Banking terms list of important banking terminology pdf. Banks may also provide financial services, such as wealth management, currency exchange and safe deposit boxes. At its most basic, banking involves an institution holding money on behalf of customers that is payable to the customer on demand, either by appearing at the bank for a withdrawal or by writing a check to a third party. Evidence from the survey of consumer finances dean f. Abbreviations are commonly asked in ibps, sbi, rbi, rrb, upsc and other banking exams. Anytime banking with introduction of atms, telebanking and internet banking, customers can conduct their business anytime of the day and night. Mobile banking terms and conditions mobile banking ing s mobile banking app allows you, amongst other things, to check your balance, see recent transactions and make payments using a mobile device etc. Financial system lexicon the financial system lexicon, although not exhaustive, has been created as an aid to consistent usage. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
Banking definition and meaning collins english dictionary. Here some banking terms are given and their definitions are also updated soon. We hope, it may help you in competitive exams acronyms. These days most of the competition examinations have a paper for financial awareness or banking awareness. Important banking terms sbi, ibps po clerk so rrb exam. This is a proxy or estimate used for capital when the sensitivity of capital to changes in prevailing interest rates is calculated. As used by thrift institutions and the ots, the term has been replaced by net portfolio value or npv.
Glossary of banking terms and definitions wealth how. A nongaap financial measure used to assess each of the banks businesses and to measure the banks overall performance. The definitions of general banking terms for interview are very helpful to one who is preparing for bank exams and to answer the. This wealthhow article presents to you a glossary of banking terms and definitions that might help resolve your doubts. Typically, corporate banking is a specialized division of a commercial bank that offers various banking solutions, such as credit management, asset management, cash management, and underwriting to large corporations as well as to small and mediumsized enterprises smes. This section of the site answers questions like what is a bank, what is a financial institution, what is a credit union, what is an atm, and many more types of banking institutions. While many of us are aware of basic banking terms, there is a plethora of confusing technical terminology associated with banking and finance.
Dictionary of banking terms barrons business dictionaries fitch, thomas p. Glossary of terms ac american international group aig. Islamic banking is defined as banking system which is in consonance with the spirit, ethos and value system of islam and governed by the principles laid down by islamic shariah. This small pdf file of 28 pages covered all important terms related to banking with detailed explanations more than 250 terms are there. The important banking terms and definitions related to rbi pdf contains terms like convexity, net interest margin, substandard assets and also ratio terms like, funding volatility ratio, slippage ratio, market liability ratio etc.
Your pocket guide to understanding financial terms. The power of attorney may be for a definite, specific act, or it may be general in nature. F riends, knowing banking terminology with definitions play a vital role in your success in almost all bank exams and interviews. However, since banking is a significant part of our business and personal life, it is useful for consumers to learn some common banking terms. Total allowance for credit losses consists of specific and general allowances. Complete list of banking terms with definitions for bank exams powered by. Acquisition the process of buying or acquiring some asset or an entire company. Banking terms and concepts are many and can sometimes be difficult to figure out, even for the industry professionals. Banking has become one of the most powerful industries worldwide. List of all most popular abbreviated banking terms defined. Definitions of key terms and phrases used in commercial, retail and investment banking and bank regulation. Banking 3 lesson 15 banking while walking in the streets of any town or city you might have seen some signboards on buildings with namescanara bank, punjab national bank, state bank of india, united commercial bank. Lesson 15 banking national institute of open schooling. We have included the definitions of terms that are frequently used in the federal bank portal as well.
Here with this post we are providing you the pdf file of bank terms. Most of the indian banking terms and definitions are similar to other countries. Definition of banking from the collins english dictionary. As used by bankers and banking regulators, the term is slowly being replaced by economic value of equity or eve.
