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Banking Term Of The Day

May, 2018

  • 1 May

    Banking Term of the day

    Automated Clearing House (ACH): ============ ▪A computerized facility used by member depository institutions to electronically combine, sort, and distribute inter-bank credits and debits. ▪ACHs process electronic transfers of government securities …

April, 2018

  • 29 April

    Banking Term of the day

    Annual Percentage Yield (APY): =============== ▪️A percentage rate reflecting the total amount of interest paid on a deposit account based on the interest rate and the frequency of compounding for …

  • 27 April

    Banking Term of the day

    Annual Percentage Rate (APR) ============= ▪️ The cost of credit on a yearly basis, expressed as a percentage. Annual Percentage Yield (APY) ======== ▪A percentage rate reflecting the total amount …

  • 25 April

    Banking Term of the day

    Anytime Banking =================== ▪️With introduction of ATMs, Tele-Banking and internet banking, customers can conduct their business anytime of the day and night. ▪The ‘Banking Hours’ is not a constraint for …

  • 23 April

    Banking Term of the day

    Repo Rate ================ ▪️Repo rate is a rate at which banks borrow from RBI for short periods up to 7 or 14 days but predominantly overnight. ▪️RBI manages this repo …

  • 21 April

    Banking term of the day

    SLR, Statutory Liquidity Ratio ============== ▪SLR is the amount of money that is invested in certain specified securities predominantly central government and state government securities. Once again this percentage is …

  • 19 April

    Banking Term of the day

    Automated Teller Machine (ATM): ============ ▪️A machine, activated by a magnetically encoded card or other medium that can process a variety of banking transactions. These include accepting deposits and loan …

  • 17 April

    Banking Term of the day

    Anytime Banking =================== ▪️With introduction of ATMs, Tele-Banking and internet banking, customers can conduct their business anytime of the day and night. ▪The ‘Banking Hours’ is not a constraint for …

  • 15 April

    Banking Term of the day

    Bank Ombudsman: ============= ▪Bank Ombudsman is the authority to look into complaints against Banks in the main area collection of cheque / bills, issue of demand drafts, non-adherence to prescribed …

  • 13 April

    Banking Term of the day

    Bancassurance: ================= ▪Bancassurance refers to the distribution of insurance products and the insurance policies of insurance companies which may be life policies or non-life policies like home insurance – car …

  • 11 April

    Banking Term of the day

    Banker’s Lien: ▪️Bankers lien is a special right of lien exercised by the bankers, who can retain goods bailed to them as a security for general balance of account. Bankers …

  • 8 April

    Banking term of the day

    Non Banking Financial Companies ============= ▪️NBFCs or Non Banking Financial Companies are those companies which provide banking services without meeting the legal definition of a bank. ▪A NBFC is incorporated …

  • 7 April

    Banking term of the day

    Adverse Action =================== ▪Under the Equal Credit Opportunity Act, a creditor’s refusal to grant credit on the terms requested, termination of an existing account, or an unfavorable change in an …

  • 6 April

    Banking term of the day

    Arbitrage ========== ▪Buying a financial instrument in one market in order to sell the same instrument at a higher price in another market. -> Adverse Action ================= ▪Under the Equal …

  • 5 April

    Banking term of the day

    Adjustable-Rate Mortgages (ARMS) ▪Also known as variable-rate mortgages. The initial interest rate is usually below that of conventional fixed-rate loans. ▪The interest rate may change over the life of the …

  • 3 April

    Banking Term of the day

    ->Acquiring Bank ———————- ▪In a merger, the bank that absorbs the bank acquired. ->Accrued interest ———————- ▪Interest due from issue date or from the last coupon payment date to the …

  • 1 April

    Banking Term of the day

    Business of Banking ========= ▪Accepting deposits, borrowing money, lending money, investing, dealing in bills, dealing in Foreign Exchange, Hiring Lockers, Opening Safe Custody Accounts, Issuing Letters of Credit, Travelers’ Cheques, …

March, 2018

  • 25 March

    Banking term of the day

    =>Offer for Sale: ▪An offer to the public by, or on behalf of, the holders of securities already in issue. => Offer for Subscription: ▪The offer of new securities to …

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