Further, under Internet banking, the following services are available in India: Bill payment –Every bank has a tie-up with different utility companies, service providers, insurance companies, etc. across the country. The banks use these tie-ups to offer online payment of bills (electricity, tel...
Types of Banking: The banking system in India is divided into the following branches: Types of Commercial Banks: Public Sector BanksPrivate Sector BanksForeign BanksRegional Rural Banks The major stakeholder of these banks is government entities such astheMinistry of finance.These banks prioritise soci...
Check the different types of credit cards in India & choose the best to suit your need. Each type of credit card lets the user enjoy specific benefits & features.
Foreign Bank: Banks set up in foreign countries, and operate their branches in the home country are called as foreign banks. Non-scheduled commercial banks refer to the banks which are not covered in the Reserve Bank of India’s second schedule. The paid-up capital of such banks is not mo...
Similar to commercial banks, institutional banks specialize their services to the large businesses and corporations. Examples of companies that use institutional banking are Google, Apple, Amazon, and Disney. In addition to large companies, some government departments will also use institutional banking ...
Are you looking for a career in law? Learn all the available careers in law and the benefits of pursuing law in India on this page. From exploring the myriad of career options in law to the salary drawn by those law professionals-you'll find everything o
In India, education loans are classified as secured and unsecured on the basis of one exclusive factor, i.e, collateral security. If you are familiar with how loans work, you may have come across this term multiple times. Collateral security refers to assets which are pledged by the borrower...
In this blog, we will explore the different types of property taxes in India, how they are calculated, and the various payment options available to property owners. Table of Contents Types of Property Tax Residential Property Tax Commercial Property Tax Agricultural Property Tax Vacant Land Tax 6...
Commercial loans are another type of foreign investment. They involve bank loans issued by domestic banks to businesses in foreign countries or their governments. Historically, state engagements and corporate investments abroad have often been closely linked: foreign investments typically piggybacked on stat...
While commercial banks seek to make profits on loans and other financial services, the goal of MDBs is to issue grants and low-cost loans to improve the economic conditions of lower- and middle-income countries. MDBs operate throughout the world and control trillions of dollars in assets. ...