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April 30, 2012

Regional Rural Banks (RRBs)

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Here are some Important points about Regional Rural Banks (RRBs). It'll hardly take 5 mins to read and remember these points. But are important for all Banking Exams. Have a Look at these.....

  • Established on 2nd October 1975 on the recommendation of R. G. Sarayya Committee.
  • To extend finance to Rural Areas.
  • RRBs paid-up capital : Centre 50%;
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April 28, 2012

IBPS - Specialist Officers Result

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The Result of IBPS Specialist Officers (Conducted on 11-03-2012) is Out







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April 27, 2012

Averages - Examples

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The average income of 3 friends in a group of six is Rs. 6,600 and that of the other two is Rs. 6,500. If the average income of all the six is Rs. 6,400, find the income of the 6th friend.

Sol :
            Average Income of 3 Friends = Rs. 6,600
            So, Total Income of 3 friends = 3 X 6,600 = Rs. 19,800

            Average income of 2 friends = 2 X 6,500
            So, Total income of 2 friends = 2 X 6,500 = 13,000

            Total income of 5 friends = Rs. 19,800 + Rs. 13,000 
                                                                         = Rs. 32,800

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Averages

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Always people find it difficult to remember the information given in different groups or in different numbers. In such cases, the approximate number is useful. That is why we often hear remarks such as, the average of Sachin's runs in five innings is 65, in a standard VII class of 65 pupils, the average attendance last week was 60. Let us try to find out the mathematical meaning of the word "Average" first. Have a look at the following example.
All of us know that the speed of a vehicle does not remain constant during a journey. Therefore, the distance traveled is different in each hour. Still taking into consideration the total distance traveled and and total time required for that, the distance traveled by that vehicle per hour is determined for the sake of convenience. In order to find out
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April 26, 2012

Verbs - Shortcut Rules - Part 2

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Shortcut Rule 11 : When the subordinate clause expresses a universal truth the past tense in the main clause may be followed by a Present Tense.

  • He said that the sun rose in the East.
  • He said that the sun rises in the East.

Shortcut Rule 12 : The Past Tense in the main clause may be followed by any tense after the conjunction "Than" in the subordinate clause. 

  • He worked faster than we do / did.

Shortcut Rule 13 : In Conditional Sentences, to express improbability in the Present, the Simple Past Tense in the if clause and the Present

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Banking Abbreviations - 2

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<< Previous
  • LAB      -----------------------    Local Area Bank
  • LC      -----------------------    Letter of Credit
  • LOC      -----------------------    Letter Of Comfort 
    • Dont confuse between LC and LOC
  • M-Banking      -----------------------    MObile Banking
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Banking Abbreviations

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Here are some Abbreviations which are useful for Banking Exams.
  • ADB    -----------------------    Asian Development Bank 
  • ADR    -----------------------   American Deposit Reciepts
  • AML   -----------------------    Anti Money Laundering
  • ANBC     -----------------------    Adjusted Net Bank
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NABARD

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Here are some useful details about National Bank for Agriculture and Rural Development (NABARD) :
  • Established on 12th July 1982 on the recommendation of CRAFICARD committee (also called as Sivaraman Comittee)
    • CRAFICARD - Committee for review of arrangements for institutional credit for agriculture and rural development.
  • For Agricultural finance, NABARD is the apex organization
    • Chairman : Dr. Harsha Kumar Bhanwala
    • Head Quarters : Mumbai
  • It assists Cooperative Banks, RRBs, Land Development Banks & Scheduled Commercial banks in lending to farmers, rural artisans and other non-farmers in rural areas and to the State Governments for minor irrigation.
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April 25, 2012

Syndicate Bank - Chartered Accountants

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Syndicate Bank, invites applications from eligible candidates for the post of Chartered Accountants


Chartered Accountants : 30 posts (UR-16, SC-4, ST-2, OBC-8)

Pay Scale : Rs. 19400 - 28100

Age :  21 to 30 years as on 01/01/2012

Last Date to Apply : 19/05/2012 


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Verbs - Shortcut Rules - Part 1

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In this post we shall discuss some important shortcuts Rules about Nouns which comes in handy while solving Banking and Other Competitive Exams papers. 

Shortcut Rule 1 : If the subject is of the third person, singular number (He, She, It) add 'S' or 'es / ies' to the first form of the verb to make it singular number.


  • She plays the violin every day.
  • He loves his parents
  • The dog barks at the people.
  • The bird flies in the Sky.
  • He does his duty. 
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