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written by an individual to transfer amount between two accounts of the same bank or a different bank and the money is withdrawn from the account.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.
ആദ്യ വനിതാ പ്രസിഡന്റ് മരിയ ഇസബെൽ പെറോൺ .
ആദ്യ വനിതാ പ്രധാന മന്ത്രി സിരിമാവോ ബന്ദാര നായകെ .
ഒരു ഇസ്ലാമിക രാജ്യത്തിലെ ആദ്യ വനിതാ പ്രധാന മന്ത്രി ബേനസീർ ഭൂട്ടോ .
എവറസ്റ്റു കീഴടക്കിയ ആദ്യ വനിത ജൂങ്കോ താബി .
ആദ്യ വനിതാ ബഹിരാകാശ സഞ്ചാരി വാലന്റീന തെരഷ്കോവ .
ബഹിരാകാശ യാത്ര നടത്തിയ ആദ്യ മുസ്ലിം വനിത അനുഷേ അൻസാരി .
ആദ്യ വനിതാ ബഹിരാകാശ വിനോദ സഞ്ചാരി അനൗഷേ അ...
African Union A United and Strong Africa .
Amnesty International It is better to light a candle than to curse the darkness .
Association of South East Nations (ASEAN) One vision, One Identity, One community .
Federation Internationale de Football Association (FIFA) For the Game, For the World. .
International Basketball Federation (FIBA) We are basketball .
International Chamber of Commerce The World Business Organization .
International Committee of the Red Cross (ICRC) Inter Arma Caritas (In War, Charity) .
International Cricket Council (ICC) Great Sport, Great Spirit .
International Hockey Federation (FIH) FairPlay Friendship Forever .
International Olympic Committee Faster, Higher, Stronger (Citius, Altius, Fortius) .
International Union of Pure and Applied Chemistry (IUPAC) Advancing Chemistry Worldwide .
Internet Corporation for Assigned Names an...
Sree Narayana Guru (ca. 1854 – 20 September 1928), was a social reformer of India. He was born into a family of the Ezhava caste in an era when people from such communities, which were regarded as Avarna, faced much injustice in the caste-ridden society of Kerala. He led a reform movement in Kerala, rejected casteism, and promoted new values of spiritual freedom and social equality. Source: https://en.wikipedia.org/wiki/Narayana_Guru .
The first malayale to appear in the Indian postal stamp Answer: Sree Narayana Guru The first malayale to appear in the Sri Lankan postal stamp Answer: Sree Narayana Guru() The only foreign country visited by Sree Narayana Guru Answer: Sri Lanka The first malayalie to be inscribed on a coin of Reserve Bank of India Answer: Sree Narayana Guru Sree Narayana Jayanti Boat race conducted in Answer: Kumarakam(Kottayam) Sree Narayana Trophy Boat race conducted in Answer: Kannetti kayal(karunagapalli) The temple which&nbs...
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