Hi... Any suggestion for online coaching for phase 2 . Anyone plz share experience who have reached phase 3.. Anujjindal is better or susheel ragade... I have seen some posts that online coaching is waste of money have to prepare on self.. Is it true? Plz someone suggest am not able to prepare notes on my own as I have a small child..
Result date for RBI Grade B 2017 Final Results- 27th or 30th October 2017 (Source:RBISB)
Latest article by Ex- RBI manager Susheel Ragade on Grade B exam.
https://www.pagalguy.com/news/rbi-grade-b-2018-job-profilenature-of-workpromotions-5989536157401088
I am preparing for RBI Grade B in Jaipur. Anyone preparing for the same and staying in Jaipur? Whatsapp me @7368806162
Want 3 very serious aspirants to share rbi grade b course material with so that the overall cost won't become a burden. If u r preparing for rbi this year and u r serious, pls do reply asap. Thank u.
Role of Technology in Driving Financial Inclusion
The banking sector has made rapid strides largely because of the swift advancement in technology. Automated teller machines, internet and mobile banking, payment wallets, and other advancements have brought in significant improvements in consumer experience and have also helped banks widen their reach.
RBI has been actively involved in harnessing technology for the development of the Indian banking sector over the years. The apex bank took upon the task of promoting computerisation in banking to improve customer services, book keeping and management information system (MIS) to enhance productivity. RBI has played a pivotal role in achieving various objectives such as implementation of the electronic payment system such as RTGS (Real Time Gross Settlement), electronic funds transfer (NEFT), mobile banking system etc.
Adoption of the Core Banking Solutions (CBS): CBS is networking of branches, which enables customers to operate their accounts and avail of banking services from any branch of the bank on CBS network, regardless of where the customer maintains his/her account.
Mobile Phone Penetration
Leveraging mobile phone penetration and mobile phone service, providers are introducing innovative methods of bringing the unbanked populations into the formal economy using mobile phones.
India has witnessed rapid growth in mobile adoption and today more than 70 per cent of the population owns a mobile phone.
The extensive reach of mobile phones offers an innovative low-cost channel to expand the reach of banking and payment services especially to the large section of rural mobile subscribers.
It has advantages over traditional banking methods because it breaks down geographical constraints.
Other advantages include immediacy, security and efficiency.
Mobile banking also reduces the cost of financial transactions as it involves little or no infrastructure cost to the bank and no additional investment from the customers.
Government Initiative for Inclusive Growth
Financial inclusion is likely to remain high on the government’s agenda over the next decade. Over the last several years, many initiatives have been progressively launched.
Digital India
The Digital India initiative, coupled with a payment infrastructure, is laying the cornerstone for a digital economy, keeping in mind the increasing willingness of people to use the internet and the rising data traffic in the country.
The impact of Digital India by 2019:
An investment of $18.4 billion to provide last mile internet connectivity, better access to government services, and development of IT skills
Provision of Wi-Fi services in cities with a population of more than one million, as well as major tourist centres
Provision of broadband internet access to 250,000 village clusters by 2019 at a cost of about $5.9 billion
Availability of digital lockers to each citizen, allowing them to store all their original identification documents and records
Development of 100 smart cities in India
Focus on moving towards automation in delivery of government services
Achievement of a leadership position in IT towards betterment of health, education and banking services
Widened internet access and an enabled use of shareable private space on a public cloud model in order to empower citizens digitally
Aadhaar Card
The technology-levered Aadhaar programme is likely to be the biggest disruptor in financial inclusion delivery, as innovations leveraging the Aadhaar card are expected to assist in broad-basing the access and acceptance by financially excluded segments.
Direct Benefits Transfer
The scheme was initiated to facilitate disbursements of government entitlements such as those under the social security pension scheme, handicapped old age pension scheme, etc., of any central or state government bodies, using Aadhaar and authentication thereof, as supported by UIDAI.
As the market has been exposed to innovative digital-based services that have been disruptive in nature, it is now betting on changing client preferences to move from pricing (discounts)...
Retail Banking
The provision of these services is expected to encourage electronic retail payments and facilitate inter-operability across banks in a safe and secured manner.
