded under private ownership.
- Indian commercial banks such as Central Bank of India, Bank of Baroda, Canara Bank, Indian Bank, and Bank of Mysore were established between 1906 and 1913.
- The first registered urban co-operative credit society was the Conjeevaram Urban Co-operative Bank, organised in Conjeevaram, in the then Madras Presidency
- The presidency banks were amalgamated into a single bank, the Imperial Bank of India, in 1921. The Imperial Bank of India was further reconstituted with the merger of a number of banks belonging to old princely states such as Jaipur, Mysore, Patiala and Jodhpur. The Imperial Bank of India also functioned as a central bank prior to the establishment of the Reserve Bank in 1935. Thus, during this phase, the Imperial Bank of India performed three set of functions, viz., commercial banking, central banking and the banker to the government.
SETTING UP OF RBI
- The Reserve Bank of India Act 1934 was enacted paving the way for the setting up of the Reserve Bank of India.
- The Reserve Bank of India, India’s central banking authority, was established inApril 1935, but was nationalised on 1 January 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948 (RBI, 2005b)
- First governer of RBI-Mrs.Osborne Smith
- First Indian governer of RBI-C.D Deshmukh
IBPS PO Mains Notes for Current Affairs
Below we are providing the Current Affairs for IBPS PO Mains Exam. Prepare well August, September, October to get better score in Exam.
Download IBPS PO Mains Material for English