Use your Failure as an Inspiration. Target: IBPS-PO 2018. : SBI-Clerk 2018

I failed the final round of IBPS-PO VII. I was shocked; I expect good marks in interview. It was good and I was ready with my "success story" to be published on BA page.

I was so happy and waiting for the 1st of April. OH!!!

I FAIL...

And I land here; with you. I want to prepare harder this time but not alone. I want to share every single resource for free with you here. I want to provide you the best practice worksheet for IBPS-PO 2018.

I hope most of you have qualified their prelims and even mains, so it's time to revise smartly.

Don't overthink!!! USE your FAILURE as your IMAGINATION...

useyourfailure

Sunday, April 22, 2018

Current Affairs- General Awareness Section- Your Plus point for IBPS -PO

Current Affairs- General Awareness Section

-Your Plus point for IBPS -PO

Hi guys,

Hope you are working very hard for your dreams.

The current Affair Section is the most scoring section in IBPS-PO Mains exam.

You can use it as your major strength. This is something you should get habitual to. The information about the things around us.

A banker deals in money; and money left no field behind. Everything has something with "money" today. So, A banker should at least know every little thing around the Globe...

The current affairs section is not a subject, it is the information flowing around us. It is not confined to any book or magazine, it's dynamic.

You should try to flow with it, don't let yourself bounded with any timetable or book for this section. JUST FLOW WITH IT...

HERE is something vital to your current affair section, You should not skip it.

Apart from Bankers Adda and useyourfailure.blogspot.in; visit the following site as you visit your Facebook profile frequently. Feel it and flow with it.

PRESS INFORMATION BUREAU:: CLICK HERE

Monthly Policy review (March 2018):: CLICK HERE

PM India Website:: CLICK HERE

RBI WEbsite:: CLICK HERE

Just remember one thing, "Dream Big, and do anything for them". This is your time. No matter what other thinks, no matter what labels they put on you, no matter how the situation is.

Go for it...

GO GET IT (PERIOD)

Thursday, April 19, 2018

Adverb - English Section -Error Correction for IBPS-PO

Adverb - English Section

Error Correction for IBPS-PO

Ø Simple

Ø Interrogative

Ø Relative

Main verb-Transitive-Intransitive-

Auxiliary Verb- Primary –Modals-

Primary (to be –to have- to do)

Transitive verb: these are the verbs which require an object after it.

Intransitive: verbs don’t require object.

EXAMPLE:

He hits the ball.

He hits slowly.

He rings the bell.

The bell rings loudly.

Primary: (to be form) : is , am , are, was, were + (Nominative Pronoun)

It is I.

To have: (Has, have had)

SHE HAS HAD THE FOOD.

SHE IS HAVING MANY FRIENDS.

To do: ( do, does, did)

SHE DOES PLAY CRICKET.

I DO PLAY TENNIS.

MODALS:

V 1

Modals + have + V 3

May/Might:

May: Present possibility (Positive) –Request permission (formal way)

Might: Past possibility (negative)

Can/Could:

Can: ability/ Informal request

Could: Remote possibility

Shall/Will

Shall: Uncertainty-Possibility

Will: Conformity

I SHALL WILL WORK HARD TO ACHIEVE MY GOAL.

Shall –Ist person (Uncertainty)

Shall- 2nd or 3rd person ( promise-determination-threat –warning)

SHOULD/WOULD:

SHOULD: advice, suggestion, Prime duty, moral obligation

Would: polite request

MARGINAL AUXILARY VERB (SEMI MODAL)

NEED

DARE

USED TO

OUGHT TO

NEED: necessity

HE NEED NOT GO THERE.

HE NEEDS MY ASSISTANCE.

I DON’T NEED YOUR ADVICE IN THIS MATTER.

USED –TO:

Case of routine, events, habitual

HE USED TO GO FOR A WALK DAILY.

I AM USED TO GETTING UP EARLY IN THE MORNING.

DARE: is used in the case of negative (show anger)

OUGHT TO: Similar to

Should: in case of advice (MORAL DUTY –OBLIGATION)

YOU OUGHT NOT TO SMOKE SO MUCH.

SO –positive ( that)

TOO –negative ( to)

SHE IS SO BEAUTIFUL THAT EVERYONE GOT FASCINATED BY HER.

HE IS SO INTELLIGENT THAT HE CAN’T BE CHEATED.

TOO: additional (Positive)

MUCH TOO: adjective (As Adverb)

TOO MUCH: noun (As Adjective)

HIS WIFE’S RUDE BEHAVIOR GIVES HIM TOO MUCH PAIN.

HIS WORDS WERE MUCH TOO PAINFUL.

VERY MUCH –SINGLE SYLLABLE-

ANIL IS VERY MUCH INTELLIGENT THAN MOHIT.

FAIRLY: (positive) V1 FAIRLY GOOD

RATHER: (negative) V 2 (comparative) RATHER TOO BAD-

INVERSION

Subject + V à V + Subject

· To such an extent

· To such a degree

· Not only –but also

· Only the day before yesterday

· Only last month

· Only in few countries

· Only in this way

· Only then

· At no time

· Under no circumstances-

· On no account

· On no condition

· Round the corner

· Under the tree

“Do it at once”, said Sahil à “Do it at once”, she said.

