The Hindu Lead Article (Say ‘no’ to corporate houses in Indian banking) – Nov 25, 2020

The Hindu Lead Article (Say ‘no’ to corporate houses in Indian banking) – Nov 25, 2020

An Internal Working Group of the Reserve Bank of India (RBI) has recommended that corporate houses be given bank licences. For further reading, visit “The Hindu”. Below is today’s advanced word list-1 for The Hindu Lead Article (Say ‘no’ to corporate houses in Indian banking) – Nov 25, 2020.

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Courtesy: The Hindu

Today’s Advanced Word List 1 for The Hindu Lead Article (Say ‘no’ to corporate houses in Indian banking) – Nov 25, 2020:

  1. big bang (noun) – relating to the introduction major changes in something (economic situation).
  2. risk-free (adjective) – free from risk; safe, secure.
  3. climate (noun) – situation.
  4. evoke (verb) – invoke, cause, give rise to, bring forth.
  5. Jubilation (noun) – joy, euphoria, elation, ecstasy.
  6. hail (verb) – praise, applaud, commend, acclaim.
  7. undo (verb) – cancel, reverse, revoke, nullify, invalidate.
  8. dominance (noun) – supremacy, superiority, authority.
  9. scathing (adjective) – scornful, severely critical, harsh, severe (in criticizing someone).
  10. fly (verb) – be successful.
  11. by no means (phrase) – not at all, in no way, certainly not.
  12. novel (adjective) – new, unusual, different, unfamiliar.
  13. subsequently (adverb) – afterwards, later on, eventually.
  14. entity (noun) – organization, establishment.
  15. “fit and proper” criteria (phrase) – The “fit and proper” criteria (or “fit and proper test”) make reference to requirements for evaluating managers, directors and shareholders. Particularly, the ability to fulfill their duties (“fitness”) as well as their integrity and suitability (“propriety”) are examined.
  16. criterion (noun) – basis, standard; specification, guideline. (criteria is the plural form of criterion).
  17. Internal Working Group (IWG) (noun) – The Internal Working Group of the Reserve Bank of India was constituted to “review extant ownership guidelines and corporate structure for Indian private sector banks”.
  18. at a time (phrase) – during.
  19. intimately (adverb) – familiarly, confidentially, constantly.
  20. long-standing (adjective) – long-established, deep-rooted, fixed, persistent, continuing (for a long time).
  21. Committee on Financial Sector Reforms (noun) – A committee headed by former RBI Governor Raghuram G. Rajan was constituted by the Government of India in 2008 for proposing the next generation of financial sector reforms in India.
  22. set one’s face against (phrase) – be against, object to, be in opposition to, disagree with, dislike.
  23. premature (adjective) – untimely, early, too soon/too early; ill-timed, hasty.
  24. regulatory (adjective) – supervisory, managerial, controlling.
  25. rationale (noun) – reason, reasoning, grounds, basis, logic.
  26. reversal (noun) – turnaround, change, backtracking.
  27. weigh (verb) – consider, think about, contemplate, deliberate about, reflect on.
  28. pros and cons (phrase) – advantages and disadvantages; for and against (of something).
  29. expertise (noun) – proficiency, skill, knowledge, command.
  30. moreover (adverb) – besides, furthermore, in addition.
  31. jurisdiction (noun) – authority, administration, sovereignty; territory, region.
  32. bar (verb) – prohibit, debar, forbid, ban.
  33. downside (noun) – drawback, disadvantage, stumbling block/negative.
  34. interconnected lending (noun) – a system where the owner of the bank gives their company or companies or connected parties (his friends and families) loans at lesser rates of interest. Basically, if you own a bank you can lend yourself money at a lower rate of interest for a risky project.
  35. exposure (noun) – the action of placing oneself at risk of financial losses.
  36. safety net (noun) – something which gives protection against misfortune or difficulty.
  37. in addition (phrase) – as well as, additionally, moreover.
  38. crony (capitalism) (noun) – it is a term describing an economy in which success in business depends on close relationships between business people and government officials. A person who is involved in this relationship is called as crony capitalism.
  39. crony (noun) – best friend, companion.
  40. further (verb) – promote, advance, develop.
  41. tempt (verb) – persuade, convince, induce, woo.
  42. set up (phrasal verb) – establish, start/begin, initiate, institute, create.
  43. clout (noun) – influence, power, control.
