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Indian Banking Structure

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Indian Banking Structure BHOPAL DATE : 08-04-2019 Dear Comrades, Booklet for Officers’ Test A Unique & Innovative Step It is a matter of immense pleasure for me to know that, like every year this year too, Central Zone Committee, All India Oriental Bank Officers’ Association, is publishing ‘the Study Material 2019’ for the forthcoming officers’ Tests. It is a wonderful creation compiled with utmost precision and perfection with a definite purpose for the benefit of our members. The subject matter of the booklet is a rare collection and compilation of information for the sole purpose of forthcoming officers’ tests and interview. I am confident that the booklet will prove to be highly useful to the candidates appearing for the test and interview. I heartily congratulate the entire team of Central Zone Committee for presenting this booklet and wish them success in all such endeavours in future. I wish the aspiring candidates all the success Yours Comradely, (D. K. Pauddar) President, MPBOA All India Oriental Bank Officers’ Association (Study Material for Promotion– 2018) (updated till 31.03.2018) 2 CENTRAL ZONE COMMITTEE – (AIOBOA) C/O Oriental Bank of Commerce Circle Office: Bhopal __________________________________________________________ BHOPAL/2019/ 08.04.2019 Dear Comrades, Study Material – Promotion Test 2019 We are pleased to present the Study Material for the upcoming test and interview. The contents included in the booklet finds a wide coverage of latest/ current as well as basic banking know how. This presentation in booklet form is going to help the candidates in updating their knowledge as well as for facing the written exam/interview for promotions with confidence. We look forward to the best use of this booklet in your hand so that the purpose of the Association is fulfilled and your progress remains unhindered. Although we have taken due care while compiling this booklet, members are advised to refer the different relevant guidelines issued from time to time. We wish the aspiring candidates all the success. With best wishes, Yours comradely, B.C. Paunikar Sanjay Verma General Secretary President Our beloved institute OBC Zindabad Workers unity Zindabad All India Oriental Bank Officers’ Association (Study Material for Promotion– 2018) (updated till 31.03.2018) 3 I N D E X Sl. Page T O P I C No. No. 1 Important Points From Circulars 05 2 Important MCQs – Bank’s Deposit Schemes 24 3 Important MCQs – IT & DBD 38 4 Important MCQs – MSME CREDIT 49 5 Important MCQs – Recovery & Law 66 6 Important MCQs – Retail Credit 69 7 Latest – Whos Who 72 8 Interim Budget - 2019 77 9 Important MCQs – General & Financial Awareness 84 10 Important Recollected Questions 95 All India Oriental Bank Officers’ Association (Study Material for Promotion– 2018) (updated till 31.03.2018) 4 IMPORTANT POINTS FROM BANK'S CIRCULARS 1. REVISED LOAN APPRAISAL FORMAT (LF-81) TO BE USED FOR CREDIT PROPOSALS WITH AGGREGATE CREDIT FACILITIES (FB+NFB) ABOVE ` 10.00 LACS AND UPTO ` 1 CRORE (Including All MSME Loan above `10.00 Lac to `2.00 crore) (excluding Retail/ Agriculture/ schematic lending with specific format of appraisal) ( CIRCULAR No. HO/ RMD/133 /2018-19/970 DATE: 19.03.2019) 2. REVISED LOAN APPRAISAL FORMAT (LF-82A) TO BE USED FOR CREDIT PROPOSALS WITH AGGREGATE CREDIT FACILITIES (FB+NFB) ABOVE ` 1 CRORE TO UPTO ` 10 CRORE (excluding Retail/ Agriculture/ schematic lending with specific format of appraisal) CIRCULAR No. HO/ RMD/ 130 /2018-19/ 953 Date: 16.03.2019 3. ATAL PENSION YOJANA: UPGRADE/ DOWNGRADE OF PENSION AMOUNT HO/BO/GBC-APY/76 /2018-19/966 Date: 14.03.2019) - Recovery/Refund of differential amount for Pension Upgradation/Downgradation: If subscriber wants to upgrade the pension amount, he will be required to pay the differential amount as the lump-sum payment alongwith the Overdue Interest. The differential amount to be paid by Subscriber will be arrived based on 8% interest (compounded monthly) calculated on the difference in the contribution amount for each month. The subscriber would be required to pay the differential amount alongwith interest. In case of downgrade requested by the subscribers, the excess amount will be refunded to the subscribers by NSDL directly in to SB account linked with APY. ATAL PENSION YOJANA: UPGRADE/ DOWNGRADE OF PENSION AMOUNT Modification for FY 2019-2020 For the FY 2019-2020, PFRDA shall open the window for change in pension amount in next month i.e. April 2019. Since the modification window remains open only for one month i.e. April. Therefore it has been decided to accept applications from 20.03.2019 onwards so that sufficient time may be provided to the subscribers for submission of change request form. However modifications for pension amount shall be done in the month of April 2019 only after modifications