July 1, 2017
Banking Awareness
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Initially set up to supplant indigenous sources of rural credit, particularly money lenders, today they mostly serve the needs of agriculture and allied activities, rural-based industries and to a lesser extent, trade and industry in urban centers. These are allowed
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June 30, 2017Banking AwarenessNo Comments
An establishment that focuses on dealing with financial transactions, such as investments, loans and deposits. FIs are development financial institutions which provide long-term funds for industry and agriculture. All these institutions are under off-site and on-site surveillance of the Central
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June 28, 2017Banking AwarenessNo Comments
Primary dealers also known as PDs, deal in government securities and deal in both primary and secondary markets. Their basic responsibility is to provide markets for government securities and strengthen the government securities market. Thus PDs are acting as a
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June 25, 2017Banking AwarenessNo Comments
NBFCs are allowed to raise deposits from the public and lend through various instruments including leasing, hire purchase and bill discounting etc. These are licensed and supervised by the Central Banking Authority. Central Bank prescribes that no NBFC can operate
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June 22, 2017Banking AwarenessNo Comments
Commercial banks include public sector banks, foreign banks and old and new private sector banks. Acceptance of deposits from the public for the purpose of lending or investment in the main area of activity.
March 5, 2017Banking Awareness, Study NotesNo Comments
NOSTRO ACCOUNT A bank account held in a foreign country by a domestic bank, denominated in the currency of that country. Nostro accounts are used to facilitate settlement of foreign exchange and trade transactions. The term is derived from the Latin
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September 9, 2016Banking AwarenessNo Comments
The term CORE means – Centralised Online Real-time Exchange. What is CBS? CBS refers to the software applications for recording transactions, storing customer information, calculating interest and completing the process of passing entries in a single database. What CBS does? CBS
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September 8, 2016Banking AwarenessNo Comments
> Housing — NHB > Agriculture — NABARD > Industries – IDBI > Sick industries — IIBIL > Small industries — SIDBI > Micro industries — NEF ( National Empowerment Fund) > Banks – RBI > Infrastructure — IIFCL
September 3, 2016Banking AwarenessNo Comments
(a) ‘Nostro Account’ A bank account held in a foreign country by a domestic bank, denominated in the currency of that country. Nostro accounts are used to facilitate settlement of foreign exchange and trade transactions. The term is derived from
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September 1, 2016Banking AwarenessNo Comments
01. ISCI – International Standard Industrial Classification 02. KCC – Kisan Credit Card 03. KVIC – Khadi and Village Industries Corporation 04. KYC – Know your customer 05. LAMPS – Large Sized Adivasi Multipurpose societies 06. LERMS – Liberalised Exchange Rate
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