I’d like to begin this answer by saying there is no strategy as such other than doing one right thing after other. Things never go as planned and mid-way course correction is much more important than following a strategy to the T.
I must also admit at the outset that when I was preparing I did not have a strategy in mind. When the notification was released in May, I was working with SBI as Probationary Officer and expecting RBI Prelims to be held in September. Just last year, RBI had shifted its exam schedule from November to September and I didn’t think that RBI would shift it again, much less thinking that it would be in June. Continue reading “RBI Grade B Exam 2017 AIR 1-Prince Bansal- Strategy”
Financial Awareness for RBI Grade B-29 July 2017
NPCI gets RBI nod to operate Bharat Bill Payment System (Source: MINT/ ET/ BL)
- National Payments Corporation of India (NPCI), the umbrella organization for all retail payment systems in the country, has received the final nod from the Reserve Bank of India (RBI) to function as the Bharat Bill Payment Central Unit and operate the Bharat Bill Payment System (BBPS).
- The final clearance from RBI comes almost a year after NPCI launched the BBPS pilot project to make payment of utility bills easier. The pilot started on 31 August with eight BBPS operating units that had received in-principle approval from RBI.
- The total number of Bharat Bill Payment Operating Units certified by NPCI now stands at 24. The certified units include three public sector banks (Bank of Baroda, Union Bank of India and Indian Overseas Bank), 10 private sector banks, five cooperative banks and six non-bank biller aggregators.
Continue reading “Financial Awareness for RBI Grade B-29 July 2017”
Financial Awareness for RBI Grade B-26 July 2017
RBI stops printing Rs 2000 notes, focus turns to new Rs 200 notes (Source: MINT)
- The Reserve Bank of India (RBI) stopped printing Rs 2000 notes about five months ago and is unlikely to print more in the current financial year. About 3.7 billion Rs 2000 notes amounting to Rs 7.4 trillion have been printed so far. That more than compensates for the 6.3 billion Rs 1000 notes that were withdrawn after demonetisation.
- Separately, RBI’s printing press in Mysuru has also started printing the new Rs 200 notes, which are likely to come into circulation next month.
Continue reading “Financial Awareness for RBI Grade B-26 July 2017”