JAIIB 2023 Revised Syllabus
JAIIB stands for Junior Associates of the Indian Institute of the Bankers. It is an associate examination conducted by the Indian Institute of Banking and Finance(IIBF) and it is one of the flagship course offered by IIBF. This examination is conducted to test the basic knowledge of an individual to work as banking professional.
Banking Abbreviations
| A/C – Account |
| ACLF – Additional Collateralised Lending Facility |
| ACS – Automated Clearing Systm. |
| AD – Authorized Dealer. |
| ADR – American Depository Receipt. |
| ADTV – Average Daily Trading Volume |
| AEPS – Aadhaar Enabled Payments System |
| AFS – Annual Financial Statement. |
Glossary of Banking Terms
Account Statement
Periodic statement of all the debit and credit transactions on an account for a given statement cycle.
Active Account
A bank account in which there are regular transactions. A bank account that is not dormant or inoperative or under an attachment order of the court or enforcement authorities.
ALCO
Asset-Liability Management Committee (ALCO) is a strategic decision making body, formulating and overseeing the function of asset liability management (ALM) of a bank.