Wednesday, April 18, 2018

PRONOUN- ENGLISH SECTION-IBPS-PO 2018

PRONOUN- ENGLISH SECTION

IBPS-PO 2018

Subjective (Nominative)
Objective
Possessive adjectives

(I , WE , YOU, HE ,SHE,IT ,They) –Subjective-

(Me, Us, YOU, HIM, HER, IT, THEM) –Objective-

(My, mine, our, ours, your, yours, his, it , its, their) –Possessive-

As-As (positive sense)

So-As (negative sense)

RULES:

Order ranking of Personal pronoun:

Singular case à 2 3 1

(Nominative Pronoun)

Plural Caseà 1 2 3

Admitting a mistake (Singular or plural)

Sentence in a negative sense

We always use an objective pronoun after preposition.

There is no conflict between you and me.

We always use a nominative pronoun after As –As, So –As, then

When the comparison between two

HE IS BETTER THEN ME (I)

HE LIKES YOU MORE THAN I (ME)

HE EARNS MORE THAN I (ME)

HE RUNS AS FAST AS I.

When a sentence starts with to be form of verb (is, am, are, was, were ) then nominative pronoun is used.

IT IS HIM HE WHO IS RESPONSIBLE FOR THE LOSS.

THIS PROBLEM CAN BE RESOLVED BETWEEN YOU AND I ME.

Objective case is used after except.

Nobody will come to your rescue except I me.

Distributive pronoun-

Each, Every à More than 2

Either, Neither à 2

None à More than 2

Neither of these two principles has been looking after the problem well.

Reciprocal Pronoun-

Each other à 2

One –anotherà more than 2

They saved themselves by helping each other (one another).

Personal Pronoun-

One must be cautious of one’s dressing.

Every man should respect his parents.

The personal pronoun should be used according to its antecedent.

Reflexive Pronoun-

Myself, himself, herself, themselves

The action is done by the subject turn back upon the subject

She cut herself while peeling the fruits.

Avail –absented-enjoyed-apply- we use a reflexive pronoun after these verbs.

Keep-bath-make-stop-steal-hide-are used intransitively hence don’t use a reflexive pronoun.

Don’t use the reflexive pronoun in place of the personal pronoun.

Demonstrative Pronoun-

This that these, those

Relative Pronoun-

Refer to some noun going before is called its antecedent.

Who which what where how

Who –living

Which –non living

I know Meera who has just gone.
Which book is the bestseller in this row?

EXCEPTION: ‘Which’ is used for living when choice is made

The mother knows which of her children is hungry?

Like all, the same, only, none, anybody, nothing, little, somebody – Use ‘that’ with these words.

HE IS THE SAME BOY THAT I SAW AT THE AIRPOT.

KITE IS THE WORST MOVIE THAT I EVER SAW.

Whose- object

Whom- subject

Who –H.V/M.V.

EXAMPLE:

1. The man (1)/ who they thought (2)/ to be a gentleman (3)/ is a rogue. (4)/ No Error (5)

Ans. (2) Replace who with whom

2. This is (1)/ one of the best suggestions (2)/ which have ever been (3)/ made by you. (4)/ No Error (5)

Ans. (3) Replace which with that

3. This is (1)/ the only one of his comments (2)/ that (3)/ deserve our attention. (4)/ No Error (5)

Ans. (4) Replace deserve with deserves

4. This is (1)/ not such treatment (2)/ that (3)/ I expected. (4)/ No Error (5)

Ans. (3) Replace that with as

5. A woman can do (1)/ everything (2)/ what a man (3)/ can do. (4)/ No Error (5)

Ans. (3) Replace what with that

6. I hate (1)/ everybody and everything who (2)/ reminds me (3)/ of my mistake. (4)/ No Error (5)

Ans. (2) Replace who with which

7. The terrorist (1)/ which was chained (2)/ grumble at the D.S.P. (3)/ who was taking him to prison. (4)/ No Error (5)

Ans. (2) Replace which with who

8. This is the same (1)/ dog which barked (2)/ at my son but fortunately did not (3)/ bite him.

Ans. (2) Replace which with that

9. He (1)/ bought a house (2)/ the price of which (3)/ was five lakh rupees. (4)/ No Error (5)

Ans. (5) No Error

10. Don’t respect (1)/ such persons (2)/ who have no respect (3)/ for elders. (4)/ No Error (5)

Ans. (3) Replace who with as

11. Your state (1)/ is rich (2)/ but mine (3)/ is poor. (4)/ No Error (5)

Ans. (5) Sentence is correct

12. The Director of (1)/ Directorate of Distance Education (2)/ has given its consent (3)/ to join the meeting. (4)/ No Error (5)

