Difference between Letter of Credit and Bank Guarantee

Difference between Letter of Credit and Bank guarantee

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 […]

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Difference between Entrepreneurs and Businessmen | 6 Hidden Aspects

Difference between Entrepreneurs and Businessmen

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 […]

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List of Banks in India | Indian Banks List (As of April 2020)

banks in india

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.

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