Banking Terms Archive
Digital Channel Enablers for Payments and Settlements
Digital channel enablers worked miracles in India and succeeded in making digital banking transactions the first choice for payments and settlements. Competition among banks to delight customers through better banking experience popularised the digital channels and digital
Digital Channels for Payments & Settlements
Digital channels and Digital banking have transformed banking and investments across the globe. Indian banking system too has embraced digital channels for payments and settlements. In fact digital revolution has taken the country by storm. Like in
LTRO – Long Term Repo Operations by RBI
LTRO, Long-term repo operations, is a new liquidity tool announced by the Reserve Bank of India to stimulate the Indian economy. RBI, the central Bank of India, announced the measures on 6th February, 2020. LTROs are effectively
General Lien and Particular Lien
Lien is defined as the right possessed by a person to retain or detain the goods or property belonging to another person for the non-fulfillment of an obligation by that other person. Two kinds of lien are
MCLR -Marginal Cost of Funds Based Lending Rate
MCLR, Marginal Cost of Funds Based Lending Rate System interest regime came into effect on April 1, 2016. This was a refined version of Base Rate system announced by RBI to further enhance the transparency of credit
31 Mar 19
CategoryBanking Terms, Banking Terms - Loans, Quick Reference, Regulators & Institutions
No Comment
Read More
Lending Rates- PLR, BPLR and BR- An Overview
The interest rate on lending was de-regulated by RBI in October 1994. This was as part of the financial sector reforms initiated in India in 1991. Since 1994, RBI has introduced various benchmarks and guidelines with regard
31 Mar 19
CategoryBank Loans- General, Banking Terms, Banking Terms - Loans, Quick Reference, Regulators & Institutions
One Comment
Read More
Term Deposit (Fixed Deposit) & Interest
Term deposits are well known for the safety, liquidity and flexibility. Term deposit also known as fixed deposit allows a customer to lock in his deposit for a specific period at the interest rate prevailing at the
Documents, Instruments and Stamping
Stamping of documents in India is governed by the Indian Stamp Act,1899. This Act is a revenue legislation specially enacted with the aim of raising revenue for the Government. The Act does not cover the State of
Banking Functions and Economic Importance of Banks
Bank is a financial institution that facilitates transfer of money from one person or business to another person or business. Basically it is an institution for keeping, lending, transferring and exchanging money. Banks lend money that they
Banking and Investment Terms- Beginning with ‘A’
Here is a list of banking and investment terms starting with letter A and often referred in connection with banking and investment activities. Absolute Title The perfect ownership a person has on a land. Absolute title confirms
- 1
- 2