Ans. (3) Replace its with his

13. The principal (1)/ as well as the teachers (2)/ absented themselves (3)/ from the office. (4)/ No Error (5)

Ans. (3) Replace themselves with himself

14. As a teacher of (1)/ Mathematics (2)/ you are far better (3)/ than him.(4)/ No Error (5)

Ans. (4) Replace him with he

15. Ours are (1)/ the same problem (2)/ that (3)/ yours. (4)/ No Error (5)

Ans. (3) Replace that with as

16. The educational institutions (1)/ of Patna are more (2)/ expensive than (3)/ that of Darbhanga. (4)/ No Error (5)

Ans. (4) Replace that of with those of

17. Zakir lent me some (1)/ rupees on the condition (2)/ that I should return the same (3)/ before September. (4)/ No Error (5)

Ans. (3) Replace the same with it

18. He says (1)/ it is his problems (2)/ but you say it is (3)/ your also. (4)/ No Error (5)

Ans. (4) Replace your with yours

19. The hotels of (1)/ Kolkata are (2)/ cheaper than (3)/ Patna. (4)/ No Error (5)

Ans. (4) Insert those of before Patna

20. Each member (1)/ and each worker (2)/ has given (3)/ their consent. (4)/ No Error (5)

Ans. (4) Replace their with his

Financial Awareness- Foreign Direct Investment -IBPS -PO

Financial Awareness- Foreign Direct Investment

IBPS -PO

Foreign Direct Investment (FDI)
Foreign Direct Investment is a direct investment that involves the injection of foreign funds into production or business in a country by an individual or company of another country.

Foreign Portfolio Investment (FPI)

Foreign Portfolio Investment is a direct investment but investment in only financial assets such as stocks, bonds etc. of a company located in another country. In contrast to FDI, a portfolio investment is an investment made by an investor who is not involved in the management and day-to-day business of a company.

Benefits of FDI:

(a) Improves forex position of the country

(b) Employment generation and increase in production

(c) Help in capital formation by bringing fresh capital

(d) Helps in transfer of new technologies, management skills, intellectual property

(e) Increases competition within the local market and this brings higher efficiencies

(f) Helps in increasing exports, Increases tax revenue

FDI in INDIA
A foreign company planning to set up business operations in India may:
Incorporate a company under the Companies Act, 1956, as a Joint Venture or a Wholly Owned Subsidiary.
Set up a Representative Office or a Project Office or a Branch Office of the foreign company which can undertake activities permitted under the Foreign Exchange Management (Establishment in India of Branch Office or Other Place of Business) Regulations, 2000.

FDI

FPI

Investment in productive assets (whose value increase over time) like plant and machinery for a business

Investment in financial assets like stocks, bonds, mutual funds, etc.

Investment gives investors ownership right as well as the management right

Investment gives investors only ownership right and not the management right

Engage in the decision making of a firm

Not involved in decision making

Investors enter a country with long-term approach

Investors can plan for long but often have short-term plans

So investors cannot depart from the country easily

Investors can easily depart from the country

Investment is greater than 10%

Investment is less than 10%

The routes under which foreign investment can be made:
Automatic Route: Foreign Investment is allowed under the automatic route without prior approval of the Government or the Reserve Bank of India.
Government Route: Foreign investment in activities not covered under the automatic route requires prior approval of the Government which is considered by the Foreign Investment Promotion Board (FIPB), Department of Economic Affairs, and Ministry of Finance.

Foreign investment is prohibited in the following sectors:

1. Lottery Business including Government / private lottery, online lotteries, etc.

2. Gambling and Betting including casinos etc.

3. Chit funds

4. Real Estate Business or Construction of Farm Houses

5. Manufacturing of Cigars, cheroots and tobacco substitutes.

6. Atomic energy and Railway operations.

Tuesday, April 17, 2018

Adjectives- English Section- IBPS-PO

Adjectives

English Section- IBPS-PO

ADJECTIVE

Ø Positive

Ø Comparative

Ø Superlative

Single syllable (good –better- best)

Double syllable (careful –more careful –most careful)

TYPES OF ADJECTIVES:

· Adjective of Quality (Descriptive Adjective) – large, honest, foolish

· Adjective of Quantity- some, little, all, great

· Proper Adjective – (formed from proper noun) –Indian Culture, French wines,

· Definite Adjective- Cardinals- One, Two, three –Ordinals- First, Second, Third

· Indefinite Adjective –All, many, few, some, several

· Distributive Adjective - each, every, either, all

· Interrogative Adjective- What, Whose, Which

RULES:

Single person- 2 properties then we use – more+ positive degree.

HE IS MORE THIN THAN FAT.

There are some adjectives which denote absolute positions of which comparative degree and superlative degree remains the same.

SENIOR, JUNIOR, INFERIOR, EXTERIOR, SUPERIOR, COMPLETE, IDEAL, PERFECT, CHIEF

This is the most major operation.

The implementation of NRHM is better than MNREGA.

USE, to for adjective having the suffix –ior not then (SUPERIOR, SENIOR, JUNIOR, INFERIOR, EXTERIOR, PREFER, YOUNGER, ELDER)

COFFEE IS PREFERABLE TO TEA.

HE IS MUCH SENIOR TO ME.

HE IS MUCH MORE SENIOR TO ME.

