May 27, 2015

M-pesa

Pesa means money in Swahili language. M-Pesa is a mobile payment service (also a branchless banking) which was first launched by Vodafone in 2007 in Kenya and Tanzania. Since

April 27, 2015

Prompt Corrective Action

Prompt Corrective Action is a system of RBI under which it can initiate a corrective action in case of a bank which is found to be having low capital

March 15, 2015

Bill Discounting

Under Bill discounting, the lending bank takes the bill drawn by the borrower on his (borrower’s) customer and pays him immediately deducting some amount as discount/commission. The bank then

123