IBPS SO Law 2025: Top 100 Must-Know Banking Awareness Questions

0:00 [Appreciation] [music] Hi guys, welcome to legal aid after College. I am Priyanka and today's banking With a session on awareness. Right? Such as You have been promised that the exam When is the first exam? hurry up before me Tell me by commenting. Right? that means 30th off We will be almost in the top 100 before the August exam Banking Awareness concepts here I will finish it. Right? We are going to cover 15 concepts each Let's try to cover it in the session. In the last session we covered 15 concepts have been done. If you guys watched the last session If you haven't seen those 15 concepts then please

0:46 Go and check out those concepts on the channel. Today we will cover another new 15 concepts In today's class. any point of time But do you feel that you have any question or any I have a doubt related to these concepts, please feel free Free to comment and ask me any questions. We will finish these concepts one by one do. something on the basis of these concepts We will also discuss sample questions that Types of sample questions you may be asked Are. Right? Sometimes it is because of earrings There is a problem. Let us remove it. Come on, bring it. It's going to last a little while Session. Now let's start. Ok? So first First of all, I will tell you that How many concepts are there that we cover here are going to do it. What are those concepts? Are? then one by one we will start the

1:31 Concept. Look, this is our first concept MSF What is MSF? the second one is OMO. What is NBFCs Financial Inclusion? They say? What are payment banks? What is SFBCs? Who are Bad Banks? They say? What is NABARD? SIDBI What happens? RBI embargo About the scheme. What is a CBDC Is? What is IFSC? Projects What is the century of? What is Lead Bank Scheme? And last but not the least BBPF kya Is? Right? if a little bit about the previous year You have seen the question papers. Right? So Most of the times these people just use an acronym I give it to you and ask you for its full form or any other related to that acronym I ask you questions. So here he is You should know the acronym very clearly

2:18 need to know the actual meaning of that acronym What is? So these are our 15 concepts today This is the target which we will cover in this entire session do. So, let's say the first one is that What is MSF? Right? What is MSF Is? Right? So in the last session I We discussed the need of banks many times There is a need for a loan. Right? bank several times yesterday They are stressed. financed them There is need. when they needed money then whose door does he knock first Are? From where do they take the loan? Right? So First of all they take loan from RBI. Right? If the bank does not take loan from RBI If you want to take it, here is one more thing from where Loan can be taken. Ok? so sorry guys Give me a second.

3:07 Just a second. Yes. Yes. there is another such thing Not the one from where banks can take loan Usually we call it interbank lending Are. Ok? One of the biggest advantages of inter-bank lending The bank can take a loan from another bank. But sometimes such a situation arises when the repo A person does not prefer loan based on the rate. Right? Interlending is available to the individual here It is also not available. Ok? or else he Here is the Liquidity Adjustment Facility That means I am not able to take advantage of LF also Is. LF we discussed in last session have been done. Then what does he do? then he is here Pay takes loan only from RBI. but this one A type of overnight emergency landing occurs. Meaning when you need funds in an emergency It happens. Some time in repo rate It gets consumed. But if you

3:53 Look at the emergency first, if you need a loan Have to take it from RBI under low repo rate. Ok? What is the current repo rate? Current What is the repo rate? we had discus In the last class. Current in last session Our repo rate is 6.50. Ok? But one This is time consuming. There is quite a lot of it in It takes time. So if you look at the repo rate If you are able to take it through then it is inter bank The bank does the lending. That is, someone else Takes it from the bank. But if there is stress also The financial situation is ongoing. All funds If the dye is out then it is available here If not, then there will be no interbank lending It can. Now in such a time of emergency If funds are needed then RBI gives loan here It is there but it adds some interest. It is called Marginal Standing Facility

4:38 That is, MSF. That is, when RBI gives any notice to any bank here Provides emergency loan. to any bank when The one who gives emergency loan is called Marginal Standing Facility. and this Usually charges more than repo rate Is. As of today, the current repo rate is 6.50 But the MSF is slightly less than the repo rate. it's too much which is yours 6.75 That is 0.25% There is more here. Ok? Now one more thing You need to know if anyone The bank here is marginal from RBI Can standing facility be arranged? No. Not every bank can come and ask for a Emergency lending and emergency loans from

5:26 RBI. Here only the one and only RBI is a scheduled commercial bank List of Jo Banks in the second schedule of It is mentioned that it is a scheduled commercial bank Again the same here emergency loan from RBI You can take it. say it in a way There is an overnight loan. you need money You will get the money tomorrow morning. So The overnight lending is done by RBI than it is called marginal standing Facility. Right? Its rate is based on repo rate It is a little more. At today's date its The rate is 5% higher. This facility is available only and Only with scheduled commercial banks Only this is available. The banks that are second It is mentioned here in the schedule. Right? is Is this clear? When was this launched? these launches It happened in the year 2011-12. so it was

6:12 launched basically in 2011 right where Scheduled Commercial Banks only Only those who are eligible for MSF Are. Right? Now what kind of thing is related to this I may ask you that question once I will show you the sample here. Every concept I will give you a sample question related to I have brought it close to you so that you can have a little You should have an idea about banking in your prelims What kind of awareness is related to Questions can be asked. Ok? The question is whether MSF is used by banks to msf this is the mistake i made Every time I bring the same answer. Effort You guys should answer this for me yourself you can predict because usually what we We will cover topics related to that There is a question. The question is MSF is used Buy Banks to MSF through Banks Why is it used? so option a is

6:59 To increase profit, you need to increase Profit. Option B to maintain CRR. CRR is your cash reserve ratio. Option C is to bor overnight in emergency and d is To Deposit Accidents Fund. so correct answer what happens here guys? correct answer wood BC that when overnight funds are needed When funds need to be taken in an emergency There is no scheduled commercial bank here Whoever takes that lending or loan from RBI I can bear whatever we have here MSF speaks. Right? This is the rate Usefully it is more than the repo rate. today's Current in debt is 6.75% and this Launched in 2011. remember this right Keep all the instructions. now next move on to

