banking latest Flashcards
What are the three tiers of cooperative societies?
State, district/Central, pacs
What are the input and output of the cooperative system?
qwe
Why lending rates are lower in cooperative societies?
Idea is that members form hence no profit motive(just helping out members with loans)—>lower rates
Which states have had more cooperative societies and why?
Maharashtra, Gujarat, Tamil Nadu, Andhra Pradesh… They have cooperative spirit
Immediate regulator of cooperative societies?
Nabard+ state registrar of cooperative societies
Overall regulator of cooperative societies
RBI
Explain the internal classification of cooperative societies?
qwe
Who was the precursor to nbfis?
Dfi
When dfis were formed?
1948-1964
Why dfis were formed
qwe
Which dfis were formed between 1948-1964
What happened to the dfis eventually?
qwe
Where do nbfis get money from?
Goi grants + loans(from banks/RBI/goi)
General classification of nbfi
qwe
Explain exim 2 points
Exim act 82 100 percent goi
What is nabard regulator of?
RRB+ cooperative
Explain nabard role as lender?
Indirect lender to RRB, cooperatives
Which is the fund that nabard manages?
Rural infrastructure development fund
Ownership of national housing Bank?
100 percent goi
What nhb does?
Refinance for housing finance companies
Does nhb regulate housing finance companies. Why?
No. That’s done by RBI to avoid conflict of interest
Mention the year of founding of the 4 aifis?
Exim 82, Nabard 82, nhb 88, sidbi 90
What sedf does?
Indirect lending to mses via mudra, stand up India
Portal by sidbi for small industries
Udyamimitra
Who formed sidbi?
SBI,LiC, IDBI, other PSB and insurance companies
What are the 2 differences between aifi and banks. One flowing from other?
qwe
Who regulates aifi. What norms?
Rbi+ basel
What is a primary dealer. Who can be a primary dealer? Where it gets license from?
qwe
Difference between commercial banks and nbfcs wrt registration, supervision, entry capital, deposits, crr, slr, Basel 3
qwe
Commercial Bank and nbfc difference?. Wrt investment, loan rate, recovery
- Commercial banks cannot invest in share market per se, NBFCs can
- Loan rate in commercial banks is regulated as per MCLR, LTV. In NBFCs it is regulated depending on nature of biz
- SARFAESI is available for all banks. But it is only for Housing finance companies
NBFCs classified based on regulator
5 regulatory agencies related to nbfc?
RBI, irdai, pfrda, sebi, ministry of corporate affairs
Who controls microfinance companies
Moca+rbi
Who controls Nidhi and chit fund?
Moca
What is the need for mudra
qwe
What is the structure of mudra
Nbfc-nd subsidiary of sidbi
What are the functions of mudra?
qwe
Where funds come from to mudra, where it goes?
qwe
What if a mudra loan becomes npa
qwe
What is mudra card?
It is like an ATM card for withdrawing loan money
Which ministry operates the stand up India scheme?
Finance Ministry
What is the obligation for each scb branch under the stand up India scheme
wqe
In stand up India scheme, if loans do not have credit guarantee then who gives guarantee
National credit guarantee trust corporation of India
Explain 59 minutes loan portal. 1) who has launched the portal 2) what does it do? 3) how much is the typically sanctioned loan amount 4) is a collateral needed? 5) what is automated? 6) what is the fees?
qwe