Payment Banks
Payments banks are a new model of banks conceptualised by the Reserve Bank of India (RBI).The main objective of payments bank is to widen the spread of payment and financial services to small business, low-income households, migrant labour workforce in secured technology-driven environment in remote areas of country.
They can raise deposits of up to Rs 1 lakh, and pay interest on these balances just like a savings bank account does
They can enable transfers and remittances through a mobile phone at low cost
They can offer services such as automatic payments of bills, and purchases in cashless, cheque less transactions through a phone
They can issue debit cards and ATM cards usable on ATM networks of all banks
They cannot lend money and issue credit cards
Digitisation Trends and Opportunities
Consumer behaviour is changing towards rapid adoption of digitisation
As the market has been exposed to innovative digital-based services that have been disruptive in nature (e-commerce players and e-governance services), it is now betting on changing client preferences to move from pricing (discounts) to convenience and service.
Demographic dividend is likely to create a large digital-savvy customer segment
India’s demographic dividend is well suited to switch to digital behaviour, considering that the median age of an Indian is expected to be 29 years by 2020, with 900 million of the population falling in the age group of 15–60 years by 2025.
The banking sector has made rapid strides largely because of the swift advancement in technology...(that) have made significant improvements in consumer experience and have also helped banks widen their reach.
As the market has been exposed to innovative digital-based services that have been disruptive in nature, it is now betting on changing client preferences to move from pricing (discounts)...
WHAT SHOULD BE READ FROM THE ECONOMIC SURVEY?
The answer is really simple. Go through your ESI and FM syllabus and identify the topics which have a current/factual/data orientation and date pertaining to which can be found in the Survey.
The list of such topics is as follows:
Measurement of growth: National Income and per capita income
Poverty Alleviation and Employment Generation in India
Sustainable Development and Environmental issues
Industrial and Labour Policy
Monetary and Fiscal Policy
Balance of Payments
Export-Import Policy
WTO
Demographic Trends
Urbanization and Migration
Gender Issues
Social Justice : Positive Discrimination in favor of the under privileged
Human Development
Social Sectors in India
Health and Education
The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue
GST
Thirteenth Finance Commission and GST,
Finance Commission
Fiscal Policy
Fiscal Responsibility and Budget Management Act (FRBM),
Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends.
Latest trends, latest data, latest committees, latest terms and phrases, etc related to all the above topics can be found in the Survey.
More Resources at -- https://www.facebook.com/rbigradebcoachingbydassir
Key Announcements Of Union Budget 2019-20:
- PAN and Aadhaar will become interchangeable. One can use your Aadhaar number to file I-T Returns soon
- Rs 5 lakh minimum limit announced for taxpayers.
- 3% surcharge hike on an income of Rs 2 crore and 7% on Rs 5 crore and above
- Corporate tax with turnover of up to Rs 400 crore slashed to 25 per cent from a current rate of 30 per cent
- MDR charges waived on cashless payment
- Fiscal deficit in FY 19 at 3.3% of the GDP
- GST rate on electric vehicles lowered to 5%
- Nari tu Narayani: Women SHG Interest Subvention Programme to be expanded to all districts in India
- Rs 1 lakh loan to be provided for SHG women members under Mudra Scheme
- Additional income tax deduction of Rs 1.5 lakh on interest on loans taken to purchase electric vehicles
- Additional deduction of Rs 5 lakh on loans up to March 31 2020 for buying affordable houses, giving Rs 7 lakh benefit to home buyers.
- To provide Aadhaar cards for NRIs with Indian passports, after their arrival in India, with no waiting period.
- Rs 20 coin coming up
- Regulation of HFCs (Housing Finance Cos) to move to RBI from National Housing Bank
- Excise duty on fuel hiked by Rs 1
- To resolve the angel tax issue, startups will not be subject to any scrutiny in respect to valuation. Funds raised by startups will not require any scrutiny by the I-T department.
- TDS of 2% on cash withdrawals exceeding Rs 1 crore in a year from bank accounts, to discourage business payments in cash.
- Period of exemption for capital gains arising from sale of house for investment in startups to be extended to March 31, 2021
- Rs 70,000 crore in recapitalisation for public sector banks
- Rs 1.05 lakh crore disinvestment target for the year.
