Merchant banking refers to the combination of banking and consultancy. Merchant Banking involves the provision of banking services and consultancy to its customers regarding financial, marketing, managerial, and legal services. Consultancy denotes providing advice, guidance, and service for remuneration. It involves the provision of a wide range of services thatRead More →
Retail Banking simply refers to the provision of banking services to the general public. It focuses on the needs of the general public rather than companies. It is also known as consumer banking. While Corporate Banking focuses on businesses, Retail banking focuses on individuals. Retail Banking is different from retailRead More →
Bank Mandate A bank mandate is a written order to the bank, asking it to open an account, name the peon/s authorized to sign the cheques on behalf of the account holder, and provide the specimen signature. It is also a written request passed by one bank to another. ThisRead More →
In this article we will have a look at the different banking instruments which help us in our banking transactions: Pay-in-Slip Cheque Book Pass Book ATM cum Debit Card Credit Card Pay-in-Slip It is a blank document that has to be filled by the customer whilst depositing Cash or aRead More →
Corporate banking represents a plethora of banking and financial services provided for domestic and international operations of big local corporates and to the local operations of multinational organizations. Corporate banking refers to banking products and services that are offered especially to corporate clients such as lending services that could beRead More →
A loan is one of the most profitable instrument of a bank since it helps the bank to increase its earnings and make profits. The efficient management of loans and advances assumes a greater significance as it is also the largest asset for any bank. However, with the tightening ofRead More →
What is a KYC or Know Your Customer Form? The term KYC or Know your customer is used to/for customer identification which involves efforts to identify an individual or an entity by verifying the personal credentials, like sources of funds, the fairness of business and its operations, the nature ofRead More →
Most of us have the experience of having to go to a bank and opening a bank account for the first time. At first, it might seem to be a cumbersome effort, but when seen through steps, you will realize the efficacy of each one. Step 1: Decide the typeRead More →
Banking is a part of our lives. It has been around for times immemorial. With such a vast spread of the banking infrastructure, it is a surprise if one does not have an account in a bank. There are various types of bank accounts under any banking system some ofRead More →
The Reserve Bank of India – RBI is the Central Bank of the country. It has the task of overseeing the economic as well as the monetary policy of the country. History of RBI The Royal Commission on Indian Currency and Finance, which was also known as the Hilton-Young Commission,Read More →
Before we get into the Banker customer relationship, it is imperative for us to understand what is a BANK? A Bank is an institution, incorporated with the authority and the responsibility to issue promissory notes which are to be circulated as money, also known as Bank Notes. They are alsoRead More →
The Central Bank of any country plays the most important part of governance. Formulation of financial agreements in order to create financial independence. Some of the principle responsibilities that the Central Bank has to perform are: note issue banker to the government bankers’ bank lender of the last resort controllerRead More →