IRDAI or fully recognized as the Insurance Regulatory Development and Authority of India is an independent, autonomous and statutory body working under the government of India. The main role of the organization is to regulate, develop and promote the insurance and reinsurance sector in India while safeguarding the interest ofRead More →
Project/Slides/Presentation Transcript Topic: Demonetization Impact on Central Bank Autonomy INDEPENDENCE OF CENTRAL BANKS Central Bank Autonomy refers to the extent of freedom realised by the central bank in its functioning, independent of executive and legislative control. It implies operational freedom. A central bank is said to be independent or autonomousRead More →
Credit control is an important tool of the monetary policy used by Reserve Bank of India (central bank) to control the demand and supply of money and flow of credit in an economy. RBI keeps control over the credit created by commercial banks. Objectives of Credit Control The primary objectiveRead More →
Commercial Banks comprise of public sector banks, private sectors banks and foreign banks which represent the most important financial intermediaries in the financial system of a country. Commercial Banks play a crucial role in the banking industry of a country. A commercial bank is an institution whose debts are widelyRead More →
Securities refer to an investment that can be freely traded in the market and provides a right or claim on an asset and all future cash flows generated by that asset. According to Securities Contracts Regulation Act, 1956, “securities include shares, scrips, stocks, bonds, debentures, debenture stock or other marketable securities ofRead More →
Section 5(B) of Banking Regulation Act defines Banking as “Accepting, for the purpose of investing or lending, deposits of money from the public, repayable on demand or otherwise” The term bank is derived from an Italian word ‘banca’ and from a French word ‘banque’ both meaning a Bench or MoneyRead More →
Introduction to Indian Financial System – The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments. It facilitates the flow of funds form the households (savers) to business firms (investors) to aidRead More →
Marketplaces setup to carry out financial activities are known as Financial Markets. A Financial Market is any marketplace where buyers and sellers get together to participate in trading of financial assets such as shares, bonds, currencies and other financial instruments. Financial markets are characterized by transparent pricing, regulation on trading,Read More →
Project/Slides/Presentation Transcript Topic: Banking System of Canada INTRODUCTION The Banking System of Canada is the most efficient and safest banking system in the world. Canadian banks were handed a score between 1.0 (insolvent and possibly requiring a government bailout) and 6.8 on 7.0 (healthy, with sound balance sheets) HighestRead More →
Non Banking Financial Company (NBFC) A Non Banking Financial Company is a financial institution that does not have a full banking license and facilitates bank related financial services. It means – (a) A financial institution that is a company (b) A Non-banking institution that is a company whose principal businessRead More →