03 May
Previous Paper

SSC CGL ALL SHIFT ANSWER KEY -21 SETS

SSC CGL Tier 1 Answer Key 2021: The Staff Selection Commission has released the answer key of the Combined Graduate Level Examination (Tier 1)-2021. Candidates who have appeared for the examination can download their answer key from the official website of SSC at ssc.nic.in. The Commission has conducted the Tier-I of Combined Graduate Level Examination, 2021 from April 11 to 21, 2022 at different centres all over the country.

Visit the official website of the Staff Selection Commission at ssc.nic.in.
– On the homepage, click on the ‘Answer Key’ option.
– Click on the link that reads, “Uploading of Tentative Answer Keys along with Candidates’ Response Sheets (s) of Combined Graduate Level Examination (Tier-I) – 2021.”-
– Enter your Roll number and password As per Admission Certificate and click on submit option.
– Your SSC CGL Tier 1 Answer Key 2021 will appear on the screen.

Download All shift Answer Key
SSC CGL Upcoming Batch Offline and Live Both from Dadar Mumbai Branch.
31 Jan
Banking Awareness

1. Banking News With RBI- January

RBI Approves Fino Payments Bank for Cross Border Remittances

Reserve Bank of India (RBI) has approved Fino Payments Bank for commencing international remittance business under the Money Transfer Service Scheme (MTSS). The approval will enable the customers of Fino Payments Bank to receive money sent from foreign countries. The money remitted by family members abroad can be directly withdrawn at the nearest micro-ATM or Aadhaar-Enabled Payment Services (AEPS) enabled Fino Bank’s neighbourhood merchant point.

  • The headquarters of Fino Payments Bank – Navi Mumbai, Maharashtra.

RBI Releases Framework for Small-value Offline Digital Payments

Reserve Bank of India (RBI) issued a framework for facilitating small-value digital payments in offline mode using cards, wallets, mobile devices, etc, to push digital transactions in rural and semi-urban areas.The upper limit of an offline payment transaction was fixed at Rs 200, with a total limit on a payment instrument be at Rs 2,000 at any point in time.

  • Note – Offline digital payment is a transaction that does not require internet or telecom connectivity to take effect.

RBI granted Scheduled Payment Bank Status to Airtel Payments Bank

Reserve Bank of India (RBI) granted a Scheduled Payment Bank status to Airtel Payments Bank by including it into the Second Schedule to the RBI Act, 1934. With this inclusion, it becomes the 4th payment bank to get this status. This status will help Airtel Payments Bank to explore new central and state government business opportunities, including participation in government-issued Request for Proposals (RFP), and primary auctions, along with participation in government-operated welfare schemes.

RBI Introduces Market Making Scheme to Promote PDs to Trade in RD Scheme                           

To provide liquidity in the secondary market, the Reserve Bank of India (RBI) has introduced the market-making scheme to promote retail participation in Government Securities (G-Secs) by providing prices/quotes to Retail Direct Gilt Account Holders (RDGAHs) enabling them to buy/sell securities under the RBI Retail Direct (RBI-RD) Scheme.

  • Under the scheme, RBI allowed the Primary Dealers (PDs) to be present on the Negotiated Dealing System- Order Matching (NDS-OM) Platform (odd-lot and Request for Quotes (RFQ) segments) throughout market hours and respond to buy/sell requests from RDGAHs.

RBI Cancels Authorisation Certificates of Two Payment System Operators

Reserve Bank of India (RBI) cancelled the Certificate of Authorisation (CoA) of two Payment System Operators (PSOs) – Muthoot Vehicle & Asset Finance, and Eko India Financial Services for non- compliance with regulatory requirements.The CoA was cancelled by RBI on 31st December 2021, in the exercise of the powers conferred on it under the Payment and Settlement Systems Act, 2007.

RBI Releases Eligibility Criteria for Entities to Become ‘specified Users’ of CICs

Reserve Bank of India (RBI) released the eligibility criteria for entities to be categorised as ‘Specified User’ of Credit Information Companies (CICs). The eligible criteria are issued under clause (j) of Regulation 3 of the CICs (Amendment) Regulations, 2021.In November 2021, RBI notified CICs (Amendment) Regulations, 2021 to amend the CICs Regulations, 2006.

