Friday, 4 December 2015

IBPS Bank PO and Clerk SBI banking Exam Study : BCSBI- Banking Codes and Standard Board of India

BCSBI : Banking Codes and Standard Board of India: is an independent organisation meant to protect the services and rights of banking customers. The board oversee the compliance with the “Code of Bank’s committment to customers. It only checks if there is any systematic compliance failure on part of the bank. It is registered under societies Registration Act, 1860. As of February 2013, 69 scheduled commercial banks, 11 Urban Co-operative Banks and 54 regional rural banks are members of the board. Its headquarters are situated at Mumbai, Maharashtra. Present chairman of BSBI AC Mahajan BCSBI is a set of rules which every bank needs to follow. This includes various service charges circulars, customer dealing parameters, bank procedures to treat customers, time limit for various jobs in banks etc.


Important Abbreviations related to Banking

BCSBI – Banking Codes and Standards Board of India
CAB – College of Agricultural Banking
CARE – Credit Analysis and Research Ltd.
CDR – Corporate Debt Restructuring
CERSAI : Central Registry of Secularization Asset Reconstruction and Security Interest of India
CGTMSE – Credit Guarantee Fund Trust for Micro and Small Enterprises
CLCS – Credit Linked Capital Subsidy
DBOD – Department of Banking Operations and Development
DIC – District Industries Centre
DPI – Development of Production Infrastructure
DRT – Debt Recovery Tribunal
ECGC – Export Credit Gaurantee Corporation of India Ltd.
EXIM Bank of India – Export Import Bank of India
FAQ – Frequently Asked Questions
FBP – Foreign Bills Purchased
GOI – Government of India
GRID – Grass Root Initiatives and Development Programme
IBM – International Busienss Machines
IIT – Indian Institute of Technology
IPR – Intellectual Property Rights
IRAC – Income Recognition, Asset Classification
IRB – Internal Rating Based
ISO – International Organisation for Standardisation
IT – Information Technology
LIC – Life Insurance Corporation of India
MDA – Market Development Assistance
MIP – Make in India Programme
MSE – Micro and Small Enterprise
MSEB – Maharashtra State Electricity Board
MSME – Micro Small and Medium Enterprise
MSMED – Micro Small and Medium Enterprise Development
NMCP – National Manufacturing Competitiveness Programme
NPA – Non Performing Assets
NSIC – National Small Industries Corporation
OTS – One Time Settlement
PMEGP – Prime Minister Employment Generation Programme
QMS – Quality Management Standards
QTT – Quality Technology Tools
RBI – Reserve Bank of India
REMOT – Rejuvenation, Modernisation and Technology Upgradation
RISC – Rural Industry Service Centre
RLC – Regulatory Liability Charges
RO – Regional Office
SandT – Science and Technology
SARFAESI -Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest
SEZ – Special Economic Zone
SIDBI – Small Industries Development Bank of India
SME – Small and Medium Enterprises
SVCL – SIDBI Venture Capital Fund Ltd
TReDS – Trade Receivables Discounting System
UN-APCTT – United Nations-Asian Pacific Centre for Transfer of Technology
USA – United States of America
WCDL – Working Capital Demand Loan


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