Explore topic-wise InterviewSolutions in Banking.

INFO: Full form for UBD is Urban Banks Department in Banking category
UBD also has other full forms in other categories mentioned below.

INFO: Full form for UCNs is Uniform Code Numbers in Banking category

INFO: Full form for UNDP is United Nations Developement Programme in Banking category
UNDP also has other full forms in other categories mentioned below.

INFO: Full form for UNME is Urban Non Manual Employees in Banking category

INFO: Full form for VKGUY is Vishesh Krishi Gram Udyog Yojana in Banking category
VKGUY also has other full forms in other categories mentioned below.

INFO: Full form for WADR is Weighted Average Discount Rate in Banking category
WADR also has other full forms in other categories mentioned below.

INFO: Full form for WSS is Weekly Statistical Supplement in Banking category
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The International Monetary Fund (IMF) is an international financial institution, headquartered in Washington, D.C., consisting of 190 countries "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had XDR 477 billion (about US$667 billion).

Through the fund and other activities such as the gathering of statistics and analysis, surveillance of its members' economies, and the demand for particular policies, the IMF works to improve the economies of its member countries. The organization's objectives stated in the Articles of Agreement are: to promote international monetary co-operation, international trade, high employment, exchange-rate stability, sustainable economic growth, and making resources available to member countries in financial difficulty. IMF funds come from two major sources: quotas and loans. Quotas, which are pooled funds of member nations, generate most IMF funds. The size of a member's quota depends on its economic and financial importance in the world. Nations with greater economic significance have larger quotas. The quotas are increased periodically as a means of boosting the IMF's resources in the form of special drawing rights.

The current managing director (MD) and Chairwoman of the IMF is Bulgarian economist Kristalina Georgieva, who has held the post since October 1, 2019. Gita Gopinath was appointed as Chief Economist of IMF from 1 October 2018. Prior to her appointment at the IMF, Gopinath served as the economic adviser to the Chief Minister of Kerala, India.

INFO: Full form for UNICO is Umbrella Organisation for Large Cooperative Banks in Europe in Banking category
UNICO also has other full forms in other categories mentioned below.

The United Nations Industrial Development Organization (UNIDO) (French/Spanish acronym: ONUDI) is a specialized agency of the United Nations that assists countries in economic and industrial development. It is headquartered at the UN Office in Vienna, Austria, with a permanent presence in over 60 countries. As of April 2019, UNIDO comprises 170 member states, which together set the organization's policies, programs, and principles through the biannual General Conference.

UNIDO was established in 1966 by the UN General Assembly to promote and accelerate the industrialization of developing countries, which were emerging from decolonization in record numbers and with little to no industrial base. In 1979 it became one of the 15 specialized agencies of the UN, with its new constitution coming into force in 1985. Since its founding, the organization has restructured and reformed several times; the 2013 Lima Declaration expanded its mission to include promoting "inclusive and sustainable industrial development" (ISID), defined as benefiting greater numbers of people while safeguarding the environment. UNIDO is a member of the United Nations Development Group, a coalition of UN entities aimed at fulfilling the Sustainable Development Goals.

From 2018 to 2021, UNIDO's strategic priorities include creating shared prosperity; advancing economic competitiveness; safeguarding the environment; and strengthening knowledge and institutions. Each of these goals is to be achieved through technical cooperation, policy advice, analysis and research, the development of uniform standards and quality control, and partnerships for knowledge transfer, networking and industrial cooperation.

UNIDO employs some 670 staff and draws on the services of some 2,800 international and national experts—approximately half from developing countries—annually, who work in project assignments throughout the world.

The United Nations Development Programme (UNDP) is a United Nations organization tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development. Headquartered in New York City, it is the largest UN development aid agency, with offices in 170 countries.

