Friday, January 19, 2018

Banking Operation
  • The benefits of this facility for the customers are unending. Internet banking in India is a welcome chan ...

    The benefits of this facility for the customers are unending. Internet banking in India is a welcome change for the customers and a money-spinning delivery network for the financial institutions. Ment ...

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  • Priority Sector refers to those economically weaker sectors which may not get timely and adequate credit ...

    Priority Sector refers to those economically weaker sectors which may not get timely and adequate credit in the absence of this special dispensation. Priority Sector Lending is an important role given ...

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  • Money laundering involves disguising financial assets so that they can be used without detection of the i ...

    Money laundering involves disguising financial assets so that they can be used without detection of the illegal activity that produced them. Through money laundering, the launderer transforms the mone ...

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  • A Non-performing asset (NPA) is defined as a credit facility in respect of which the interest and/or inst ...

    A Non-performing asset (NPA) is defined as a credit facility in respect of which the interest and/or installment of principal has remained ‘past due’ for a specified period of time. In simple terms, a ...

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  • Liabilities are a vital aspect of a company's operations because they are used to finance operations and ...

    Liabilities are a vital aspect of a company's operations because they are used to finance operations and pay for large expansions. They can also make transactions between businesses more efficiently. ...

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  • Asset means a financial or an economic resource. Asset includes all those things (either tangible or inta ...

    Asset means a financial or an economic resource. Asset includes all those things (either tangible or intangible ones) which are capable of being owned or leased out (rented) to generate a value (price ...

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  • Know Your Customer (KYC) is a process by which banks obtain information about the identity and address of ...

    Know Your Customer (KYC) is a process by which banks obtain information about the identity and address of the customers. This process helps to ensure that banks’ services are not misused. The KYC proc ...

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  • ; Core Banking Solution (CBS) is networking of branches, which enables customers to operate their account ...

    ; Core Banking Solution (CBS) is networking of branches, which enables customers to operate their accounts, and avail banking services from any branch of the Bank on CBS network, regardless of where h ...

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