7:48 Your second concept. Right? second concept what is OMO? What is OMO? Right? ok tell me this many times The government also needs money. So, in such a situation, should the government Can I sell it in the securities market? Absolutely can sell it. Right? You You can sell it permanently or you can sell it temporarily You can sell it too. To whom to sell temporary They say? When you have sold but you have a Right, you can buy it back. This There are types of shares which we call Preferential shares in the company. Right? When if you sell them then you have a right to Repurchase it. You can buy it back. In the same way when the market is right? Buy Government Securities here and When government securities are sold are bought and sold in the open market

8:35 It is called OMO i.e. Open Market Operation Government Security's Open Buying or selling in the market Who calls this an open market operation? Who leads and performs this task? if so then it performs this task here RBI has come i.e. your Reserve Bank of India. Right? There are two types of OMOS There are. That means there are two ways here Government securities can be sold. Right? The first one which is permanent where you have The government has outright sold it security or you have purchased it outright, Then there will be no resale on it. Correct Is? It is called PMO, that is Outright Purchase. PMO, okay? would have been the second

9:24 It is temporary. this was for the short term Is. If you have sold it here you can return it then you can buy it back and if you If you have bought it then you can also sell it back. This It is called repurchase agreement i.e. REP o repo. Ok? This is from the repo rate Don't get confused. this is a very different Concept. Right? but in short it says that wherever government securities market will be sold or bought in open In the market it is called open market Operations which is done by Reserve Bank of India India right, look at this, what kind of sample is this Question may come in this sample question is when rbi sells government Security in the market when RBI

10:11 Government securities are sold in the market if it is there then what is the market it is why sell it Pay here to increase liquidity, to Decrease liquidity, to increase inflation And to reduce SLR. so correct answer wood B. To decrease liquidity. here For the purpose of decreasing liquidity RBI can issue any Government security It sells. I am not talking about saying bye Am. I am talking about selling it. Any Why does the government sell security? RBI? When he needs to decrease liquidity it occurs. Right? Let's move ahead. very good. That's the correct answer. you give answers like this So I like it. Right? Let's go to the The next question is what are NBFCs?

10:56 Right? What are NBFCs? Right? Now If you go a little bit into history, Back in the past so long ago If you go into the past then first of all There used to be the Imperial Bank which is today's date We have SBI in me. Right? These are mostly Used to happen in Presidency rounds. Right? After That When We Got We have given them independence It was nationalized and today it is that is state bank of india right Later many commercialized banks came but These commercial banks are mostly urban areas and these banks were banks actually are these banks a These are the types of companies which are covered under the Companies Act It gets incorporated but after that this RBI Under banking Regulation Act brother we are in the banking sector

11:42 if you want to deal in us then please tell us Please give me the license. So here RBI is which if that company which is the company All provisions of the Banking Regulation Act complies with the requirements Is. Your CRR will be compounded with SLR She goes. So here are the terms and conditions RBI gives them license with That you can deal in the banking sector And that company then becomes a banking company here She goes. Right? so for a very long time Only banking companies in India Was. The banking company has the right that She can deposit money from the public. Give loans or advances on that basis It can. Can deal in investments Is. Can deal in stocks. Butt another Banks are also one such entity in the markets

12:28 other than that means other than a banking company which Then the banking sector itself I will not say but deal in financial sector She started doing it. Right? They are called non Banking Financial Company. That means that he Companies which are governed by the old Companies Act even then that is to say, whichever is included under the Companies Act 1956 or It is registered under the Companies Act 2013 and Dealing in the financial sector. remember that banking very well Cannot deal in activities. Banking Cannot deal in the sector. He is just and Can deal only in the financial sector Are. Such as giving loans and advances. Correct Is? Acquiring shares, dealing in stocks dealing in bonds, debentures

13:14 dealing in, issuing securities, Government Securities, Government Stocks, Government Debentures, Government Bonds issuance, of any local authority or Dealing in any market security. Which banking function is not present here? We do? To take deposits. Right? here They cannot take deposits. like today I Go to a bank and open an account Keep your money in savings or current account I can make a deposit. This is non-banking Financial companies cannot do this. Right? They deal only in these areas You can do what I just told you. Right? Now can any company come and show its financial Will it be incurred by dealing in activities? No. these also these companies also properly are regulated and are regulated by

14:01 The one who does this is RBI i.e. Reserve Bank It is of India only. that means if today I need any non banking financial company If I want to establish it then first of all I Register your company under the Companies Act Will have to get it done. Then the door of RBI You will have to knock that I want to deal in the Financial sector. I want to deal in the Financial Activities. RBI is here again Pay me the registration certificate issue will do it. that of the Certificate of Registration ask for certificate of registration He has it. Without that certificate I am an NBFC cannot work. if i have Only if I have this certificate can I act as an NBFC Whatever it is, I will be able to do the work. Right? and the RBI When it issues this certificate, it also

14:48 They have their own terms and conditions. Just like that RBI does not give it. A Joe Mostant The terms and conditions are these that non banking i.e. non banking The financial company has at least There should be a fund of Rs 10 crore here Net Net Owned Fund i.e. what we call are NOF. Ok? So let us understand from the Word Non-banking financial is coming in Company means it is in financial sector Deals in but banking activities Cannot do a deal. Right? and this Actually your Reserve Bank of India Act It is given in. Now look at this related What type of question can come? which of The following is not true about NBFCs? National Bank Non Banking Financial Companies

