Home Daily Dose Banking Term Of The Day

Banking Term Of The Day

- Advertisement -
- Advertisement -

Most Commented

Banking Term of the day

Asset/Liability Committee (ALCO) A risk management committee in a bank that evaluates the risk associated with the bank's assets and liabilities. It manages interest rate...

Banking Term of the day

Automated Clearing House (ACH): ============ ▪A computerized facility used by member depository institutions to electronically combine, sort, and distribute inter-bank credits and debits. ▪ACHs process electronic transfers...

Banking Term of the day

Annual Percentage Yield (APY): =============== ▪️A percentage rate reflecting the total amount of interest paid on a deposit account based on the interest rate and the...

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

Repo Rate ================ ▪️Repo rate is a rate at which banks borrow from RBI for short periods up to 7 or 14 days but predominantly overnight. ▪️RBI...

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...

Banking Term of the day

Automated Teller Machine (ATM): ============ ▪️A machine, activated by a magnetically encoded card or other medium that can process a variety of banking transactions. These include...
- Advertisement -

Editor Picks

- Advertisement -