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written by an individual to transfer amount between two accounts of the same bank or a different bank and the money is withdrawn from the account.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...
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