15:35 About this. Which of these statements which is not true? Ok? First The statement is here they can accept Demand Deposit. Is that a demand deposit? Can you accept it? The R Financial Institutions. They are regulated by RBI. They cannot issue checks drawn on themselves. Right? So now look here, RBI regulates To NBFCs. Yes. so this is true Is. Isn't it? These financial institutions Is. Deals in finances. yes yes is also true. Now the question usually arises You might be confused between these two options Can they issue cheques? which their names Is it a drone? Yes, it can be done. So, That is, those who cannot do an activity is that they cannot take deposits Are. So, which statement is not true? The The answer is A. Right? A is not true. Let us go,

16:23 Moving on to the next concept is What is financial inclusion? Financial Meaning of this term of inclusion What is? Right? Look, there came a time where what you know is the major The problem is that banks should be nationalized TRAI thought that banks should be nationalized Need to do. RBI for RBI to make as many regulations as possible There is need. Because as many as here Banks were coming, they were mostly urban were coming to the areas. so very much so An unequal distribution had taken place. Because investment in urban areas There are more people, a bigger market If it were so, then the banks would have set up their offices there only. Were. Banks are not coming to rural areas Were. Right? So rural areas have banking There were no facilities. A lot of banks are like this

17:08 There are finite groups which are weaker sections it cannot reach our society were getting it. Right? So the government has done this thing who realised that this person is from the venerable There is a weaker section of the society which There is a vulnerable group in the society, whatever you take There is an income group which has less money and whose Income is low and banking facilities are available If you can't afford it then okay What did the government do here? appointed a committee, okay this committee was chaired by Our doctor C Rangarajan cured it and Dr C Rangarajan said no We are here to talk about financial inclusion There is need. so this committee give us the term of Financial inclusion. financial inclusion What happens? This is a process which RBI and government do it. where he is

17:53 These ensure that the vulnerable and the weak Section which has enough credit access So that they can grow. this process to It is called financial inclusion. Now Why is it important? It will be rare that You will be asked about the financial What is inclusion? what from you I will tell you what questions will be asked Am. When financial inclusion was suggested After that how did the committee consider venerable or We provide credit facility to weaker section Deliver it. Provide banking facilities. Right? How by bringing government schemes? How? Bringing government schemes. So this There are many things under financial inclusion Government schemes have come. Three Government schemes are such that they will help you It is important to know about your examination From the point of view. The first scheme is

18:40 Pradhan Mantri Mudra Yojana is PMMY Maybe just give the short form Also remember this from the short form that which There is a scheme, that is our first one Pradhan Mantri Mudra Yojana is a good one This is a kind of Stand Up India initiative In which the small businesses and There are entrepreneurs who undiscover basically Those are the communities that don't have credit This Government scheme reaches him Whatever is inside it gives credit at a low rate. Credit facilities are provided at very low rates Is. Apart from this there are two more schemes. First Our Prime Minister's Security Insurance Scheme PMSB Y. Our second Prime Minister Jeevan Jyoti Insurance Scheme PM Jeeb BY.

19:29 Affordable here at a very low premium Insurance facilities are provided Are. Low income household. those whose income is low They have the facilities available here are provided. Ok? and good The thing is you will be surprised to know that By June 2024 i.e. till last year 2024 Somewhere around 52 crore 52 crore beneficiaries which is here through these schemes Have opened the account. and you know What is the total amount generated 52 2.2 lakh crore after crores of accounts. 2.2 lakh crore and under which scheme is this it? Prime Minister's People's Scheme. So four

20:15 I have told you the schemes here. Right? Let's move ahead. aa me aap books I remember once at the end of the session Get it for you. I can also tell you about the books I will give it. because there has been a Frequent questions about this. so I I will tell you about the books at the end of the session. Ok? Now look at this related kiss This type of question may come. In this you It is asked whether this scheme is related to Which of these is financial inclusion? Is the scheme related to financial inclusion? So this is our correct answer, look PM JD y prime minister pradhan mantri jandhan Scheme under which till now 52 crore rupees have been Accounts which have been opened by June 2024 right then you should know this right

21:00 MNREGA is not one of them MNREGA is Mahatma Gandhi National Rural Employment Guarantee Act is a social welfare scheme make in India and Digital India is not part of Financial inclusion rights move forward. Let us go Let's look at the next concept. Next Our Concept What are Payment Banks? Payment Banks What happens here? Right? ok tell me everything now don't you think it is getting digitized Such a class should also emerge. One such bank Which should come completely digitalized Function in a digitalized way. should come No? Same thing here in our government have also thought about it. Ok? there are a lot of people Pay here currently who is unbanked or under are banked. Anbang means those whose zero I have an account. There is no account. and you

21:47 won't realize actually that very There are many people who do not have a bank account Is. or is their account under banked There are very few people in the family who have an account Is. So here the government said okay. Let's work. we have started a payment bank We do. Ok? So payment bank basically What is it? He cannot give this loan. These Keep this in mind. Here you can open your current account You can get it opened. You can save here You can get an account opened. Look at your own Open a current account. You can invest your savings Open your account. You can avail Mobile Banking Get the services done. This bank cannot give loan Is. Ok? This is a lead by RBI It is an initiative. Right? For this, the RBI A committee was also formed to which I had said this, brother Check out Payment Banks in India Can be established or not. What

22:35 Is there feasibility? There won't be any loss. What will be its outcome and why this committee should be called here Nachiket More had chaired it. this committee Was Chair by Nachiket More. and in india The first payment bank that was introduced was Airtel Payment Bank which was set up In January 2017 and till date total 11 Paytm Bank Payment Banks Sorry I am Paytm Bank I am saying it again and again. 11 payment banks which yes, I have arrived in India. but can anyone You can also establish a payment bank here could it? No. brother who is the depositor, who has his Establishing a current account or Establishing a savings account It is important to secure the amount also. So the first requirement here is that Any company which wants to start a payment bank

