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 the RBI Act 1934. Being a statutory body RBI is not only accountable for regulating the various financial institutions in India but also it performs various other functions which are explained … Read more

Types and Usage of Letter of Credit (LC)

In this article, we will discuss the most popular types of letter of credits and its significance in international trade. Let us first understand what is the letter of credits. Letter of Credit (LC): The letter of credit or Documentary Credit is a financial document which offers a secure payment mechanism between exporters/ supplier and importer/ … Read more

What is Hedging in Finance? Hedging in Forex, Stocks, Commodity with Examples

The term ‘Hedging’ refers to the protection from loss of capital, investment or savings, property due to uncertain events such as depreciation, inflation, fluctuation in prices or a sudden accident. In this article, we will discuss the following topics. What is Hedging in Finance? (with examples) What is Hedging in Forex?  Hedging through Stock Futures … Read more

What is Letter of Credit (L/C)? Definition | Process of Letter of Credit| Explained with example

What is Letter of Credit? A Letter of Credit (L/C) or Documentary Credit refers to a contract/ agreement/ undertaking to facilitates the guaranteed payment mechanism to the exporters of goods or services by the banks on the behalf of importer/ buyer provided the supplier fulfill all the predefined conditions described in the sale contract between … Read more

Controlling in Management | Definition, Limitation and Importance of Controlling

Controlling in Management: Controlling is one of the important function of a manager. Controlling function of a manager is the most common function. Managers at all level of management – Top, middle and lower need to perform controlling function to keep control over activities in their areas.   In order to seek planned result from the … Read more