  44. bound to (adjective) – certain/sure, very likely, guaranteed.
  45. rescue (verb) – save, come to the aid/help of.
  46. equip (verb) – prepare, qualify, suit (for a particular task).
  47. framework (noun) – structure, system, scheme.
  48. mechanism (noun) – procedure, process, method/technique.
  49. conglomerate (noun) – corporation, group, consortium/merged companies.
  50. venture (verb) – undertake/involve (in a risky business).
  51. naive (adjective) – inexperienced, easily taken in, over-trusting, ignorant, immature.
  52. adept (adjective) – expert, skillful, talented.
  53. maze (noun) – complex network, labyrinth, web, tangle.
  54. thwart (verb) – prevent, hamper/hinder, obstruct/block.
  55. ex post (adverb) – considering actual results rather than forecasts.
  56. substantial (adjective) – considerable, significant, large.
  57. unlikely (adjective) – not likely, improbable, questionable, doubtful.
  58. latch on to (phrasal verb) – take up (an idea or trend) eagerly/interestingly.
  59. flight (noun) – fleeing, running away, departure, escape.
  60. precipitate (verb) – bring about, bring on, cause, lead to, give rise to, trigger.
  61. pose (verb) – raise, ask, put (a question/matter for consideration).
  62. formidable (adjective) – taxing, difficult, exacting, burdensome; strong, powerful, mighty.
  63. banking regulator (noun) – The Reserve Bank of India (RBI) is the central bank of India and it is the banking regulator of the Indian banking system.
  64. credibility (noun) – trustworthiness, reliability, integrity.
  65. at stake (phrase) – at issue, at risk; or in question.
  66. pit against (verb) – set against, match against, put in opposition to, put in competition with.
  67. end up (phrasal verb) – come/appear, find oneself (to a particular course of action in the end).
  68. dent (verb) – diminish, reduce, undermine.
  69. indeed (adverb) – in fact, actually.
  70. given (preposition) – considering, taking into account, bearing in mind.
  71. stature (noun) – reputation, status, position, standing.
  72. so far (phrase) – until now, up to the present, up to this point.
  73. non-banking financial company (NBFC) (noun) – a company incorporated under the Companies Act 2013 or 1956 which is engaged in the business of loans and advances, acquisition of stocks, equities, debt etc issued by the government or any local authority. The main objective of this type of a company is to accept deposits under any scheme or manner.
  74. track record (noun) – previous performance, previous accomplishments, previous achievements.
  75. regulate (verb) – supervise, oversee, administer, keep an eye on.
  76. mitigate (verb) – reduce, lessen, decrease, make less severe.
  77. disingenuous (adjective) – dishonest, deceitful, double-dealing.
  78. vastly (adverb) – extremely, immensely, exceedingly, hugely/largely.
  79. superior to (adjective) – better, more advanced, exclusive; being influenced.
  80. point to (verb) – indicate, suggest, denote.
  81. privatisation (noun) – transfer of a business, industry, academic institutions or service from public to private ownership and control.
  82. enthuse (verb) – motivate, spur/stimulate, encourage.
  83. merely (adverb) – only, simply, just.
  84. batter (verb) – damage, impair, spoil.
  85. prelude (noun) – introduction, start, beginning.
  86. financial stability (noun) – financial stability is a condition where the financial system is able to withstand internal or external economic shocks and also able to smoothly conduct its core tasks.
  87. hardly (adverb) – barely, only just, almost not.
  88. over-leveraging (noun) – an act of taking too much debts (which can not be paid back on time).
  89. go by (phrasal verb) – comply with, observe, keep to, conform to, follow.
  90. perdition (noun) – complete ruin.

Note:  

 1. Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/.
2. Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purpose only and they may vary in different context. 
3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.

Today’s Advanced Word List 1 for The Hindu Lead Article (Say ‘no’ to corporate houses in Indian banking) – Nov 25, 2020:

The Hindu Lead Article (Say ‘no’ to corporate houses in Indian banking) – Nov 25, 2020 The Hindu Lead Article (Say ‘no’ to corporate houses in Indian banking) – Nov 25, 2020 The Hindu Lead Article (Say ‘no’ to corporate houses in Indian banking) – Nov 25, 2020 The Hindu Lead Article (Say ‘no’ to corporate houses in Indian banking) – Nov 25, 2020

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