Tag Archives: Banking materials

The Universal Postal Union (UPU)

The Universal Postal Union (UPU, French: Union postale universelle) is a specialized agency of the United Nations that coordinates postal policies among member nations, in addition to the worldwide postal…

RuPay Card

It was recently revealed by the National Payment Corporation of India (NPCI), a government agency, that RuPay-branded credit cards would be launched in less than 10 months from now. Lalatendu…

NOSTRO AND VOSTRO ACCOUNT

NOSTRO ACCOUNT A bank account held in a foreign country by a domestic bank, denominated in the currency of that country. Nostro accounts are used to facilitate settlement of foreign exchange…

Digital India Programme

Union Cabinet launched the Digital India Programme. The programme is worth 1 lakh crore rupees and seeks to transform the Indian economy into a digitally empowered knowledge economy. The Digital…

Core Banking Solutions (CBS)

The term CORE means – Centralized Online Real-time Exchange. What is CBS? CBS refers to the software applications for recording transactions, storing customer information, calculating interest and completing the process…

NITI Ayog

NITI Aayog or National Institution for Transforming India Aayog is a policy think-tank aims to involve the states in economic policy-making in India. It will be providing strategic and technical advice…

Types of Bank Accounts

(a) ‘Nostro Account’ A bank account held in a foreign country by a domestic bank, denominated in the currency of that country. Nostro accounts are used to facilitate settlement of…

Classical Dances in India

Bharat Natyam – Tamil Nadu Bihu – Assam Bhangra – Punjab Chhau – Bihar, Orissa, W. Bengal and Jharkhand Garhwali – Uttaranchal Garba – Gujarat Hattari – Karnataka Kathak – North…

Ministers and their Constituencies

1. Minister Narendra Modi – Varanasi 2. Rajnath Singh – Lucknow 3. Sushma Swaraj – Vidisha (Madhya Pradesh) 4. Arun Jaitley – Rajya Sabha (Gujarat) 5. M. Venkaiah Naidu –…

Banking Abbreviations

ISCI – International Standard Industrial Classification KCC – Kisan Credit Card KVIC – Khadi and Village Industries Corporation KYC – Know your customer LAMPS – Large Sized Adivasi Multipurpose societies LERMS…

Important National Parks

Kaziranga National Park – Golaghat/Nagaon (Assam) Manas Tiger Sanctuary – Barpeta (Assam) Keoladeo National Park – Bharatpur (Rajasthan) Sundarbans Tiger Sanctuary – 24Paraganas (West Bengal) Bandhavgarh National Park – Shahdol…