- TV channel to be launched for promoting startups and to help matchmaking for funds
- Rs 50 lakh crores proposed for Railway infrastructure
- By 2022, the 75th year of Independence, every single rural family, except those who are unwilling to take the connection, will have electricity and clean cooking facility
- The pension benefit will be extended to 3 crore retail traders under PM Karam Yogi Maan Dhan Scheme. It requires only Aadhaar numbers and bank accounts
- Rs 1 crore worth of loans proposed to MSMEs
- 2% interest subvention for GST-registered MSME on fresh or incremental loans
- Investment by FIIs and FDIs in debt securities in infrastructure debt funds to be allowed. Minimum public shareholding in listed companies can be increased from 25% to 35%
- Global Investors Meet to happen in India
Most Important Study Materials for RBI GRADE B 2019:
https://drive.google.com/open?id=1AeZluoZw-nmA1q3Bz4czV6XbBSHqvqsf
IMPORTANT TOPIC FOR RBI GRADE B 2019 EXAM (NOTICE ALREADY OUT)
Prompt Corrective Action (PCA)
What is it?
Prompt Corrective Action or PCA is a framework under which banks with weak financial metrics are put under watch by the RBI. The PCA framework deems banks as risky if they slip below certain norms on three parameters — capital ratios, asset quality and profitability.
It has three risk threshold levels (1 being the lowest and 3 the highest) based on where a bank stands on these ratios. Banks with a capital to risk-weighted assets ratio (CRAR) of less than 10.25 per cent but more than 7.75 per cent fall under threshold 1.
Those with CRAR of more than 6.25 per cent but less than 7.75 per cent fall in the second threshold. In case a bank’s common equity Tier 1 (the bare minimum capital under CRAR) falls below 3.625 per cent, it gets categorised under the third threshold level.
Banks that have a net NPA of 6 per cent or more but less than 9 per cent fall under threshold 1, and those with 12 per cent or more fall under the third threshold level.
On profitability, banks with negative return on assets for two, three and four consecutive years fall under threshold 1, threshold 2 and threshold 3, respectively.
When is PCA invoked?
The PCA is invoked when certain risk thresholds are breached. There are three risk thresholds which are based on certain levels of asset quality, profitability, capital and the like. The third such threshold, which is maximum tolerance limit, sets net NPA at over 12% and negative return on assets for four consecutive years.
Why is it important?
As most bank activities are funded by deposits which need to be repaid, it is imperative that a bank carries a sufficient amount of capital to continue its activities. PCA is intended to help alert the regulator as well as investors and depositors if a bank is heading for trouble. The idea is to head off problems before they attain crisis proportions. Essentially PCA helps RBI monitor key performance indicators of banks, and taking corrective measures, to restore the financial health of a bank.
On breach of any of the risk thresholds mentioned above, the RBI can invoke a corrective action plan. Depending on the threshold levels, the RBI can place restrictions on dividend distribution, branch expansion, and management compensation. Only in an extreme situation, breach of the third threshold, would identify a bank as a likely candidate for resolution through amalgamation, reconstruction or winding up.
Owing to the sharp deterioration in finances of state-owned banks on the back of rising NPAs, 11 public sector banks were put under PCA last year. Based on FY18 financials of the 21 PSBs, 17 can fall under PCA based on net NPA threshold alone and nine on ROA alone (negative for two consecutive years).
Why should I care?
If a bank in which you hold deposits falls under PCA, don’t press the panic button. The RBI’s corrective measures may bode well for your bank. But do keep a watch on the RBI’s PCA announcements, as they can offer vital cues on the performance of your bank.
Contrary to the perception, PCA does not really limit the normal lending operations of banks. Arguments that so many banks slipping into PCA has stifled credit growth are overdone. While the RBI has placed restrictions on credit by PCA banks to unrated borrowers or those with high risks, it hasn’t invoked a complete ban on their lending.
