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COB stands for Close of Business. Banks usually operate on a daily basis at scheduled working hours. Once the working hours of day are over, banks usually consolidate all the transactions that happened that day and update their records. This activity is called the Close if Business activity.
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What is full form of E-Banking?
E-banking is an abbreviation for electronic banking.
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Abbreviation of Commercial Banking?
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The Hongkong and Shanghai Banking Corporation
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What are banking terms?
Here is a link to a glossary of banking terms. Click the link in 'Related Links'.
What do you mean by clearance in banking terms?
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