23:21 She wants him to have at least 100 crores It is necessary to have capital here. and that As much as required by the banks Banks are not required to maintain CRR It will have to be So here payment banks are also He maintains the CRR. Have to do it. If any foreign company is in payment bank If she wants to invest her interest then she can also it can do but that FDI means our of foreign direct investments It will be regulated under the guidelines. Right? Now Let's see what kind of question it asks you can be asked. you are asked a question What can be the maximum deposit allowed Is? Meaning, if I get any Savings account or current account in payment bank If an account is to be opened then I will open that account What is the maximum deposit I can make? Right? So maximum deposit can be made here is ₹2 lakh. The correct answer is 2 lakhs. you 2

24:08 You cannot deposit more than Rs.1 lakh. And This limit has been set because it The purpose of introducing payment banks is that It can reach those sectors which are currently under Are they banked or are they unbanked? There is no bank account. then 2 lakh The considering amount was a huge deal for Them. So that's why the limit was set to Rs 2 lakh only Has been. You can deposit an amount of more than 2 lakh here You can't deposit it. Right? is this clear? Go ahead? Let us go. Next Concept This is our SFBC what happen? What is SFBS? Listen to SFBS right now on the go Is there AU Small Finance Bank? Have you heard of AU? Finance bank is also quite famous AU is a small finance bank right, so this is

24:54 It is our small finance bank SFBS means SFBS means Small Finance Bank Right which is Basic Banking activities Who provides facilities to whom There are unserved and under-deserved sections, that There are sections as far as banking is concerned Facilities have not been provided yet. Right? it You can deposit your amount here. Yes, you can take a loan. Ok? Then what This is what any regular bank does but small Financial banks cannot do it. this is yours Cannot open subsidiary. this is yours Will not be able to open subsidiary. Ok? Small finance banks are also regulated by RBI He does. Let me give you an example, look at AU Finance

25:41 Bank, Capital Small Finance Bank, Ujeevan SAL Finance Bank, Utkarsh Sal Finance Bank. Right? All the norms of RBI and there are regulations which apply to any commercial These are applicable on banks. like so much You must maintain a minimum cash reserve ratio Have to do it. This is the minimum you have Statutory Liquidity Ratio Maintained Have to do it. That same amount is applicable here The same regulations apply At any small financial bank. Right? Now The difference is that what is here is theirs which has been established for a weaker Sections which are as far as banking facilities are concerned It is not reaching. Right? of good value Let it be some small financial bank If Universal is to be converted into a bank So could that be it? Right? Ma'am now the most

26:29 The big deal is what would have been a universal bank Is? Right? I will answer your question once I finish this topic. Ok? Universal Can it be converted into a bank account? Then Look, the biggest thing would be a universal bank What is? Universal banks are those banks who can deal in all sectors Are. That means you can deal in deposit loans only we can. as well as investing in We can also do a deal. Small Banks Cannot deal in investments. If Converting a Small Bank into a Universal Bank If you want to convert then there is a requirement for that That they will earn profit for at least 5 years I will have to perform. His last 5 Their track record of the year is looked at Of performance. After that, if the RBI When he is satisfied, he opens a small bank convert it into a universal bank Gives. A bank is one such bank which Exception has been received. Who is he?

27:17 UCB. Right? In Fact Small Financial The bank which has the minimum paid up amount What is the capital requirement for your You should have enough capital that is 200 Ten million. Minimum paid up capital of Rs 200 crore It will definitely happen. There is a bank which The exemption given here is UCB. UCB means Urban Cooperative Bank which Under the Co-operative Society Act have been established. Urban Cooperative 200 crores paid up to the bank here There is no need to maintain capital. Right? good small finance bank What is the purpose of establishing it? Weaker section, undriv section which is yet unband What do you say? There are people. Right? up to which Banking facilities have not reached

28:03 Those who cannot access credit Unserved people get credit for what they deserve Facilities were accessible. so because of this another There comes a mandatory requirement that these Banks have to give their 75% The amount which is given on credit, which is given on loan They give priority to sector lending I will have to pay it. PSL gets priority Sector lending. Priority Sector What is lending? This is what we did in our last session I had discussed which video is available It is on our channel. Priority Sector Land This is your agricultural education. Right? Where it is usually available at lower rates Housing where loans are given at low rates Let's go. Usually commercial banks don’t Prefer giving banks to the do this section. Because the rate of interest is very low

28:48 Is. These are called priority sectors Lendings. Right? So Small Joe Banks There are finance banks, 75% of them are in these Landing is a priority Should go near sector landing. These This is the guideline of RBI. Right? Let's see now What type of question can be asked from you on this Can. You may be asked questions that which of the following is a small finance Bank? Which of these banks is a small finance bank? Is it a bank? Is HDFC SAL Finance Bank? No. Is Axis Bank SAL Finance a bank? Is? No. Is SBI a Small Finance Bank? No. So what's left? Ujivan Bank. so here Pay the correct option is C. ujeevan bank is the Small Finance Bank. Right? Let's move on to the next topic which is your what are

29:34 Bad banks? What are bad banks? Before understanding bad banks, understand NPA What is that NPA? NPA R Non Performing asset. where the bank's profit Where is the most generated from? when he Then they give loans. Right? the more you You will give a loan, when the loan comes back, then what you will get The interest which is expressed as the rate of interest The amount received is the bank's profit Is. But if the person does not repay the loan So if you default then your EMI will be paid on time If you do not pay then the type of account which is became a non performing asset for the bank That means NPS. Right? so which Public sector banks have their NPS The entity set up to do the deal it is your responsibility to try to The maximum amount which we can recover