When comparison: much

Single person (very)

RAJENDER IS MUCH MORE INTELLIGENT THEN NIKHIL.

If 2 adjective are separated by (they need to be in the same degree) in same sentence-

SHE IS BOTH KIND AND MORE INTELLIGENT THAN HER SISTER.

We always use Ordinal before cardinal in a sentence.

THE FIRST TWO CHAPTER OF THIS BOOK ARE VERY IMPORTANT.

Conversion of superlative degree into comparative degree:

ALL + OTHER + P.N

ANY + OTHER + S.N

NO + OTHER + S.N

SHE ASKED HIM WHAT IT WAS THAT MADE HIM STRONGER THEN ANY OTHER MAN.

HE IS BETTER THAN ALL OTHER BOYS IN THE CLASS.

NO OTHER STUDENT IN OUR CLASS IS AS INTELLIGENT AS HE IS.

Other is not needed in superlative.

AKBAR WAS THE GREATEST OF ALL OTHER KINGS.

VERY (Present participle gerund)

MUCH (Past participle V3 Passive)

THE MATCH BECOMES VERY INTERESTING.

EXCEPTION: VERY TIRED

VERY FRUSTRATED

VERY SURPRISED

TOO

( also, something extra)

Very is not used in comparative degree.

Much is need in comparative.

Very much is Comparative.

ASHISH TOO IS A STRONG POLICEMAN.

HE IS TOO WEAK TO DANCE.

PRAVEEN TOO IS GOING TO THE PARTY ALONG WITH US.

MANDEEP IS MUCH MORE INTELLIGENT THAN SUMIT.

SUPERLATIVE DEGREE:

SAGAR IS MUCH THE BEST MAN IN THE DEPARTMENT.

SAGAR IS THE VERY BEST MAN IN THE DEPARTMENT.

Don’t use a preposition before adverb.

With most humbly I rest my case.

PM is going to abroad next month.

STILL (positive)

HE IS STILL WORKING.

YET (negative)

THEY HAVEN’T ARRIVED YET.

SOME/ANY –

Some is positive and any is used in negative aspect for both countable and uncountable noun.

I have some books.

I don’t have any book.

Do you have any friend?

Would you like some bread?

FOREMOST/FIRST:

Foremost – is the best or the most important; in the leading position in a group of people or thing.

Mahatma Gandhi was the foremost leader of India.

He is the first person to start a trust in this locality.

LESS/LESSER:

Less suggest amount and lesser suggest degree showing some negative sense in a choice of two.

SHE HAS LESS MONEY THAN HE.

WHICH IS THE LESSER OF THE TWO EVILS?

ELDER/OLDER:

Elder and eldest are used only for the person in blood relation.

Elder is used with to not then.

OLDER- are used for both person and things, it is used with then.

RAVI IS MY ELDER BROTHER.

JP PARK IS THE OLDEST PARK OF THE CITY.

LATER/LATTER/LAST:

LATER and LATEST refers to time, LATTER refer to position.

THE LATTER CHAPTERS OF THE BOOK ARE INTERESTING.

MUCH/MANY:

Much notifies only uncountable noun.

Many- used for countable noun.

HE DRINKS SO MUCH WATER.

I HAVE COLLECTED MANY BOOKS FROM THE CITY.

FEW/A FEW/ THE FEW:

FEW: means very few or none at all

A FEW: used to indicate-not a large number, but some or handful

THE FEW: used for a special limited number (not many but all)

SEND ME A FEW BOOKS.

Few Artists live a simple life.

Friday, April 13, 2018

DAILY DOSE EDITORIALS-13TH APRIL- READING COMPREHENSIONS

DAILY DOSE EDITORIALS

13TH APRIL

READING COMPREHENSIONS

HI READERS,

How's your writing level now? IS it increasing magically?

Do you feel good about this daily dose of the editorials? Is it beneficial for your weak points?

Keep doing the same for a month. Let's do it.

READ, ANALYZE, AND WRITE.

THE HINDU: CLICK HERE

THE INDIAN EXPRESS: CLICK HERE

THE FINANCIAL EXPRESS: CLICK HERE

DO IT.

PRACTICE DATA INTERPRETATION- BY ARUN SHARMA

PRACTICE DATA INTERPRETATION

BY ARUN SHARMA

DI is the most important topic in Quant. Data Interpretation is not an independent chapter. It is a khichdi made up of all the other chapters.

Start learning the concepts again and then solve the DI questions first. DI is the most scoring part of the Quant Section.

Here is a book for DI practice: CLICK HERE

HOPE YOU LIKE IT!!!

