Past Paper - Mr. IW - September-2024 PDF

Mr W V A Mr DI ILA G AV A SIM A R V AN IM D...

Mr W V A Mr DI ILA G AV A SIM A R V AN IM D M r I W A V G A A S VA R AN D DIL r G Mr I W A V IM M D I L GA A S A R AN D Mr I W AV GA V SIM AR N D DIL G Mr I WA AV VA IM Mr N D DIL GA A S A R A Mr I W A V G A V SIM AR ND D I L r G Mr I WA A V VA IM M N D D I L GA A S A R V A IM Mr I W AV G A A S VA R N D DIL Mr G Mr IW L A A VA S IM R A ND D I rG W A V A M I A GA V SIM AR N D D I L r G Mr I WA AV VA IM M N D DIL GA A S A R VA IM Mr IW A V GA A S VA R A N D DIL r G Mr I W A V IM M ND DIL GA A S A R A Mr I W AV GA V SIM AR N D DIL G Mr I WA AV VA IM Mr N D DIL GA A S A R A Mr I W A V G A V SIM AR N D D I L r G Mr I WA A V VA IM M N D D I L GA A S A R V A IM Mr IW A V G A A S VA R AN D DIL r G Mr I W A V IM M D I L GA A S A R AN D Mr I W AV GA V SIM AR N D DIL G Mr I WA AV VA IM Mr N D DIL GA A S A R A V A SEPTEMBER-2024 I M EDITION DMr I W I L A V G A S A R N D r G r A M D IW I L AV A V S IM R M N D r G W A VA V A M M I A G A A SI A R N D D IL Mr W V V A IM D I I L A A S N D r G W A A M M I G AV BARODA APEX A SI ACADEMY A R N D r MGANDHINAGAR W V V A I A A A ND DIL M r G A V S IM r G W A V AR M I A ND DIL Mr IW AV VA Mr D IL A SIM R N D rG WA V A VA IM M D I IL A GA A S A R A N D r G Mr D I W I L A V A V S I M R M N D r G A V A A VA I M M D IW I L A G S R N D G M r I W A A V A V A I M Mr N D D I L r GA W A S V AR A M A V S IM R N D I D I LA G G WA VA A r Mr D I I L A A V S IM R M N D r G A V A A VA IM M D IW I L A G S R N D G M r W A A V A V A I M Mr N DI D I L r GA A S A R A VA I M M D IW I L AV G A S A R N D r G r W V V A M M M D I I L A G A A SI A R N D r W V A VA S IM R M D I I L A G G A A A N D r Mr DI W ILA V A V S I M R M N D r G W A V A A VAGurukul > SSocial Baroda M LibraryD>INews IM LearningR> Digital Flash I L A Folder G G N D M r I W A A V A V A I M Mr N D D I L r GA W A S V A R V A I M M I A D I L r GA W A S V A R A N D M r G M I A A V SI M N D D I L G A A R r W V A VA S IM R M D I I L A G r G A A A N D r M W A V V I M M N DI D I L r G A A S A R VA M M IW A V A S I R D I L G G N D M r I W A A V A V A I M Mr ND D I L r GA W A S V A R V A I M M I A D I L r GA A S A R A N D r G M D IW I L AV A V S IM R M N D r G A V A A VA IM M D IW I L A G A S A R N D M r W V V A I M DI A N D I L r GA A S A VA I M M D IW G A S A R N M r W V V A D I I L A A Baroda A N D r G V Gurukul > Social I M M Learning > Digital Library > Audio Library Folder r GA W A S V AR M I A ND DIL Mr IW AV VA Mr D IL A SIM R N D rG WA V A VA IM M D I IL A GA A S A R A N D r G Mr D I W I L A V A V S I M R M N D r G A V A A VA I M M D IW I L A G S R N D G M r MONTHLY I W A GIST A V A OF CIRCULARS A V A I M Mr D I L G A S A R A N D SEPTEMBER r 2024 I W V V I M M D I L A r GA A S A R A N D r G M D I W Important I L AV Information A V S IM R M N D r G A V A A VA IM M D IW I L A G S R N D G r W M For the convenience A V A A of ‘Monthly V A I M Mr DI ofIL users G A Gist of Circulars’, A S we R A N haveVdecided M D M r link of said I W A VA A S I to also include the R direct D circulars IL for G G ‘Barodapedia’ A Users (HO and A BCC). Please A N take note of D following r Mr icons youDwillI Wcome across L A V A V S IM M A N D I when r G reading the A circulars W below: V AR A V IM M D I I LA G A S A R N D r G Mr W V V Aused only onIMCBS PC M D I Barodapedia IL A Link - CanA be S R N D r G A V A A VA I M M D IW I L A G S R N D G M r I W A A V A A V A I M Mr D I L G A S A R A N D rLink – CanI be W used on both V V KM I M Login/Intranet M D I L A r GA W A S CBS and Non-CBS V A R PC AN D M r G M I A A V SI M N D D I L G A A R r W V A VA S IM R M D I I L A G G A Can be used A on Smart Phone A N with D Barodapedia