Banking

Learn about various Banking related topics. This page is your one-stop solution to the world of Banking. Our aim for the banking category is high-quality content that is easy to understand. The content for each page is further supported with a bullet point list, table, and images. We aim to learn all your confusion related to Banking related topics.

OLAP vs OLTP: Difference and Comparison

OLAP and OLTP are online processing systems. However, there are prominent differences between them. OLAP and OLTP vary in their data, transaction, time, queries, and normalisation. OLAP refers to an Online Analytical Processing system. In contrast, OLTP refers to the Online Transaction Processing system. There are several other differentiating factors between the two. OLAP vs

OLAP vs OLTP: Difference and Comparison Read More »

Wholesale vs Institutional Banking: Difference and Comparison

The financial area assists nations with keeping up soundness and maintainability in their economy. The financial business offers various advances and freedoms to end clients, associations, and governments to develop their businesses and acquire benefits.  Simultaneously, they likewise make approaches to limit the dangers to the organizations. The financial framework comes in various structures, for

Wholesale vs Institutional Banking: Difference and Comparison Read More »

Retail Banking vs Personal Banking: Difference and Comparison

Banks provide retail banking and personal banking services to the general public or individual or retail customers rather than corporate, businesses, institutions, etc., and both are pretty similar in products and services because both offer approximately the same or quite similar products and services. Retail Banking vs Personal Banking In retail banking, facilities are provided

Retail Banking vs Personal Banking: Difference and Comparison Read More »

Universal Banking vs Commercial Banking: Difference and Comparison

Banking is the system that handles all financial transactions. Several types of banking provide different types of facilities; Universal and Commercial Banking are also two types of banking with functions and roles. Universal Banking is much broader, with more functions than Commercial Banking. Universal Banking vs Commercial Banking  Universal banking is a type of banking

Universal Banking vs Commercial Banking: Difference and Comparison Read More »

Wholesale Banking vs Commercial Banking: Difference and Comparison

The banking sector helps countries to maintain stability and sustainability in its economy. The banking industry offers different loans and opportunities to end-users, organizations, and governments to grow their business and earn profit. At the same time, they also create policies to minimize the risks to the businesses. The banking system comes in different forms:

Wholesale Banking vs Commercial Banking: Difference and Comparison Read More »

Wholesale Banking vs Corporate Banking: Difference and Comparison

Banks play a significant role in the economic growth of the country. Banks are the financial intermediaries between lenders and borrowers to fulfil their needs for funds and returns. Banks do several functions and provide various services to meet the needs of different customers. Wholesale banking and corporate banking are interchangeably used, but there is

Wholesale Banking vs Corporate Banking: Difference and Comparison Read More »

Group Banking vs Chain Banking: Difference and Comparison

Banking is an industry that handles financial transactions. There are different types of banks functioning in various sectors of health, education, business, profession, agriculture, and so on to keep the economy running. Group banking, Chain banking, Branch banking, Unit banking, and Mixed banking are the 5 types. Group Banking vs Chain Banking The difference between

Group Banking vs Chain Banking: Difference and Comparison Read More »

Nationalised vs Cooperative Banks: Difference and Comparison

Indian Banking Systems provides many services to the public sector elevating the Indian economy. The Reserve Bank of India regulates these banks through the Parliament Act of the Government of India. Many types of banks are present in India – Nationalised Banks, Cooperative Banks, Scheduled Banks, Private Banks, Non-Scheduled Banks, etc. The bank provides loans,

Nationalised vs Cooperative Banks: Difference and Comparison Read More »

What is Investment Bank? | Definition, Working, Pros vs Cons

Banking is a service that everyone uses, whether it is an individual, small business, big corporation, or government. Individuals and small businesses use commercial banks for their day-to-day financial activity, whereas big corporations and governments use investment banks for financial operations. These banks operate with different principal than others and deal with large amounts of

What is Investment Bank? | Definition, Working, Pros vs Cons Read More »

What is Computerised Accounting? | Definition, Working, Advantages vs Disadvantages

 Computerised accounting is the new-age method of gathering, recording and maintaining the financial information of a business or an organisation. This system entered the accounting world following the advent of computers in the 1980s. With its arrival, computing and maintaining financial information became child’s play for organisations and businesses. No wonder it is now the

What is Computerised Accounting? | Definition, Working, Advantages vs Disadvantages Read More »

What is Manual Accounting? | Definition, Uses vs Working

Before the advent of the digital revolution, most business-related activities, mainly financial accounting, used to be done by hand using pen, pencil and paper. Even today, this traditional manual accounting methodology is prevalent among business entities and companies. This accounting system entails keeping transaction records in books and journals manually converted into financial reports. It

What is Manual Accounting? | Definition, Uses vs Working Read More »

What is a Merchant Bank? | Definition, Working vs Types

What is Merchant Bank The traditional functions include:  How does it work? Advantages and Disadvantages of Merchant Banks: Advantages Disadvantages Merchant Banking customers get the most honest advice as they deal with experts and get counselling sessions fit for their respective businesses. Merchant banking services are very costly; this is one of the major disadvantages.

