Banking & Finance
Banking systems, loans, interest rates, and financial services.
7 terms
Compound Interest
Interest calculated on both the initial principal and the accumulated interest from previous periods.
Liquidity
The ease with which an asset can be converted into cash without significantly affecting its price.
Reserve Bank of India
(RBI)India's central banking institution that controls monetary policy, regulates banks, and manages currency.
Unified Payments Interface
(UPI)A real-time payment system developed by NPCI enabling instant money transfers between bank accounts via mobile.
National Payments Corporation of India
(NPCI)The umbrella organization for retail payments systems in India, operating UPI, IMPS, and RuPay.
Non-Banking Financial Company
(NBFC)A company registered under the Companies Act that provides banking services without holding a banking license.
Karnataka Bank
(KBL)A private sector scheduled bank headquartered in Mangaluru, serving Karnataka and other states.