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Latest Banking Awareness Notes [ Founder | Estab | Slogan | CEO ]

Latest Banking Awareness Notes

Latest Banking Awareness Notes  

Learn Banking General knowledge Questions notes with a list of bank founders, bank Establishment years, Bank Head office year, list of Bank Slogans and CEO’s

Info about Allahabad Bank

Founder: Europeans

Established: 24 April 1865

Head Office: Kolkata

Nationalization: 19 July 1969

Banks Slogan: A Tradition of Trust

Chairman & MD: CH. S. S. Mallikarjuna Rao

Info about Andhra Bank

Founder: Bhogaraj Pattabhi Sitaramaiah

Established: 20 November 1923

Head Office: Hyderabad

Nationalization : April 15, 1980

CEO & MD: J Packirisamy

Info about Bank of Baroda

Founder: Maharaja Sayaj Rao

Established: 20 July 1908

Head Office: Vadodara, Gujarat

Nationalization: July 19, 1969

Banks Slogan: India’s International Bank

CEO & MD : P S Jayakumar

Info about Bank of India

Founder: Businessmen of Bombay

Established: 7 September 1906

Head Office: Mumbai

Nationalization: July 19, 1969

Slogan: Relationship Beyond Banking

CEO & MD: Dinabandhu Mohapatra

 Info about Bank of Maharashtra

Founder: V G Kale D K Sathe

Established: 16 September 1935

Head Office: Pune

Nationalization: July 19, 1969

Slogan: One Family One Bank

Chairman: Ravindra Prabhakar Marathe

Info about Canara Bank

Founder: A Subbarai Pai

Established: 1906

Head Office: Bangalore

Nationalization: July 19, 1969

Slogan: Together we can

Chairman: Shri T N Manoharan

Info about Central Bank of India

Founder: Sarabjee Pockhanawala

Established: 21 December 1911

Head Office: Mumbai

Nationalization: July 19, 1969

Banks Slogan: Build A Better Life Around Us

Chairman: R A Sankara Narayanan

Info about Corporation Bank

Founder:  Haji Abdulla Haji Khasim Saheb Bahadur

Established: 12 March 1906

Head Office: Mangalore

Nationalization : April 15, 1980

Slogan: A Premier Public Sector Bank

CEO & MD: P. V. Bharathi

Info about Dena Bank

Devakaran Nanji Banking Company Limited

Founder: Pran Lal Devakaran Nanji

Established: 26 May 1938

Head Office: Mumbai

Nationalization: July 19, 1969

Slogan: Trusted Family Bank

Chairman: Ashwani Kumar

Info about Indian Bank

Founder: Annamalai & Ramaswami Chettiyar

Established: 15 August 1907

Head Office: Chennai

Nationalization: July 19, 1969

Bank Slogans: Taking Banking Technology To To The Common Man

CEO & MD: Padmaja Chunduru

Info about Indian Overseas Bank

Founder: M. Chidambaram Chettiyar

Established: 10 February 1937

Head Office: Chennai

Nationalization: July 19, 1969

Slogan: Good People To Grow With

CEO & MD: Karnam Sekar

 Info about Oriental Bank of Commerce

Founder: Ram Bahadur Lal

Established: 19 February 1943

Head Office: New Delhi

Nationalization : April 15, 1980

Slogan: Where Every Individual Is Committed

CEO & MD: Mukesh Kumar Jain

Info about Punjab & Sindh Bank

Founder: Banvir & Sunder Singh

Established: 24 June 1908

Head Office: New Delhi

Nationalization : April 15, 1980

CEO & MD: S. Hari Shanker 

Info about Punjab National Bank

Established: 19 May 1894

Founder: Lala Lajipati Roy

Head Office: New Delhi

Nationalization: July 19, 1969

Slogan: The Name You Can Bank Upon

CEO & MD: Sunil Mehta

Info about Syndicate Bank

Founder: Upendra Pai Vaman Kudva T M Pai

Established: 1925

Head Office: Manipal (Karnataka)

