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Explanation: ECS is an electronic mode of payment / receipt for transactions that are repetitive & periodic in nature. ECS is used by institutions for making bulk payment of amounts towards distribution of dividend, interest, salary, pension, etc., or for bulk collection of amounts towards telephone / electricity / water dues, cess / tax collections, loan installment repayments, periodic investments in mutual funds, etc.
R2 is the mathematical notation for:
Consider the Following statement about RBI’s new regulatory framework for urban cooperative banks:
I. It is the four-tiered regulatory fram...
According to the World Bank, which of the following became the first country in the world to receive $100 billion from remittances during 2022?
In which of the following section of RBI Act, 1934, the central government is empowered to constitute a six-member Monetary Policy Committee (MPC)?
Which of the following can be defined as a solution that enables banks to offer a multitude of customer-centric services on a 24x7 basis?
Why is Exploratory Data Analysis (EDA) considered a crucial step in the data analysis process?
Which of the following public sector bank holds the maximum percent of total equity share capital of Nainital Bank Limited (NBL)?
Consider the following statement about national single window system (NSWS):
I. Now businesses can cite their permanent account number as a uniqu...
Recently non-banking finance company SV CreditLine and which private sector Bank have signed a co-lending collaboration for a ₹500 crore loan targeted...
Which is the country outside India in which SBI has launched its first paperless banking?