More Resources At www.facebook.com/groups/rbi.grade.b.prelim.main
GOOD EVENING SIR
I NEED ONE CLARIFICATION FROM YOU
RIGHT NOW I AM WORKING IN SBI THIS YEAR I WANT TO APPLY FOR RBI GRADE B EXAM WHETHER I NEED TO TAKE ANY PERMISSION FROM FROM MY BANK TO APPLY FOR THE POST OR NOC IS SUFFICIENT IF I SELECTED FOR INTERVIEW PLEASE REPLY AS EARLY AS POSSIBLE
Question no. 26-30 are to be answered based on the Paragraph:
Bushra Nazir from Jammu and Kashmir, shares "I am from a poor family. I wanted to do a job to support my family. But I was not able to find a way out. One day, a team of Mass Infotech Society visited my area and approached many youth including me for skill development training programme. They informed that they have started a job-linked skill development programme under "GoI" Scheme in our area, which gave me a ray of hope". After completing my studies up to class 12th, I was not able to study further because of financial problems. I was losing my hopes and enthusiasm. When a team of Mass Infotech Society visited our area and gave us the details of the scheme, I decided to join the skill development programme without any delay. I visited the Mass Infotech Centre at Bohri Kadal, Srinagar and got further details regarding the program. Considering my capabilities, the organization informed me about Banking & Accounting Trade. I was also informed that I would get training on soft skills, IT and personality development in addition. I joined the programme and did my training. It was a new experience for me. I enjoyed the training by participating in many activities. In classes I learned many things related to my sector. The classes on soft skills, computers and personality development helped me in grooming myself. After the training, the organization has helped me to get a job as an Accountant at Digital Computer Institute with monthly salary of Rs. 12300. Before this job, my family suffered a lot as my father was the only bread earner. I am very thankful to Ministry & Mass Infotech Society as they have taken up such a useful programme for economic empowerment of poor minorities. I wish this programme continues in Jammu and Kashmir which would provide a better option to the unemployed youth.
Q.26 Which of the following scheme has been referred in the above paragraph:
a. Nai Udaan Scheme
b. Seekho aur Kamao
c. Nai Roshni
d. Nai Manzil
Q.27 The referred scheme is implemented by which of the following ministry:
a. MoWCD
b. MoSJ&E
c. MoRD
d. MoMA
Q.28 The referred scheme is a Central Sector scheme implemented since …..for skill development of minorities:
a. 2013-14
b. 2004-05
c. 2010-11
d. 2016-17
Q.29 The scheme will be implemented for the benefit of the 6 (Six) notified minority communities under National Commission for Minorities Act 1992, which of the following is not a minority community
a. Muslims
b. Christians
c. Sikhs
d. Buddhists
e. Bhil
Q.30 Which of the following is not true about the scheme:
a. Minimum 33% seats will be reserved for minority girl/ women candidates in programme.
b. Priority will be given to organizations who would guarantee 75% overall placement percentage and out of that at least 50% placement should be in organized sector.
c. The trainee should be between 14-45 years of age.
d. The minimum qualification of trainee should be at least Class10th.
if you are able to answer the questions as given below then you are well prepared otherwise you need to work hard.
Questions are being asked on similar pattern in RBI GRADE B Phase II.
NABARD GRADE A and B 2019 results
Congratulations to all selected candidates
2 final selection out of 8 in NABARD GRADE B
6 final selection out of 41 in NABARD GRADE A
While only 10 students appeared in interview.
And approx 60 subcribers for our NABARD Courses as we launched the courses little late.
70% -80% questions were covered in our study materials in NABARD exams and this was the best performance by any online platform.
Visit www.crackgradeb.com to subscribe the best and most economical courses.
" Cutting the middlemen and an attempt to cut the cost for aspirants !!
Have worked a lot for guiding many institutes pan India and barely found any output .
RBI pahse 2 is a game changer so try to focus in advance . Only GA would save in Phase 1 as per the recent trends .
Though if any one is willing to go through Phase 2 reading materials, can drop me a mail at [email protected]
# I would try to respong at earliest . Thank you all.
# Available at affordable price
# No messaging here
Aditi
Citi Bank
" Cutting the middlemen and an attempt to cut the cost for aspirants !!
RBI Grade B phase 2 is a game changer so try to focus in advance . Only GA would save in Phase 1 as per the recent trends .Though if any one is willing to go through Phase 2 reading materials, can drop me a mail at [email protected]
# I would try to respong at earliest . Thank you all.
# Available at affordable price
# No messaging here
Aditi N.
