Articles under Terms in Banking

Meaning of RTGS systems

017           Section 139 of CGST Act, 2017 Migration of existing taxpayers      Section 135 Presumption of culpable mental state, CGST Act, 2017            Liability of officers and certain other persons, Section 133 of CGST Act, 2017         Sec 132 of CGST Act, 2017 Punishment for certain offences      &

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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, i

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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/R

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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

align="justify">  Subscription: An agreement to purchase a certain offering for a specific price. The offer is not binding unless it is accepted by the properly authorized representatives of the issuer. Also refers to the order made for the purchase of new securities.   Substandard Assets: A substandard asset would be one, which has remained NPA for a period less than or equal to 12 months. Such an asset will have well defined credit weaknesses that jeopardize the liquida

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