Most Commonly Used Banking Terms.
Most Commonly Used Banking Terms.
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- Bank Rate : It is the rate of interest charged by a central bank to commercial banks on the advances and the loans it extends.
- Bouncing of a cheque : When an account has insufficient funds the cheque is not payable and is returned by the bank for a reason "Exceeds arrangement" or "funds insufficient".
- CRR (Cash Reverse Ratio) : The amount of funds that a bank keep with the RBI. If the percentage of CRR increases then the amount with the bank comes down.
- Cheque : It is written by an individual to transfer amount between two accounts of the same bank or a different bank and the money is withdrawn from the account.
- Core Banking Solutions (CBS) : In this, all the branches of the bank are connected together and the customer can access his/her funds or transactions from any other branch.
- Debit Card : This is a card issued by the bank so the customers can withdraw their money from their account electronically.
- Demat Account : The way in which a bank keeps money in a deposit account in the same way the Depository company converts share certificates into electronic form and keep them in a Demat account.
- E-Banking : It is a type of banking in which we can conduct financial transactions electronically. RTGS, Credit cards, Debit cards etc come under this category.
- EFT (Electronic Fund Transfer) : In this, we use Automatic teller machine, wire transfer and computers to move funds between different accounts in the different or same bank.
- Fiscal Deficit : It is the amount of Funds borrowed by the government to meet the expenditures.
- Initial Public Offering (IPO) : It is the time when a company makes the first offering of the shares to the public.
- Leverage Ratio : It is a financial ratio which gives us an idea or a measure of a company’s ability to meet its financial losses.
- Liquidity : It is the ability to convert an investment quickly into cash with no loss in value.
- Market Capitalization : The product of the share price and a number of the company’s outstanding ordinary shares.
- Mortgage : It is a kind of security which one offers for taking an advance or loan from someone.
- Mutual Fund : These are investment schemes. It pools money from various investors in order to purchase securities.
- Pass Book : It is a book where all the bank transactions are recorded.They are mainly issued to Current or Savings Bank account holders.
- Repo Rate : Commercial banks borrow funds from the RBI if there is any shortage in the form of rupees. If this rate increases it becomes expensive to borrow money from RBI and vice versa.
- SLR (Statutory Liquidity Ratio) : It is the amount that a commercial bank should have before giving credits to its customers which should be either in the form of gold, money or bonds.
- Savings Bank Account : This is an account of nominal interest which can only be used for personal purpose and which has some restrictions on withdrawal.
- Teller : He/she is a staff member of the bank who cashes cheques, accepts deposits and perform different banking services for the general mass.
- Universal Banking : When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as universal banking.
- Virtual Banking : Internet banking is sometimes known as virtual banking. It is called so because it has no bricks and boundaries. It is controlled by the world wide web.
- Wholesale Banking : It is similar to retail banking with a slight difference that it mainly focuses on the financial needs of the institutional clients and the industry.
- Zero Coupon Bond : It is a bond that is sold at a good discount as it has no coupon.
Jnanpith Award is the oldest and the highest Indian literary award presented annually by the Bharatiya Jnanpith to an author for their "outstanding contribution towards literature". The Bharatiya Jnanpith, a research and cultural institute founded in 1944 by industrialist Sahu Shanti Prasad Jain of the Sahu Jain family, conceived an idea in May 1961 to start a scheme "commanding national prestige and of international standard" to "select the best book out of the publications in Indian languages".
The first prize was won in 1965 for G. Sankarakuruppu's collection of poems'Odakkuzhal'. G Shankara Kurup (The first poet in Malayalam literature) received the award in 1965. S.K. Pottakkad (1980), Takashi Sivasankarappilla (1984), MT Vasudevan Nair (1995), ONV. Kurup (2007) and Akkitham Achuthan Namboothiri (2019) are the other poets who won the Jnanpith Award for their contributions to Malayalam literature.
firstRectAdvt Jnanpith Award Winners list...
Vallathol Award is the literary award given by the Vallathol Sahithya Samithi for contribution to Malayalam literature in the name of the late famous Malayalam poet Vallathol Narayana Menon. . The award was instituted in 1991 in memory of Vallathol Narayana Menon, one of the modern triumvirate poets (Adhunika kavithrayam) of Malayalam poetry. The prize includes a cash prize of ₹ 1,11,111 and a plaque.
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Vallathol Award Winners Here is a complete list of Vallathol Award winners.
Year Recipient .
1991 Pala Narayanan Nair .
1992 Sooranad Kunjan Pillai .
1993 Balamani Amma, Vaikom Muhammad Basheer .
1994 Ponkunnam Varkey .
1995 M. P. Appan .
1996 Thakazhi Sivasankara Pillai .
1997 Akkitham Achuthan Namboothiri .
1998 K. M. George .
1999 S. Guptan Nair .
2000 P. Bhaskaran .
2001 T. Padmanabhan...
ഇന്ത്യ - അമേരിക്ക - ജപ്പാൻ = മലബാർ .
ഇന്ത്യ - അമേരിക്ക = റെഡ് ഫ്ലാഗ്.
ഇന്ത്യ - ഒമാൻ = നസീം അൽ ബഹാർ.
ഇന്ത്യ - നേപ്പാൾ = സൂര്യകിരൺ.
ഇന്ത്യ - ഫ്രാൻസ് = വരുണ.
ഇന്ത്യ - ബ്രസീൽ - ദക്ഷിണാഫ്രിക്ക = IBSAMAR.
ഇന്ത്യ - ബ്രിട്ടൻ = കൊങ്കൺ.
ഇന്ത്യ - മംഗോളിയ = നൊമാഡിക് എലഫന്റ്.
ഇന്ത്യ - യൂ എ ഇ = ഡെസേർട്ട് ഈഗിൾ 2.
ഇന്ത്യ - റഷ്യ = ഇന്ദ്ര.
ഇന്ത്യ-തായ്ലൻഡ് = മൈത്രി.
ശ്രീലങ്ക - ഇന്ത്യ = SLINEX...
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