Different Types of Banks in India
Posted in Economy of India by Anamika Sethi On September 24, 2014
Banks in India A bank is a financial institution whose purpose is to receive deposits and lend money to individuals and businesses, disburse payments, invest funds in securities for a return, and safeguard money. It services savings and current (chequing) accounts, provides
Functions of Commercial Banks in India
Posted in Blog by Anamika Sethi On September 24, 2014
Commercial Banks in India Commercial banks provide banking services to businesses and consumers through a network of branches. These banks are in business to make a profit for their owners and they are usually public limited companies managed by shareholders. In India,
What are Commercial Bills?
Posted in Economy of India by Anamika Sethi On July 2, 2014
Commercial Bill Market The commercial bills are issued by the seller (drawer) on the buyer (drawee) for the value of goods delivered by him. These bills are of 30 days, 60 days or 90 days maturity. If the seller is in need
What are Treasury Bills?
Posted in Economy of India by Anamika Sethi On July 2, 2014
Treasury Bills Market Treasury bill is a monetary policy instrument through which government raise funds for short period requirements and commercial banks invest their short period surpluses by buying these bills from government. Three types of treasury bills are important: 91 days
What is Bank Rate?
Posted in Blog by Anamika Sethi On July 2, 2014
Meaning and Definition The bank rate is the interest rate the central bank charges while making a loan to a commercial bank. Thus, the bank rate is essentially the lending rate of the central bank. The central bank has the power to
Functions of Reserve Bank of India (RBI)
Posted in Economy of India by Nitin Singhal On November 22, 2013
Introduction The Reserve Bank of India (RBI) began its operations as the India’s Central bank in April, 1935. RBI plays an important role in Indian economy. Originally, it was a private shareholders’ bank, but since January 1949 it has been functioning as
Sources of Industrial Finance in India
Posted in Economy of India by Nitin Singhal On November 21, 2013
Introduction By industrial finance we mean the organization of various types of finance needed by industries for their activities connected with the production of goods and services. Production activities include construction of buildings, purchase of machines, their repair, purchase of raw materials,
Indian Money Market
Posted in Economy of India by Nitin Singhal On November 20, 2013
What is Money Market? By the phrase “money market” we mean, the purchase and sale of the services of money. It comprises all institutions dealing in money. The dealers in money buy the sayings from the depositor at a low interest rate