30:21 Give it to us. they are called bad Banks. Bad banks have responsibility Resolving NPS and as much as possible The maximum amount possible To recover. Right? Now you know bad How could you get bankrupted? First of all The initiative was taken by the government itself. The government released the Economic Survey in 2016. It was done and they reached that result that we have bad banks brother Should be established. Ok? but he never Also could not be formalised. That means that Could not happen in reality. so finally All the banks that used to exist As many banks exist today they used to do it they themselves decided that a we do the work, we establish it Are. Ok? So here the banks came together

31:07 A bad bank has been established which can be Banks do exist in India The government did not do this and this bad bank The name is NARCL NARCL see here on a topic Your two topics are being covered. What is the full form of NARCL? National ASSET RECONSTRUCTION COMPANY LIMITED. These It is established in the Sarfaesi Act. Right? and to establish it Who gives the guidelines? Who is registered does it? again rbi reserve bank of India means banks together came up with the idea I proposed. Finally the banks got together and Established NRCL. NARCL which is under established RCC act is done by the authority of the Reserve Bank

31:54 Of India. This is the kind of company that It is incorporated under the Companies Act. After getting incorporated, it took loan from RBI Certificate of Registration is taken under SARFAESI Act and its Works as a Bad Bank Where this bad means loan amount i.e. NPS tries to recover. Right? and mostly whatever is there in it stocks are owning it, that is what Our Public Sector Banks. Right? Now Look what kind of question was asked of you here May go. You may be asked to What is the full form of NARCL? Right? So Remember its full form National Asset THE RECONSTRUCTION COMPANY LIMITED. Right? Let go Move ahead. A let's go.

32:41 Come on, someone ask me a question. Ma'am Dee Do They operate only in rural areas? yes they do. Right? Your next question is NARCL What is this not? Before this your old This is the question which I am answering. So Please do not relate to this. Ok? Next question is what is NABARD? What is NABARD? Ok? ok tell me If you do not establish your own bank. Ok? You know you can get a housing loan Will you give me education loan, agriculture loan You will give me a very low rate of interest will come. Your money is stuck there Will go. Meaning the money is stuck there that it will take 5 years now and then your money will come back. Isn't it? and also the rate of interest It is coming less. Whereas you are a big company If you give loan to those who have business then you will get You will get a good rate of interest. Right?

33:26 so as a commercial bank what are you would you prefer it? in the agriculture sector Investing or big companies here Providing loans to the corporate sector. Right? So Obviously you will choose corporate sector loan In giving. Right? there came a time like that Where the agriculture sector is there It was ignored so much that V Realize that to boost agriculture There is need of loan and credit for this also And we call them commercialized banks Cannot push commercialised banks You can't push beyond a limit and agriculture sector which is rural area there is actually credit and If you need a loan then finally come here Our government realized and NABARD got established, NABARD's full form is National Bank for Agriculture and Rural development whose focus here is rural

34:13 The focus is on the development of the sector Here finance for agriculture should be provided and in rural areas Development should be brought. head of nabard Quarters are in Mumbai. Right? The parliament passed an act and this is a bank through an act i.e. a Established through statute. So This bank is a state body which was established in 1982. was established and the name of the act is National Bank for Agriculture and Rural Development Act 1981 right is it who supervises it as much as Cooperative banks also exist All the RRBs i.e. Regional Rural Banks exist like NABARD He supervises here. Right? butt here Look at Reserve Bank of India. Ok?

35:02 Now what is the role of Reserve Bank of India Is it in NABARD? So with the coming of NABARD Earlier a committee was formed which was India had established it. of this committee I will tell you the name. Committee Two Review the Arrangement for Institutional Credit for Agriculture and Rural Development. Right? Crafty Cards. this committee It was established by RBI. of the same committee An act came on the recommendation and under this act through which nabard sorry was established Went. This committee was to be headed by Shri B Seeman Right, he headed this committee. Right Now Moving Ahead With the Next concept sorry what type of question is this He can see for what purpose NABARD is working

35:47 is it established for? nabard vaz set up to a to monitor urban housing, b SEBI to regulate, C to finance agriculture and rural development or d to manage mutual funds. the correct answer is to Finance Agriculture and Rural Development. For this very purpose NABARD has to was established. Right? Let us go. Now Moving ahead with the next topic. What Is it SIDBI? SIDBI what happens here? Right? So the full form of SIDBI is small Industries Development Bank of India. it That is the bank which was established. Such as micro, small and medium These are enterprises of this RR First micro then small then

36:32 They are medium enterprises, right? to give them credit, to give them loans this bank, this bank was established Had gone. When was this established? Seconds Off in April 1990. There is an act for this too came to parliament and then sidbi was established. Ok? SIDBI is owned by does it come under? So SIDBI is our Finance Ministry i.e. Ministry of Finance comes under the Government of India whose work is micro small and medium MSME MSMEs is what we call. Give them credit and funding here. Right? Initially whatever it is it is on Industrial Development Bank of India used to do it But now it is not its head quarters

37:18 is in Lucknow, Uttar Pradesh, right? This type of question can come here on SIDBI Supports Whom SIDBI supports Foreign trade to large industries to micro, small and medium industries or then agriculture so the correct answer is Microsmall and medium industries now If NABARD was written here instead of SIDBI It would have been written. Ok? then what is the correct answer Would? Then the answer would be agriculture. Rural There is development also but here in option only Wrote agriculture. then it would have been the correct answer Agriculture. Right? Moving On To The Next The concept is what is RBI Integrated Embedding Scheme? RBI Integrated which is also known as RBI OS Is. What is this? Right? So look at India

38:04 Three types of major banking facilities which used to exist now look where it is Banking facilities are existing There will be problems as well The right consumers will come, which are people like us they would also have grievances that the bank has The bank did not give me my money, this is the problem The bank created that problem right if someone I have faced some problem, let's assume that I am a friend Of course he got scammed on his credit card okay so he got it with a credit card The money was deducted forcibly. it was a Scam. We went to the bank. Right? We Talked to the bank. The bank is helping us I was not doing it. So many times it happens that Banks are the ones who solve the grievances of consumers Can't solve it. So in that case you What would you do? Will you go to the police station or court? If you go, the matter will get prolonged. so such