RBI Grade B Admit Card Out since long: Anyone Left can have Direct Link to Download Admit Card over here: https://www.toprankers.com/exams/rbi-grade-b-admit-card/
RBI Vision 2022 (Utkarsh 2022)
RBI released Utkarash 2022, its vision documentBANKING POLICYduring July 2019. It provides information about, what RBI's plans for future. A summary is provided.
Mission: To promote the economic and financial well-being of the people of India in terms of price and financial stability; fair
and universal access to financial services; and a robust, dynamic
and responsive financial intermediation infrastructure.
Core Purpose :
1. To foster confidence in the internal and external value of the
Rupee and contribute to macro-economic stability
2. To regulate markets and institutions under its ambit, to ensure
financial system stability and consumer protection
3. To promote the integrity, efficiency, inclusiveness and
competitiveness of the financial and payment systems
4. To ensure efficient management of currency as well as banking
services to the Government and banks
5. To support balanced, equitable and sustainable economic
development of the country
Values: RBI commits itself to the following shared values that
guide organisational decisions and employee actions in pursuit ofthe Bank’s core purpose:
Public Interest : RBI in its actions and policies, seeks to promote
public interest and the common goodResponsiveness and Innovation: RBI seeks to be a dynamicorganisation responsive to public needs.
Integrity and Independence: To maintain highest standards of
integrity through openness, trust and accountabilityIntrospection and pursuit of excellence: RBI is committed toself-appraisal, introspection and professional excellence
VISION 1: Excellence in performance of functions.
A: Furthering the monetary policy framework and operating
procedure; enriching statutory publications; and striving for a
‘state-of-the-art’ data-intensive policy research framework
B : Creating a resilient financial intermediation ecosystem; refining
the regulatory, supervisory and financial inclusion framework.
C : Strengthening resilience, integrity and efficiency of the financialmarkets infrastructure with a focus on deepening digital payments
D: Enhancing efficiency of the ‘Banker to Government’ function
E: Broadening and widening debt markets.
F: Revamping the currency management system through enhanced
efficiency in procurement and distribution.
VISION 2: Strengthened trust of citizens and other institutions.
A : Strengthening external communication framework.
B: Creating an enabling environment to develop consumer-friendly
financial services providers
C: Ensuring sound and comprehensive internal
and external RBI policies
D: Adopting a ‘less paper’ and virtual workflowfor external stakeholders
VISION 3: Enhanced relevance andsignificance in national and global roles
A: Intensifying presence in national forums to
improve domestic financial infrastructure
B: Enhancing RBI’s brand equity.
C: Amplifying international financial
engagement by articulating RBI’s stance and
views on major global economic and regulatory
policy issues.
D: Strengthening existing positions in
supranational institutions.
VISION 4: Transparent, accountable andethics-driven internal governance
A: Reinforcing governance and code of ethics
B: Upgrading internal controls through robust
risk management, auditing & compliance
functions through international best practices
C: Adopting ‘less paper’ & virtual internal
workflows.
VISION 5: Best-in-class and environment-friendly digital as well as physical infrastructure
A: Automating processes, achieving integration
of information and ensuring cyber security.
VISION 6: Innovative, dynamic & skilledHuman Resources
A: Reviewing and reframing the organisational
structure to effectively implement all strategies
B: Enhancing skills of human resources for
creating a suitable training framework
C: Establishing an objective performance
assessment system for efficient HRM.
D: Using technology and data analytics to
promote research-based decision making by
the workforce
FOR 2019 & 2020 RBI GRADE B NOTES AT BEST PRICE PEEP IN AT www.facebook.com/groups/rbi.grade.b.prelim.main
Edutap Pase 2 full course available
Price= 2k
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RBI introduced a new reporting system for all co-operative banks, called Central Information System for Banking Infrastructure (CISBI). Co-op Banks will submit their information related to their presence points in a single proforma online.
- Bank Branch Statistics Division (BBSD) in Department of Statistics and Information Management (DSIM) of RBI will be nodal unit for CISBI.
- CISBI has replaced existing system of email-based reporting at branches, which was inefficient.
- It has been done after collapse of Punjab and Maharashtra Co-operative Bank, following uncovering of 4000 crores fraud.www.facebook.com/groups/rbi.grade.b.prelim.main