r Mr DI W I Application L A V A V S I M R M N D r G A V A A VA I M M D IW I L A G S R N D G Mr I W A V A A on all PC V A I M Mr N D Can be D I L used r GA and Mobile W A S (with or AR V V A IM M I A D I L GA without S Barodapedia Application) G A A R A N D r M r IW AV V IM M D I L G A A S A R N D r V A VA ClickIM the Icons to access M the circulars D IW I L A G A S A R N D M r W V V A I M DI A GA S Internet connectivity Lis must for ever functionality above. N D I r A A VA I M M D IW G A S A R N M r W V V A I A N D D I L r GA V A M IPrepared M G A A S ARTeam, Baroda Apex Academy r by Research Page 1 of 17 M I W A V ND DIL Mr IW AV VA Mr D IL A SIM R N D rG WA V A VA IM M D I AIL GA A S A R A N D r G Mr D I W I L A V A V S I M R M N D r G A V A A VA MONTHLY I M GIST M CIRCULARS OF D IW I L A G S R N D G M r I W A SEPTEMBER A V A V A2024 A I M Mr D I L G A S A R A N D r W V V I M M D I I L A GA S HO Circulars R G r A A A N D r M HO:BR:116:204 I W A V A IMfull circular) R V(Click the Icons to access M D DATED 05.09.2024 Scheme ofNIncentive payable to I L G for mobilization S A of deposit in SBVA A DBusiness Correspondents M r W V accounts A IM& CSR DEPARTMENT D I I L A G S R N D G A Incentive Scheme A for BusinessVACorrespondents Mr FINANCIAL INCLUSION r M Account Deposits. I W A V I M Bank has shared revised D The major D L I in the scheme G A A S (BCs) for SB A R N changes r includes the following: A VA BC outlets are nowMcategorized locationM I IW wise for incentive calculation: D I L Sub service AV G  Area A S & Urban and ANon or SSA Rural R Sub Service Area Nor NSSA Rural & Urban. D for r G r W V V A M M M I A A SI A uniform incentive rate of 0.60% per annum i.e. 0.05% per month is applied BCs.D N D I L G A A R A r M 20 days a month W I i.e. 4 hours a dayILand A V A V BC Agents must be S IMnow active forRat least D G G A five days a week A to qualify for incentives. N A and fundedIMinitially are D r Mr  Specific I minimum number ofVaccounts to be maintained W A D for eligibilityDofILincentive. A V S R M N specified r G A V A A  A V No I negative growth M in aggregate average M balances overDItheWprevious month I L Ais r G  MinimumWaverage allowed. AS balances forVincentive AR eligibility A N M D Mr G M I ASSA. V is defined as Rs. I20 Lakhs for N NSSA D and Rs. 15 Lakhs Ifor D L r GA W A S V A R  A M M I A V I Requirements for enrolments under Micro Insurance (PMJJBY/PMSBY) D and APY I L r GA have W A S been removed. V A R A N D or M r G M for eligibility A I RuPay Card transactions. Parameters now include minimum A V PMJDY accounts SI M opened N D minimum D I L G A A R r W V A VA HO:BR:116:208 DATED S IM05.09.2024 R M D (Click the I A IIcons to access full circular) L G G A Social Engineering A A N D r Mr OPERATIONS W V M M Financial Frauds through I & SERVICES DEPARTMENT L A A V I SCyber Security AR N Dcircular, D I r G A V ARisk (CSITE) Group Through this our Bank I M has shared that M the Reserve W frauds caused AbyV Bank of India's I G A and IT S scams involve issued an alert regarding R D initiating fraudulent a rise in financial N D IL G social engineering. A Mr transactions D These I W compromising A VAcredentials. AVA customers unknowingly IM Mr without I L their G A S A R N A types of scamsIM D r W V Two V have been identified:M I A D L DIluring GA InvestmentWScams: main r AS Fraudsters V A offerRhigh returns on fakeA Ninvestment schemes, M r G M victimsIthrough phone calls,Asocial media, or convincing D L A V websites, Sleading IM them to R I accounts. G A A N money to the fraudsters' transfer M V Government Impersonation: D M r I W A VA A Central Bureau SofI Investigation (CBI) DDepartment, usingDthreats IL Scammers pose as officials from