Banking Financial Terms & Banking Terms for IBPS PO & IBPS CLERK
Banking Financial Terms for SBI/IBPS PO & Clerk
AGM – Annual General Meeting is held every year by all the registered enterprises.Agenda of the meeting is to analyze the performance of the firm during the year, presentation of annual financial statements &voting is done on important decisions related to the company. Any shareholder can participate in AGM.
American Depository Receipts (ADR)-This is the source by which non-US companies can raise fund from US investors. These shares are traded in US stock exchanges and are denominated in US $.
Annuity – It is an investment scheme under which investor makes recurring investments and a lump sum payment is made to the investor at the end. Eg: Recurring Deposit.
Book-keeping–Book-Keeping is the process of recording financial transactions in books of account.
Balance of payments (BOP) -BOP is actually the difference in terms of money between a country’s exports and imports it has made.
Credit rating – A ranking given to an individual, business unit or a nation based upon its credit history and current financial position. There are many credit rating agencies in India at present such as CRISIL.
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Depreciation – Depreciation is basically the decrease in value of an asset due to wear and tear over a period of time.
Dividend – Dividend is the amount per share paid by a company to its shareholders. Value of dividend is based upon the profitability of the enterprise.
Financial year– the Financial year is a period of 12 months starting from 1st April & ends on 31st March.
Fiscal policy–Fiscal Policy is the policy made by Government of a country to manage its Income and expenditure.
Fund manager – A person who manages a mutual fund and tries to maximize fund’s returns while sticking to fund’s objectives.
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Goodwill – Intangible assets of an enterprise that defines its reputation in monetary terms.
GDP – the Gross domestic product is the aggregate value of goods and services produced by every individual within the geographical boundaries of a country.
Initial Public Offering (IPO) – It is the time when a company makes the first offering of the shares to the public.
Liquid assets– Assets which can be easily converted into cash.
Monopoly-A situation in the market where there are many buyers but a single seller exist.
Money Market-Market dealing in short-term lending and borrowing of funds (Less than 1 year). It is also known as Cash market.
Monetary policy-Set of actions taken by Central bank of any country (RBI in case of India)to control the supply of money in the market. These actions include changing policy rates & ratios from time to time according to the conditions prevailing in the market etc.
Overdraft-Facility given by a bank to its Current Account holders which allow to withdraw more money than in the account balance. Overdraft generally has a high rate of interest.
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Preference shares-A type of shares in which shareholders have no voting rights and have a higher rate of dividend.
Stagflation-An economic situation of slow economic growth, high rate unemployment and
Inflation.
Underwriters-In case of an IPO, new companies makes contracts with underwriters where
Underwriters promise to purchase an unsubscribed issue of shares.
Banking Terms for SBI PO & SBI CLERK
ATM – ATMs stands for Automatic Teller Machine which allows customers to perform financial transactions, without the help of a teller. First ATM in India is introduced by HSBC in1987.
Appreciation – Increase in the value of stocks, goods, etc. due to Increase in the demand is termed as Appreciation.
Bankruptcy – If an organization is unable to pay its debt or their obligations, then this condition is known as bankruptcy.
Balance Sheet – Balance Sheet is a statement showing the assets and liabilities of a company on a particular date. It helps in determining the financial position of the company.
Black Money – The unaccounted money which is concealed from tax authorities and illegally obtained is known as black money.
Cheque: It is written by an individual to transfer an amount between two accounts of the same bank or a different bank and the money is withdrawn from the account.
Current Account – Current account is mainly opened for the business purpose as there is no limit on the numbers of withdrawals from this account & also no interest is
given in this account.
Creditworthiness – The ability of the borrower to repay the loan amount with interest as per agreed terms and conditions to the lender.
Financial Inclusion: Financial inclusion includes providing financial services at affordable costs to all the sections of society.
Fiscal Deficit: When the government’s total expenditures exceed the total revenue. The deficit that is arisen is known as Fiscal Deficit.
IFSC – Indian Financial System Code (IFSC) is an 11-digit alpha-numeric code used by electronic payment system applications such as RTGS, National Electronic Fund Transfer.
NBFCs – 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/debentures, etc. NBFCs cannot accept demand deposits.
Participatory notes or P-Notes: These are instruments, issued by registered foreign institutional investors (FII) to overseas investors, who want to invest in the Indian stock markets without registering themselves with the (SEBI).
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