Sign Banking PDF Georgia Later

Industry sign banking georgia pdf later

a few days back i posted this poll on youtube and a similar poll i posted on telegram from this i got to know that you want to see a full series on banking awareness or financial awareness for sbi po ibps po ibbs rp and all the rated examinations now i want to make videos on all the three topics that were mentioned in the poll but we can only start off with one so let's start off with a full banking awareness and financial awareness series that will help you crack all kinds of bank exams hi there shoprio welcome to the first session on banking awareness for sb ipo ibp spo ibps rrb and all kinds of different bank exams so let us take a look at the basic tenets of the series that i am going to cover so banking awareness for sb ipo and other exams now which are the exams for which this is going to be suitable now you need to understand that because i am not going to try to appeal to everybody i am just trying to make you understand the basic concepts of the banking industry and i'll take you through the basic banking awareness or the financial awareness that is asked in various bank exams so uh this series it will actually help you with sb ipo this is the target exam that we are going for then it will also help you for ibps po uh it will also help you for ibps rrb so these are the three exams uh for which these will be most useful now i will also make this entire thing entire series in a way that it's going to be useful for anybody who is a beginner so anybody who is a beginner to all these things so if you are a beginning to the banking industry if you do not know about all the basic concepts then this series is definitely going to help you to understand more about banking and even if you are preparing for exams like the rbi grade p and you are preparing for the sebi grade a so sometimes what happens that even in these examinations you need to understand a bit of basics of the banking industry so core concepts are what we are going to focus on uh in this video series and so you understood what exams we are targeting now what do you need to do now a lot of people ask me for pdfs for these kinds of sessions now earlier i have made it very clear why i do not provide pdfs so there is not going to be any pdf so i am not going to give you any pdf of these sessions what you have to do you can just make short notes on your own on all the things that i am covering if you are a kinesthetic learner we have already talked about kinesthetic learners so if you are a kinesthetic learner you can make short notes and if you're a visual learner then you will just have to watch the videos again and again so that they become ingrained into your memory and i would advise that you watch the series multiple times if you are new to banking because i feel that i am going to help you understand the vagaries of the various things that most people are not going to cover in even paid courses that they are going to sell to you so this is what you need to do now how will the series be structured so my normal videos they are quite long isn't it i have seen a lot of complaints regarding this so in this series what i'll be doing i will be keeping the videos a bit shorter so they will be shorter length but the number of videos will be increasing a lot more number of videos will be there so i will be increasing the frequency of the uploads of the video i know i don't upload frequently but i will be trying to change that so that by the examination date we can cover each and everything and whether i am going to cover dynamic or static so this is also something that people will be wanting to know so i will be covering the core concepts so most of the static concepts but remember that all the static things that we are going to talk about all these static things they did not suddenly appear they were earlier dynamic and now they have become static so i hope you understand that the rbi updates the various updates from different banks these are the things that have structured these things and so i will be definitely telling you about the dynamic topics about the various new developments if a topic demands it but most of all i am going to focus totally on the basic concepts so anybody can understand the series you can just pick it up and you can understand and what are the topics that i am going to be covering so i'll just show you what are the topics that you are going to see in this video series so this banking awareness series it's going to help you in the sba ipo mains exam the idp spo the ipps rrb mains examinations and it is also going to help you in the interviews of each and every bank exam and also in the descriptive paper so i have included a lot of things and if you want to be a banker then these things are all essential and you should know each and every topic that i mention over here and i hope that by the end of this series you will understand all of them so we are going to start off with introduction to banking this is what we cover in this video then we have the history of banking in india the types and functions of money the money multiplier and fractional reserve system then we talk about the types of banks in india the differentiated banks of india and we will also talk about types of accounts we'll talk about the different deposit accounts loan accounts the nri and the forex accounts the psl norms the priority sector lending norms the the apex financial bodies or the financial regulators so we'll talk about the rbi nabard sebi etc and then we take a deep dive into rbi and its functions we'll talk about the rbi monetary policy then we'll