BSC March Match Points by K.Kundan

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            The Banking services chronicle Institutes Match points March from BSC Magazine for your next exam preparation

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Capital & Currency

SYRIA

Capital: Damascus

Currency: Syrian Pound

President: Bashar Al-Assad

Prime Minister: Wael Nader Al-Halqi

Language: Arabic

Central Bank: Central Bank of Syria in Damascus

Daily GK - 28/1/2015 & 29/1/2015

1) Music and arts festival

• Music and Arts festival to begin from 1st February
• Bombay Jayashree to be honoured by Sangeetha Samajam.

2) Kalyan Singh sworn in as Himachal Pradesh Governer

3) Hockey Olympian Jaswant Singh Rajput Passed away

4) Arunthathi Subramaniam won Kushwant singh memorial price for Poetry

5) Bradman Young cricketer of the year

• Sean Abott

6) Sunil Narine out of World Cup a set back for West Indies.

Capital & Currency of the day

TURKEY:

Capital: Ankara

Currency: Turkish Lira

Language : Turkish

President: Recap Tayyip Erdogan

Prime Minister: Ahmet Davutoglu

Banking Term

Non Banking Financial Company (NBFC)
                        A NBFC is a company registered under the companies act, 1956 which is involved in the business of loans, shares/stocks, etc. Non-banking financial companies are financial institutions that provide banking services, but do not hold a banking license. These institutions are not allowed to take deposits from the public. NBFCs do offer all sorts of banking services, such as loans and credit facilities, retirement planning, money markets, underwriting, and merger activities. The basic difference between bank and NBFC is:-

•  They can’t accept demand deposits.
•  They are not a part of the payment and settlement system and can’t issue cheques drawn on themselves
•  They are not registered in the banking act and don’t have a banking license.
•  They don’t have to maintain CRR, SLR or CASA like banks.