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8) Fiscal Deficit
9) Repo Rate and reverse rep rate
10) CRR
11) SLR
12) Bank Rate
13) Money Laundering
14) NBFC: Difference between NBFC and banks?A NBFC is a
company registered under the companies act, 1956 which is
involved in the business of loans, shares/stocks, etc. Non-
banking financial companies are financial institutions that
provide banking services, but do not hold a banking license.
These institutions are not allowed to take deposits from the
public. NBFCs do offer all sorts of banking services, such as
loans and credit facilities, retirement planning, money
markets, underwriting, and merger activities. The basic
difference between bank and NBFC is:-
- Agriculture loans
- Govt. sponsored schemes
- Staff loans
- Only under the above cases, bank can lend below base rate.
23) We hear regularly that all bank branches
are turning CBS. What is CBS?
Sir, CBS stands for CORE banking solutions under which the
branches of the banks are interconnected with each other
through intra net with a central database server. Now, with this
facility, a person having an account in a certain branch of the
bank can operate from any other branch of the same bank. He
need not visit the same branch to operate his account. The
CORE word in CBS stands for Centralized Online Realtime
Exchange.
26)
34)
35) Canara Bank is one of the largest public sector banks owned by the Government of
India. It is headquartered in Bengaluru. It was established at Mangalore in 1906
by Ammembal Subba Rao Pai. It is one of the oldest public sector banks in the country.
The government nationalized the bank in 1969. As of 30 October 2017, the bank had a
network of 6639 branches and more than 10600 ATMs spread across all over India. The
bank also has offices abroad in London, Hong
Kong, Moscow, Shanghai, Doha, Bahrain, South Africa, Dubai, Tanzania and New York.[3]
Subsidiary companies[edit]
Canfin Homes Limited (CFHL), with a network of 110 branches and 28 satellite offices
throughout India