IMPORTANT BANKING TERMINOLOGIES

IMPORTANT BANKING TERMINOLOGIES

🔹️NPA

◆Non-Performing Asset

🔸️CIBIL

◆Credit Information Bureau (India) Limited

🔹️RTGS

◆Real Time Gross Settlement

🔸️NEFT

◆National Electronic Funds Transfer

🔹️SWIFT

◆Society for Worldwide Interbank Financial Telecommunication

🔸️IFSC 

◆Indian Financial System Code

🔹️MICR 

◆Magnetic Ink Character Recognition

🔸️KYC 

◆Know Your Customer

🔹️ATM 

◆Automated Teller Machine

🔸️POS 

◆Point of Sale

🔹️CASA 

◆Current Account Savings Account

🔸️ECS 

◆Electronic Clearing Service

🔹️EMI 

◆Equated Monthly Installment

🔸️LTV 

◆Loan-to-Value ratio

🔹️CC 

◆Limit Cash Credit Limit

🔸️OD 

◆Overdraft

🔹️FIMMDA 

◆Fixed Income Money Market and Derivatives Association

🔸️LIBOR 

◆London Interbank Offered Rate

🔹️NACH 

◆National Automated Clearing House

🔸️UPI 

◆Unified Payments Interface

🔹️BBB 

◆Bond, Bank, and Borrower