Banks perform a significant role in the economic growth of the country. Banks are the financial intermediaries between lenders and borrowers to fulfill their needs of funds and returns. Banks do several functions and provide various services to meet the needs of different customers. The terms Wholesale banking and corporate banking are interchangeably used, but …
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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, Mixed banking are the 5 types of Banking. Group Banking vs Chain Banking The difference …
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A term that has gained maximum importance among the Americans is “Stimulus Check”. According to recent news, the Corona Virus relief money or the Stimulus Check would be issued via Debit cards. Mailboxes and Bank accounts of millions of Citizens of the US are getting hit by this Stimulus money since the beginning of every …
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Banking is one of the most reliable sectors in this advancing world. Being a trustworthy industry, it provides a safe environment to store cash and credits. Not only this, but it also helps people to keep an account of their regular expenditures. Since it is such an important industry, everyone should be aware of the …
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Banking is ubiquitous and essential in our day-to-day life. It helps us to manage our money and gives us loans when needed. Many banking types are unfamiliar to everyone; hence, they don’t know or are confused about them. Corporate Banking and Business Banking are two types of banks that most people are unaware of. Corporate …
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General when a person has his own businesses, he has two bank accounts. That person will have all his personal income and expenses, which is known as personal banking and second in which he will have all his business income and expenses, which is known as business banking. Even though having two different bank accounts …
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Indian Banking Systems provides many services to the public sector elevating the Indian economy. These banks are regulated by the Reserve Bank of India and come under the Parliament Act of Government of India. Many types of banks are present in India – Nationalised Banks, Cooperative Banks, Scheduled Banks, Private Banks, Non-Scheduled Banks, etc. The …
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There are many banks and different types of banking systems in today’s world. Sometimes people get confused about some terms related to banking. Banking is also needed when it comes to industries and public sector units. For them, there is a banking system called the Corporate banking system. And for both public as well as …
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Various types of banks are operating in the global economy to meet the financial needs of multiple groups of people involved in agriculture, industry, professions, and other activities. Knowing the difference between these banks is very important. Branch Banking and Chain Banking are two very different types of Banking System. Branch Banking vs Chain Banking …
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The concept of banking dates back to many centuries. A bank is a system that deposit, borrow, give loan, to its users. It acts as a bridge between those who have extra money to save and the person who needs money. There are many types of banking available now. Branch Banking and Agent Banking are …
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