Monday, 24 July 2017

Important Banking Terms

The banking terms are frequently asked in all the Banking examinations and Interviews.  Also these banking terms are most useful for Banking Aspirants, Economics & Commerce students.

1. Repo Rate.

Repo rate is something at which banks borrow money from the Central Bank, RBI. When Repo Rate reduced banks get money at a cheaper rate of interest. Alternately,  when Repo rate increases, Banks have to pay more interest.  

2. Reverse Repo Rate.
It is just opposite of the Repo rate.  When RBI is in shortage of fund, it borrows money from other banks at a particular rate of Interest called Reverse Repo rate.   An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to its attractive interest rates.

3. CRR (Cash Reserve Ratio) Rate.
When banks have to keep some amount of fund with RBI that amount is called Cash reserve Ratio.  If RBI increase the percent of this, the available amount with the banks comes down. 

4. SLR Rate.
The Rate at which commercial banks needs to maintain in the form of cash, or gold or government. approved securities before providing credit to its customers called SLR (Statutory Liquidity Ratio).

5. Bank Rate.
Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and advances that it extends to commercial banks and other financial intermediaries. Changes in the bank rate are often used by central banks to control the money supply.

6. Inflation.
When price of of Goods and services increases called Inflation. Inflation happens when there are fewer Goods and more buyers.

7. Deflation.
Deflation is the continuous decrease in prices of goods and services. Deflation occurs when the inflation rate becomes negative and become stat for a longer period.

8. Deposit Rate.
Interest Rates paid by a depository institution on the cash on deposit.<>

SSC Scientific Assistant Recruitment 2017

 SSC are invited online application for the post of Scientific Assistant. Eligible candidates are advised to apply for the same.

Numbers of Posts : 1102

Educaitonal Qualification  :  Bachelor Degree in Science with Physics.

How to Apply: Candidates can apply online :  Apply Online



The online examination for the next Common Recruitment Process for RRBs (CRP RRBs VI) for recruitment of Group “A”-Officers (Scale-I, II & III) and Group “B”-Office Assistant (Multipurpose) will be conducted by the Institute of Banking Personnel Selection (IBPS) tentatively between September and November 2017. 

Online Application Dates  :  24.07.2017 to 14.08.2017

How to Apply  :  Candidate can apply for the posts online by visiting IBPS website

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