Author: Akash Sharma

DRC stands for Debt Recovery Certificate in banking. It is an official certificate issued by a Debt Recovery Tribunal (DRT) that authorizes banks and financial institutions to recover unpaid loan…

DPD stands for Days Past Due in banking and finance. It is a term used by banks and financial institutions to measure the number of days a loan payment or…

CTS stands for Cheque Truncation System in banking. It is an electronic cheque clearing system introduced by the Reserve Bank of India (RBI) to make cheque processing faster, safer, and…

DSA stands for Direct Selling Agent in banking. A Direct Selling Agent is an individual or agency authorized by banks and financial institutions to help promote and sell banking products…

FTD stands for Fixed Term Deposit in banking. It is a type of deposit account where customers invest money in a bank for a fixed period at a predetermined interest…

Utkarsh 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…

Capital 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…

MOD stands for Multi Option Deposit in banking. It is a special type of bank deposit facility that combines the features of a savings account and a fixed deposit account.…

MIS stands for Management Information System in banking. It is a computerized system used by banks and financial institutions to collect, process, analyze, and manage important business and financial data.…

GBM stands for Grievance Redressal Mechanism in banking. It is a system created by banks and financial institutions to handle customer complaints, disputes, and service-related issues efficiently. The main purpose…