Q:What is Brick & Mortar Banking .
A: Brick and Mortar Banking refers to traditional system of banking done only in a fixed branch premises made of brick and mortar.
Q:What is Bouncing of a cheque .
A:Where an account does not have sufficient balance to honour the cheque issued by the customer , the cheque is returned by the bank with the reason "funds insufficient" or "Exceeds arrangement".This is known as 'Bouncing of a cheque' .
Q:What is CURRENT ACCOUNT DEFICIT.
A:'A measurement of a country’s trade in which the value of goods and services it imports exceeds the value of goods and services it exports. The current account also includes net income, such as interest and dividends, as well as transfers, such as foreign aid, though these components tend to make up a smaller percentage of the current account than exports and imports. The current account is a calculation of a country’s foreign transactions, and along with the capital account is a component of a country’s balance of payment.
Q:What do mean by word CASA.
A:CASA (current and savings account) ratio is the ratio of deposits in the current and savings accounts of a bank to its total deposits.
Q:What do you mean by word Cheque Truncation.
A: Cheque truncation, truncates or stops the flow of cheques through the banking system. Generally truncation takes place at the collecting branch, which sends the electronic image of the cheques to the paying branch through the clearing house and stores the paper cheques with it.
A: Brick and Mortar Banking refers to traditional system of banking done only in a fixed branch premises made of brick and mortar.
Q:What is Bouncing of a cheque .
A:Where an account does not have sufficient balance to honour the cheque issued by the customer , the cheque is returned by the bank with the reason "funds insufficient" or "Exceeds arrangement".This is known as 'Bouncing of a cheque' .
Q:What is CURRENT ACCOUNT DEFICIT.
A:'A measurement of a country’s trade in which the value of goods and services it imports exceeds the value of goods and services it exports. The current account also includes net income, such as interest and dividends, as well as transfers, such as foreign aid, though these components tend to make up a smaller percentage of the current account than exports and imports. The current account is a calculation of a country’s foreign transactions, and along with the capital account is a component of a country’s balance of payment.
Q:What do mean by word CASA.
A:CASA (current and savings account) ratio is the ratio of deposits in the current and savings accounts of a bank to its total deposits.
Q:What do you mean by word Cheque Truncation.
A: Cheque truncation, truncates or stops the flow of cheques through the banking system. Generally truncation takes place at the collecting branch, which sends the electronic image of the cheques to the paying branch through the clearing house and stores the paper cheques with it.
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