Entrance Exams
Govt. Exams
BHIM AEPS enables cardless, cashless transactions using Aadhaar biometrics, promoting financial inclusion in rural areas.
CCIL acts as a central counterparty (CCP) for trades in money markets and government securities, reducing counterparty risk.
RTGS enables real-time settlement of fund transfers, typically for high-value transactions above Rs. 2 lakhs.
NPA (Non-Performing Asset) refers to a loan or advance where interest and principal payments are overdue for 90 days or more.
Pradhan Mantri Fasal Bima Yojana (PMFBY) provides crop insurance protection to farmers against crop failure due to natural calamities.
Under Basel III, the minimum CAR for Scheduled Commercial Banks is 11.5%, comprising 9.5% for common equity and 1% for additional tier-1 capital.
RBI issued Guidelines on Digital Lending Operations in 2023 to regulate fintech lending platforms and digital lenders.
As per RBI guidelines, banks must maintain a minimum SLR of 18% of their net demand and time liabilities.
KYC (Know Your Client) is a mandatory compliance process to verify customer identity and assess their financial profile.
A Promissory Note is a negotiable instrument that represents a written promise to pay a specified sum to a creditor.