Banking terms

Every term, ratio and Act bank exams ask about, in English and Nepali, with NRB limits and where they come from.

All Terms Ratios Acts

14 entries

Any Branch Banking Service (ABBS)ABBSजुनसुकै शाखा बैंकिङ सेवा (एबीबीएस)A facility that lets a customer deposit, withdraw or transfer money from any branch of the same bank, not only the branch where the account was opened.Banking Basics Bank and Financial Institution (BFI)BFIबैंक तथा वित्तीय संस्थाA public limited company licensed by Nepal Rastra Bank under the Bank and Financial Institution Act, 2073 to carry out banking and financial transactions such as accepting deposits and lending.Banking Basics Banking Secrecyबैंकिङ गोपनीयताThe legal duty of a BFI to keep its relationship with customers and their accounts, ledgers and records confidential, except where the law requires disclosure.Banking Basics Central Bankकेन्द्रीय बैंकThe apex monetary authority of a country that issues currency, conducts monetary policy, regulates banks and acts as banker to the government and to banks. In Nepal this is Nepal Rastra Bank.Banking Basics Class A: Commercial Bank"क" वर्ग: वाणिज्य बैंकA bank licensed by NRB in class "A" under BAFIA 2073, permitted to carry out the widest range of banking and financial transactions in Nepal.Banking Basics Class B: Development Bank"ख" वर्ग: विकास बैंकA financial institution licensed by NRB in class "B" under BAFIA 2073 that must use the words "development bank" in its name and may carry out a defined subset of banking transactions.Banking Basics Class C: Finance Company"ग" वर्ग: वित्त कम्पनीA financial institution licensed by NRB in class "C" under BAFIA 2073 that must use the words "finance company" in its name and may carry out a narrower set of deposit and lending activities.Banking Basics Class D: Microfinance Financial InstitutionMFI"घ" वर्ग: लघुवित्त वित्तीय संस्थाA financial institution licensed by NRB in class "D" under BAFIA 2073 that provides small loans and related services mainly to low-income groups and their members, and must use "microfinance financial institution" in its name.Banking Basics Customer Complaint and Grievance Handlingग्राहक गुनासो सुनुवाइThe system a BFI must keep to receive, record, resolve and report customer complaints, with escalation to NRB if the customer is not satisfied.Banking Basics Financial Inclusionवित्तीय समावेशीकरणMaking useful and affordable formal financial services such as accounts, payments, credit, insurance and remittance available to all people and businesses, and encouraging them to use those services.Banking Basics Financial Literacyवित्तीय साक्षरताThe knowledge, skills, attitude and behaviour people need to make sound decisions about earning, saving, borrowing, investing and protecting money.Banking Basics Functions of a Commercial Bankवाणिज्य बैंकका कार्यहरूThe primary, agency and general utility services a commercial bank provides, centred on accepting deposits and lending, plus payment, remittance and other services.Banking Basics Merger and AcquisitionM&Aगाभ्ने गाभिने तथा प्राप्तिA merger combines two or more BFIs into one (either a new entity or the survivor), while an acquisition is one BFI buying all or a controlling part of another's assets, liabilities or shares.Banking Basics Nomineeइच्छाएको व्यक्ति (नोमिनी)The person an account holder names in advance to receive the deposit if the account holder dies.Banking Basics