Tag: GK Update

What is BCBS? BCBS stands for Basel Committee on Banking Supervision. The committee was established by the central bank governors of 10 countries. The ten...

What is FEMA? FEMA stands for Foreign Exchange Management Act. FEMA is an act of the Parliament which was brought into existence with the objective...

What is ASEAN? The acronym ASEAN stands for Association for Southeast Asian Nations. As the name specifies, it is an organization pertaining to the countries...

What is ADB? ADB stands for Asian Development Bank. It is a regional development bank that was established on 19th December 1966 with the objective...

What is IFSC? IFSC is the acronym used for Indian Financial System Code. This is an 11-digit alphanumeric code used in the Indian banking system...

What is FSSAI? FSSAI stands for Food Safety and Standards Authority of India. It is an independent body established under the ‘Ministry of Health &...

What is KYC? The popularly used acronym, KYC stands for Know Your Customer. KYC is also referred to as Know Your Client alternatively. The term...

What is CBS? CBS stands for Core Banking Solutions. Core Banking Solutions or CBS is a commonly used word in banking these days. It has...

What is ARC? ARC stands for Asset Reconstruction Company. An ‘ARC’ or Asset Reconstruction Company is a financial institution registered under the RBI which is...

What is OTP? OTP stands for One-time Password, also known as ‘One-time Pin’. A one-time password (OTP) is an automatically generated numeric or alphanumeric string...