Encyclopedic Dictionary of Banking, 1/Ed. (H.B.)

The major participants of the financial system are the commercial banks, the financial institutions (FIs), encompassing term-lending institutions, investment institutions, specialized financial institutions and the state-level development banks, Non-Bank Financial Companies (NBFCs) and other market intermediaries such as the stock brokers and money-lenders. The commercial banks and certain variants of NBFCs are among the oldest of the market participants. The FIs, on the other hand, are relatively new entities in the financial market place. Banking is one of the most important sectors in financial fields. Financial activities are centered on banks. A bank can be described as a commercial or state institution that provides financial services, including issuing money in form of coins, bank-notes or debit cards, receiving deposits of money, lending money and processing transactions. A commercial bank accepts deposits from customers and in turn makes loans based on those deposits. Some banks issue banknotes as legal tender. Many banks offer ancillary financial services to make additional profit; for example, most banks also rent safe deposit boxes in their branches. In short banks do everything which is essential for business and finance. These are some of the factors which make banking an interesting topic to read and learn. Banking is a vast field and it contains many complicated terms which a common reader finds tough to understand. A dictionary on banking which has all these terms can be very useful. This thought provoked us to come with an encyclopedic dictionary on banking. This encyclopedic dictionary contains almost every term related to banking. There are many terms in banking which are internationally accepted while certain terms are Indian. Special emphasis has been given to Indian terms. We hope that the present dictionary will find its place among readers.