talk about the financial markets so capital and the money markets then we get into npa classification and resolutions the ibc the surface act locates etc then the type of atms checks demand drafts bills of exchange the various statutory acts so the ni act is very important you also have the banking regulation act the foreign exchange management act etc then you have the basal norms so basil one two and three all are very important especially the bazel three norms and then you have inflation cpi wpi ppi etc we'll also cover the international financial organizations like the imf world bank etc and of course derivatives the grade rating agencies foreign trade and the latest changes in the banking industry and of course the banking acronyms and abbreviations i will be covering it throughout different videos but let me know if you need any kind of different pdf on it i might make a compilation and upload it on my telegram channel and finally the economic survey and budget these things are already covered so i encourage you to go ahead and check my playlist so that you get a full coverage of banking awareness okay so i hope that you understood all about what we are going to cover in this series and if you feel that i have missed out something then make sure to write down in the comments and let me know because my videos they are not only one way because you will see that i interact a lot with you and you can give me feedback and i will incorporate all that in my videos so if i have missed any topics that you want to see then let me know in the comments and i will definitely include them in this series and coming to the basic concept of banking so this is something that i want to take you through because it's very important and banks what do they do basically so banks they are involved in nothing but risk management okay so remember this thing that banks whatever they are doing all the activities that banks are doing all of it you can summarize it into risk management so banks they are responsible for managing risk and you might have heard this word banks are called financial financial intermediaries intermediaries so why are banks called financial intermediaries what's the reason for calling banks as financial intermediaries it's because what bank does a bank basically helps to actually cycle the money or the currency between different parties inside an economy so they are doing the financial intermediation work now i'll just show you a small thing what happens so basically if you consider a bank so consider that this is a bank okay this is a bank and let's see there is one man over here this guy so this man he has a surplus he has a surplus of money okay and there is another man over here so the man over here he has a deficit of cash okay money is surplus on the blue guy and the money is actually deficit in the green guy so this person what happens is he will do what he will deposit his money in the bank so he will not just deposit just like that right he has to get something in return so what does the bank give him the bank will actually give him some interest right so if i am giving 100 rupees to the bank if i am this person and i'm giving 100 rupees to the bank i expect that at least i'll be getting 104 105 110 etc etc i'll be getting some money extra from the bank that is why i am keeping my money in the bank and in the same way this guy he does not have money so basically this guy needs money so what the bank will do the bank will just lend the money to this guy so this thing is called a loan and this thing is called a deposit so the blue guy he actually deposits the money in the bank and the green guy is getting the loan from the bank now ask yourself why should a bank give a loan it has to be profitable for the bank isn't it otherwise why they would give so this loan it is also at a certain interest rate so if the bank is giving 100 to this guy then what will happen the bank will expect that i will be getting at least 115 120 something like that so remember this that the bank has to pay interest to the deposit holders and the bank will be getting interest from the people who have taken loan and this is how the basic business of banking actually works so this is the core business the core business of banking that the bank it will be taking what it will be taking deposits and that same deposit money the bank will actually be lending on to another person so that they can enjoy that as a loan and give the money back as interest to the bank so this is how the bank actually works and this is the basic concept of banking and how banking actually works so remember this picture because this picture will help you a lot you will be able to understand later on why this picture is so important because this is the traditional uh work of a bank and these days what has happened is the bank the work has actually changed and they have actually started to do something different but this is the basic concept of banks so it's very important that we learn it and now we have to understand how did banking actually begin so how did it begin we have to look it uh internationally first so the total assets of the world's banks what is the total assets it is around 124 trillion dollars now this is uh towards the beginning of 2019 so right now the figure can be a little bit higher but roughly it is 124 trillion dollars and what is the total assets of india's banks this is also a very important figure so this is 2.2 trillion dollars as of when as of march 2019 now this figure you are actually not going to figure find this figure anywhere because where i have got this i have actually taken this from the rbi website