organizations like the G A A R or the IncomeATax N Mr W or fines to pressure of legalIaction D I L A V victims into transferring A V funds. S IM N Dact quickly, such G ras liquidating their W A V In theseA cases, victims I M often M I fixed deposits and A transferring large sumsSto the fraudsters, without D r G intervene in suchW A V ARprocessraising A itself,Vnot N alarms. The most crucial time to M of India therefore I has advised banks Ato take proactive measures, frauds is during the transfer afterward. The Reserve Bank N D D I L r GA including raising awareness V A M IPrepared M G A A S ARTeam, Baroda Apex Academy r by Research Page 2 of 17 M I W A V ND DIL Mr IW AV VA Mr D IL A SIM R N D rG WA V A VA IM M DI A IL GA A S A R A N D r G Mr D I W I L A V A V S I M R M N D r G A W immediately V A among A should be M encouraged to reportI incidents A V customers and S viaAhelpline 1930 or through IMVictims staff. R D I L G G N D A A Mr cybercrime.gov.in. r M HO:BR:116:209 W V V A I M D I DATED 06.09.2024 I L A A (Click the Icons toAaccess S full circular) AR N Dof "Baroda CKYC G rApplication" to Branches W for handling V V Acompleted CKYC PROJECT:-Extension I M M I A A REKYC S Individual customers R whose REKYC done N onD or after 01.01.2021 D I L G r G W A V A A M r OPERATIONS & SERVICES M In compliance Iwith RBI guidelines, DEPARTMENT Aour Bank has customized V A the Baroda A S M I application R to handle N D individual accountsD I L G CKYC and a dashboard hasr also been developed on the Qlik SenseVA A V Amonitor M I Currently, branches M are using the D I WCKYC application I L A Portal G to S these records. R N Baroda opened on D G M r to attach photographs I W A and KYC documents A V A for individual A V A accounts I M or after Mr January provided N 1, 2017, D and non-individual I L accounts guidelines. BranchesDare required to upload opened G on or after April 1, A S for all Re-KYC AR 2021, as per the r Mpractices. DI W the KYC documents AV A VA individual accounts completed S I M following existing R I L G r G A A A N D r M instructed to:DI W A V A V I M M Through this circular, all Branches, I L Regional Offices G (RO), and Zonal A S Offices (ZO) are AR A N D r W V A V I M M D I I A LQlik G Portal, scan,  A S A R N D r G Mr Download W the list of pending attach, and verify V records from the Baroda V A CKYC application or the M given job as perIthe M D I I L A KYC documents and A photographs S R N cards. D r G A Wthe scanned images V A VA M M Checker process, I A A Ensure strict adherence S I to the Maker and R D as I L G G data for KYC N images daily for Re-KYCD Apurposes. Branches Amust upload the required Mr will be uploaded to the CKYC Registry, and other financial institutions may use this Mr W V V A I M D I as many records Isince L A January 1, 2021,Aremain pending. S R N records, D r G A V A  A M and imageM attachment tasks IinW A V I Complete data correction D the Baroda CKYC I L r GA applicationWbyASeptember S 30, 2024,R V A N to enable timely uploads to the CKYC Registry. A D M r G M Monitor pending I accounts at the Izonal V A and regional levelsA to ensure all records M SIare uploaded. AR D L G A V AN branches areIM Furthermore, D to promote encouraged M r use of Re-KYCI through the W the web portal A V ND I L GA S R D G and VCIP, which eliminates the need for separate KYC document and photo attachments. r W A V A A Mfull circular) M r M HO:BR:116:211 I L A A V(Click the Icons to access S I R N D policy - Change DATED 09.09.2024 D I in nomenclaturer ofGBusiness Correspondent A Supervisor A VA Correspondent BC Engagement M M IW A V A to Business S I Co-ordinator. R D I L G G N D r A A A Mr FINANCIAL INCLUSION & CSR DEPARTMENT W M to "BusinessDICorrespondent