Banking definition is the business of a bank or a banker. Financial literacy programme a nalaebs partnership. Activity this consists of the primary banking activity of an institution. These subsidiaries are companies that are owned or controlled by a national bank and that, among other things, offer banking products and services such as loans, mortgages, and leases. Personal finance terms and definitions flashcards quizlet. Banking, banks, banking terms, checking account, saving. Financial awareness banking awareness banking terms. When rbi provides a loan to the bank for shortterm between 1 to 90 days, rbi takes some interest from the bank which is termed as repo rate.
Banking definition of banking by the free dictionary. Basic banking terms and definitions pdf free download. Moreover, candidates appearing in banking interviews and internal promotion exams always look for some easy to understand study material. Learning more about banking is imperative for anybody who wants to get ahead in the financial game. Anything that is used to determine value during the exchange of goods and services. The banking glossary provided by cornerstone bank helps you understand common banking terms with definitions and explanations to help you. The direct exchange of one set of goods or services for another. A bank is a financial institution licensed to receive deposits and make loans. Glossary financial and banking terms adjusted results. If you like the pdf, please share it with everyone. For example, the primary activity of state member banks, nonmember banks, and national banks which are all commercial banks is commercial banking. Start studying personal finance terms and definitions. When bank deposit its excess money in rbi then rbi provides some interest to that bank. For new users and people who are not familiar with the banking, terminologies have a look at this page here.
Over 18000 financial and investing definitions, with links between related terms. Moore july 7, 2008 abstract this paper uses data from the triennial waves of the survey of consumer finances from 1992 to 2004 toexamine changes in the use of financial services with implications for the. Browse and search thousands of banking abbreviations and acronyms in our comprehensive reference resource. Heres a quick list of banking terms and their definitions. Banking terms that begin with a banking terms banking definitions aaa aaa is a term or a grade that is used to rate a particular bond. It was created by government of india with a purpose to deal with the complaints of customers of the banks related to various services rendered by the banks. Banking terms pdf download gr8ambitionz prepare for. We provided some important abbreviation related to banking. Read on for definitions of common commercial banking terms, so the next time you talk to your banker, youll be speaking the same language. National banks conduct some of their banking activities through companies called operating subsidiaries. Browse the list of 19 584 banking abbreviations with their meanings and definitions.
A banking service allowing a customers money to be handled and tracked. The bank of canada glossary contains definitions of terms from various fields, including economics, finance and currency. Banking the network of institutions and laws that provide a great variety of financial services. Glossary of banking terms banking terminology federal. Nolle office of the comptroller of the currency economic and policy analysis working paper 20009 september 2000 abstract. Repo rate is the rate at which our banks borrow rupees from rbi. To help trustees in their understanding and interpretation of the investment terms that they may encounter in their daytoday fiduciary responsibilities, mercer has compiled this investment dictionary. If the us federal reserves target rate was 2 percent and it. The ebs building society partnered with the national adult literacy agency nala to develop a programme, which would help to target the growing issue of family and financial literacy. In general terms, the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit.
Talk to a revere bank representative today to get answers to your questions. Dictionary of banking terms barrons business dictionaries. To make a payment you need your mobile pin or your. Banking is the business activity of banks and similar institutions. Clearing bank is one, which settles the debits and credits of the commercial banks. Investorwords the most comprehensive investing glossary on the web. Important banking terms and definitions related to rbi. When youre dealing with your finances, unfamiliar words and acronyms can make complicated processes even more confusing. While islamic banking has a broader scope and meaning, it is generally referred to the transformation.
Usually the grade aaa is given to the best debt obligation or. This paper addresses significant gaps in existing knowledge about. Whenever the banks have any shortage of funds they can borrow it from rbi. Banking ombudsman is a quasijudicial authority, which functions under indias banking ombudsman scheme 2006. We will make separate posts like indian banking terms and definitions pdf, banking terms and definitions pdf in hindi in the coming. The banking hours is not a constraint for transacting banking business.
271 866 432 1224 362 989 874 798 1446 1492 872 1587 369 383 1485 7 1121 78 1162 1341 793 1358 506 151 1128 1142 1047 709 1275 604 1200 915 371 1346 34 92 1412 53