  • A ‘specified user’ should be a company incorporated in India or a Statutory Corporation established in India.

RBI Increased Banks’ LCR maintenance on Funds Received from Non-Financial Small Business Customers to Rs 7.5 Crore

Reserve Bank of India (RBI) has increased the threshold limit for Banks to maintain the Liquidity Coverage Ratio (LCR) on deposits and other ‘extension of funds’ received from non-financial small business customers from Rs 5 crore to Rs 7.5 crore.

  • Objective: To better align RBI’s guidelines with the Basel Committee on Banking Supervision (BCBS) standard and enable banks to manage liquidity risk more effectively.

RBI Sets up Separate Department for Fintech

In January 2022, the Reserve Bank of India (RBI) sets up a separate internal department for fintech (Financial technology) by subsuming the fintech division of DPSS (department of payment and settlement systems), Central Office (CO). to facilitate innovation, and help identify, address challenges and opportunities in the fintech sector.

  • Ajay Kumar Choudhary, who was recently promoted as the Executive Director of RBI was appointed as head of the department.

The department will be administratively attached to the centralised administrative division (CAD) of RBI.

RBI extends its Directions for Sri Guru Raghavendra Sahakara Bank till May 10, 2022

Reserve Bank of India (RBI) has extended the validity of its directions by 4 months for Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru (Karnataka) i.e., till May 10, 2022 from January 11, 2022.The directions have been issued under Section 35A read with Section 56 of the Banking Regulation (BR) Act, 1949.

RBI brought the bank under Directions in the interest of depositor protection on January 2, 2020, the validity of which was extended from time to time.

RBI Releases Annual Report of Ombudsman Schemes, 2020-21; Complaints rose by 22.27% in 2021

Reserve Bank of India (RBI) released the Annual Report of the Ombudsman Schemes for 2020-21, which has been prepared for the 9-month period, i.e., July 1, 2020, to March 31, 2021, in alignment with the change in the Financial Year of RBI from ‘July – June’ to ‘April – March’ with effect from July 1, 2020.The Annual Report covers the activities under the Banking Ombudsman Scheme, 2006 (BOS), the Ombudsman Scheme for Non-Banking Financial Companies, 2018 (OSNBFC) and the Ombudsman Scheme for Digital Transactions, 2019 (OSDT).

RBI Released RBI-DPI for September 2021; Digital Payments Grew by 39.64%

Reserve Bank of India (RBI) released the RBI – Digital Payments Index (RBI-DPI) for September 2021, as per the index the digital payments increased by 39.64 percent to 304.06 as against 217.74 in September 2020. It is the index launched by RBI in January 2021 with March 2018 as the base period (ie. DPI score for March 2018 is set at 100) to identify the extent of digitisation of payments across the country. The index will be released semi-annually with a lag of 4 months.

It is the index launched by RBI in January 2021 with March 2018 as the base period (ie. DPI score for March 2018 is set at 100) to identify the extent of digitisation of payments across the country. The index will be released semi-annually with a lag of 4 months.

Existing NBFC-ICCs with asset size of Rs 1,000cr & above allowed undertaking Factoring Business: RBI

Reserve Bank of India (RBI) issued the following regulations after exercising its powers conferred under the Factoring Regulation Act, 2011.

  • Registration of Factors (Reserve Bank) Regulations, 2022.
  • Registration of Assignment of Receivables (Reserve Bank) Regulations, 2022.

It permits all existing non-deposit taking Non-Banking Finance Company-Investment and Credit Companies (NBFC-ICCs) with asset size of Rs 1,000 crore and above to undertake factoring business, subject to certain conditions.

RBI holds Overnight VRRR Auction as GST outflow from Banks tightens Liquidity

Reserve Bank of India (RBI) conducted an Overnight variable rate reverse repo (VRRR) auction for Rs 50,000 crore under liquidity adjustment facility (LAF) to infuse liquidity, instead of its usual fixed-rate overnight reverse repo window, as Goods and Services Tax (GST) collection tightened liquidity this week.

  • This auction was to stabilize overnight Call Money Market (CMM) rates which have been hardening due to outflows from banks on account of GST payments.
  • The weighted average call money rate also touched 4.3587% showing liquidity stress. This is the first VRRR auction since March 2021.

