What are BASEL Banking Norms/Accords ?

What are BASEL Banking Norms ?

• Basel is a city in Switzerland which is also the headquarters of Bureau of International Settlement (BIS). 
• BIS appointed a committee to supervise and to set some standards. Currently there are 27 member nations in the committee. 

What is SWIFT Code

SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. SWIFT is a co-operative society. SWIFT Code is a standard format of bank Identifier code.

Difference between Cheque and Demand Draft

Difference Between Cheque and Demand Draft :

Cheque : Cheque is a negotiable instrument instructing a Bank to pay a specific amount from a specified account held in the maker/depositor's name with that Bank.

New ISO 20022 Compliant RTGS and WMA

Dear Friends, Here are Some important topics that may be asked in IBPS PO-III Interview : New RTGS 20022 compliant System and Ways and Mean Advances (WMA). Read Below in Details :

What are Government Receipts and Expenditure

Receipts : When you scan the budget document, you come across terms like Revenue Receipts and Capital Receipts. What do these terms mean?

Types of Taxes for IBPS PO Interview

Direct and Indirect Taxes: Direct taxes are defined as those taxes levied immediately on the property and incomes of persons and which are paid directly by the consumers to the state. Thus, income and wealth taxes, estate duties, and toll taxes paid directly to the state form the group of direct taxes.

Budget and Deficits Concepts for IBPS PO Interview

The term ‘Budget’ refers to the financial statement (or documents) placed by the government before the legislature every year on a specific date. A budget sets forth the anticipated expenditure of the government during the next financial year (called the budget year) and the receipts for the same period:

Some Important Banking Terminology for IBPS PO Interview

Hi Guys, Today we are sharing some important Banking Terms which are mostly asked in PO interviews. we will try to cover almost all terms. Here are some important terms :