RBI Grade-B Officer 2015-16 , Phase-I & II

RBI RBI Grade B
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There seems to be huge confusion around RBI's notification. Some say it may not come until November. some say RBI is expediting recruitment & it should be out anytime soon. My sense is that RBI generally puts up notification with 1 month of declaration of previous cycle of results (I saw last 2 cycles on the RBI website). But, by that standard, the notification should have been out by 23rd of March. Now I am also skeptical. I would like to know your opinion on when RBI might float its notification based on your information (insider info from RBI is most welcome, but do mention it in the comments). When do you think the notification will be out?

  • May
  • Before 15 April
  • 15 - 30 April
  • June
  • July
  • Aug - Dec

0 voters

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Previous papers are available on rbi website


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What is Corporate Debt Restructuring (CDR)?

Corporate Debt Restructuring ("CDR") mechanism is a voluntary non statutory mechanism under which financial institutions and banks come together to restructure the debt of companies facing financial difficulties due to internal or external factors, in order to provide timely support to such companies.

The intention behind the mechanism is to revive such companies and also safeguard the interests of the lending institutions and other stakeholders. The CDR mechanism is available to companies who enjoy credit facilities from more than one lending institution. The mechanism allows such institutions, to restructure the debt in a speedy and transparent manner for the benefit of all.

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can anyone plz tell me where can i get prelims paper for RBI grade B? also kudos to u guys for making thiws thread...really informative!

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Thank u Friends for creating such a usual forum.

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Banking Ombudsman Scheme, 2006 

The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995.

As on date, fifteen Banking Ombudsmen have been appointed with their offices located mostly in state capitals.

All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative Banks are covered under the Scheme.

One can file a complaint before the Banking Ombudsman if the reply is not received from the bank within a period of one month after the bank concerned has received one's representation, or the bank rejects the complaint, or if the complainant is not satisfied with the reply given by the bank. 

If one is not satisfied with the decision passed by the Banking Ombudsman, one can approach the appellate authority against the Banking Ombudsmen's decision. Appellate Authority is vested with a Deputy Governor of the RBI.

If one is aggrieved by the decision, one may, within 30 days of the date of receipt of the award, appeal against the award before the appellate authority. 

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Hi,how much time one need to prepare for RBI Grade B officer Exam

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hi guys really useful forum.... !!! please give me some insights for phase II books to study syllabus etc... my first time... so any knowledge from veterans is appreciated.... thanx

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Deposit Insurance 

Which banks are insured by the DICGC?

Commercial Banks: All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC.

Cooperative Banks: All State, Central and Primary cooperative banks, also called urban cooperative banks, functioning in States / Union Territories which have amended the local Cooperative Societies Act empowering the Reserve Bank of India (RBI).

At present all co-operative banks other than those from the States of Meghalaya, and the Union Territories of Chandigarh, Lakshadweep and Dadra and Nagar Haveli are covered under the deposit insurance system of DICGC.

Primary cooperative societies are not insured by the DICGC.


What does the DICGC insure?

DICGC protects bank deposits that are payable in India.

The DICGC insures all deposits such as savings, fixed, current, recurring, etc. except the following types of deposits. (i) Deposits of foreign Governments; (ii) Deposits of Central/State Governments; (iii)Inter-bank deposits; (iv) Deposits of the State Land Development Banks with the State co-operative bank; (v) Any amount due on account of any deposit received outside India (vi) Any amount, which has been specifically exempted by the corporation with the previous approval of Reserve Bank of India.

Each depositor in a bank is insured up to a maximum of Rupees One Lakh for both principal and interest amount.

The deposits kept in different branches of a bank are aggregated for the purpose of insurance cover.

If the funds are in different types of ownership or are deposited into separate banks they would then be separately insured.

Deposit insurance premium is borne entirely by the insured bank.

The deposit insurance scheme is compulsory and no bank can withdraw from it.

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Hi guys can any one explain in detail about "Exchange Rate Management"..  Thanx in advance  

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Guys guide me good book for economy n finance managment as i m not from that background...ur suggestion is valuable for me...pls suggest.....

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What is the number of vacancy generally for the post ?

