The Banking Awareness and Current Affairs syllabus is almost the same for every banking exam in the country. For example, if you are preparing for the PO exam, you will also get prepared for other ones too like SBI, IBPS, etc. You should study the topics below listed in order to pass any banking test.
- New government programmes like various schemes by the PM
You must equip yourself with the knowledge of various schemes which have been initiated by the PM. There are schemes like Pradhan Mantri Jan Dhan Yojana, Unnat Bharat Abhiyan, Atal Pension Yojana, Pradhan Mantri Mudra Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, etc.
These are recent terms and acronyms that are used a lot in the world of banking. These are frequently asked in both written exams and interviews. They include KYC, FDI, CASA, RAFA, Crypto, Bitcoin, Blockchain, Money Laundering, Micro ATMs, Deflation, Skimming, Net Asset Value, BASEL Committee, etc.
- New developments in the world of banking
You will be asked to explain the terms like GST, Bill Banking Scams, FRDI Bill, BREXIT, IIBs, NBFC, New Developments of SEBI, RBI’s mandatory hedging, Government fund infusion in PSUs, etc.
The job aspirants must know about basic banking terms. Some examples are Bank rates, CRR, NPAs, Repo Rates, Reverse Repo Rates, PLR, Retail Banking, NPAs, DEMAT, NOSTRO and VOSTRO accounts, Priority Sector Lending, etc.
- Terminologies used for daily operations in banks
This includes topics like ATM, Lockers, types of accounts, Check vs Draft, Demat Accounts, types of checks, etc.
- RBI’s structure and functions
You need to read everything about the hierarchy and organization structure of the apex banking body in India.
- Money transfer systems in India
This includes gaining knowledge about all the monetary transaction systems in India – RTGS, NEFT, UPI, IMPS and UPI.
There are other topics that come under this section. For reading about them in detail, you can read the other blogs on our website.