Thursday, 10 March 2016

BANKING TERMS -1

Q:What is Creditworthiness .
A:It is the capacity of a borrower to repay the loan / advance in time alongwith interest as per agreed terms.
Q:What is Core Banking Solutions (CBS) .
A: Core Banking Solutions is a buzz word in Indian banking at present, where branches of the bank are connected to a central host and the customers of connected branches can do banking at any breach with core banking facility.
Q:Who is Debtor .
A:A person who takes some money on loan from another person.
Q:What do you mean by Dematerialization of Shares.
A: These converted Share Certificates in Electronic form are kept in a Demat Account by the Depository Company, like a bank keeps money in a deposit account. Investor can withdraw the shares or purchase more shares through this demat Account.
Q:What do understand by word E-Banking .
A: E-Banking or electronic banking is a form of banking where funds are transferred through exchange of electronic signals between banks and financial institution and customers ATMs, Credit Cards, Debit Cards, International Cards, Internet Banking and new fund transfer devices like SWIFT, RTGS belong to this category.



 Anil Aggarwal
Owner & Manager at Anil Aggarwal Coaching
(A proprietorship concern for IBPS exam guidance and Bank Interview preparation)
 Mobile:                               +91 9811340788
E-mail ID:         anilakshita@yahoo.co.in
Office: Flat #49, Trilok Apartments, Patparganj, I.P. Extension, Delhi-110092.

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