Know about bank first : And Awareness

*Banking‬ ‪Awareness‬*
🎽First bank to introduce internet banking: ICICI bank
🎽First bank to introduce mutual fund: State Bank of India
🎽First bank to introduce credit card in India: Central Bank of India
🎽Which cards are known as plastic money – Credit Cards.
🎽Open market operations are carried out by – RBI
🎽Capital market regulator is – SEBI
🎽Largest Commercial bank in India – State Bank of India
🎽The International Bank for Reconstruction and Development (IBRD) is known as – World Bank
🎽India’s First Financial Archive has been set up at – Kolkata
🎽CRR, SLR, Repo Rate, Reverse Repo rate are decide by RBI
🎽Savings banks interest rates, fixed deposit interest rates, Loan Rates etc. are decided by individual banks
🎽The bank which has launched Mobile Bank Accounts in association with Vodafone’s m –paisa – HDFC Bank
🎽Minimum money transfer limit through RTGS: 2 Lakhs
🎽Maximum money transfer limit through RTGS: No Limit
🎽Minimum & Maximum money transfer limit through NEFT: No Limit
🎽NABARD was established in – July, 1982
🎽Largest Public sector bank in India – SBI
🎽Largest Private sector bank in India – ICICI Bank
🎽Largest Foreign bank in India – Standard Chartered Bank
🎽First Indian bank to open branch outside India i.e. London in 1946: Bank of India
🎽First RRB named Prathama Grameen Bank was started by: Syndicate Bank
🎽First Bank to introduce ATM in India: HSBC in1987, Mumbai
🎽Bank of Baroda has the maximum number of overseas branches
🎽SBI holds the second position with maximum number of overseas branches
🎽First bank established in India: Bank of Hindustan in 1770
🎽Second bank: General Bank of India, 1786
🎽Oldest bank in India originated in the Bank of Calcutta in June 1806 which was still in existence – State Bank of India
🎽State Bank of India merged with three banks namely Bank of Bengal, Bank of Bombay and Bank of Madras in 1921 to form the Imperial bank of India which was converted as State Bank of India
🎽First Indian bank got ISO: Canara Bank
🎽First India bank started solely with Indian capital investment is PNB (Punjab National Bank)
🎽Founder of Punjab National Bank is Lala Lajpat Rai
🎽Reserve bank of India (RBI) was instituted in 1935
🎽First governor of RBI: Mr.Osborne Smith
🎽First Indian Governor of RBI: Mr. C D Deshmukh
🎽First bank to introduce savings account in India: Presidency Bank in 1833
🎽First bank to introduce cheque system in India: Bengal Bank in 1833

What is Garnishee Order

Garnishee orders Meaning and Definition Images

Delegation of Powers
Bank do's and dont's under garishee order:
Paymentbof cheques
Right to set off

Meaning of Hypothecation?

What is Hypothecation?
"Hypothecation" Means a charge in or upon any movable property,existing or future, created by a borrower in favour of a secured creditor, without delivery of possesion of the moveable property to such creditor, as a security for financial assistance and includes floating charge and crystallisation of such charge in to fixed charge on the moveable property. The Mortgage of moveable property is called 'Hypothecation'. 

It may be described as a transaction where by money is borrowed by the debtor (owner of goods) on the security of the moveable property without transferring either the property or the possession to the Creditor'.

tags,
definition of hypothecation, meaning of bank lien.

What is Mortgage?

Definition of Mortgage (Simple Meaning of Mortgage):

Mortgage is a transfer interest in immovable properrty to secure an advanced loan, or an existing debt or a future performance of a obligation. Transfer of property Act contemplates leaves of mortgages, they are:

Simple Mortgage
Mortgage by conditional sale
Usufructuary mortgage
English Mortgage
Mortgage by Deposit of title deeds
Anomalous Mortgage.

keywords:
tyypes of mortgages and meaning, jaiib and caiib exam.

What is Pledge?

Meaning of Pledge :
"Pledge means bailment of goods for purpose of providing security for payment of debt or performance of promise". Section 172 of contract act 1872.

The person, whose gooods are bailed is called the Pawnor, the person who takes the goods as security is called the Pawnee.

related tags,
definition of pledge, what is the meaning of pledgs, pldge section andd act.

Principles and Practices of Banking Question Papers

1.Swarnajayanti Gram Swarnagar Yojana (SGSY) did not replace one of the following schemes :
Ans:Training of Rural Youth forr Self Employment (TRYSEM)
2.Fifty Percent of the project cost subject to per capita subsidy of Rs.10000/- Subject to Maximum of Rs.1.50 lac.
3.When Banks give home loans, the nature of charge created is MORTGAGE
4.As per the stamp act, a document executed in India shall be stamped - Before or at the time of execution.

related keywords:
Jaiib exam latest question updated, banking gk questions.