CAD FULL FORM IN BANKING

Cash Against Document Financing (CAD financing) is a method in which an importer pays for goods before receiving them. To ensure the satisfaction of the transaction from both parties, a third party will accept the shipping and title documents for the exported goods.  

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KYC FULL FORM

KYC stands for Know Your Customer. It is a process followed by a financial institution or an entity to collect the details to establish the identity of a client. KYC process was introduced by Reserve Bank of India (RBI) to prevent financial frauds like money laundering, identity theft and illegal transactions. RBI has advised the […]

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SLR FULL FORM

The Full Form of SLR is Statutory Liquidity Ratio. This term is used to specify the minimum percentage of deposits that the bank has to maintain in the form of gold, cash and other approved securities. Every bank has to maintain a minimum percentage of their net demand and time liabilities in the form of […]

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UCO FULL FORM

UCO Bank stands for United Commercial Bank. It is a Govt. of India Undertaking as well as a commercial bank. Its Board of Directors comprises government officials and eminent professionals like accountants, management experts, businessmen, economists etc. Its headquarters is in Kolkata. The current (as of October 2017) MD & CEO of UCO Bank is […]

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SEBI FULL FORM

SEBI stands for Securities and Exchange Board of India. It was established on 12 April 1992 to regulate the securities market of India. Headquarters SEBI is headquartered in Mumbai. It has four regional offices New Delhi, Chennai, Kolkata and Ahmadabad. SEBI has opened local offices at Jaipur and Bangalore and planning to open offices at […]

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SIDBI FULL FORM

SIDBI stands for Small Industries Development Bank of India. It is an independent financial institution in India which is established for the growth and development of micro, small and medium-scale enterprises (MSMEs). It was set up on 2 April 1990 under the Indian Companies Act, 1956 as a wholly owned subsidiary of IDBI. As of […]

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ECS FULL FORM

The Full Form of TDS is an Tax Deducted at Source. ECS stands for Electronic Clearing Service. It is an electronic mode of funds transfer from one bank account to another bank account. It also facilitates electronic credit/debit transaction associated with customer’s account. It is usually used for transactions that are repetitive or periodic in […]

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ESI FULL FORM

ESI stands for Employees’ State Insurance. It is a health insurance scheme for Indian workers to provide medical and cash benefits to them. It is managed by Employees State Insurance Corporation (ESIC). ESIC is an autonomous corporation under Ministry of Labor and Employment, Government of India. It provides services and manages their customers through the […]

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IRDA FULL FORM

IRDA stands for Insurance Regulatory and Development Authority. It is an agency run by Government of India. It regulates insurance industry in India. The current chairman (as of March, 2017) of IRDA is Mr. T.S. Vijayan. Headquarter IRDA is headquartered in Hyderabad, Andhra Pradesh (Now in Telangana) since 2001. It was shifted there from Delhi. […]

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TDS FULL FORM

The Full Form of TDS is an Tax Deducted at Source. TDS is one of the tax collecting method used in India. It is governed under the Indian Income Tax Act 1961 and managed by Central Board of Direct Taxes (CBDT). It is a part of department of revenue managed by Indian Revenue Service (IRS). […]

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