Good Morning
Dear Candidates,
Purpose :To prepare for written exam of SBI JUNIOR ASSOCIATES (CLERK)/ PO/IBPS PO/CLERK/RRB PO/ASSISTANT.
Must spend one hour for this section.
Out of this one hour :
Spend 15 min : visit following very useful website,:
http://bankinterview.in/
on home page you will link for 600 important questions on banking/financial aspects. click that
Learn following :
Dear Candidates,
Purpose :To prepare for written exam of SBI JUNIOR ASSOCIATES (CLERK)/ PO/IBPS PO/CLERK/RRB PO/ASSISTANT.
Must spend one hour for this section.
Out of this one hour :
Spend 15 min : visit following very useful website,:
http://bankinterview.in/
on home page you will link for 600 important questions on banking/financial aspects. click that
last year in all banking exam most questions came out of these questions only.
you must cram min 15 Questions out of these 600 QA today.
Spend 30 min :
read any current affair magazine
Spend 15 min:
What is Commercial Paper ? Define Commercial Paper ? or What is the meaning of Commercial Paper in India ?
Commercial Paper (CP) is an "unsecured money market instrument issued in the form of a promissory note". These are not usually backed by any form of collaterals and is allowed to be issued only by corporate with high quality debt ratings. Commercial Paper were introduced in India in 1990 with a view to enable high rated corporate borrowers to raise short term borrowers by this additional type of instrument which was till that at time was not available in India.
Who are Eligible to Issue Commercial Paper (CP) in India ? :
Companies, PDs and FIs are permitted to raise short term resources through CP.
A company would be eligible to issue CP provided:
(i) the tangible net worth of the company, as per the latest audited balance sheet, is not less than Rs.4 crore;
(ii) the company has been sanctioned working capital limit by bank/s or FIs; and
(iii) the borrowal account of the company is classified as a Standard Asset by the financing bank/institution.
Who Are Eligible To Invest in CP ? :
Individuals, banks, other corporate bodies (registered or incorporated in India) and unincorporated bodies, Non-Resident Indians and Foreign Institutional Investors (FIIs) shall be eligible to invest in CP.
FIIs shall be eligible to invest in CPs subject to
(i) such conditions as may be set for them by Securities Exchange Board of India (SEBI) and
(ii) compliance with the provisions of the Foreign Exchange Management Act, 1999, the Foreign Exchange (Deposit) Regulations, 2000 and the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, as amended from time to time
What are the rating requirement for issuance of Commercial Paper?
Eligible participants/issuers shall obtain credit rating for issuance of CP from any one of the SEBI registered CRAs. The minimum credit rating shall be ‘A3’ as per rating symbol and definition prescribed by SEBI. The issuers shall ensure at the time of issuance of the CP that the rating so obtained is current and has not fallen due for review.
Commercial Paper (CP) is an "unsecured money market instrument issued in the form of a promissory note". These are not usually backed by any form of collaterals and is allowed to be issued only by corporate with high quality debt ratings. Commercial Paper were introduced in India in 1990 with a view to enable high rated corporate borrowers to raise short term borrowers by this additional type of instrument which was till that at time was not available in India.
Who are Eligible to Issue Commercial Paper (CP) in India ? :
Companies, PDs and FIs are permitted to raise short term resources through CP.
A company would be eligible to issue CP provided:
(i) the tangible net worth of the company, as per the latest audited balance sheet, is not less than Rs.4 crore;
(ii) the company has been sanctioned working capital limit by bank/s or FIs; and
(iii) the borrowal account of the company is classified as a Standard Asset by the financing bank/institution.
Who Are Eligible To Invest in CP ? :
Individuals, banks, other corporate bodies (registered or incorporated in India) and unincorporated bodies, Non-Resident Indians and Foreign Institutional Investors (FIIs) shall be eligible to invest in CP.
FIIs shall be eligible to invest in CPs subject to
(i) such conditions as may be set for them by Securities Exchange Board of India (SEBI) and
(ii) compliance with the provisions of the Foreign Exchange Management Act, 1999, the Foreign Exchange (Deposit) Regulations, 2000 and the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, as amended from time to time
What are the rating requirement for issuance of Commercial Paper?
Eligible participants/issuers shall obtain credit rating for issuance of CP from any one of the SEBI registered CRAs. The minimum credit rating shall be ‘A3’ as per rating symbol and definition prescribed by SEBI. The issuers shall ensure at the time of issuance of the CP that the rating so obtained is current and has not fallen due for review.
SOME MARKETING TERMS IN BANKING:
CRM: Customer Relationship Management. Data base is created by bank of existing customers and based on data mining it is used for marketing of products
Direct Marketing: Banks have a large customer base. most banks offers their products directly to their existing customers. this can also be used on prospective customers.
Types of Direct marketing:
1) face to face talk with customer and telling him about the features of product.
2)Direct Mail Marketing: details of product sent to customers on the basis of email address available with bank.
3)Telemarketing: bank approaches customers through its call centre and tell the customer about the product.
Unique Selling Points: Telling unique feature of a product to its user.
Direct Marketing: Banks have a large customer base. most banks offers their products directly to their existing customers. this can also be used on prospective customers.
Types of Direct marketing:
1) face to face talk with customer and telling him about the features of product.
2)Direct Mail Marketing: details of product sent to customers on the basis of email address available with bank.
3)Telemarketing: bank approaches customers through its call centre and tell the customer about the product.
Unique Selling Points: Telling unique feature of a product to its user.
For written exam/ interview guidance , you may contact:
ANIL AGGARWAL SIR ( P.O. 1982 BATCH)
EX CHIEF MANGER ,PUNJAB NATIONAL BANK.
Mobile: +91 9811340788
E-mail ID: anilakshita@yahoo.co.in
Office: Flat #49, Trilok Apartments, Patparganj, I.P. Extension, Delhi-110092.
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Website: http://bankinterview.in/
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