Banking part 1 :history Flashcards
Explain SBI formation
qew
Explain the main three banking reforms in Pre independent India
qwe
Which prominent Indian freedom fighter helped set up PNB
Lala Lajpat Rai
Who was the first RBI governor
Sir Osbourne smith
Who was the first Indian RBI governor
Cd Deshmukh
Achievements of CD Deshmukh
2nd finance minister of free India+ attended Bretton Woods
What was the initial shareholding pattern of rbi
Only 4 percent with government, rest private
When was RBI nationalised
1948
When did the RBI get it’s regulatory powers
Bra 49
Explain rbi’s role as banker
eqw
Who are the official directors of rbi
Gov+ 4 deputy governors
How many deputy governors can RBI have?
Not more than 4 as per RBI act
Who are the non official directors of rbi
(Goi: officials and nominees)+ 4 RBI local board directors
What is the term of deputy governors of rbi
3 years
Can a deputy governor of rbi be reappointed?
Yes
How RBI Dy governors are appointed
qew
Who enforces RBI directives/who you can complain to?
Enforcement department, earlier you had to complain to individual departments
What are the 2 conditions for becoming scheduled commercial banks
Paid up capital+ reserves = > 5 lakh and RBI should be satisfied
Explain the difference between scheduled and non scheduled commercial banks wrt the following?:- crr, MSF/laf, protecting depositors interest,
Scheduled: CRR with RBI Non scheduled?:- CRR wth itself
Non scheduled:- RBI may not allow MSF/LAF
Depositors interest are protected under BRA 49 in Non scheduled commercial banks also.
What are the 2 main problems for a non scheduled commercial Bank?
RBI approval for everything + because nobody trusts, cheque clearing houses don’t give automatic membership
6 points total: timeline for SBI, LiC, GIC, RBI, Bank nationalisation
qwe
What is old private bank?
qwe
When were all the random state banks merged with sbi
2017
When Bharatiya mahila Bank was created
2013
When Bharatiya mahila Bank was merged with sbi, was it nationalisation?
2017, no coz already 100 percent goi
Which two banks were merged with Bank of Baroda recently
Vijaya and Dena
What Bharatiya mahila Bank has specially for women
Who looks after mergers of banks?
Alternate mechanism panel under finance minister recommends to cabinet. DoFS is coordinator
Two points for pro merger?
Synergy, easier Basel 3 compliance
When was UTI privatised
2007
When was IDBI set up and as what?
1964 as a DFI
Which committee recommended abolition of DFI and when was IDBI made PSB
Narasimham 2 2004
Which committee recommended government exit from smaller PSBs and when?
PJ Nayak 2014
When was IDBI privatised and to whom?
2016, Lic, 2019:- LiC sold
What are general arguments against privatisation?
qwe
Where do bandhan and idfc get their licensee from
Bra 49
What is idfc
Mumbai based power infra nbfc
Bandhan and idfc set up on whose recommendations
Bimal jalan
Explain new private banks with the three phases
qwe
Explain on tap licence, who can apply? , Eligibility, obligation,
qwe
Whom to apply to for on tap licence?
Standing external advisory committee of rbi