so rbi they have actually told this figure in rupees and i have converted it into dollars so the actual figure that has been released by rbi it is rupees 166 lakh crore so 166 lakh crore or you can say that it is 1.6 crore crore so that is the total assets of the indian banking industry good to know and now where did banking start from it started in italy it started in 11th century italy so that was the time that the renaissance was happening so we have read about that in history if you remember the renaissance and in the 11th century what used to happen they used to barter using different coin systems so at that point of time in italy uh there were around seven different types of gold coins that they used to exchange so they were big cities like florence milan sienna these were the important italian cities that were trade hubs and they used to have a lot of exchange of these kinds of gold and what happened that people felt that okay these types of gold if we transported by ship or by land then it becomes very risky right so then the concept of banking actually started and bank the world bank it is actually derived from the italian word banco and this means bench now why bench the word bench is used because in the 11th century italian towns what they used to do they used to sit at a bench and that is how they used to transact so in a bench they would be sitting and just they would be transacting their money and that is where the bank word came from from the italian word banco now what is the oldest bank the oldest bank is the banker monte de paschi the sienna in italy so it is in business since 1472. so can you believe it this is the oldest bank in the entire world and it's in the city of siena in italy so just remember that and the oldest bank in india this is very very important for us this was the bank of hindustan so it was founded in 1770 and this bank of hindustan it was actually liquidated by 1829 so by 1829 this bank this did not exist anymore but the oldest surviving bank it is the sbi so how did sbi actually start so we are going to look at this in future sessions i'll just tell you that sbi it started in 1806 so in 1806 there was a bank called the bank of calcutta and later in 1809 it became the bank of bengal and this was actually the inception of state bank of india as we know it and in the future sessions i'll take you through the entire history of sbi don't worry we are going to cover all of it and so the next thing it is the introduction to banking and we already talked about the various concepts about how the banks are operating so now let's get into a little legal definition so what does banking mean if somebody asks you what banking means then you have to use this definition which was given in section 5b of the banking regulation act 1949 so this act in 1949 this is the most important act for the banks in india and section 5b it actually tells us what banking is so banking this means the accepting for the purposes of lending or investment of deposits of money from the public repayable on demand or otherwise and withdrawable by check draft order or otherwise so three things are very important that the bank they have to take for the purpose what's the purpose the purpose of lending an investment and it has to be the deposits of money that we are taking from the public they have to be repayable on demand or otherwise because the money that has been actually given as deposit they will be repayable on demand for example in the savings account they are repayable on demand and on the fds or other term deposits they are not repayable on demand and they are withdrawable by cheque draft order or otherwise so this is the entire definition of banking so make sure that you learn about this because sometimes some questions might be framed on the banking regulation act and what is the actual definition of banking now coming to the banking company so section 5b of the banking regulation act 1949 it actually defines the banking company so banking company it means any company which transacts the business of banking in india so any company that's going to transact the business of banking in india they are called a banking company as per the banking regulation act now few other sections that we need to remember section 7 it says that no other company is allowed to use the words bank banker or banking in their name so only the banking company can use this section 8 it says that the bank can't buy or sell or barter goods unless it's with reference to bills of exchange so the buying or selling of the or the bartering of the goods that's not allowed and section 9 this states that the bank cannot hold immovable property so any houses or something like that beyond 7 years unless rbi approves so there is an exception that the maximum period normally for a bank to hold these properties it is seven years but if rbi will approve then they can approve it for another five years so remember this that normally a bank can hold any kind of property for seven years but if rbi app oves then they can go forward with five more years so it will be a total of 12 years so let's keep it at that for this session and we are going to continue this banking awareness session in the next videos i hope that you learned something from this video and that it was beneficial to you all the information that i am going to give to you is going to be for free the only thing that i ask of you is that you like this video and share it with your friends and please subscribe to this channel if you have not done so already and click on the bell icon so that you my friend do not miss any future update i'll see you in the next one