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banking terms

By Victor S. Fischer
  ✍️ CRR Cash Reserve Ratio is the minimum fraction of total deposits of a bank’s customers that banks have to hold as reserves with the central bank. ✍️ SLR Statutory Liquidity Ratio is the ratio of liquid assets to the net demand and time liabilities. ✍️ LAF Liquid Adjustment Facility is a tool to allow banks to borrow money through repurchase agreements. It consists of repo and reverse repo operations. ✍️ MSF Marginal Standing Facility allows scheduled banks to borrow funds overnight from RBI against approved government securities. ✍️ MSS Market Stabilization Scheme is a monetary policy intervention by RBI to withdraw excess liquidity by selling government securities in the economy. ✍️ OMO Open Market Operations refers to the buying and selling of government securities in the open market so as to expand or contract the amount of money in the banking system. ✍️ REPO Repo stands for Repurchase agreement where a seller of a security agrees to buy it back from a buyer at a
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banking terms

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✍️ CRR
Cash Reserve Ratio is the minimum fraction of total deposits of a bank’s customers that banks have to hold as reserves with the central bank.

✍️ SLR
Statutory Liquidity Ratio is the ratio of liquid assets to the net demand and time liabilities.

✍️ LAF
Liquid Adjustment Facility is a tool to allow banks to borrow money through repurchase agreements. It consists of repo and reverse repo operations.

✍️ MSF
Marginal Standing Facility allows scheduled banks to borrow funds overnight from RBI against approved government securities.

✍️ MSS
Market Stabilization Scheme is a monetary policy intervention by RBI to withdraw excess liquidity by selling government securities in the economy.

✍️ OMO
Open Market Operations refers to the buying and selling of government securities in the open market so as to expand or contract the amount of money in the banking system.

✍️ REPO
Repo stands for Repurchase agreement where a seller of a security agrees to buy it back from a buyer at a higher price on a specified date.

✍️ CD
A Certificate of Deposit is a promissory note issued by a bank with a maturity date, fixed interest rate and can be issued in any denomination. It restricts holders from withdrawing funds on demand.

✍️ NAV
Net Asset Value is the value per share of a mutual/exchange-traded fund. It is computed once per day based on the closing market price of securities involved.

✍️ ETF
Exchange-Traded Fund is a marketable security tracking an index, a commodity, bonds, or a basket of assets.

✍️ DEMAT
Dematerialization is the movement from physical certificates of stock to their electronic counterparts.

✍️ RD
Recurring Deposit is a special term deposit allowing people with regular income to deposit a fixed income every month and earn interest rates applicable to fixed deposits.

✍️ FDI
Foreign Direct Investment is the investment made by a firm/individual of one country into businesses located in another country.

✍️ FII
A Foreign Institutional Investor is an investor/investment fund registered in a country and investing in another one.

✍️ GAAR
General Anti-Avoidance Rule allows tax officials to deny tax benefits in case a deal is found without any commercial purpose other than tax avoidance.

✍️ P-NOTES
Participatory Notes is a financial instrument required by investors who are not registered with SEBI to invest in India securities.

✍️ NPCI
National Payments Corporation of India is an umbrella organization for operating retail payments and settlement systems in India.

✍️ SWIFT
The Society for Worldwide Interfinancial Telecommunication provides a network that facilitates financial institutions anywhere in the world to send/receive information about financial transactions in a secure, standardized and reliable environment.

✍️ CCIL
The Clearing Corporation of India is set up to provide guaranteed clearing and settlement functions for transactions in money, G-Secs, foreign exchange and derivatives market.

✍️ ECS
Electronic Clearing Service is an electronic mode of transferring funds from one bank account to another.

✍️ EFT
Electronic Funds Transfer is a system of transferring money from one bank account to another without any physical money coming in the picture.

✍️ NEFT
National Electronic Funds Transfer is a system to transfer money via electronic mode from one bank account to another.

✍️ RTGS
Real Time Gross Settlement is an electronic form of funds transfer with the fund transfer happening on a real time basis.

✍️ IBRD
The International Bank for Reconstruction and Development is an international financial institution offering loans to middle-income developing countries.

✍️ IMF
The International Monetary Fund is an international organization striving to ensure that the international monetary system remains stable.

By Victor S. Fischer

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