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Banking jobs can be really tough. Here's why: In private banks: • Selling loans and credit cards is super hard • You have big targets to meet • If you don't hit them, you might lose money or even your job • Getting people to open new accounts is just as tricky In public banks: • Being a branch manager is really stressful • You have to deal with cash, audits, and loans • Chasing people who don't pay back loans is a big headache • Your bosses expect you to grow the bank's money • You get blamed for problems, even when it's not your fault Both jobs are challenging in their own ways. It's all about handling pressure and trying to meet lots of different goals at once.

The Reserve Bank of India (RBI) has announced the appointment of Shri Arnab Kumar Chowdhury as Executive Director (ED), effective June 3, 2024. Chowdhury, previously serving as Chief General Manager-in-Charge in the Department of Supervision, brings over 30 years of experience within the RBI. His expertise spans supervision of financial entities, corporate strategy, budgeting, accounting, and policy formulation. In his new role, Chowdhury will oversee: 1. Deposit Insurance and Credit Guarantee Corporation 2. Foreign Exchange Department 3. International Department A Chartered Accountant with a master's degree in Economics, Chowdhury is also a Certified Associate of the Indian Institute of Banking and Finance (IIBF). This appointment marks another step in the RBI's ongoing efforts to strengthen its leadership team. What are your thoughts on how this might impact India's financial sector?

1. Secured Overdraft Facility: This is an overdraft limit provided to a customer that is backed by collateral. The limit depends on the value of the asset pledged as collateral. Common types of secured overdrafts are: • Overdraft against property - In this type, the borrower's residential or commercial property is kept as collateral against the overdraft limit sanctioned by the lender. • Overdraft against fixed deposits - Here, the borrower uses their fixed deposits or recurring deposits as security. • Overdraft against equity - Some lenders provide overdraft facilities by accepting the borrower's equity investments like shares, mutual funds, etc. as collateral.