Co-ordinator". A V V I M GA S Our bank has decided to change the nomenclature of "Business Correspondent Supervisor" N D I L A from AR ACorrespondent SupervisorM to BusinessM r Except the change of nomenclature I W all other terms A V V Business I A conditions withASregard to their Aeligibility R Correspondent Co-ordinator D L I of G r G and N criteria, selection A D process, review r M performance, W Itermination V roles and responsibilities, Awill of service, A V IM IIBF R remuneration, M certification,D I L G A S N D VA provision of leave etc. remain unchanged. A M M r I W A A V HO:BR:116:213 DATED SI &06.09.2024 R IL D Icons to access fullDcircular) N (Click the G A A A Mr OPERATIONS W V V IM Preservation, Destruction Document Handling D I & SERVICES DEPARTMENT I L A A S Through N Dhas reiterated that G r the current guidelines W Aregarding record A this circular our bank M M I G AV and preservation, maintenance A SI policy including the retention periods forD on AtheRDocument Management N different types of records, r W are outlined in the integrated M Destruction D V & IDocument Handling)Aand Records Digitization. V A System (Preservation, I L G A According to this policy, the V AN M D M r G A A SIPrepared by Research ARTeam, Baroda Apex Academy r Page 3 of 17 M I W A V ND DIL Mr IW AV VA Mr D IL A SIM R N D rG WA V A VA IM M D I A IL GA A S A R A N D r G Mr D I W I L A V A V S I M R M N D r G A V A VAperiod for Fixed retention areAexpected to segregate I M Deposit Receipt (FDR) Mvouchers is 20 D IW years. Therefore, branches I L A G S R N D G A A Mr FDR vouchers from daily vouchers for each working day. r W V M However, itDhasI been observedILandA reported that some V A I M G A branches are not A Sfollowing this AR N D r daily vouchers, whichW cause delays inV VA and procedure theAtimely are keeping FDR vouchers withM completionS M ofI the process. Field R D I maybeen I L Ato G r G A functionaries Aproper segregation have A N therefore D level advised r W V V of vouchers at the M M SI review the relevant circulars and ensure branch M according toDtheI specified retention I L Aperiod. A R N D r G W A V A A VA HO:BR:116:221 DATED S IM17.09.2024 R M I A (Click the IIcons to access full circular) D L G G N D r A A A Mr Regarding: Launch of Virtual RM (ADITI) & Gen Al Chatbot (ADI) M I W V AIntelligence-powered V I M L GA virtual assistants S"ADITI" which AR CUSTOMER EXPERIENCE DEPARTMENT Our BankN Dlaunched D I r A AtoV has two Artificial V A Relationship Manager is Virtual A I M and "ADI" theM D Generative AI Chatbot. I WThese tools aim I L G A enhance customer experience S by offering A Rpersonalized andAreal-time N D support, mimicking r G r M requests, account face-to-face W I statements, debit interactions. ADI providesV 10 basic V Acard requests, andAmore, while ADITISisI designed customer services such as M cheque book M N D D I L G A to AR A understand and respond toMcustomer queries inM r I W similar servicesAinV V A Key featuresAinclude I S personalization, real-time and will offer R lead generation,A24/7 D IL G G phases. A N D availability, multilingual r Mr support I W data analysis. A and real-time wait times,Dand streamline banking V tools aim to improve Both A V I M operational efficiency, IL services randG are available onABank’s S website AR reduce M A N D W along withV A V www.bankofbaroda.in. Bank I M has shared M flowchart of both the I virtual D assistants I L A Do’s G & Don’ts and given S a disclaimer that theR response given by Al N D G A Mr assistant may not always r W V A V A M M reflect the most current. I A I N D D I L r GA (Click the Icons A S access full circular) A W account AV R V A Vigilance-Functioning HO:BR:116:222 