Basel Accords : The Basel Accords are a series of three sequential banking regulation agreements…

Regional Rural Banks (RRBs) are Indian Scheduled Commercial Banks (Government Banks) operating at regional level in different States of India established on 2 October 1975.

The Cheque Truncation System or CTS is the cheque clearance system introduced by RBI to fasten up the clearing of cheques.

The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act (SARFAESI) was enacted on 17 December 2002 and commenced on 21 June 2002.

The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services.

Mission Indradhanush is a 7 pronged plan launched by Government of India to resolve issues faced by Public Sector banks. It aims to revamp their functioning to enable them to compete with Private Sector banks.

Mobile Money Identifier, which is also abbreviated as MMID, is a 7-digit unique number that is used for interbank transfer during mobile banking using the MMID feature.

Micro ATMs are handheld point of sale terminals used to disburse cash in remote locations where branches are not present because of connectivity issues, or where setting up a traditional ATM may not be viable.

Unified Payments Interface (UPI) is a system that powers multiple bank accounts (of participating banks), several banking services features like fund transfer (P2P), and merchant payments in a single mobile application.

On November 22, 2010, NPCI launched Immediate Payment Services (IMPS) to offer an instant, 24-hour×7, interbank electronic fund transfer service through mobile phones.