38:50 RBI is the only authority to which one can go You can get your grievances resolved You can. Right? Under whom? RBI Under the Embedment Scheme. Right? means one There is an authority that we call Ambudgement which is a concept from Sweden Remember it came out. Sweden Was The One The country that gave the concept of ambiguity Was. One Authority to Regulate Our Others Government authority. here we only And only banking embeddings exist He does. so here is what is different Embedment schemes had come. Ok? Three The embedment scheme had come. you should know Needed The first is our RBI banking Embezzlement Scheme which is banking related Grievances are resolved under this scheme Was. The second was the embattled scheme for NBFCs which are non-banking financial Companies that are related to what we just saw

39:36 Grievances are those which are under the rail of this scheme It used to happen. The third was our embedment scheme of Digital Transactions of 2019. as many as Digital transactions have happened which we call digital Do transactions, make UPI payments They used to have roles in this scheme. Only RBI's ambassadors can resolve all of them RBI resolves appointed embezzlement Were. Right? Now these are three different schemes Then whatever is there was put in one place. call him As of today RBI is integrated Ambutment Scheme. where the consumers The complaint is heard. if in service If there is any deficiency. Ok? Whether he The service is provided by the bank, NBFC are you providing it or any other Prepaid instrument player, any Digital facilities are provided here

40:22 It is being done. Ok? If banks, NBFCs Or additional players will be resolved within 30 days If you are not able to do it then you can use this scheme which is By invoking the resolution from RBI You can ask for it on RBI's website It is a simple portal where you can go You can register your grievances yes. Right? These three schemes in one place What was the reason for doing it? That was One Nation One Embedded approach. Right? then the question comes I could remember that. Ok? The approach was that There should be an embarrassment in a nation. For this reason, RBI has merged all the three schemes. The integrated scheme has been launched. Right? Who looks here? of the RBI The executive director is an apparatus There is authority for the integrated scheme

41:09 Under. Right? Now see what kind of question it is Here you may be asked about banking Who manages the embezzlement scheme? SEBI, NABARD, IRDAI or RBI? So the correct answer is RBI. manage it Our Reserve Bank of India does this. Right? Next question. next topic is A What is CBDC? CBDCs are here What happens? Right? so in the last session We read what bank notes are Are? Bank notes mean those notes which RBI generates these which we consider legal Accept the tender. That means death can happen anywhere To make any payment These notes are sufficient for this. We use these Can do it. Right? so are we somewhere You can also use digital currency

41:55 What? You can definitely do it. Right? those That is called CBDC i.e. Central Bank Digital Currency. That is, the one approved by the bank Currency which is bank approved. Central Bank means RBI and not any other bank RBI. It is RBI approved. So that is one becomes legal tender. So this is that currency which is available in digital form which Approved by Reserve Bank of India Is. That is CBDC. We can also call it e-rupee They say. It is also called e-rupi. and its that It has the same value as fiat here The currency is in Indian Rupees. Ok? You use it the way it is You can do it. Fiat currency means national

42:40 Our currency is Indian Rupee, we call it fiat Also called currency. it has a synonym They. Ok? Which was the first country to do so? Who launched e-currency? So Bahamas Vas The first economy to have its own digital currency That means they had launched their e-currency which The name was Sand Dollar. it was launched In 2020. Then Nigeria was another The country which has made its digital The currency was launched and its name is e Naira. And right now whatever is in the world is India and China Became the first major economy. Look at these two It was Bamas who first did this but Bamas is not a major economy right this is a Major economy right here, so China

43:27 There is a major economy that has adopted digital currency has launched its name is ECM Y and this It has also been launched in 2020 yes it is a valid it is valid a best because look here this rbi It is backed, it has got legal tender That is why it becomes valid right let's now moving on to the next is What type of question can come on You may ask the full form of CBDC So what is the full form of CBDC? The full form of CBDC is here Central bank digital currency is okay Let us look at the next topic, the 12th topic is your what is ifsc now this ifsc There is no IFSC with the code. Ok? IFSC code is different. When we tell someone

44:13 If you give bank details then your bank account Along with this they also give IFSC code. They IFSC code is different. This is the second IFSC Is. Don't be confused. Ok? these IFSC The full form of is International Financial service Center. Right? This is a kind of center which has been opened by the government Whose job is every financial product. Ok? As if there was any security, Any deposit made, any Contract of Insurance is done, any Financial services have become services which or any financial institution It has been done, who has approved it? Approved by Reserve Bank of India Or SEBI i.e. Security and Approved by Exchange Board of India The authority which has the job of regulating it What it does is our international financial

44:59 service Center. Right? It has nine members There are. and appoint these nine members who does? The central government does it. Who are those nine members? so one then They have a chair person who directly He comes after being appointed from the Central Government Is. Secondly here since it is RBI approved IFSC's responsibility is to regulate the products There is work. so what is it automatically that He is a member of RBI and he is a member of IFSC It happens. SEBI approved products IFSC also has the responsibility to regulate Is. Right? So automatically whoever is a member of SEBI He is also a member of IFSC here goes. insurance in the same manner Regulatory and Development Authority i.e. Products of RDI. Ok? pension funds Regulatory and Development Authority PFRDA's product regulation

45:46 There is IFSC work here also. So their Members are also automatically registered with IFSC becomes members. In addition, two There are members who are here to finance Coming after being appointed from the Ministry of Finance and there is one member who has been selected The committee appoints. so, these are nine Members. one member is a chairman appointed By the Central Government. second is the Member of RBI. third is the member of SEBI. Fourth is the member of IRDAI. Right? Fifth is the member of PFRDA. sixth and seventh are the members of your finance ministry and one comes from Your selection committee. Did I miss one? No, I covered nine. Right? One chairman, one RBI, one SEBI, one from