DATED I M 18.09.2024 M I to G A Preventive A S & CSR DEPARTMENT of BC and transaction R N D in his personal D IL r G A A Mr In view of the FINANCIAL INCLUSION I W instances A of Vnon-compliance in V IM of BCs, R M our BankN D continued has observed that D I L A G following theW A S the matter of functioning vigilance A A M certain branches are not M r I preventive debitA ofV V advisories. Bank has I therefore reiterated A account of ABCSfor the credit ofAcustomers that R No transaction account inN is DBranch and thereDshould to be created to the I L G r G personal W between accounts A the V of employeesAVand BC attached toIM M r M not I be any transaction L A S the Branch. Further, ourD N bank has accorded Iapproval for independent D r G inspectionWorAinquiry by zonalVAR internalAAuditors in case M M as well as reports I or complaints ofILBC A A V from Branch orSIATM of frauds by BC agents premises. R D G G N D A A Mr working r M HO:BR:116:223 W V V A I M D I DATED 21.09.2024 I L A A (Click the Icons toAaccess S full circular) AR Re: CKYCNProject - Launch of DNew Portal for M G r and Download Wof KYC Record fromV V AKYC Record Registry I M Search I A A Central S R N D D I L G r G W A V A A M r M OPERATIONS & SERVICES DEPARTMENT M At present toDcarryI out customerILdue A diligence, our bank V Arecords I Sregistry. has extended functionalities of R N D r G A W PCs for searching V A VA has made available Baroda CKYC application and Tab Banking to download from CKYC Now, A our Bank S IM a web portalRto allMbranches through D ICBS I L A r G and downloading of A KYC Records from Ajob card for the portal Central KYC Record A N Registry. Our bank D has shared M I W A V A V I M the link for accessing D the portal, I L detailed G along with A S following points N for compliance: Dadvised to ensureMconfidentiality r W VA M I Registry and Robtain explicit customer I A Field functionaries S are G download,WasAper bank guidelines. N D of customer KYC data from r the CKYC Record V A V A consent before each M D I I L A A N currentdownloaded  Documents should be used only G Dand A M M r on the date of download, ensuring they A V meet S IPrepared standards, obsolete or invalid documents should not be accepted. r G W A ARTeam, Baroda Apex Academy by Research V Page 4 of 17 M I A ND DIL Mr IW AV VA Mr D IL A SIM R N D rG WA V A VA IM M D I A IL GA A S A R A N D r G Mr D I W I L A V A V S I M R M N D r G A V A A VA The CKYC portalM I is chargeable, therefore M it should be used D IW only when necessary, I L A with audit trailsSbeing maintained. R N D G r G  KYC dataWmust A not be shared with V Athird parties andVshould A Mr M I identity or address. A I M GA only be used for verifying D I L A S A R  A N customer Dof consent formsM r W is essential A forV V I Proper record-keeping M I and downloaded documents D L r GA audits andWgrievance AS redressal.VAR A N DI M r G M HO:BR:116:228 D I DATED 26.09.2024 L A A S IMfull circular) R V(Click the Icons to access Nin Online PAN Verification D I r G RMenu in CBS. A A V A Relaxation M M Process through I W A V A OPERATIONS & SERVICES G SI a DEPARTMENT R for online APAN N Dverification, addressing D IL G Mr challenges faced W A The Bank has introduced I A V regarding name revised process A A Vmismatches between IMPAN data R Mr D I L by branches, particularly G API from NSDL A S was used for PAN A N Valid Documents D (OVD). Previously, r an failures A W AV and Officially A V I M M D I I L verification, G but after A S (name embossed May 2024, increased A verification R/ displayed on card) occurred due to differences Nand "Name of PANDHolder" r G Mr between "Name on Card" W V V A IM M I L A A S AR (appearing on ITR/ Traces / 26AS, etc.). N