The UNDP emphasizes developing local capacity towards long-term self-sufficiency and prosperity. It administers projects to attract investment, technical training, and technological development, and provides experts to help build legal and political institutions and expand the private sector. Assistance is provided at the request of national governments, and UNDP personnel frequently coordinate with local officials, nongovernmental organizations, and other international agencies.

The UNDP operates in 125 counties and is funded entirely by voluntary contributions from UN member states. In addition to meeting national development objectives, its activities increasingly focus on fulfilling the Sustainable Development Goals (SDGs), such as combating HIV/AIDS and ensuring environmentally sustainable development. The UNDP is governed by a 36-member executive board overseen by an administrator, who is third-highest ranking UN official after the Secretary-General and Deputy Secretary-General.

INFO: Full form for SIFI is Systemically Important Financial Intermediaries in Banking category
SIFI also has other full forms in other categories mentioned below.

INFO: Full form for SIPS is Systemically Important Payment System in Banking category
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INFO: Full form for SITP is Scheme for Integrated Textile Parks in Banking category
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A systemically important financial institution (SIFI) is a bank, insurance company, or other financial institution whose failure might trigger a financial crisis. They are colloquially referred to as "too big to fail".

As the financial crisis of 2007–2008 unfolded, the international community moved to protect the global financial system through preventing the failure of SIFIs, or, if one does fail, limiting the adverse effects of its failure. In November 2011, the Financial Stability Board (FSB) published a list of global systemically important financial institutions (G-SIFIs).

Also in November 2010, the Basel Committee on Banking Supervision (BCBS) introduced new guidance (known as Basel III) that also specifically target SIFIs. The main focus of the Basel III guidance is to increase bank capital requirements and to introduce capital surcharges for G-SIFIs. However, some economists warned in 2012 that the tighter Basel III capital regulation, which is primarily based on risk-weighted assets, may further negatively affect the stability of the financial system.

It is important to note that both the FSB and the BCBS are only policy research and development entities. They do not establish laws, regulations or rules for any financial institution directly. They merely act in an advisory or guidance capacity when it comes to non G-SIFIs. It is up to each country's specific lawmakers and regulators to enact whatever portions of the recommendations they deem appropriate for their own domestic systemically important banks (D-SIBs) or national SIFIs (N-SIFIs). Each country's internal financial regulators make their own determination of what is a SIFI. Once those regulators make that determination, they may set specific laws, regulations and rules that would apply to those entities.

Virtually every SIFI operates at the top level as a holding company made up of numerous subsidiaries. It is not unusual for the subsidiaries to number in the hundreds. Even though the uppermost holding company is located in the home country, where it is subject, at that level, to that home regulator, the subsidiaries may be organized and operating in several different countries. Each subsidiary is then subject to potential regulation by every country where it actually conducts business.

At present (and for the likely foreseeable future) there is no such thing as a global regulator. Likewise there is no such thing as global insolvency, global bankruptcy, or the legal requirement for a global bail out. Each legal entity is treated separately. Each country is responsible (in theory) for containing a financial crisis that starts in their country from spreading across borders. Looking up from a country prospective as to what is a SIFI may be different than when looking down on the entire globe and attempting to determine what entities are significant. The FSB hired Mark Carney to write the report that coined the term G-SIFI for this reason in 2011.

INFO: Full form for XBRL is eXtensible Business Reporting Language in Banking category

The Reserve Bank of India (RBI) is India's central bank and regulatory body under the jurisdiction of Ministry of Finance, Government of India. It is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It also manages the country's main payment systems and works to promote its economic development. Bharatiya Reserve Bank Note Mudran is one of the specialised divisions of RBI through which it mints Indian bank notes and coins. RBI established the National Payments Corporation of India as one of its specialised division to regulate the payment and settlement systems in India. Deposit Insurance and Credit Guarantee Corporation was established by RBI as one of its specialised division for the purpose of providing insurance of deposits and guaranteeing of credit facilities to all Indian banks.

Until the Monetary Policy Committee was established in 2016, it also had full control over monetary policy in India. It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid. Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949.

