Friday, January 19, 2018

Banking Instruments
  • A Kisan Credit Card is a credit card to provide affordable credit for farmers in India. It was started by ...

    A Kisan Credit Card is a credit card to provide affordable credit for farmers in India. It was started by the Government of India , Reserve Bank of India (RBI), and National Bank for Agriculture and R ...

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  • Risk management refers to the practice of identifying potential risks in advance, analyzing them and taki ...

    Risk management refers to the practice of identifying potential risks in advance, analyzing them and taking precautionary steps to reduce/ curb the risk. RBI issued guidelines on Risk Management in Ba ...

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  • Traditionally banks in India have these types of deposit accounts: ● Current Accounts: A current account ...

    Traditionally banks in India have these types of deposit accounts: ● Current Accounts: A current account is always a Demand Deposit and the bank is obliged to pay the money on demand. The Current acco ...

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  • With the objective of ensuring greater financial inclusion and increasing the outreach of banking sector, ...

    With the objective of ensuring greater financial inclusion and increasing the outreach of banking sector, the Reserve Bank of India in January 2006 permitted banks to use intermediaries as Business Fa ...

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  • A demand draft is a negotiable instrument similar to a bill of exchange . A bank issues a demand draft to ...

    A demand draft is a negotiable instrument similar to a bill of exchange . A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain ...

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  • Bill of Exchange is a three-party negotiable instrument in which the first party, the drawer, presents an ...

    Bill of Exchange is a three-party negotiable instrument in which the first party, the drawer, presents an order for the payment of a sum certain on a second party, the drawee, for payment to a third p ...

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  • A promissory note is a legal instrument (a financial instrument), in which one party (the maker or issuer ...

    A promissory note is a legal instrument (a financial instrument), in which one party (the maker or issuer ) promises in writing to pay a determinate sum of money to the other (the payee ), either at a ...

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  • A cheque is a negotiable instrument instructing a financial institution to pay a specific amount of money ...

    A cheque is a negotiable instrument instructing a financial institution to pay a specific amount of money from a specified transactional account held in the drawer's name with that institution. Partie ...

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