Banking

India is a country with a banking system serving a vast population. In general, Indian Banks are classified into two groups, namely scheduled bank and non-scheduled banks. The scheduled group includes a commercial bank, small […]

Very often, you may have noticed in your passbook or bank statements the word ‘CLG‘ associated with money deposited to your bank account via cheques. Suppose someone issues you a cheque as a payment of […]

Banks are vital financial institutions of an economy. They function by borrowing money from depositors offering them a particular annual rate of interest and lending the money to the borrowers, at a higher rate of […]

Today, more than 80% of the Indian population has a bank account to their name. However, even today, if an adult is asked about the definition of a bank, he or she might stumble on […]

Each technology comes with its own advantages and disadvantages. Today, we would be discussing one such technology that has helped us in transforming the entire banking sector, ATM cards. ATM cards are the need of […]

Every now and then when you would have glanced on to your bank statement, you would have come across the word MMT and wondered what it does stand for. Well, no more would that be […]

Banking institutions in India are primarily of two types: scheduled and non-scheduled. Any bank that is listed under the 2nd schedule of the Reserve Bank of India Act, 1934 is considered to be a scheduled […]

The Reserve Bank of India (RBI) grants two kinds of banking licenses to financial institutions across the country. Apart from the common Universal Bank Licence, that caters to commercial banks like HDFC, Axis, ICICI, etc, […]

There is simply not a single speck of doubt about the fact that when we are having a talk about the important banks in America, there are only a few names that come to the […]