Insurance
What is Insurance? Insurance is defined as a co-operative device to spread the loss caused by a particular risk over a number of persons who are exposed to it and…
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Insurance
Credit Control
Introduction to Credit Control The Reserve Bank of India is the controller of credit i.e. it has the power to influence the volume of credit created by banks in India.…
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Credit Control
Introduction to Banking
What is Bank? Bank is a lawful organization which accepts deposits that can be withdrawn on demand. It also tends money to individuals and business houses that need it. Bank…
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Introduction to Banking
Commercial Banks
Commercial Banks is financial Institution that accepts deposits for the purpose of lending. In other words, commercial Banks provide services such as accepting deposits, giving business loans and also allow…
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Commercial Banks
National Bank for Agriculture and Rural Development (NABARD)
Reserve Bank of India established in 1935 with a Mandate to set up a special Agricultural credit Department (ACD) with expert staff. RBI initiated different measures to develop a healthy…
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National Bank for Agriculture and Rural Development (NABARD)
Merchant Banking
The Notification of the Ministry of Finance defines merchant banker as “Any person who is engaged in the business of issue management either by making arrangements regarding selling, buying or…
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Merchant Banking
Nationalization of Commercial Banks
The role of public sector banks increased after nationalization of commercial banks. On I July 1955, the government of India took over imperial Bank of India and converted it into…
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Nationalization of Commercial Banks
Indian Financial Institutions
Indian Financial Institutions The Indian banking structure has a wide and comprehensive form. Apex institutions in the form of banking institutions are playing important role in the country. The chief…
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Indian Financial Institutions
Functions of Banks
Functions of Banks Modern banks not only deal in money and credit creation, other useful functions management of foreign trade, finance etc. The meaning of modern banks is used in…
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Functions of Banks
Accounting
Accounting Definition [su_quote cite="American Institute of Certified Public Accountants"]Accounting is an art of recording, classifying, and summarising in a significant manner and in terms of money transactions and events which…
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Accounting