What is SHG? Self Help Groups means a group which represents a financial intermediation, but the financial intermediation is not the only primary objective of the groups. The...
Microcredit is the small credit given to poor and comes under the micro finance services. The commercial banks are encouraged by the RBI for expansion of the microcredit...
What is the Basic Objective of Priority sector lending? The basic objective of setting priority sector targets has been to ensure greater flow of credit to certain sectors...
The Reserve Bank of India (RBI) had issued the notification of Banking Ombudsman Scheme in 2006, after that an aggrieved credit card user can now apply to the...
The following table shows the picture of the Credit card Business in India. The above table shows that: In the recent years, the amount spent on cards as...
Credit card allows its holder to buy goods and services based on the holder’s promise to pay for these goods and services. Its usage started in 1920s in...
The share of the retail loans in total loans and advances of the Scheduled Commercial Banks was 21.3% in 2008-09. This has marginally come down to 19.0% by...
As per the “Trends and Progress of Banking in India 2009-10” recently released by the Reserve Bank of India, Retail credit growth including personal loan portfolio of banks...
Cross selling is when an existing customer is offered and sold ancillary / additional services or products. One example is selling a credit card to a customer with...
The main characteristic of retail banking , very much similar to retail trade, is that banks directly execute transactions with consumers rather than other banks or corporations. The...
