UNIT 5 NOTES

🪧ONLINE BANKING

Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app.

​​​​​​​RTGS  -- Real Time Gross Settlement

NEFT-- National Electronic Funds Transfer 

IMPS -- Immediate Payment Service. 

MCLR -- Marginal Cost of Funds based Lending Rate

IBC --  Insolvency and Bankruptcy Code

MSME --- Micro, Small, and Medium Enterprises

NPA --- Non-Performing Asset. 




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