WebGolden Rule of Banking. Short term transactions should be financed with short term money, and long term transactions with long term funds. Gordon Gekko. Fictional stockbroker from the 1987 film Wall Street who has … Web4. Cash Reserve Ratio. In India, all the banks have to maintain a certain amount of funds with the Reserve Bank of India. This is called the Cash Reserve Ratio. It is usually increased when the RBI wants to control liquidity in the market. The current CRR rate is 3%. 5. Retail Banking.
Banking Terminology: Banking Terms with Examples - Toppr
WebNov 3, 2016 · A check issued by a bank, usually for a fee, funded by the bank's money and signed by a cashier or teller. WebLooking for the definition of PTS.? Find out what is the full meaning of PTS. on Abbreviations.com! 'Points' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. defer to someone\u0027s expertise
Points: Meaning in Mortgage Rates, Stocks, Bonds - Investopedia
WebApr 6, 2024 · Banking is the business of protecting money for others. Banks lend this money, generating interest that creates profits for the bank and its customers. A bank is a financial institution licensed to accept deposits and make loans. But they may also perform other financial services. The term “bank” can refer to many different types of ... WebA method of transferring funds between banks, businesses or individual people. Two types of EFT are the automated clearing house (ACH) network and wire transfers. Electronic … WebCompound interest is the interest earned on the deposit plus the interest earned on the same deposit previously. For example, if you’ve deposited Rs.1 lakh into a bank, and the … defervesced fever