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Banking Concepts – External Commercial Borrowings

What is ECB? Under the ECB window, companies in India are allowed to borrow from overseas, under certain conditions, through different instruments. The Reserve Bank...

Banking Concepts: All About Stock Market Index

What is a stock market index? A stock market index is a number that measures the relative value of a group of stocks. As the...

Banking Concepts – Islamic Finance

What is Islamic finance? Islamic finance refers to a financial system that is consistent with the principles of Sharia, the sacred law of Islam. It is different from...

Banking Concepts – Cheque Truncation System (CTS)

What is Cheque Truncation? It is one of the major innovations in cheque clearing after the Magnetic Ink Character Recognition (MICR) cheques introduced in the 80s. Cheque truncation...

Banking Concepts – Understanding IMPS

Dear Aspirants, On popular demand we are starting a Knowledge Series on various Banking and Economy Concepts which are making news these days...The first of...

BANKING TERMS – II

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SOME IMPORTANT BANKING TERMS:

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BANKING CONCEPT: COMMERCIAL PAPER

1. What is Commercial Paper (CP)? Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. 2. When Commercial Paper was...

BANKING CONCEPTS : THE RTGS SYSTEM

Q1. What is RTGS System? Ans. The acronym 'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of...

BANKING CONCEPTS :THE NEFT SYSTEM

Q.1. What is NEFT? Ans: National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme,  individuals, firms and...
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