The book “Banking Digest for Young Bankers” is a handbook on banking knowledge for day to day branch working. To meet the requirement of a new generation of bankers a need was felt to equip them with the ethics of banking. This book has been written especially for the young staff members.
The book will be very helpful for the preparation of bank's Promotion Test and Interview for scale promotion. It will be of great help to the new entrants also in the banking industry especially for their orientation to the core operational areas of banking.
The book has many unique features and consists of all the topics required for day to day banking with clear concepts & simplified language with latest updates. It comprises entire banking knowledge in six Modules such as: ‘Indian Financial System’, ‘Functions of Bank’, ‘Credit Management in Bank’,
‘Accounting Systems in Banks’, ‘NPA and Recovery Management in Bank’ and ‘Banking Technology’. It also contains the latest changes in banking and financial sectors up to 30th September 2020.
It is a very useful book for day to day Banking operations and all knowledge-based examinations in banking. It is trusted that this book will be beneficial to all young workers in the banking sector.
Table of Contents
MODULE A: INDIAN FINANCIAL SYSTEM
Indian Banking System, RBI Act, 1934 and Functions of RBI, Role of Money Markets, Debt Markets & Forex Market, Mutual Funds & Insurance Companies, Bancassurance & Irda, Risk Management, Basel Accords.
MODULE B: FUNCTIONS OF BANK
Customer Service in Bank, Anti-money Laundering (AML) Standards & Know Your Customer (KYC) Norms 2019, Opening Accounts of Various Types of Customers, Various Deposit Products and Services, Nomination Facility in Bank Account and Claim Settlement for Deceased Accounts, Negotiable Instruments Act 1881, Banker-Customer Relationship, Payment & Collection of Cheques, Ancillary Services (DD, NEFT, RTGS, EBT, SDV Lockers, Govt. Business), RBI Clean Note Policy, Know Your Notes & RBI Note Refund Rules, Financial Inclusion & Financial Literacy, Preventive Vigilance in Banks, Frauds Classification & Reporting In Bank, Security Measures In Electronic Banking, BCSBI & Fair Practices Code For Debt Collection 2018, Consumer Protection Act, 2019, Banking Ombudsman Scheme, The Right to Information Act, 2005.
MODULE C: CREDIT MANAGEMENT IN BANK
Types of Credit Facilities, Customer Due-diligence & Credit Monitoring, CIBIL, Credit Information Companies (CICS) In India & RBI Default List, Principles Of Lending, Working Capital Assessment And Repo Based Lending Rate (RBLR), Priority Sector Lending, Micro, Small and Medium Enterprises (MSME) & CGTMSE, Credit Cards, Home Loans, Personal Loans, Consumer Loans, Agricultural Finance, Government Sponsored Schemes, Self Help Groups, Bank Guarantees and Indemnities, Letters of Credit, Factoring, Forfaiting Services and Forward Exchange Contract, Laws Relating to Bill Finance, Documentation, The Law of Limitation, Types of Securities and Their Characteristics, Types of Charges on Securities in Loan Accounts.
MODULE D: ACCOUNTING SYSTEMS IN BANK
Basic Accountancy Procedures, Depreciation and its Accounting, Calculation of Interest and Annuities, Bond and calculation of YTM, Capital Budgeting, Foreign Exchange Arithmetic, Bank Reconciliation Statement, Balance Sheet Equation, Preparation of Final Accounts, Ratio Analysis, Final Accounts of Banking Companies.
MODULE E: NPA MANAGEMENT AND RECOVERY MECHANISM IN BANK
IRAC Norms And Non-performing Assets, Redflagged Accounts (RFA), Wilful Defaulters & Non-cooperative Borrowers, Recovery of Debts Due to Banks And Financial Institutions Act, 1993 (DRT Act), The Legal Services Authorities Act, 1987 (Lok Adalats), SARFAESI Act, 2002 and CERSAI, The Insolvency and Bankruptcy Code, 2016.
MODULE F: BANKING TECHNOLOGY
Essentials of Bank Computerization, Role of Technology Upgradation And Its Impact On Banks, Payment Systems and Electronic Banking, Data Communication Network and EFT Systems.
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