The full form of OFCS is Offshore Financial Centers An Offshore Financial Center, otherwise known as an OFC, is defined as a country or jurisdiction that makes available financial services to non residents with the purpose of
The full form of OCB is Overseas Corporate Bodies Overseas Corporate Body (OCB) means a company, partnership firm, society and other corporate body owned directly or indirectly to the extent of at least sixty per cent by
The full form of OBUs is Offshore Banking Units An offshore banking unit (OBU) is a bank shell branch, located in another international financial center. For instance, a London-based bank with a branch located in Delhi.
The full form of OBE is Off-Balance Sheet Exposures Off-balance sheet (OBS) items is a term for assets or liabilities that do not appear on a company’s balance sheet. Although not recorded on the balance sheet, they are
The full form of NUM LOCK is Number Lock Short for numeric lock or number lock, the Num key, Num Lock, or Num Lk key is on the top-left corner of a keyboard’s numeric keypad. The Num Lock key enables and disables the
The full form of NRSR is Non-Resident (Special) Rupee Account Non Resident Special Rupee [NRSR] Account could be opened and maintained by an NRI being a citizen of India or foreign citizens of Indian origin residing outside
The full form of NRNR is Non-Resident Non-Repatriable Term Deposit Account With a view to providing further incentives and wider options to persons of Indian Nationality/Origin residing abroad (NRIs) and Overseas Corporate
The full form of NPLM is Non-Performing Loan Management A nonperforming loan (NPL) is a loan in which the borrower is in default due to the fact that they have not made the scheduled payments for a specified period. Although
The full form of NII is Net Interest Income Net interest income is a financial performance measure that reflects the difference between the revenue generated from a bank’s interest-bearing assets and the expenses
The full form of NIB is Nordic Investment Bank. The Nordic Investment Bank (NIB) is an international financial institution founded in 1975 by the five Nordic states (Denmark, Finland, Iceland, Norway and Sweden). In 2005, the
The full form of NFA is No Frills Account. No-frills bank accounts require zero or very low minimum balance and other banking facilities such as withdrawals and ATM and Debit card facilities at zero charges to enable
The full form of NDSAP is National Data Sharing and Accessibility Policy The Union Cabinet approved the National Data Sharing and Accessibility Policy (NDSAP) on 9 February 2012. The objective of the policy is to facilitate