46:32 Your pension or one from RDI, one from pension, to from finance ministry and One from the selection committee. Right? so these are going to be a nine members that's your They come after being appointed for three years. these 3 They come after being appointed for a year. Ok? Their maximum 10 years is nine years. Sorry 3 years. Right? What kind of in this Can questions come? Look here you You may ask where the IFSC is located Is? Ok? So Ahmedabad means technically So, I will not tell him even Ahmedabad. Instead of Ahmedabad it has become Gandhinagar. There is a place in Gandhinagar. any of you If you had gone to Gandhinagar like I have been there many times yes because my graduation is from there. So I know there's a place called We say Gift City. GIFT CITY.

47:17 IFSC inside GIFT City in Ahmedabad Whatever it is, it is located. so were exactly The IFSC located? it is located in Gandhinagar Gift City. Gift City End Gandhinagar is one of the plant cities. Beautiful very beautiful. you on the streets You will see fewer people. Government There are a lot of offices there. and it's a Plant City. Right? The gift city there Your IFSC is located here. Ok? let's go to the next topic what is it Project Empowered? Project Strong here What is? Right? So let's take a look at this. One A committee was formed. Ok? who is the one to Was the chairperson of Punjab and National Bank Chairman Sunil Mehta. Ok? told them It was said that there are public sector banks

48:04 No, a lot of their NPS are going away. That is, your non performing assets can go have been. So those non performing to reduce assets which are back what can we do to get the amount from Are? what can we do to reduce the NPS? Right? So here Sunil Mehta said Recommendations were given. of those recommendations Basis pay five strategy plan launched Was. what do you call that plan which He had got the five strategy plan, right? Here it is called Project Sashakt. Project Special in which five strategies It was told how you can go public Sector banks can deal with their NPS Can be done. It has been established by the Government of India It was launched in 2018 so that all the stressed assets i.e. any non

48:50 Performing assets that can be reduced In a public sector bank. what was that Guidelines? What is that strategy? So Look, first of all it says that any loan is Whose price is less than 50 crores That is, for a loan amount of less than Rs 50 crore You can set up an advisory board within the bank Make it and give them a deadline of 90 days Whatever it is, deal with that NPA. Correct Is? Any loan amount which is more than Rs 50 crore So it is a lot but less than Rs 500 crores. Correct Is? So in such a situation you are the one who is the settlement Make a strategy. create a bank yourself Settlement strategy and try to do 180 days so that that amount can be settled and If the amount is not settled within 180 days If possible then you can reach out to NCLT

49:36 National Company Law Tribunal and Why NCLT's such a huge amount which is usually It is given on loan only to companies. Correct Is? The third thing was that if Well, that amount is more than Rs 500 crores. Correct Is? So it's a simple thing brother. now you are here Reach out to Pay AMC. The ANC means Asset Management Company. Asset Management Now the company will get your NPA released from you. will give and support it will alternate investment group i.e. AIF and if Some amount is more than Rs 500 crore. Right? for assets bigger than and here is what The AMC is fully compliant with the National Company Law Tribunals and Insolvency and Bankruptcy You can also use the code if the

50:22 The amount is more than 500 crores, this is major guidelines were given guidelines were given Strategies were given to recover NPS for off public sector one and the what is called under the project A guideline was given, we call it Project Empowered Ok? What type of question will you be asked could it? So you may be asked Project Sashakt Deals With A Financial A Inclusion, B Bank Merger, C NPS End Bad loans or de bank privatization. So, the correct answer is NPS and bad Lons. Right? Come on, moving on to the next Question. the next concept which is What is Lead Bank Scheme? Lead Bank Scheme

51:10 What happens? Right? So look, Urban There are many banks in the areas. Urban People in the area are aware. give can Directly reach up to the bank and avail the Facilities. Rural and Specifically Remote There are fewer banks in rural areas. Right? and are in very much the same area Are. Right? So, in such a situation, the government We realized that if we give this to any one bank Will give you the responsibility to cover this whole area has to be done so that area which will be covered to a large extent and everyone Banking facility will be available near you. Right? Which is called service area approach. Where this responsibility was given to a bank She goes. Right? So look here first A committee was formed. Ok? Ok?

51:56 It was created by the Reserve Bank of India which was chaired here by Mr. F.K. Nariman also known as Narman Committee. He endorsed the idea that We should work on area approach. The government did not act on it. after In which again a committee was formed which was called It goes to the Guardgill Committee. Guardgill Committee Or the Guardagill Study Group. Ok? Also known as famously Bankers Committee Is. he introduced it then From. Ok? Thereafter the Government I realised that we should do this too. So Finally, in 1969, that was the lead bank. He had come up with a scheme. Here a bank has to pay a The area is assigned. Basically, The entire district is assigned Public Sector Banks. Right? that you are who The whole of this area is here

52:43 take care and introduced it The Reserve Bank of India. Right? How? What questions can be asked of you here Are? You may be asked about Lead Bank Scheme Who introduced it? NABARD has RBI, SEBI or Insurance Regulatory Development Authority of India did? The correct answer here is RBI. These It was introduced by RBI. Remember the year Please keep it. 1969. Ok? Let us go. Now the last topic of the day. I guess this is the last topic. Yes. The Last Topic of the day BBPS what happens here Is? What exactly is BBPS? Correct Is? well i don't i'm pretty sure All the aspirants will have

