Dates of Establishment of various Banks

Year / Date Bank 1786 General Bank of India (First bank established in India) 1790 Bank Of Hindustan which lasted until. 1832. 1839 Union Bank 02 June 1806 Bank of Calcutta 15th April 1840 Bank of Bombay 01st July 1843 Bank of Madras 1863 Bank of Upper India 1865 Allahabad Bank 1881 Oudh Commercial Bank 19th May 1894 Punjab National Bank 1895 Punjab National Bank … Continue reading Dates of Establishment of various Banks

Banking In India : Everything about indian Banking

Banking Sector is the lifeline of Indian Economy. Indian banking sector had gone through different challenges and reformed itself as per the need to regulate money in order to enhance the life of each and every citizen of India. For a Banking Aspirant it is essential to know about the timeline of Events in Banking Sector. Banking In India Ancient India In India, references about … Continue reading Banking In India : Everything about indian Banking

TRICK TO REMEMBER BANK HQ

List of Bank Headquarters in India It’s very difficult to remember headquarters of Indian Banks if you simply wish to mug it all up. Chances are you will mess it up during exams or interviews. Here, we are going to illustrate a simple trick to remember bank headquarters in India. 1. All banks that have ‘India‘ at the end of their name have their headquarters … Continue reading TRICK TO REMEMBER BANK HQ

Some Very Important Banking Terms Defined

ADR : – ADR stands for American Depository Receipt. It is like a certificate which is issued by the bank.These are related to foreign countries that are why they are also known as GDR (Global Depositary Receipt). AGM : – AGM stands for Annual General Meeting. This meeting is held by public organisations. This meeting is generally known as Annual Meeting. In this meeting, every … Continue reading Some Very Important Banking Terms Defined

History of Banking in India

Earliest evidence of Banking in India is found from the period of Vedic Civilization. During those days, loan deeds called rnapatra or rnalekhya were prevalent.  Interest rates as well as usury (Sood Khori in Hindi) was prevalent in Vedic India.  The Vedic word Kusidin refers to an usurer (Soodkhor in Hindi). This term is also found in Manusmriti. Various types of instruments were found in Buddhist, Mauryan and Mughal periods. … Continue reading History of Banking in India

LIST OF BANKS TAGLINES, SLOGANS, PUNCHLINES

The Punchline / Tagline / Slogan of an organization is a short, often memorable phrase used in advertising campaigns. The main purpose behind these Punch Lines / Tag Lines is to emphasize a phrase that the company wishes to be remembered by and to convey the main purpose of the company. A successful Punchline helps the organization to sum up the tone and premise of … Continue reading LIST OF BANKS TAGLINES, SLOGANS, PUNCHLINES

Statesmanship at Pearl Harbour – Learn Vocabulary

Conspicuous gestures of reconciliation between nations to heal the deep emotional wounds of wars will have connotations that go beyond the symbolic. Japanese Prime Minister Shinzo Abe, through his visit to Pearl Harbour this week, and U.S. President Barack Obama, with his homage at the peace memorial at Hiroshima earlier in May, have undertaken this bold and difficult journey on behalf of their peoples more … Continue reading Statesmanship at Pearl Harbour – Learn Vocabulary

Deen Dayal Antyodaya Mission

What is Deen Dayal Antyodaya Mission ? National Rural Livelihood Mission (NRLM) also known as Deen Dayal Antyodaya Mission In 2011, the scheme was launched in rural areas to expand livelihoods in small enterprises, agriculture based rural areas and employment in formal sector Objective is to nurture rural power till they comes clear of abject poverty Bridge gaps between skilled labor and industries NRLM forms … Continue reading Deen Dayal Antyodaya Mission

Reverse Mortgage Loan – Detailed Analysis

What is Reverse Mortgage Loan ? A reverse mortgage is a special kind of home loan for senior citizens who are above the age of 60. This type of loan does not need any payments on a monthly basis but still the people who opt for such a loan have to take care of property taxes and homeowner’s insurance.  Reverse mortgage loans help senior citizens to … Continue reading Reverse Mortgage Loan – Detailed Analysis