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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How to lodge complaint in Banking Ombudsman? | 7 Easy Steps

how to lodge complaint in Banking Ombudsman

There are three options available to complain in the Banking Ombudsman, in case you have any grievance or complaint regarding any mischief or deficiency in banking services. In this article, I will guide you on how to lodge a complaint in Banking Ombudsman. But, before I go-ahead, you need to ensure certain things as follows. …

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Banking Ombudsman Scheme | Complaints, Process, Settlement

Banking Ombudsman Scheme

Banking Ombudsman: “The Banking Ombudsman refers to the senior officials appointed by the Reserve Bank of India (RBI) to resolve the complaints against the certain services rendered by the scheduled commercial banks, RRBs Scheduled Primary Cooperative Banks.” The Reserve Bank of India may appoint one or two of its officials typically the Chief General Manager …

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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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