53:30 You might not have seen that time. I had seen. so my mother used to say to my father Paying the gas bill. Paying the water bill. Correct Is? Gas bill, water bill and gas bill No, that means the cylinder would have come. of water on Pay the bill. Ok? a DTH bill Filling up. Right? paying the phone bill, phone bill One had to stand in line for the bill also. So You had to go personally and stand in line It used to be required and you used to pay the bill. look very much It is a time consuming process. Papers and so on He was also quite involved in that. Receipt I used to get it. Ok? and much labor and more She used to get involved. If you do it manually. Now everything has been digitalised. then home again You should fill it in one go while sitting All loans. That means the entire bill is sorry, house It should be filled while sitting. so we are private

54:15 We do it easily in this sector. As If I have postpaid Airtel then I I will pay it through Airtel app. But if There are government services. Ok? like your Here also the gas pipeline is coming from the government Is. If you have Government ETF invested here It has happened. You can get a government postpaid number You are using it. Isn't it? in that case what would you will you do it? Ok? Does the government also have any such provides facility where we are a You can pay all your bills at one place. Yes. It is called Bharat Bill Payment System. Ok? This is a kind of payment channel Where basically the RBI has I have started it and conceptualised it. Ok? Where you can pay all the bills. But to regulate it is wrong But now it is here in day to day function Who takes it? Conceptualize it basically

55:01 RBI gave the idea. For him Who brought it into reality? her reality I brought it from NPCI. Ok? NPCI means National Payment Corporation of India on which idea is it based? It is based on this idea Stop Payment Anywhere Any Time. Right? One The only place where you can pay all your bills you can at any time, anywhere Time. Right? A bill collection here There is a category. Here you can check your electricity bill Bills related to telecom bills, mobile bills Post paid bills, DTH bills, Gas bills, Pay all your water bills in one single window You can do it. Right? RBI work is going on right now Used to be. such as school fees, university Fees, Municipal Taxes. Ok?

55:48 Mutual fund payments or Payment of insurance or government tax Also here you can fill it on this one platform you will find it. Ok? This discussion just came up This is not RBI will incorporate, it is fine This platform is called Bharat Bill The payment system is fine, let's see what happens BBPS may come with this type of question Who operates BBPS? Does it work like IRDAI, SEBI, NPCI or SIDBI had come up with the idea for this RBI but who will take this into reality now? come who operates this NP PC NPCI to correct answer is NPCI right This is all your 15 topics of the day. Right?

56:34 Last week we did 15 topics. Today We have covered 15 topics. We target There should be two sessions in a week where I will ask you to cover at least 15 topics in each session. so that if we do 30 in a week We will also discuss topics. so by the end of second week i.e. of your August Next week yours will come we will be able to Finish 60 topics. Right? ok but this is it There is only and only banking awareness. Apart from Banking Awareness your Prelims There are many important things in it. For you Current affairs are important. For you Logical reasoning is important. For you English is important. and only You will not only go to prelims but also to mains There are 30 plus subjects. How do they all Will you do the deal? So look for that in one stop

57:20 Solution. so we will soon we will soon We will bring crash course for IBPS SO. and also what we're running right now That is our IBPS SO Law Officer Selfie based batch. that means here you have All related to prelims mains Subjects which are available at one place Will be. That means English, Reasoning, There should be general awareness in which your static Topics related to GK and current affairs Or it may be mains. Ok? 30 plus Recorded lectures of all subjects are available here But you will find them. Ok? This Self Pace If so, there will be recorded lectures here. You See it at your base, at your convenience Can be done. Doubts will still arise. then doubt We have 24 hour doubt clearing facility for It's a session. where you can learn from the faculties i.e. Reach out to us directly to clear your doubts

58:05 You can get it rolled. And that's not all you Study material will also be available. this is the pdf you You are asking, do you need study material? will get. Where you have English, Reasoning, General Awareness, Static & Current and Law There will be complete study material related to and lots to practice as well All Practice Tests, Mocks & MCQs will also happen. And you can complete this entire course on your Can run on base. So even if still If you have not enrolled then enroll yourself. Right? If you want to enroll in a crash course then crash Enroll in the course. But now your Speed up your preparation a bit and Start working on your preparation. Right? Let me tell you one more good thing. look you are regular Take the Government Law Officer course or else You either take a crash course or you can self-study

58:51 Take a based course. You are this discount You can use the coupon of ₹. all you have to do Is it right? L e a c y t and you flat Use 10% off on any of our courses Can be done. Right? So what are you waiting for? Start the preparation. Right? See if If I talk about books then here Divya I have read important resources and books I have already taken a video of it which is of our It is uploaded on the channel. A little back search If you do it then prepare for IBPS SO Specifically I mentioned important resources Let's discuss. Not Just for Men Discuss for prelims and mains also Are. You should go back once and see that You will get the video. Right? so i hope this The problem is solved. in that whole video

59:38 I have discussed each subject or topic in detail Resources discussed for you Are. Right? so i hope you like the session which where we covered the concepts of Banking Awareness. next session like this because So far we have covered only 30 topics And how many do we have to cover? 100 topics. Right? So we will do the next session like this next week We will bring the next 15 Will cover the concepts. But you know How will it work, when is it coming? so what for him have to do it? Subscribe to the channel. First First thing is subscribe the channel from which You will know when the next session is Going to do. Next session will come next week. Right? So subscribe to the channel now That you can get the notification. and if you Like this session then share it, like it. But Comment mostly. Right? you commented

1:00:25 Only then we were able to bring such a session Are. Now the next thing that you think It helps you in your preparation It can be done and it is necessary for you. Please comment and tell me which one is this subject, what is that concept, who This is an area where you will find our Is it needed? And we will bring that session for You. So keep commenting. Right? end if If you have any doubts related to the course or any Whatever query you have you can always reach out to us on 6363 286363 write and I will see you next week guys Subscribe with the session and you will know when will the session come right see you guys keep it up till next week study and study hard right bye thank you you everyone

1:01:34 So