Banking Domain Fundamentals

G C Reddy G C Reddy

G C Reddy

Software Testing Trainer and Consultant in Hyderabad, India

发布日期: 2021年2月19日
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Banking Domain Fundamentals

Banking Domain Knowledge for IT Professionals

Introduction

A Bank is a financial institution that provides banking and other financial services to its customers. Banks are a subset of the financial services industry and play an important role in the global economies.

2. Primary Functions of Banks

Saving Deposits

Fixed Deposits

Current Deposits

Recurring Deposits

Bank Overdraft

Cash Credits

Loans

Discounting the Bill of Exchange

3. Secondary Functions of Banks

Transfer of Funds:

Bill Payments:

Periodic Collections:

Periodic Payments:

Collection of Cheques:

Portfolio Management:

Utility Functions

4. Types of Banks

Retail Banks

Commercial Banks

Central Banks

Cooperative Banks

Investment Banks

Private Banks

Online Banks

Credit Unions

Savings and Loan Associations

5.Type of Bank Accounts

Savings Account

Current Account

Recurring Deposit Account

Fixed Deposit Account

DEMAT Account

NRI Account

6. Types of Bank Loans

1. Industrial Loans

2. Home Loan

3. Loan Against Property (LAP)

4. Loan Against Insurance Policies

5. Loan Against Fixed Deposits

6. Gold Loans

7. Loan Against Mutual Funds and Shares

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