Articles under Terms in Banking

Meaning of RTGS systems

What is RTGS systems   The details about RTGS systems are explained here. RTGS Real-time gross settlement are specialist funds transfer systems where the transfer of money or securities. Takes place from one bank to another on a "real time" and on a "gross" basis. Settlement in "real time" means a payment transaction is not subjected to any waiting period, with transactions being settled as soon as they are processed. "Gross settlement" means the transaction is settl

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Meaning of Non-Banking Financial Company (NBFC)

Non-Banking Financial Company (NBFC) under Companies Act   This post explains about Non-Banking Financial Company (NBFC). Non-Banking Financial Company (NBFC) A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, in

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What is NEFT or RTGS option under GST

Meaning of NEFT or RTGS option under GST   The details about NEFT or RTGS option under GST are explained here. National Electronic Funds Transfer (NEFT) National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals can electronically transfer funds from any bank branch to any individual having an account with any other bank branch in the country participating in the Scheme. NEFT/RT

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Terms used in shipping such as Bulk Freight,BULK,BUOY,Bunkers,Bunkers,Bunker Charge

  Terms used in shipping such as Bulk Freight,BULK,BUOY,Bunkers,Bunkers,Bunker Charge etc.     This post explains about terms used in shipping such as Bulk cargo , Brokerage,Bulk Carriers,Bulk Freight,BULK,BUOY,Bunkers,Bunkers,Bunker Charge,Bulkhead etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.   T

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Terms used in banking business such as Support Level,Syndicate,Take-out Merger,Systematic Risk etc

  The terms used in banking business such as Support Level,Syndicate,Take-out Merger,Systematic Risk etc.   This post explains about terms used in banking such as Stabilization Policy,Standby Letter of Credit,Statutory Audit,Stop payment,Subordinated Bond,Substandard Assets,Supervisory Review Process,Support Level,Syndicate,Take-out Merger,Systematic Risk etc.These terms used in international business are arranged in alphabetical order and you may add more information ab

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