Banking

What is Bank Guarantee? Meaning, Types | Charges and Process

Bank Guarantee: When the Central Government/ State Government or large companies float a tender or offers to purchase goods/ services/ equipment or any other instruments, the small vendors/ supplier or firms require to provide assurance from banks to ensure responsibility of vendors/ firms towards the tender or trade. The banks provide the guarantee of performance …

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5 Major Functions of Commercial Banks

5 Major Functions of Commercial Banks: In this article, we are going to explain, 5 Major functions of Commercial Banks. What are Commercial Banks?  Commercial Banking in India. but before we start, let us know What are the Commercial Bank first. “Commercial Banks are those financial institutions which accept deposits from the public and advance …

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Types of Banking in India | Complete Structure of Banking System

Types of Banking in India:- In this article, we will understand the structure or hierarchy of Banking Systems in India. We will discuss function, importance, the purpose of establishment of each and every types of banks which are established in India. First to understand the whole topic see the following hierarchy of Banking system in …

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