D D I r G A A M for branches W V A V this, the Bank To resolve S I M has implemented discretion R N D Ito accept genuineIcases D LA G G where name A mismatches occur. A A r Mr D I W I L A V A V S IM R M N D r G A V A A VA I M M D IW I L A G S R N D G M r I W A A V A V A I M Mr N D D I L r GA W A S V A R V A I M M I A D I L r GA W A S V A R A N D M r G M I A A V SI M N D D I L G A A R r W V A VA S IM R M D I I L A G G Bank has shared theA N detailed job card forAseeking relaxation using Rmenu as Annexure-1 A such cases under D to r Mr the circular.DThe I W revised process I L A V allows branches to V A slightly. AS specific AR accept I M M N conditions, such as when the D PAN is valid but r names Gdiffer W V V A I M M I A Apoints include: AS R N D D I L G G A A Mr Mr  Relaxation Key I W A V A V IM D I L G A S status). AR VA N is available D for Retail Customer due diligence andM r IDs with name mismatch ("N" W pertain to theAV Branches must ensure A same customer. IM I verify that both documents D IL G A S A R N D r G Mr  Customer W V must matchAtheVOVD. A M Ijustification M D I names in the CBS system I L A S R N RMenu D approval is mandatory G and valid for one-time r use, with A proper V A A VArequired for audit M Ipurposes. M D IW I L A G S A following existing R A guidelines while N D are r M addressed carefully W V V A I M DI to streamline theAPAN verification The circular emphasizes ensuring that discrepancies I L A Gprocess. A S N D r W A VA HO:BR:116:229 DATED S I M27.09.2024 R M (Click the IIcons to access full circular) D r G A A – Clarification A N Global Policy on KYC-AML-CFT M OPERATIONS W I& SERVICES (KYC-AML V A DEPARTMENT) V N D D I L r GA V A M IPrepared M G A A S ARTeam, Baroda Apex Academy r by Research Page 5 of 17 M I W A V ND DIL Mr IW AV VA Mr D IL A SIM R N D rG WA V A VA IM M D I A IL GA A S A R A N D r G Mr D I W I L A V A V S I M R M N D r G A V A As perAextant policy guidelines, M Bank shall M ensure that in case IofWcustomers who A A V organizations S I R D I L are G G N D A A Mr non-profit or NPO, the details of such customers are registered on the Mr DARPAN PortalW of NITI Aayog. If theVsame is not registered, A V clarified I Mthe details D I I L A A Bank shall register S R N on the DARPAN portal. Through D this circular, our G Bank r has that Abefore W on DARPAN onboarding V A V new NPO A customers, theIBank M may ensure thatM I such customers are registered A A S Ron DARPAN portal, D Nif not already done.DI L G r G portal of NITI Aayog. A For the existing NPO A customers, the Bank A may follow-up with such r IW AV V IM M NPO customers for getting them registered M D I L A S R N D r G (Click the Icons A access full circular) A V VAList of Third S I W by IBA. ILA HO:BR:116:231 DATED 30.09.2024 to A Caution IMEntities (TPEs)Rinvolved Party M in fraud maintained D G DEPARTMENT) N D G r A A A Mr OPERATIONS & SERVICES (KYC-AML M W IIndian Banks' Association V A is made available V A on the Bank’s I M Through this D circular, our Bank I Lhas informed that G list of third parties A S involved under AR in fraud maintained N by D r Intranet A A path:VDOCUMENTS →IM RESOURCES → IBA M CAUTION LIST D IW → THIRD PARTY I L AV G ENTITIES. During aArecent S meeting, IBAAdeliberatedR N and issued an D r G r M tolistmember banksW V A on this matter Voperational staffSmust advisory IMensured M D I and with I L A entities. Further,Acompliance financial institutions emphasizing that verify the by AR N before engaging D third-party r G A should be A M M I W the servicesA ofV V incorporating this mandatory ATPEs. The list A of S I verification as a checkpoint TPEs includes GoldRLoan Appraiser or before considering D I L G r G any A A NAssayer, D