Nationalization: July 19, 1969

Slogan: A Faithful & Friendly Financial Partner

CEO & MD: Mrutyunjay Mahapatra

Info about UCO Bank

United Commercial Bank Limited

Founder: Ghanshyam Das Birla

Established: 1943

Head Office: Kolkata

Nationalization: July 19, 1969

CEO & MD: Atul Kumar Goel

Info about Union Bank of India

Established: 11 November 1919

Head Office: Mumbai

Nationalization: July 19, 1969

Bank Slogans: Good People To Bank With

Chairman: Arun Tiwari

Info about United Bank of India

Established: 1950

Head Office: Kolkata

Nationalization: July 19, 1969

Slogan: The Bank That Begins With You

CEO & MD: Ashok Kumar Pradhan

Info about Vijaya Bank

Founder: A Balakrishna Shetty

Established: 1931 

Head Office: Bangalore

Nationalization : April 15, 1980

Bank Slogans : A Friend You Can Bank Upon

CEO & MD : R A Sankara Narayanan

 Info about Repo Rate

The rate of interest at which the Reserve Bank of India provides loans to Commercial Banks by mortgaging its dated government securities and treasury bills

Present Repo Rate: 6. 25% (from 24 June 2017).

 Info about Reverse Repo Rate

The rate of interest at which the Reserve Bank of India borrows from commercial banks by mortgaging its dated government securities and treasury bills

Note: Repo Rate and Reverse Repo Rate are Liquidity Adjustment Facility (LAF), it is a tool used by RBI to control short – term money supply

Present Reverse Repo Rate: 5.15% ( As of Sep 2019)

Info about Statutory Liquidity Ratio (SLR)

All commercial banks in the contry required to keep a given percentage of their demand and time deposits (Net Demand & Time Liabilities – NDTL) as liquid assets in their vault itself

Present SLR: 18.75%

Info about Cash Reserve Ratio (CRR)

The Cash Reserve Ratio is the amount of funds that the banks are bound to keep with RBI as a certain percentage of their Net Demand & Time Liabilities (NDTL)

Bank cannot lend it to anyone. Bank earns no interest rate or profit on this

Present CRR: 4%.

Info about Net Demand & Time Liabilities (NDTL)

Its mainly consists of Time Liabilities and Demand Liabilities

Time Liabilities includes

Money deposited in Fixed Deposits (FD) Cash Certificates Gold Deposits

Demand Liabilities includes

Money deposited in Savings account Money deposited in Current account Demand Drafts (DD)

Bank Rate

The Bank Rate is the rate which is fixed by RBI at which it re discounts bills of exchange and government securities held by commercial banks

NOTE: Repo Rate is a short – term measure on the other hand Bank Rate is a long – term measure

Present Bank Rate: 5.65%

Marginal Standing Facility (MSF)

The Marginal Standing Facility is a loan facility for banks to borrow from the RBI in an emergency when inter-bank liquidity dries up completely

Present MSF: 5.40%

Info about Bill of Exchange

Bill of Exchange is a financial document that assures payment of money by purchaser to seller for goods purchased

Info about Open Market Operations

This method refers to the buy and sell of securities, bills and bonds of government by RBI in the open market to expand or contract the amount of money in the banking system

Stats and Figures (As of Sep 2019)

Policy Repo Rate: 5.40%

Reverse Repo Rate: 5.15%

Marginal Standing Facility Rate: 5.65%

Bank Rate: 5.65%

Reserve Ratios

CRR : 4%

SLR: 18.75%

Lending / Deposit Rates

Base Rate : 8.95% – 9.40%

MCLR (Overnight) : 7.90% – 8.30%

Savings Deposit Rate : 3.25% – 3.50%

Term Deposit Rate > 1 Year: 6.25% – 7.10%

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