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The entrepreneur and managers are the most valuable people behind any organisation and their roles are equally important for functioning.
Although both the term sounds similar in some contexts yet there are few critical difference between entrepreneurs and managers. The most prominent difference lies in their role, position, thought process and approach for a business organisation.
There is always a credit risk for both buyers and sellers during domestic or international trade/ transaction between two parties. The letters of credit and bank guarantees, both are utilised to mitigate the credit risks of buyers. However, letter of credit and bank guarantee are not similar and often used (domestic and international) in different circumstances during the export and import transaction or performance of real sates and infrastructure projects.
There are various types of bank accounts which anyone can open in nearby banks whether it is public or private. Are you a professional, self-employed or entrepreneur? Looking for opening a bank account or just curious to know the different types of bank accounts.
The entrepreneurs and businessmen are generally misunderstood and look similar term but conceptually, there are critical differences between their intention approach to business.
In simple words, the entrepreneurs and businessmen have their own distinct approach and belief towards businesses, however, the final goal of both of them is to make profits by providing whatever products or services they are offering to the society.
The banks are the major components of the Indian financial system which play a vital role in the economic development of India.
In this article, we will go through each type of banks functioning in India as of 1st April 2020. But before we go ahead, let us first discuss how many categories of banks are functioning in India.