tex meaning in Banking ?

A textile is a flexible material made by creating an interlocking network of yarns or threads, which are produced by spinning raw fibres (from either natural or synthetic sources) into long and twisted lengths. Textiles are then formed by weaving, knitting, crocheting, knotting, tatting, felting, bonding, or braiding these yarns together.

The related words "fabric" and "cloth" and "material" are often used in textile assembly trades (such as tailoring and dressmaking) as synonyms for textile. However, there are subtle differences in these terms in specialized usage. A textile is any material made of the interlacing fibers, including carpeting and geotextiles, which may not necessarily be used in the production of further goods, such as clothing and upholstery. A fabric is a material made through weaving, knitting, spreading, felting, stitching, crocheting or bonding that may be used in the production of further products, such as clothing and upholstery, thus requiring a further step of the production. Cloth may also be used synonymously with fabric, but often specifically refers to a piece of fabric that has been processed or cut.