Thursday, April 12, 2018

Financial Awareness- CAPITAL MARKET ( IBPS-PO 2018)

Financial Awareness

CAPITAL MARKET ( IBPS-PO 2018)

CAPITAL MARKET

Maturity> 1 year

Regulated by SEBI (Security Exchange Board of India)

Authorized Capital – can max upto – 10,0000/

Issued Capital – Issue – 80,000

Subscribed Capital – Shareholder Buy – 60,000

Called –Up capital –Actual Price/Share – 60,000 × 10

Paid –Up Capital – First Call – 60,000 × 7

Authorized Capital = Nominal Capital = Registered Call

Company (Equity /Debt)

Equity 100%

51% -Company

49% - Shareholder

Shareholder share profit ( Dividend)

Debt (Debentures-Loan-Interest)

Share

Equity Preference

A general meeting Voting Rights No

Profit 2nd Priority Ist Priority

Loss Loss Profit

Wind Up 2nd Priority Ist Priority

Capital Market

Companies like manufacturing, infrastructure power generation and governments which need funds for longer duration period raise money from capital market.

Individuals and financial institutions who have surplus fund and want to earn higher rate of interest usually invest in capital market.

SEBI (Securities and Exchange Board of India) regulate the capital market in India.

Under Act 1992- a board is established to protect the interests of investors in Securities to promote and regulate the Security market.
Established -12 April 1992 under SEBI Act , 1992
SEBI Chairman- Upendra Kumar Sinha was appointed in 2011 replacing C.B.Bhave
Objective- To manage the fraudulent cases and stop fraudulent activities in stock market
Headquarter – Mumbai
Regional offices- Delhi , Kolkata , Chennai , Ahmedabad

Capital Market Instruments:

1. Shares

2. Debentures

Shares

If company issuing share for first time that it is known as IPO (Initial Public Offering).IPO of any company issued in primary market.

If company issuing shares for second or third time than it is known as FPO (Follow on Public Offering) and trading of already issued shares take place in secondary market.

Share gives ownership right to individuals who subscribe to it, in this way company has to dilute his ownership right up to 49 percent of their ownership and keep remaining 51 percent with them so that they have majority control.

A person earns from shares is company make profit which is distributed among share holders know as dividend and if company make loss value of share also falls so shares are high risk instruments.

Debt

A debt instrument is used by government or organization to generate funds for longer duration, and is known as Debentures.

The relation between people who invest in debt instrument is of lender and borrower .This gives no ownership right .A person receives fixed rate of interest on debt instrument.

A debenture is thus like a certificate of loan or a loan bond evidencing the fact that the company is liable to pay a specified amount with interest and although the money raised by the debentures becomes a part of the company’s capital structure, it does not become share capital. Senior debenture gets paid before subordinate debentures, and there are varying rates and

payoff for these categories.

Debenture holders have no rights to vote in the company’s general meetings of shareholders.

The interest paid to them is a charge against profit in the company’s financial statements.

There are two types of debentures:

1. Convertible debentures:

Convertible bonds or bonds that can be converted into equity shares of the issuing company after a predetermined period of time.

Convertible bonds typically have lower interest rates than non-convertible corporate bonds.

2. Non-Convertible debentures:

Non Convertible Debentures are simply regular debentures, cannot be converted into equity shares

of the liable company. They are debentures without the convertibility feature attached to them. As a result, they usually carry higher interest rates than their convertible counterparts.

How a bank works? -Banking Awareness-

How a Bank works?

Banking Awareness-

HOW BANK WORKS: ASSETS AND LIABILITY

LIABILITIES:
Current Account Deposit: 0%

Saving Account Deposit: 4%

Fixed/Recurring Account Deposit 8%-9%

Bulk Deposit

The average interest of all these deposits put together is COST OF FUNDS, should be as low as possible.

CA/SA- Should be more.

But CA/ SA are volatile deposit (can withdraw anytime)

FD- have fixed terms, Banks can plan their activities (Stable deposit)

Assets: The internal /income which banks get is yield/income.

· Home Loan

· Mortgage Loan

· Co-operate Loan

· Personal Loan

Net Interest Margin (NIM) = ≥ 3

With this NIM –Banks have to pay (SALARY, RENT ON PREMISES, and PAY FOR OPERATION AND PROFIT)

This is known as Viable Banking.

Banks require the NIM of 3% to ensure profitability.

TYPES of ACCOUNT

SAVING ACCOUNT

Age≥ 18

10-18 (with some restrictions)

< 10 (Minor, with guardian)

Minimum balance- No FRILL ACCOUNT (BSBDA- BASIC SAVING BANK DEPOSIT ACCOUNT)

PMJDY

Rate: calculated on Daily Basis taking into account minimum balance available (SA rate are 4%)

CURRENT ACCOUNT

-Overdraft

-Nomination (×)

Why new generation Private Sector banks have more numbers of current accounts then Public Sector banks.

· Improved Hospitality

· Personalized Service

· Portfolio Management

· Technology Up-gradation

CASA RATIO = Fixed Deposit/Recurring Deposit/Bulk Deposit:

TIME DEPOSIT
· No withdraw before agreed period

· Penalty of withdraw before

· No Cheque Book

FIXED DEPOSIT

UPTO 10 Years

NOMINATION

Interest Rate HIGHER -For Senior

TIME ∝Interest rate

Loan Facility -Available

But if interest income > 10,000

Bank will deduct TDS

If you are not income tax payee then you have to give bank a 15 G Form.

FIXED DEPOSIT

· STANDARD FD- (Interest in every 3/6/12 months)

· CUMULATIVE FD

Interest Rate varies with time and age not with the amount of deposit.

RECURRING DEPOSIT:

Deposit at regular interval

TDS

BULK DEPOSIT

Amount > 1 Crore

Rate> FD Rate

Ø Corporate

Ø High Network Individuals( HNI)

Amount 500 Crore – 10%

Amount 1000 Crore – 12 %

Priority Sector Lending

· Sectors

· Agriculture

· Small-scale industry

· Small Business, Small Enterprise

· Micro Credit

· Education Loan

Priority Sector Lending (PSL)

Commercial Bank must provide loan – 40%

18% -Agriculture

Penalty for not achieving PSL Target

INDIAN BANK – deposit shortfall amount with NABARD under RIDF (Rural Infrastructure Development Fund)

FOREIGN BANK - deposit shortfall amount with SIDBI under IDF (Industrial Development Fund)

NEFT-(National Electronic Fund Transfer)

Max- 50,000/Transaction

Indo-Nepal Remittance Facility Scheme-

Monday-Friday – 8 a.m. to 7 p.m.

Saturday – 8 a.m. to 1 p.m.

RTGS (Real Time Gross Settlement)

Min: 2 Lakhs/Transaction ( Real Time –Upto 2 Hrs)

DeMat – Dematerialized Account

DPs – Depository Participants

Buy/Sell- Stocks

PAN

IMF- 189 Members (Nauru)

IMF – July -22-1944 initially 45 members

WORLD BANK (American)

IBRD- International Bank for Reconstruction and Development

IDA- International Development Association

Asian Development Bank – 1966

SWIFT –Society for Worldwide Interbank Financial Telecommunication.

NOSTRO Account- [Our Account with you in foreign currency].

VOSTRO Account- [Your Account with us in Indian currency].

LORO Account- [Third Party Account]

NOSTRO – is a current account that a bank holds with another bank, in a foreign country such account is operated in the currency of a foreign country.

VOSTRO – Current Account for foreign bank in a domestic bank.

LORO- is used when NOSTRO and VOSTRO account by a bank other than account maintaining Banks and the tank with which the account is maintained.

CHEQUE

Drawer-Owner

Payee- Receiver

Drawee- Bank

Post Dated – Date later then today

You can’t cash it until today’s date, after 3 month –stale cheque

ANTI-DATED

It is regular cheque

Dated earlier then today and can be cashed immediately

Stale Cheque: If any Change issued by holder doesn’t get withdrawn from the bank till 3 month.

Cross Cheque:

Not in Cash

Endrossed

Account pay cheque

When 2 along with cross made and word account payee written between these lines.

Can’t be endorsed

Engrossment:

Sec. 15 –Negotiable Instrument Act- 1881

There can be any number of endorsement

Wednesday, April 11, 2018

Way of the peaceful warrior- Something that changes lives

"Way of the peaceful warrior"

-Something that changes lives

Way of the Peaceful warrior: CLICK HERE

Review of the book by the author, "

The book tells the story of a college student and world-class gymnast Dan, who is surprised to find his schoolwork and athletic pursuits do not fulfill him as he had expected they would. Early in his college career, he stumbles upon a filling station whose night shift is covered by an old man. Dan eventually befriends the old man and nicknames him Socrates, both because the man refuses to reveal his real name and because over time he ends up serving as Dan’s mentor and spiritual guide.

Set in the 1960s, the book takes the reader on Dan’s multi-year journey toward enlightenment. As he works with Socrates and tries to internalize messages about living in the moment and perceiving oneself as interconnected with all other living things, Dan finds more inner peace, more success in his athletic pursuits, and more fulfillment. Socrates presents Dan with a series of challenges ranging from fasting to meditation to control his breathing, slapping him on the head when he proves to be obstinate or dismissive. (Better him than me.)

He teaches Dan that the way of the peaceful warrior “is not about invulnerability but absolute vulnerability - to the world, to life…(A)warrior’s life is not about imagined perfection or victory; it is about love. Love is a warrior’s sword; wherever it cuts it gives life, not death.” Dan learns to be present, to experience himself as connected to the world and not apart from it. He controls his ego, learns to laugh at himself, and heightens his awareness rather than sleepwalking through life.".

"READ THIS- YOU WILL FIND SOMETHING FOR YOU"

Tuesday, April 10, 2018

English Section- Practice with the MASTER.

"English Section- Practice with the MASTER"

Fear of English will go with good practice and right concept.

Make sure that you practice hard. The English section cutoff is the lowest among all. The English paper is getting tougher year after year.

You can practice right at the right time. Don't go for random test series. It will create confusion. First be confident and then you can go for the test series.

Just analyze your last year marks in English section. What's the use of doing hard work without smartness?

It is English, Only good practice pays off.

HERE IS SOMETHING FOR YOU; YOU CAN PRACTICE HERE.

CLICK HERE

The Best way to Practice for IBPS-PO, SBI-PO, Clerk, 2018

The Best way to Practice

IBPS-PO, SBI-PO, Clerk, 2018

Hi Future bankers,

Be positive this time. You can do it.

You have qualified the prelims, some of you may have qualified the mains paper also. The best way to practice is to sove the previous year paper.

Yes, you are right that the pattern is changing year after year but still, the theme is same. You must find something very common in the last year papers.

Start solving the previous year paper. Test papers and Online mock test and Online test series consist of hard questions just to sell their product more int he market.

Think big, Think out of the box.

"ALL THAT GLITTERS ARE NOT GOLD".

Here is something for you. Start your practice.

Previous Year paper: CLICK HERE

Let's make it harder day by day. As it is only practice that can make you perfect.

Monday, April 9, 2018

Banking Awareness- Basics of NPA

Banking Awareness- Basics of NPA

NPA (Non –Performing Asset)

When a person does not repay the loan after 90 days then it is known as NPA.

The asset account of the borrower –which has been classified by banks,

1. Standard –Regulatory

2. Sub Standard- 3 months-12 months

3. Doubtful -12 months-36 months

4. Loss Assets > 36 months

NPA: Interest/Installment of Principle remain overdue for > 90 days

Overdraft/Cash Credit –Amount remains out of order > 90 days

Bill Discounting – bill remains overdue > 90 days

For Farmers- > 2 Harvest Season

SARFAESI ACT -2002

Securitization and Restructuring of Financial Assets and Enforcement of Security Interest Act 2002

It allows banks to take possession, lease to sale these securities.

Bank gives notice of Possession to à Customer

60 Days

15 Days 45 Days

(Customer talks to bank) Customer approaches DRT for taking stay

Mutual Understanding Debt Recovery Appellate Tribunal

Ø DRT (Debt Recovery Tribunal)

Ø DRAT (Debt Recovery Appellate Tribunal) -50% Amount Deposit

Ø Loans < 1 lakh (not eligible under SARFAESI)

Ø Agriculture Lands cannot be sold

Ø The amount due is less than 20% of Principle and Interest

On a bank’s balance sheet, loans made to customers are listed as assets. The biggest risk to a bank is when customers who take out loans stop making their payments, causing the value of the loan assets to decline.

NPA is any asset of a bank which is not producing any income.
Term Loan: It means once the borrower has failed to make interest or principal payments for 90 days, the loan is considered to be a non-performing asset.
Overdraft/Cash Credit: Overdraft remains continuously in excess of the sanctioned amount.

According to RBI, terms loans on which interest or installment of principal remains overdue for a period of more than 90 days from the end of a particular quarter is called a Non-performing Asset.

However, in terms of Agriculture / Farm Loans; the NPA is defined as under For short duration crop agriculture loans such as paddy, Jowar, Bajra etc. if the loan (installment/interest) is not paid for 2 crop seasons, it would be termed as an NPA.

Types of NPA:

Sub-standard: If the borrower does not pay dues for 90 days after the end of a quarter; the loan becomes an NPA and it is termed as “Special Mention Account”. If this loan remains SMA for a period less than or equal to 12 months; it is termed as Sub-standard.

Doubtful: If sub-standard asset remains so for a period of 12 more months; it is “Doubtful asset”.

Loss Assets: If the loan is not repaid even after it remains a sub-standard asset for more than 3 years than it is Lost Assets.

SARFAESI Act -2002

The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act have provisions for the banks to take legal recourse to recover their dues.

When a borrower makes any default in repayment and his account is classified as NPA; the bank has to issue notice to the borrower giving him 60 days to pay his dues.

If the dues are not paid, the bank can take possession of the assets and can also give it on lease or sell it; as per provisions of the SARFAESI Act

Bank can use this for their own purpose like opening a new branch on it, installing of ATM’s etc.

Reselling of NPA:

If a bad loan remains NPA for at least two years, the bank can also resale the same to the Asset Reconstruction Companies such as Asset Reconstruction Company (India) (ARCIL).

They purchase such loans on low amounts and try to recover as much as possible from the defaulters.

Their revenue is the difference between the purchased amount and recovered the amount.

Government of India has constituted 33 Debt Recovery Tribunals and 5 Debt Recovery Appellate Tribunal across the country.

Debt Recovery Tribunals:

Narasimhan Committee Report I (1991) recommended the setting up of Special Tribunals to reduce the time required for settling cases. Accepting the recommendations, Debt Recovery Tribunals (DRTs) were established.

Debts Recovery Appellate Tribunal (DRAT)

DRAT is the appellate authority to hear and dispose of appeals arising out of the decisions of the DRTs. A person qualified to be a judge of the High Court or who has been a Member of the Indian Legal Service and his held a post in Grade-I of the service for at least three years or who has held the post of Presiding Officer of DRT for a minimum period of three years can be appointed as the Chairperson of DRAT.

Tho most scary section- ENGLISH SECTION

The Most Scary Section

ENGLISH SECTION

Most of the students have a problem with the English Section in Bank-PO exam.

You should make your week point strong this time. Fall in love with this section.

Let's study English in a different way.

Start from the GRAMMAR part. LEARN IT AGAIN.

There are 10 steps to learn Grammar part.

