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Banking Term Of The Day

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

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 it suddenly becomes more difficult to get...

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 of interest paid on a deposit account...

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 constraint for transacting banking business.

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 is to capture all relevant information in...

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

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 constraint for transacting banking business.

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 balance sheet. The off-balance sheet exposures in...

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

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 again this percentage is of the percentage...
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Accountancy Notes For SSC CGL 2019-20 on : ...

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To run a business you need data, records, reports, analysis, accurate information about assets, debts, liabilities, profits; and that is why Accounting is Importance...

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