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 hours of working, failure...

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 insurance, medi-policies and...

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 can have...

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 under the Companies Act,...

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 existing account. Adverse Action...

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 Credit Opportunity Act, a creditor's refusal...

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 loan as market conditions...

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 settlement date. ▪Accrued interest on bonds must be...

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, doing Mutual Fund...

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 the public by the issuer...
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Economics Notes on ” MicroEconomics and MacroEconomics “

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General Awareness play a vital role in all  Examination. we can expect  Questions from different Topics.In Banking and other competitive exams like RRB, CDS,...

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