BANKING AFFAIRS

Detailed explanation-1: -The full form of ADF is Automated Data Flow. This term belongs to banking parlance. RBI(Reserve Bank of India) initiate Automated Data Flow. It aimed at the purpose of meeting the needs for the accurate and consistent flow of data.

Detailed explanation-2: -Data Flow. Page 2. Our (ADF) solution helps banks automate generation and submission of various Automated Data Flow reports to the Reserve Bank of India (RBI) in prescribed formats and frequencies (daily, some weekly, monthly etc.)

Detailed explanation-3: -Overview of Automated Data Flow (ADF)? The objective of Automated Data Flow is to ensure the submission of accurate and consistent data in prescribed format from the banks right from their core systems to RBI without any human intervention.

Detailed explanation-4: -Banking, Financial Services and Insurance (BFSI) are set to grow exponentially in India due to the rising per capita income, the introduction of new products, innovation in technology, expanding distribution, networking and increasing customer awareness of financial products.

Detailed explanation-5: -Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits.