Banking Awareness for Bank Exams

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Banking Awareness Mastery (Professional Level)

Banking Awareness is a crucial section in bank exams. Questions are concept-based and require regular revision.

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1. Reserve Bank of India (RBI)

• Central Bank of India
• Controls monetary policy
• Issues currency
• Regulates banks

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2. Types of Banks

• Public Sector Banks
• Private Sector Banks
• Regional Rural Banks
• Cooperative Banks

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3. Monetary Policy Tools

• Repo Rate
• Reverse Repo Rate
• CRR (Cash Reserve Ratio)
• SLR (Statutory Liquidity Ratio)

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4. Important Banking Terms

• NEFT → Fund transfer system
• RTGS → Real-time transfer
• IMPS → Instant payment
• NPA → Non-performing asset

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5. Digital Banking

• UPI
• Mobile Banking
• Internet Banking

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6. Static Banking GK

• RBI established → 1935
• Headquarters → Mumbai
• SBI Chairman → Important

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7. Shortcut Tricks

• Revise daily
• Focus on current updates
• Make short notes
• Use MCQ practice

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Speed Strategy

• Study 10–15 concepts daily
• Revise weekly
• Practice MCQs
• Focus on important topics

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Practice Questions

1. What is Repo Rate?
2. Expand NEFT
3. RBI established in which year?
4. What is NPA?

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