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TYPES OF BANKS

TYPES OF BANKS The Banks can be classified on a number of basis. Depending upon the criterion selected, a bank can be classified into more than one category also. CLASSIFICATION OF BANKS RBI ACT OWNERSHIP CONSTITUTION NATURE OF BANKING Scheduled Banks Public Sector Banks Statutory Banks Payment Banks Non- Scheduled Banks Private Banks 1. Indian […]

WHAT IS A BANK ?

WHAT IS A BANK? A Bank is a financial institution which acts as an intermediary between those who have surplus funds and those who need it. Persons with surplus funds keep their deposits with the banks, out of which the banks give loans to those who require them. Thus, the Banks help in mobilising the […]

HISTORY OF BANKING

HISTORY OF BANKING THE ROOTS The idea of banks began as long ago as 1,800 BC in Babylon, a city in present day Iraq. In those days wealthy persons acted as moneylenders and made loans to people. Beginning of formal banking can be traced to the functioning of money lenders in 12th and 13th centuries […]

SBI new update

Finally, the most keenly awaited SBI PO Exam is here, with 2, 403 vacancies on offer. There is great buzz all around as it opens your gateway to the most prestigious and rewarding job of all. You have enough time on hands to prepare well for it and make it really happen. But given the intense competition […]

SBI New Pattern

The SBI PO Exam, tentatively fixed for April-May 2017, will be conducted in three phases i.e. Online written Preliminary examination Mains examination and Group exercises/Interview  Preliminary Examination Event                                                                                                               Date On-line registration and Modification of Application by candidates  Feb 7, 2017 to March 6, 2017 Payment of Application Fees/Intimation Charges                             Feb 7, 2017 […]