Category: Banking

Investment policy of a commercial bank

The main function of a commercial bank is to accept deposits. It is a institution which do business with the money provided by the depositors. The bank makes investment of such funds in different sectors of the economy and thus…

RuPay Card, Its Features & Advantages

RuPay comprises of two words, Rupee and Payment. RuPay is the first-of-its-kind domestic Debit and Credit Card payment network of India, with wide acceptance at ATMs, POS devices and e-commerce websites across India. It was conceived to fulfil RBI’s vision to offer…

UNIFIED PAYMENT INTERFACE (UPI)

Unified Payments Interface (UPI) is a system that powers more than one bank accounts into a single mobile application (of any participating bank), combines several banking features, seamless fund routing & merchant payments into one hood. It also caters to…

Digital Currency

The term, “digital currency” refers to the currency that only available in electronic or digital form. Digital currency is also known as digital money, electronic money, electronic currency or cyber cash. It is intangible assets which mean we can’t touch…

What is bad bank and why India needs bad bank?

Bad bank is new type of bank, set up especially to identify, examine and sell stressed assets of poor performing bank and at the time of economic expansion when assets price is picked up , sell these stressed assets at…

Credit Information Companies In India

A Credit Information Company popularly known as credit bureau collects the credit information from banks and other lenders, prepares a credit history, compiles credit scores and thereafter provides the information on a particular proponent to the lender for a fee.…

Financial Inclusion

Financial Inclusion refers to universal access to a wide range of financial services at a reasonable cost by vulnerable groups such as weaker sections and low income groups. Financial Inclusion is the way the Governments strive to bring common man…

Important banking questions & terms

Important banking questions & terms Who is the Governor of RBI? Governer of RBI is Shri Urjit Patel, who took over from Raghuram Rajan on 4 September 2016. Who are the deputy governors of RBI? Viral V. Acharya Shri N. S. Vishwanathan,…

Ways to Quickly Raise Money for Your Business

A large number of businesses fail primarily due to lack of funds. The journey of converting an idea into a profitable business requires capital. Therefore, most entrepreneurs are constantly trying to find ways to raise money for their businesses. The…

How to increase credit score for home loan

Congratulations! You received that bonus which adds up to your corpus that you were saving up for the downpayment of your dream house. You also secured to bag that promotion a few months back which will help you afford the…