RBI conducts Overnight VRR auction of worth Rs. 75,000 crore

Reserve Bank of India (RBI) offered overnight liquidity to the banking system of India with Rs.75,000 crore against banks bid of around Rs 1.37 lakh crore through variable rate repo (VRR) auction under Liquidity Adjustment Facility (LAF) and 25th January 2022 will be the date of reversal.

  • The auction will be conducted on Core Banking Solutions (CBS) (e-Kuber) platform with Rs.1 crore as minimum bid amount for the auction and the allotment would be in multiples of Rs.1 crore.

RBI Imposes Restrictions on Indian Mercantile Cooperative Bank

Reserve Bank of India imposed several restrictions on Indian Mercantile Cooperative Bank Limited, Lucknow, Uttar Pradesh including a cap of Rs 1 lakh on withdrawals.RBI issued the directions in the exercise of powers vested in it under sub section (1) of Section 35 A read with Section 56 of the Banking Regulation Act (As Applicable to Cooperative Societies), 1949.

16 Jan
Banking Exams

How to crack IBPS & bank PO examination in first attempt?

Public sector banks(PSU) in India recruits candidates into various banking jobs for their branches spread across the India. Probationary Officer (PO) post is one of the many posts available in the banks, for which IBPS, SBI and other private banks recruit candidates every year. The aspiring candidates who are willing to join the banking industry prepare whole year for the written examination associated with bank PO recruitment. The increasing number of candidates every year has obligated the recruitment authorities to divide the written test into two: Prelims and Mains. This has resulted in tougher competition to get the job, which is followed by a personal interview round. Hence, it is not an easy task to crack the examination in the very first attempt. Many candidates try for three to four years to succeed in the examination and get the PO job. But there are few tips, following which the candidates can actually score quite well in the written examination and perform well in the personal interview round.

Tips to crack bank P.O (Probationary Officer) examination

  • Spot your weakness and work on it: The candidates must undergo the examination pattern in detail to understand the contents of the examination. This would make them to know their strength and weaknesses and allow them to mend the gaps in the preparatory period. Candidates should give emphasis on their weaker sections and strengthen the particular section or paper. They can also take help and counsel from the best of the sources available, online or offline like any education portal or coaching institute. It is noticed that the best way to remove your weakness is to not avoid it.
  • Make a proper study time table: It doesn’t matter whether you are still a student or are working somewhere, while you decide to crack PO exam.  There is no shortcut to crack it except your commitment and focus for the examination from the very first day of your preparation. The candidates should initiate preparation for the examination immediate after filling the application form. They should make a proper time table, giving enough time to each of the subjects in the preliminary and mains written examination. They should give extra time to their weaker areas and try to mend them as soon as possible. They should develop a regular habit of practicing learnt materials, so that they do not forget them. They should also make a revision time table. There should be bi-weekly or tri-weekly mock tests, taken up by the candidates
  • Prepare from the best of the sources: There is no time to lose while you are in the preparatory stage and thus you should be careful about the sources you are pondering upon. You should make your choices about the study materials carefully as this could make or break your chances. Candidates can even join a coaching institute, if they are new to banking examinations, and get a clear idea about the best sources available for preparation. They should not limit to books, but should explore the limitless avenue available over the world of internet. 
  • Formulate the proper examination module: The candidates should keep certain things in mind while undergoing the written examination. They should be focused to their speed of solving questions with accuracy. They should pick up the easier segment in the paper first and try to solve easy questions from all the sections. They should begin with the section, in which they are the most strongest and confident. If they get stuck at any point, while giving the written examination, they should immediately leave the question and move ahead.
  • Be Confident and Positive in your interview: The personal interview round is the last hurdle in the bank PO selection of the aspiring candidates. The candidates often feel uncomfortable and lack in confidence while undergoing personal one to one interaction with the board. They should keep in mind that they have undergone tremendous competition and out caste so many other candidates to rise up to this level, and thus should not lose confidence. They should have a positive approach towards the questions and answer them with utmost honesty and precision.

Examination Training and Online Test is the most Important part to Qualify Bank P.O Examination
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