BankExamsToday Express Bites: Part 13


  • South Indian bank is the first among the private sector banks in Kerala to become a scheduled bank in 1946 under the RBI Act. It has headquarters in Trissur. Tagline of this bank is ‘Experience next generation Banking’.
  • Full form of BCBS is Basel Committee on Banking Supervision.
  • Amortization is the repayment of principal and interest components of a loan over a period of time.
  • Sale Deed is a legal document which transfers the ownership of the property or objects for a mentioned price.
  • Zero Liability Protection- A bank gives this guarantee that if credit card is lost or stolen, you may not be responsible for unauthorized purchases made with that card if you report the theft promptly.
  • In share market, Bear is a person who expects prices to fall and sells securities hoping to make a profit by subsequently repurchasing at a lower price.
  • Dr.TarunRamadorai committee - To look at the various facets of household in India and to benchmark India’s Position.
  • CP – Commercial Paper is an unsecured money market Instrument issued in the form of a promissory note. It can be issued in denominations of Rs5 lakh or multiples thereof.
  • Delinquency is a condition when loan payments are not paid according to the terms of the agreement/ Promissory note.
  • Bounced cheque – A cheque which a bank returns unpaid because there is not enough available balance in an account or for other reasons.
  • Call rate is the rate at which the banks give loans to another banks for a short term (1 day).
  • An IMPS (Immediate Payment Service) is an instant interbank electronic fund transfer service through mobile phones.
  • SMERA – SME Rating Agency of India Ltd is a full service credit rating agency founded in 2005, have headquarters in Mumbai. This agency is exclusively setup for MSME in India.
  • Kisan Credit Card(KCC) scheme was introduced in the year 1998 to enable the farmers to purchase agricultural inputs and draw cash for their production needs.
  • Soft loan is a loan bearing either no rate of interest or an interest rate which is below the true cost of the capital lent.


Test Your Memory Take Quiz

What is the tagline of South Indian Bank?
a. Relationship Beyond Banking
b. Experience next generation Banking
c. Prosperity For All
d. Good People to Grow With


________ is the repayment of principal and interest components of a loan over a period of time.
a. Desendence
b. Collateral
c. Truncation
d. Amortization


Which security is given by a bank if credit card is lost or stolen, you may not be responsible for unauthorized purchases made with that card if you report the theft promptly?
a. Unauthenticated Liability Protection
b. Non-liability Protection
c. Zero Liability Protection
d. Unauthorised Liability Protection


_______ is the rate at which the banks give loans to another banks for a short term (1 day)?
a. Nominatl Rate
b. Short Rate
c. Minute Rate
d. Call Rate


What does I stand for in IMPS
a. Immediate
b. Instant
c. Insured
d. Indian


In which year was Kisan Credit Card scheme launched?
a. 1996
b. 1997
c. 1999
d. 1998


_______ is a loan bearing either no rate of interest or an interest rate which is below the true cost of the capital lent.
a. Sloppy Loan
b. Soft Loan
c. Liquid Loan
d. Liberal Loan

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