CIC full form in banking is Credit Information Company. It refers to a company that collects, maintains, and analyzes credit-related information of borrowers. In simple words, CICs help banks understand…
CFT full form in banking is Countering Financing of Terrorism. It is also commonly explained as Combating the Financing of Terrorism. In the banking sector, CFT refers to the rules,…
Karur Vysya Bank is a private sector bank, not a government bank. It is fully owned and managed by private shareholders and investors. The Government of India has no ownership…
MAB full form in banking is Monthly Average Balance. It is the average balance that a customer is expected to maintain in a savings account or current account during a…
EOD full form in banking is End of Day. It refers to the closing stage of daily banking operations when a bank completes, verifies, and finalizes all transactions processed during…
IDBI Bank is officially classified as a private sector bank, but it still has strong government involvement. This is why many people get confused about whether it is a government…
Equitas Small Finance Bank is a private sector bank in India. It is not owned by the Government of India and operates under private ownership and management. Many people become…
MMID full form in banking is Mobile Money Identifier. It is a unique 7-digit number issued by a bank to a customer for making mobile-based fund transfers through IMPS. MMID…
BC stands for Business Correspondent in banking. A Business Correspondent is an authorized representative appointed by banks to provide basic banking and financial services in areas where full bank branches…
AGM stands for Assistant General Manager in banking. It is a senior-level managerial position in banks and financial institutions. An Assistant General Manager is responsible for supervising banking operations, managing…