Banking and Financial Awareness Material Free Download – IBPS/SBI/RRB Clerk PO Exams

Banking and Financial awareness material download for IBPS/SBI/RRB Clerk PO: The competition examinations have a paper for Financial Awareness or Banking Awareness. Moreove, candidates appearing in banking interviews and internal promotion exams always look for some easy to understand study material.Candidates who are going to give their common written examination conducted by IBPS and SBI examinations should possess good banking and financial awareness. Lots of applicants have no idea about the banking as everyone can do with computer knowledge, reasoning and arithmetic. hence to make your toughest part very easy we tried to provide the best material hence you are recommended to check financial awareness material free download. You are recommended to follow the daily updates of IBPS/SBI/RRB Clerk PO banking and financial awareness and current affairs provided in ours site for your better score in general awareness section. All the Best

Banking and financial awareness material free download – IBPS/SBI/RRB Clerk PO

Some Financial Institutions  

Securities Exchange Board of India (SEBI): 

It is regulatory authority of stock exchanges and protects investors from Fraudulent dealings. It was established in April 1988 and awarded statutory status by Act of parliament in 1992.

Chairman: UK Sinha

Head quarters : Mumbai

Insurance Regulatory & Development Authority (IRDA) :

It is apex body formed under Sec.4 of IRDA Act 1999 to  protect the interests of the policyholders to regulate promote and ensure orderly growth of the insurance industry in India

Financial Stability & Development Council : 

This is the apex financial regulator of our country. Headed by Finance Minister, it coordinates and regulates to four financial regulators of the country i.e. RBI,SEBI,IRDA and PFRDA to ensure that all of them operate and function in harmony to promote the growth and stability of Indian Economy.

Indian Banks Association (IBA) : 

It is the official association of all the banks operating in India. It acts as a bridge between banks on one hand and government and staff unions on the other. Presetly Mr. K.R. Kamath, CMD of Punjab National Bank is Chairman of IBA.

Non Banking Financial Company (NBFC): 

These are companies which have functions similar to banking like accepting deposits and making loans. However they do not have license for banking, although they are regulated by RBI.

Deposit Insurance & Credit Guarantee Corp.(DI&CGC) :

It is a wholly owned subsidiary of RBI which provides an insurance cover of Rs.1lakh per depositor per bank in case of bank failure.It also provides guarantee of repayment amount in default of small loans given by banks.

Export Credit Guarantee Corporation of India (ECGC): 

 ECGC is a Govt. body which provides export credit insurance facilities to exporters and banks in India. It encourages Indian exporters by giving them credit insurance covers.

Banking Codes and Standards Board of India:

It is a industry watch dog set up by RBI to monitor and assess the compliance with codes and minimum standards of service to individual customers, as prescribed by the RBI.

Credit Information Report: 

A Credit Information Report is a factual record of a borrower’s credit payment history compiled from information received from different credit grantors. Its purpose is to help credit grantors make informed lending decisions-quickly and objectively.

Credit Rating:

Credit Rating is an assessment of the probability of default on payment of interest and principal on a debt instrument. In simple words, it ranks the company or country’s ability to meet their debt obligations.

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