Direct Benefit Transfer
English Hindi
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Non Performing Assets (NPAs)
A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. These are the assets of the banks which don’t bring any return. However, in terms of Agriculture / Farm Loans; the NPA is defined as under: For short duration crop
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Payment Mechanisms
Different Ways to Transfer Funds Online in India India currently has various methods to transfer money online such as digital wallets, UPI, and more. However, the most commonly used online fund transfer method has been: National Electronic Funds Transfer (NEFT) Real Time Gross Settlement (RTGS) Immediate Mobile Payment Service (IMPS) While NEFT and RTGS was
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Cooperative Banks and RRBs
These are another class of banks and are not considered as commercial banks as they have social objectives and profit is not the motive. Co-operative Banks are subject to CRR and SLR requirements as other banks. However, their requirements are less than commercial banks.Examples: The Andhra Pradesh State Co-operative Bank Ltd., The Uttaranchal Rajya Sahakari Bank
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Developmental Financial Institutions (DFIs)
Defined as a financial institution concerned with providing all types of financial assistance (medium as well as long term) to business units, in the form of loans, underwriting, investment and guarantee operations, and promotional activities — economic development in general, and industrial development, in particular. It is essentially a multi-purpose financial institution with a broad
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Bank Vs NBFC
A bank is an institution which accepts deposits from the public and in turn advances loans by creating credit. The act of lending and borrowing creates both credit and debit. “Debt represents money that has been borrowed but not yet been paid back, Credit represents money available to be borrowed.” The deposits accepted by the