Q-1 What is meant by development Oriented banking?
Taking up the task of development of the economy by providing support to under privileged sections of the society.
Q-2 The term "BSR' refers to:
BSR code is unique for a branch of a bank.Hence all the branches of any Bank will have its unique BSR ( Basic Statistical Return) Code. This will help to recognize the bank's branch detail it will be also helpful for a pensioner who retires from GOVT. OF INDIA ( Central Govt.employee)to get their pension, they have to intimate their Bank A/C No. along with the BSR CODE,which is very much available with the bank.
Q-3. What is a Third party buyer?
A third-party transaction is a business deal involving a buyer, a seller and a third party. The third party's involvement varies with the type of business transaction. A seller offers a good or service, and a buyer uses a credit card entered through the PayPal payment service. The payment is run through a third party, and is therefore a third-party transaction.
Q-4 What you know about " A veteran banker Vinay Baijal "?
A veteran banker of about forty five years, Mr. Vinay Baijal retired from the Reserve Bank of India as the Chief General Manager (CGM) after working there for 35 long years. He primarily dealt with the regulatory framework for foreign banks in India, with emphasis on International banking and Anti-Money Laundering. Mr. Baijal was also the founding CEO of Banking Codes and Standards Board of India (BCSBI). He also worked as a member of the SEBI “Committee on Mis-selling of Mutual Funds” in 2011-12. In conversation with MFIN, Mr. Vinay Baijal, Board Member, MFIN shares his experiences about the industry environment and how MFIN fits into the landscape
Q-5What is Soft Loan and Hard Loan?
A soft loan is a loan with a below-market rate of interest. This is also known as soft financing. Sometimes soft loans provide other concessions to borrowers, such as long repayment periods or interest holidays. Soft loans are usually provided by governments to projects they think are worthwhile. The World Bank and other development institutions provide soft loans to developing countries.This contrasts with a hard loan, which has to be paid back in an agreed hard currency, usually of a country with a stable robust economy
Taking up the task of development of the economy by providing support to under privileged sections of the society.
Q-2 The term "BSR' refers to:
BSR code is unique for a branch of a bank.Hence all the branches of any Bank will have its unique BSR ( Basic Statistical Return) Code. This will help to recognize the bank's branch detail it will be also helpful for a pensioner who retires from GOVT. OF INDIA ( Central Govt.employee)to get their pension, they have to intimate their Bank A/C No. along with the BSR CODE,which is very much available with the bank.
Q-3. What is a Third party buyer?
A third-party transaction is a business deal involving a buyer, a seller and a third party. The third party's involvement varies with the type of business transaction. A seller offers a good or service, and a buyer uses a credit card entered through the PayPal payment service. The payment is run through a third party, and is therefore a third-party transaction.
Q-4 What you know about " A veteran banker Vinay Baijal "?
A veteran banker of about forty five years, Mr. Vinay Baijal retired from the Reserve Bank of India as the Chief General Manager (CGM) after working there for 35 long years. He primarily dealt with the regulatory framework for foreign banks in India, with emphasis on International banking and Anti-Money Laundering. Mr. Baijal was also the founding CEO of Banking Codes and Standards Board of India (BCSBI). He also worked as a member of the SEBI “Committee on Mis-selling of Mutual Funds” in 2011-12. In conversation with MFIN, Mr. Vinay Baijal, Board Member, MFIN shares his experiences about the industry environment and how MFIN fits into the landscape
Q-5What is Soft Loan and Hard Loan?
A soft loan is a loan with a below-market rate of interest. This is also known as soft financing. Sometimes soft loans provide other concessions to borrowers, such as long repayment periods or interest holidays. Soft loans are usually provided by governments to projects they think are worthwhile. The World Bank and other development institutions provide soft loans to developing countries.This contrasts with a hard loan, which has to be paid back in an agreed hard currency, usually of a country with a stable robust economy
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