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HSBC stands for Hong Kong and Shanghai Banking Corporation. It is the 6 th largest banking and financial services group that headquartered out of London, United Kingdom. They… have a global presence and have branches in almost all major countries around the world.
Core Banking Solution (CBS) is networking of branches, which enables Customers to operate their accounts, and avail banking services from any branch of the Bank on CBS network…, regardless of where he maintains his account. The customer is no more the customer of a Branch. He becomes the Bank's Customer. Thus CBS is a step towards enhancing customer convenience through Anywhere and Anytime Banking. How shall CBS help Customers? All CBS branches are inter-connected with each other. Therefore, Customers of CBS branches can avail various banking facilities from any other CBS branch located any where in the world. These services* are: * To make enquiries about the balance; debit or credit entries in the account. * To obtain cash payment out of his account by tendering a cheque. * To deposit a cheque for credit into his account. * To deposit cash into the account. * To deposit cheques / cash into account of some other person who has account in a CBS branch. * To get statement of account. * To transfer funds from his account to some other account - his own or of third party, provided both accounts are in CBS branches. * To obtain Demand Drafts or Banker's Cheques from any branch on CBS - amount shall be online debited to his account. * Customers can continue to use ATMs and other Delivery Channels, which are also interfaced with CBS platform. Similarly, facilities like Bill Payment, I-Bob, M-bob etc. shall also continue to be available. Bank is in the process of launching Internet-banking facility shortly. All these aim to provide convenient, efficient, and high quality banking experience to the customers, comparable to world class standards. What are other benefits to the Customers ? A CBS branch is like a Sales & Service Delivery Center. Back office processes/activities are handled through technology at some other site, called Data Center. Branch, therefore, has more time for serving customers. This improves the quality and efficiency of the services rendered and the customer is directly benefited by way of satisfying and happy banking experience. Since a CBS branch is essentially designed to focus on customer-interface and customer service, the special lay-out and ambience of the branch is made to provide a convenient and delightful banking experience. The Customer Service Representatives / Executives at the branch are specially trained to understand, facilitate and deliver banking services efficiently and effectively. We wish our customers happy banking. (*To safeguard the interest of customers, Bank has placed certain restrictions on the amount of transactions, which are handled through other branches under CBS. The details can be obtained from the branch).
United Commercial Bank
The bank was promoted by HDFC a housing finance institution in the year 1994. Full name of HDFC is Housing Development Finance Corporation Ltd.
Industrial Development Bank Of India. Now the bank is known by its Acronym I D B I BANK LTD Nikhil
the full form of bank - a place for storing money and retrieving when required purposes.
E-banking is an abbreviation for electronic banking.
SMALL AND MEDIUM ENTERPRISES (Rajesh Sur)
a unique no. generated for every transaction in RTGS system (Unique Transaction Reference) UTR is a 16 digit Alpha-Numeric code, the first 4 digits contains the Bank Code in… alphabets, 5th one meant for the message code, 6th & 7th mentions the year, 8-10th mentions Julian Date (No. of days in the calendar year are reckoned as the basis to arrive at the date of remittance) and the last 6 digits mentions day's serial no. of the message.
For banks RWA means - risk-weighted assets are assets with special risks, especially loans to customers and other financial institutions or governments, weighted according… to different levels of possible default. As risk is calculated differently for each type of loan
Two common uses are... Carbon Copy - When relating to a letter, sometimes a copy of a letter needs to be sent to more than one person, or kept by an organisation…. The letter would have something like 'cc Personnel file' after the sender's signature. Credfit card - cc is used in banking as the short form of credit card.