Step 1: Articles - 'a, an, the'

Step 2: Nouns

Step 3: Subject-verb. Agreement

Step 4: Pronouns

Step 5: Adverb

Step 6: Adjective

Step 7: Proposition

Step 8: Conjunctions

Step 9: Tenses

Step 10: Voice-Narration

Parts of speech – these are the building blocks of English language. A sentence is made up of the following parts of speech:

Article, Adjectives, Adverb, Conjunction, Noun, Preposition, Pronoun, Verb

Step 1

Articles

Ø Indefinite- A, An

Ø Definite- The

‘A’, ‘An’ are used for singular countable noun

‘The’ is used for a definite uncountable noun.

While using ‘A’, ‘An’ we need to take care of the sound of the noun if it is a vowel (a, e, i, o, u) –then use –‘An’. For consonant’s sound use ‘A’.

RULES:

1. Use of A /An

Singular noun (Countable)

Where adjective is placed before the noun, article ‘A’, ‘An’ is placed before the adjective.

Where adverb is placed before the adjective, article ‘A’, ‘An’ is placed before adverb.

HE IS ‘AN’ INTELLIGENT (Adjective) BOY (Noun).

2. A is used for counting:

A hundred, A dozen, A thousand, A couple, A billion, A pair

3. When a numerical and fractions are compounded then A is used.

Three and a half,

4. ‘A’, ‘An’ is also used with profession.

A Doctor, An Engineer, A Professor

5. When similarity is shown with a great personality.

SHE IS LIKE A MADHURI DIXIT.

HE IS A HARISH CHANDER.

6. Word like so, as, too, quite is placed before adjective/article. ‘A’, ‘An’ should be used after adjective.

SHE IS AS BEAUTIFUL GIRL, AS YOU ARE EVER LIKELY TO MEET.

THIS IS TOO TOUGH A TASK FOR ME TO COMPLETE.

7. Phrases carry ‘A’ with them-

At a stone’s throw, Make a noise, In a fix; Take an interest in, Tell a lie, A matter of chance-

8. A, An is used before a verb when it acts as a noun-

HE HAS GONE FOR A RIDE.

HE GOES FOR A WALK DAILY.

HE TALKS FLUENTLY IN ENGLISH.

THE

9. Superlative degree- THE

RAM IS THE BEST SINGER.

10. Comparative degree –when comparison of two.

THE MORE YOU WORK HARD, THE MORE YOU WILL GET.

HE IS THE STRONGER OF TWO.

HE IS STRONGER THEN ME.

SHE IS THE MORE BEAUTIFUL BETWEEN YOU AND YOUR SISTER.

11. With comparative degree if the is used as an adverb.

THE HIGHER YOU GO, THE COOLER IT BECOMES.

12. Before the word same in case of comparison.

THIS IS THE SAME BOY THAT I SAW AT THE PARK.

13. The noun of noun

14. Use the before:

· A geographical entity–The continent but NOT the Asia, the Europe

· The ocean–the Indian Ocean, the Atlantic, the Pacific

· The river–the Yamuna, the Thames, the Tiber, the Nile

· The island–the Andaman and Nicobar, the Lakshadweep

· The mountain–the Himalayas, the Andes

· The bay or gulf–the Bay of Bengal, the Persian Gulf

· The deserts–the Sahara, the Kalahari, the Arabian Sands

· Before the celestial bodies–the planet–the earth; the star–the sun

· Before the names of religious groups and religious and famous books–the Hindu, the Christian, the Quran, the Bible, the Iliad, the Mahabharata, the Ramayana

· The republic, the kingdom, the union–The People’s Republic of China, the United Kingdom, the United States.

· With superlative– the best, the rich

· The ordinals–the first, the last, the next

· Some comparatives–the better of the two; the more you try, the more you succeed

· For the head of a group–the President, the Prime Minister, the Head Boy.

· But he was elected President, appointed Head Boy.

But NOT with

Mountain peaks–Mt Everest, Mt Kilimanjaro

Lakes–Dal Lake, Chilka Lake, Lake Michigan

Names of places beginning with proper nouns–Delhi University, Indira Gandhi International Airport,

Mahatma Gandhi Road

Planets such as Mars, Jupiter

the names of religions–Hinduism, Christianity, Islam

Example:

Please give me a pen to write; not the one you gave me earlier but another.

1. Have your seen the movie playing at theatre? (No error)

2. Is this a phone that you gave me last night?( the phone)

3. The good leader leads the company to successful organization. (A good leader)

4. In this field of innovation, the credit goes to a man who convince the world with his arguments and not to the man who simply thinks.(the man)

5. It is the most beautiful painting of gallery. (The gallery)

6. It is a pity that the daughter of the millionaire is involved in the bank robbery. (a millionaire)

7. The most beautiful marriage would be a union of a deaf man to a blind woman. (The union)

8. He said that he felt nervous because a friend of his had given him a very bad news. (Very bad news)

9. He boasts of having the good knowledge of maths but everybody knows how far he is good at maths.

( a good knowledge).

10. Of the two answers, this is better. (The better)

11. The winters are generally very cold here. (Winters)