What is a Merchant Bank? | Definition, Working vs Types Read More »

What is Public Sector Bank? | Definition, Working, Advantages vs Disadvantages

Banks are the most important financial institutions in the world. The banking system makes all financial transactions possible without much hassle. People can save their money in banks, take loans, and transfer funds easily through bank accounts. However, all banks are not the same. According to their stakeholders, banks can be classified into two types.

What is Public Sector Bank? | Definition, Working, Advantages vs Disadvantages Read More »

What is Branch Banking? | Working, Guide, Pros vs Cons

Banking has become the foundation of modern economic activity. Banks offer various financial services like saving, loans, and fund transfers. Everyone uses banking services daily, Whether an individual or a business entity. Doing financial activity securely will become nearly impossible without proper banking services. However, many people don’t know that all banks are not the

What is Branch Banking? | Working, Guide, Pros vs Cons Read More »

Overdraft vs Demand Draft: Difference and Comparison

The backbone of the modern economy is the banking system. It is one such financial institution on which almost all individual and business entity depends. Banking institutions worldwide offer various monetary arrangements for easy financial transactions. Overdraft and Demand draft are two features that most banks worldwide offer. Many economic activities become possible with these

Overdraft vs Demand Draft: Difference and Comparison Read More »

Mobile Money vs Mobile Banking: Difference and Comparison

Mobile money and Mobile Banking are separate terms for a modernized cashless transaction. Mobile money and Mobile banking are maintained by the financial institution that provides the service for the users. Mobile Money vs Mobile Banking The difference between Mobile money and Mobile banking is that mobile money enables only person-to-person (P2P) payments, and Mobile

Mobile Money vs Mobile Banking: Difference and Comparison Read More »

Merchant vs Wholesale Banking: Difference and Comparison

Merchant Bank is an entity that performs different types of financial activities for its clients. This bank does not provide any regular banking services to the general public. The wholesale bank provides banking services to other institutional customers, big companies with solid balance sheets, government agencies, etc. These do not provide services to individual people

Merchant vs Wholesale Banking: Difference and Comparison Read More »

EFT vs RTGS: Difference and Comparison

Banks are licensed financial institutions that help customers save and lend money. Banks play a vital role in people’s lives by offering support to individuals and businesses. The financial services offered by banks help people manage their lives effectively. Banks offer attractive benefits to attract customers to sustain the business due to competition. Electronic Fund

EFT vs RTGS: Difference and Comparison Read More »

ACH vs eCheck: Difference and Comparison

Technological advancements made tremendous changes in money transactions, providing numerous options for people to make their financial dealings. Electronic money transactions emerged as the safest and most rapid method for financial trades. Paper cash and paper checks are taking a backseat in the present world, where E-checks and digital transactions are gaining prominence. ACH and E-checks

ACH vs eCheck: Difference and Comparison Read More »

ACH vs RTGS: Difference and Comparison

Transfer and distribution systems constantly evolve, offering customers and credit seekers various options. Banks offer multiple plans for payments and settlements. ACH vs RTGS ACH (Automated Clearing House) transfers are batched and settled in batches, where transactions are grouped together and processed. RTGS (Real-Time Gross Settlement) transfers are settled in real-time, meaning that they are

ACH vs RTGS: Difference and Comparison Read More »

EFT vs ACH: Difference and Comparison

EFT (Electronic Funds Transfer) is a broader term that encompasses various electronic methods of transferring funds, while ACH (Automated Clearing House) is a specific type of EFT system commonly used for processing electronic payments and direct deposits in the United States. EFT vs ACH EFT (Electronic Fund Transfer) refers to money transactions between bank accounts.

EFT vs ACH: Difference and Comparison Read More »

Commercial vs Merchant Bank: Difference and Comparison

A commercial bank primarily offers a wide range of financial services to individuals and businesses. In contrast, a merchant bank specializes in providing advisory and capital-raising services, for corporate clients and larger financial transactions. Commercial Bank vs Merchant Bank Commercial banks are focused on providing essential banking services to individuals and businesses, including accepting deposits,

Commercial vs Merchant Bank: Difference and Comparison Read More »

Scheduled vs Non-Scheduled Banks: Difference and Comparison

Scheduled banks are financial institutions included in the Second Schedule of the Reserve Bank of India Act, 1934, and are eligible to receive banking privileges, while non-scheduled banks do not enjoy these privileges. Scheduled Banks vs Non-Scheduled Banks Scheduled banks can receive loans from the Reserve Bank of India at a concessional rate. Non-scheduled banks

Scheduled vs Non-Scheduled Banks: Difference and Comparison Read More »

Unit Banking vs Branch Banking: Difference and Comparison

Unit banking operates as an independent, single-branch bank, while branch banking involves a bank with multiple branches interconnected under a single management system. Unit Banking vs Branch Banking Unit banking is a system where each bank branch operates independently, with separate management and operations. In contrast, branch banking is a system where multiple branches operate

Unit Banking vs Branch Banking: Difference and Comparison Read More »