Wednesday, July 24, 2013

Important Committees: For RBI Exam

1.    Suma Verma Committee - to update, and revise the Banking Ombudsman Scheme, 2006
     
2.    Damodran Committee: on improvement of customer services in banks 


3.    Shri M. Narasimham Committee: on Banking Sector Reforms

4.    Shri Raghuram Rajan Committee: on Financial Sector Reforms,

5.    Shri B. Mahapatra Committee: to review the existing prudential guidelines on restructuring of advances by banks/financial institutions

6.    Shri Aditya Puri Committee: Dissemination of Credit Information

7.    Shri K.U.B. Rao Committee: recommended aligning gold import regulations 

8.    K M Chandrasekhar committee : for rationalization of foreign investment norms

9.    Shri Pulak Kumar Sinha Committee: to study the feasibility of Aadhaar as an additional factor for authentication of card present transactions

10.  Mukul Mudgal Committee:  looking into US giant Walmart's lobbying activities to enter India

11.  MBN Rao Committee: to prepare the blueprint of India’s first women’s bank

12.  Arvind Mayaram Committee  –for giving clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII),


Important Abbreviations:

1.    ITEs: Intra-Group Transactions and Exposures

2.    LCR: Liquidity Coverage Ratio

3.    NSFR: Net Stable Funding Ratio

4.    LRMT: Liquidity risk monitoring tools

5.    CBS: Core Banking Solution

6.    DEAF: Depositor Education and Awareness Fund

7.    CRAR: Capital to Risk-weighted Assets Ratio

8.    ECB - External Commercial Borrowings

9.    SWIFT: Society for Worldwide Interbank Financial Telecommunication

10.  FSLRC: Financial Sector Legislative Reforms Commission

11.  MIBOR: Mumbai Inter-Bank Offer Rate

12.  LIBOR: London Inter-Bank Offer Rate

13.  LAF – Liquidity Adjustment Facility

14.  GIRO -  Government Internal Revenue Order

15.  EEFC - Exchange Earner's Foreign Currency

16.  FRBMA:  Fiscal Responsibility and Budget Management Act



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