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

Top 10 Functions of Reserve Bank of India (RBI)

Reserve Bank of India (RBI) is the Central Bank (Apex Bank) of India. RBI was established on 1st April 1935 due to enforcement of RBI Act 1934. Top 10 Functions of Reserve Bank of India (RBI): Being a statutory body RBI is not only accountable for regulating the various financial institutions in India but also … Read more Top 10 Functions of Reserve Bank of India (RBI)

Cooperative Banking of India | An Overview

Cooperative Banking in India- An Overview In this blog, we are going to brief the Cooperative Banking of  India and by the end of this article you’ll be able to learn: What are Cooperative Banks? History of Cooperative Banking Structure/ Types of Cooperative Bank The function of Cooperative Bank Let us first understand what is … Read more Cooperative Banking of India | An Overview

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 … Read more 5 Major Functions of Commercial Banks

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 … Read more Types of Banking in India | Complete Structure of Banking System