Banking

The banking system is the backbone of the economy of a country. The banks also play a crucial role in day to day life of the citizens.

Difference Between Commercial Banks and Merchant Banks | 7 Key Differences

Commercial bank vs Merchant bank

There has been always a misconception that both commercial banks and merchant banks are similar and offer identical services. Therefore, in this article, we will discuss what is the difference between commercial banks and merchant banks. Commercial banks are those financial institutions whose primary function is accepting deposits and granting loans/ advance to individuals, trade …

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Difference Between Commercial and Cooperative Bank | 11 Major Differences

Difference Between Commercial and Cooperative Bank

Although Commercial banks and cooperative banks are included under the category of scheduled banks, yet there is the key difference between commercial and cooperative bank. The main objective of commercial banks is to make profits, however, cooperative banks function on the principle of cooperation, self-help or mutual help of its members such as farmers, small …

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Difference Between Central Bank and Commercial Bank | 11 Major Differences

Difference Between Central Bank and Commercial Bank

The Central Bank is the Apex institution of a country whereas commercial banks are a minor unit of the whole financial system. Although both central bank of a country and commercial banks are the backbone of the financial system of any country because it mobilises funds, creates credit, regulates the supply of funds and hence …

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Difference between Scheduled and Non-scheduled Bank

Difference between Scheduled and Non-scheduled Bank

Indian Banking System is broadly classified into three categories: Scheduled Banks, Non-scheduled Banks and Development Banks. In this lesson, we will discuss the difference between scheduled and non-scheduled banks.  The banks are those financial institutions which accept deposits from the general public and corporations, avail advances/ loans to those who require funds and provide other …

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Difference between Bill Discounting and Factoring | 9 Key Differences

difference between Bill discounting and Factoring

Although both Bill discounting/ invoice discounting and Factoring are the source of short-term working capital funds. The supplier/ exporter whether they small or medium utilise these financial services to arrange funds against the bill of exchange or invoice raised to the buyer/ importer from the financial institutions or agents which provide these kinds of services. …

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