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...
Banking Term of the day
Credit Crunch
A credit crunch, credit crisis, or credit squeeze occurs when the general availability of credit declines considerably. We also use the term when...
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...
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...
Banking Term of the day
Public Credit Registry (PCR)
The PCR will be an extensive database of credit information for India that is accessible to all stakeholders. The idea...
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,...
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...
Banking Term of the day
Off-balance sheet exposures
Off-balance sheet exposures refer to activities that are effectively assets or liabilities of a company but do not appear on the company’s...
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...
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...
