Key Differences

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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Difference between Bank Rate and Repo Rate | 8 Crucial Differences

difference between bank rate and repo rate

In this article, we will discuss the difference between bank rate and repo rate. Sometimes the commercial banks or other financial institutions suffer a liquidity crunch (shortage of funds). Hence in such circumstances, banks or financial institutions borrow the funds from the Reserve Bank of India (RBI), the Central Bank of India. The Reserve Bank …

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Difference Between Bailment and Pledge | With Easy Examples

Difference Between Bailment and Pledge

 There is plenty of example of Bailment in our day to day life. We borrow our friend’s bike or car or anything for personal uses is an example of Bailment. For the time being, in this article, we will study the difference between bailment and pledge. But before we go ahead let us first understand …

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