The overall direction of the RBI lies with the 21-member central board of directors, composed of: the governor; four deputy governors; two finance ministry representatives (usually the Economic Affairs Secretary and the Financial Services Secretary); ten government-nominated directors; and four directors who represent local boards for Mumbai, Kolkata, Chennai, and Delhi. Each of these local boards consists of five members who represent regional interests and the interests of co-operative and indigenous banks.

It is a member bank of the Asian Clearing Union. The bank is also active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion (AFI). The bank is often referred to by the name 'Mint Street'.

INFO: Full form for SHGs is Self-Help Groups in Banking category
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INFO: Full form for SIVs is Structured Investment Vehicles in Banking category
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INFO: Full form for SLAF is Second Liquidity Adjustment Facility in Banking category
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INFO: Full form for SLA(IC) is Sundry Liabilities Account (Interest Capitalisation) in Banking category

INFO: Full form for SREP is Supervisory Review and Evaluation Process in Banking category
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INFO: Full form for SRMS is Self Employment Scheme for Rehabilitation of Manual Scavangers in Banking category
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INFO: Full form for STCRC is Short Term Cooperative Rural Credit in Banking category
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INFO: Full form for STRIPS is Separate Trading for Registered Interest and Principal of Securities in Banking category
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INFO: Full form for TAFCUBs is Task Force for Urban Cooperative Banks in Banking category

INFO: Full form for RBSC is Reserve Bank Staff College in Banking category
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INFO: Full form for TALF is Term Asset Backed Securities Loan Facility in Banking category

INFO: Full form for REGP is Rural Employment Generation Programme in Banking category

INFO: Full form for RIDF is Rural Infrastructure Development Fund in Banking category
RIDF also has other full forms in other categories mentioned below.

INFO: Full form for RPCD is Rural Planning and Credit Department in Banking category

Remunerative Approach for Agriculture and Allied sector Rejuvenation, previously Rashtriya Krishi Vikas Yojana (Hindi: राष्ट्रीय कृषि विकास योजना, lit. 'National Agriculture Development Programme') is a State Plan Scheme of Additional Central Assistance, was launched in August 2007 as a part of the 11th Five Year Plan by the Government of India. Launched under the aegis of the National Development Council, it seeks to achieve 4% annual growth in agriculture through development of Agriculture and its allied sectors (as defined by the Planning Commission) during the period under the 11th Five Year Plan (2007–11).

INFO: Full form for RNCPS is Redeemable Non Cumulative Preference Shares in Banking category

INFO: Full form for REER is Real Effective Exchange Rate in Banking category
REER also has other full forms in other categories mentioned below.

The return on equity (ROE) is a measure of the profitability of a business in relation to the equity. Because shareholder's equity can be calculated by taking all assets and subtracting all liabilities, ROE can also be thought of as a return on assets minus liabilities. ROE measures how many dollars of profit are generated for each dollar of shareholder's equity. ROE is a metric of how well the company utilizes its equity to generate profits.

INFO: Full form for ROSC is Report on Observance of Standards and Codes in Banking category
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Washington Trust Bank is an American diversified financial services holding company headquartered in Spokane, Washington. It is the oldest and largest privately held commercial bank in the Pacific Northwest, and has more than 40 financial centers and offices in Washington, Idaho and Oregon with over 1,000 employees. As of December 2014, the bank had assets in excess of $4.77 billion.

INFO: Full form for OTB is Orix Trust and Banking in Banking category
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INFO: Full form for BG is Bank Gaurantee in Banking category
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INFO: Full form for BD is Bank Deposit in Banking category
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INFO: Full form for BD is Bankers Daughter in Banking category
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INFO: Full form for DO is Divisional Office in Banking category
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INFO: Full form for DEMAT is Dematerialisation of Shares in Banking category
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INFO: Full form for c/f is Carried Forward in Banking category
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