enabled in system by NSDL. 4. UTILITY FOR ONLINE SUBMISSION OF OTS OFFER AND TRACKING BY NPA BORROWERS ON THE BANK’S CORPORATE WEBSITE (CIRCULAR NO. HO/R&L/2018-19/40/967 15th March, 2019) As per the RBI guidelines a customer friendly web based utility for online submission of OTS offer and also online tracking of the OTS offer by the NPA borrowers of the bank has been hoisted on the corporate website of the bank with the name Online OTS (One Time Settlement) under the Apply Online Tab (https://www.obcindia.co.in/module/ots_settlement-application-form). Herein only NPA borrowers of the bank willing to settle their account can place an OTS offer and can also track the status of their placed OTS offer. Tracking of the OTS facility is available only for those borrowers who have placed their OTS offer online. 5. GUIDELINES ON OBTAINING AUTHORISATION LETTER FROM BORROWER / GUARANTOR FOR ACCESSING INFORMATION FROM INCOME TAX AND OTHER AUTHORITIES ( CIRCULAR NO. HO/RMD/ 132 /2018-19/ 959 Date: 15.03.2019) 1. Undertaking/ Authorisation letter is to be obtained in all credit facility on plain paper / letter head from new as well as existing borrower / guarantors of the bank, while sanctioning the loan. 2. These letters be obtained alongwith Loan application as independent document in order to be able to provide it separately to the appropriate authorities, if need be. 3. Undertaking/ Authorisation letter should be made part of : 4. The copy of said authorisation letter alongwith Bank’s request letter may be submitted to concern authority / agency within 7 days from the sanction of credit facility to cross check the information / documents submitted by the borrower / guarantor. Thereafter proper follow up be made by the concerned Branch with concerned authority for its logical end. 6. RESTRICTION ON ISSUANCE OF CHEQUE BOOK FOR CURRENT A/C (Circular No. HO/CS&P/48/2018- 19/950 13th March, 2019) - Circle Head shall have power to relax the restriction of issuance of cheque book in current account where number of unused leaves issued after 01-04-2018 are more than 50 & above and in case of continuous stationery the unused leaves issued are more than 500 & above. 7. 7. EDUCATION LOAN FOR COMMERCIAL PILOT AND AIR HOSTESS COURSES ( HO: Retail:46:2018- 19/946 Dated: 08.03.2019)- CRMC committee in its 195th meeting dated 08.02.2019 vide agenda no. 16 has approved that Education Loan for Commercial Pilot Licenses and Air Hostess will fall under the powers of HLCC-GM but field functionaries will be empowered to sanction Education Loan for Air Hostess upto Rs.4.00 lacs with mandatory coverage of GLPP within their discretionary powers. 8. 8. RUPAY INSURANCE COVERAGE PROGRAM 2018-19 (Circular No. HO/DBD/ATM/29/2018-19/935/19 05.03.2019)- Our Bank is issuing two types of RuPay Cards viz. RuPay Classic (Non-Premium Cards) and RuPay Platinum (Premium Cards). The Non Premium Cards include RuPay Domestic, RuPay Mudra, RuPay Jan Dhan, RuPay Pungrain & RuPay Kisan and Premium Cards include RuPay Platinum (Domestic) & RuPay Premium (International). As a value added service, NPCI has been offering insurance All India Oriental Bank Officers’ Association (Study Material for Promotion– 2018) (updated till 31.03.2018) 5 cover of 1 Lakh for Non-Premium Cards and 2 Lakh for RuPay Premium Cards (Accidental Death or Permanent Total Disablement only) to eligible RuPay Cardholders.. NPCI has extended the said RuPay Insurance Program for FY 2018-19 vide Circular No. RuPay/2018-19/003 dated 05.04.2018. The policy number for Insurance Program 2018-19 is 14230042180100000011 9. Service Charges: Revision in NEFT Service Charges (HO/CS&P/46/2018-19/934 05th March, 2019) NEFT Charges Existing Revised (w.e.f. 01.04.2019) NEFT Inward NIL NIL Transaction Slab Charges Transaction Slab Charges Upto ₹2000/- Free Upto ₹ 10,000 ₹ 2.50 Above ₹2001/- to ₹10/- Above ₹ 10,000 up to ₹5/- *NEFT outward ₹1 Lac ₹ 1 Lac Above ₹1Lac to ₹15/- Above ₹1Lac to ₹15/- ₹2 Lac ₹2 Lac Above ₹2Lac ₹25/- Above ₹2Lac ₹25/- * The charges are exclusive of applicable taxes 10. HURDLE RATE- INTERNAL CREDIT RISK RATING (HO/ RMD/ 124 /2018-19/ 925 DATE: 01.03.2019) 1. In view of the fact that borrowers with internal rating OBC- 7 to OBC- 10 are considered as high risk assets it has been decided that Hurdle rate for internal credit risk rating shall be OBC-6. 2. Fresh credit exposure to new borrower having internal credit risk rating grades below hurdle rate i.e., OBC-7 to OBC- 10 shall not be permitted. 3. Enhancement /Additional facility to existing borrowers rated below hurdle rate shall be considered as under: Particular Delegated Authority Credit Facility upto the power of HLCC-ED HLCC-ED CAC/MCB Respective Sanctioning Authority 11 REVISED BANK’S POLICY GUIDELINES FOR ISSUING AND PARTICIPATING IN INTER BANK PARTICIPATION CERTIFICATES ( HO/ RMD/ 127 /2018-19/ 928 DATE: 02.03.2019) 1.
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