98th Banking Professional Exam: LPGB Short Notes
(a) SMART + 300 basis point (b) Crawling Peg System (c) Prompt Corrective Actions (PCA) (d) Deposit Insurance Trust Fund (DITF) (e) Departmental Control Function Check List (DCFCL) (f) Deposit Mix
(a) SMART + 300 basis point (b) Crawling Peg System (c) Prompt Corrective Actions (PCA) (d) Deposit Insurance Trust Fund (DITF) (e) Departmental Control Function Check List (DCFCL) (f) Deposit Mix
(a) Pledge and Hypothecation (b) Repo and Reverse repo (c) Pay order and Bank draft (d) ATM and POS (e) Bank rate and Lending rate (f) Bill of lading and Bill of entry.
(a) Contract and Agreement (b) Primary Security and Collateral Security Definition: Primary Security is the asset directly purchased with the loan funds. Collateral Security is an additional asset offered to the lender as extra security for a loan. Example: If…
(a) Bankers Book (b) Memorandum of Association (c) Suspicious Transactions (d) RTGS (e) Deposit Insurance Act, 2000 (f) e-KYC
(i) Pledge and Hypothecation (ii) Drawing Power and Power of Attorney (iii) Cheque and Bank Draft (iv) Bill of Lading and Bill Entry (v) Holder in due course and Holder for value (vi) ATM and POS
Bankers’ Lien Versus Bankers’ Right to Set Off Definition: Banker’s Lien is the right of a bank to retain possession of goods until the debt is repaid. Bankers’ Right to Set-off means combining two or more accounts to settle debt….