GENERAL BANKING Archive
Automated Teller Machine –Services and Precautions
Automated Teller Machines were the first step in the digital journey of banking system in India. In a short span of time, ATMS became very popular. As of now, more than 2,40,000 Automated Teller Machines are deployed
16 Jan 19
CategoryBanking Awareness, Banking Products & Schemes, Digital Banking Products
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Amalgamation of BOB, Vijaya Bank and Dena Bank Gets Nod
The Boards of Bank of Baroda (BOB), Dena Bank and Vijaya Bank have approved the share swap ratio for the proposed amalgamation of the three banks. This step follows the approval of amalgamation accorded by the Central
Three Pillars Of Basel Accord And Global Financial Markets
Dependents among nations for various purposes have a long history though integration of global markets to the present position is of recent origin. As of now, the decision taken by one country has the potential to alter
Real Time Gross Settlement (RTGS) & NEFT
RTGS stands for Real Time Gross Settlement. It is a system for fund transfer where the settlements are taking place on real-time in a continuous manner. Transactions are settled individually on a transaction by transaction basis. 'Real
20 Dec 18
CategoryBanking Awareness, Digital Banking Products, Everything About
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Cross Border Transactions and PPIs
PPI (Prepaid Payment Instrument) is permitted to be used for cross border transactions for permissible current account transactions. A Cross Border Transaction or International Transaction is a transaction relating to international trade between two or more entities
Quantitative and Qualitative Credit Control methods
Monetary policy aims to achieve accelerated growth with price stability. Implementation of monetary policy is one of the major roles of central banks. The central banks world over achieve these objectives through two types of credit controls
Monetary Policy and Its Major Objectives
Monetary Policy Monetary Policy is the process through which monetary authority of a country controls the supply of money and liquidity in the economy by exercising its control over interest rates. Monetary authority is normally the central
Back Series GDP data prior to 2011-12
Government of India adopted a new method for calculation of Gross Domestic Product (GDP) growth in 2015.The base year for calculation of GDP was revised from earlier 2004-05 to 2011-12. This created a practical problem of comparing
Gross National Product (GNP) and Net National Product (NNP)
Gross National Product or GNP is arrived at by adding monetary value of Net Factor Income from abroad to Gross Domestic Product. GDP considers the monetary value of goods and services produced within the domestic territory by
Gross Domestic Product (GDP) and Net Domestic Product (NDP)
Gross Domestic Product or GDP is the money value of all final goods and services produced in the domestic territory of a country during an accounting year. Gross stands for ‘total’ and Domestic means all activities taking