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what will be the expected date of notification  PHASE -I, 2015......

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When will be the joining date if phase 1 exam is help in say july? Assuming that I clear interview.

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Published in THE HINDU:

As Reserve Bank Governor Raghuram Rajan left interest rates untouched in his monetary policy Tuesday, he did so expressing disappointment that monetary transmission hasn't yet taken place. What exactly is monetary transmission?


What is monetary transmission?

To put it simply, monetary transmission is the process through which changes in a central bank's monetary policy gets reflected in the real economy. So, for instance, if a central bank reduces interest rates it charges borrowing banks, it would expect that reduction to be passed on to eventual customers as a result of the monetary transmission process.

Usually, there is a lag between the actions of the central bank and those of the commercial banks. The lag is less when central banks raise interest rates.

Why is monetary transmission being mentioned now?

So far this year, the Reserve Bank of India has cut the interest rates it charges borrowing banks by 50 basis points (from 8 per cent to 7.5 per cent). And yet, commercial banks have largely resisted passing this benefit on to their borrowers. Lower interest rates are important to spur consumption as also investment, and therefore economic growth.

In the first monetary policy meeting of the financial year 2015-16, the RBI signalled that it may not be inclined to further interest rate reductions without appropriate rate actions by banks.

Why are banks unable to cut rates?

Banks can raise lending rates faster after a policy rate hike because loans are mostly at variable rates and can be re-priced faster. However, keeping pace with a policy rate cut is unpalatable for commercial banks. That's because the cost of deposits can't be reduced in the short term, they carrying a fixed rate of interest. Also, with competition from small savings instruments, it is difficult to cut rates it offers depositors.

What are the other challenges for banks?

One view is that business is tepid, as credit offtake is low. For instance, the credit growth has slowed to 11 per cent in 2014-15, down from 15 per cent previous year. Banks have also seen a major stress in their balance sheets due to a high level of bad loans. And as a report by brokerage Anand Rathi indicates, public sector banks get little fee-based income, i.e. income that isn't dependent on interest rates. This makes the monetary transmission process longer.

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Can some aspirant from last year please suggest how to write phase 2 descriptive paper ? By how I mean :-

How long answers for 10/20 marks ?

How to present the answers ? 

And how much facts and numbers to put in a standard answer?

Please help me 😃

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Hi puys i wanna start prep for Rbi phase 2 exam. But dont know from where to start. So please if someone has idea please guide me. Also if there is any whatsapp group for it,please add me. Mt num is 8882127643

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when is the notification  most likely to come for grade b..........

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what is the time period between phase 1 exam and phase 2 exam......for grade b

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Commercial Paper

Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. 

It was introduced in India in 1990 with a view to enabling highly rated corporate borrowers to diversify their sources of short-term borrowings and to provide an additional instrument to investors.

Who can issue CP?

Corporates, primary dealers (PDs) and the All-India Financial Institutions (FIs) are eligible to issue CP.

Is there any rating requirement for issuance of CP ?

Yes. All eligible participants shall obtain the credit rating for issuance of Commercial Paper either from Credit Rating Information Services of India Ltd. (CRISIL) or the Investment Information and Credit Rating Agency of India Ltd. (ICRA) or the Credit Analysis and Research Ltd. (CARE) or the FITCH Ratings India Pvt. Ltd. or such other credit rating agency (CRA) as may be specified by the Reserve Bank of India from time to time, for the purpose.

The minimum credit rating shall be A-2 [As per rating symbol and definition prescribed by Securities and Exchange Board of India (SEBI).

Range: minimum of 7 days and a maximum of up to one year from the date of issue.

denominations: of Rs.5 lakh or multiples thereof

Who can act as Issuing and Paying Agent (IPA)?

Only a scheduled bank can act as an IPA for issuance of CP

Whether CP is always issued at a discount?

Yes. CP will be issued at a discount to face value as may be determined by the issuer. 

Whether CPs are traded in the secondary market? ------- Yes. 

CP can be issued either in the form of a promissory note (or) in a dematerialised form through any of the depositories approved by and registered with SEBI. Banks, FIs and PDs can hold CP only in dematerialised form.