There are various types of loans or advances, which can be divided on the basis of different sets of criteria. They have been discussed below: Non-fund based lending...
Wipro, India’s third-largest software services firm has appointed Abid Ali Neemuchwala as the Group President and Chief Operating Officer (COO). This appointment will be effective from 1 April...
Shri Krishna Chaitanya, also known as Gauranga, was a 16th century saint born in Nabadwip, West Bengal. He is known for his mode of worshiping Krishna through ecstatic...
As of March 2015, the domestic banks and foreign banks with 20 and more branches have to disburse 40% of the Net Bank Credit (NBC) to Total Priority...
Services on 15 March 2015 have won 69th Santosh Trophy football title 2014-15. In the final match Services defeated host Punjab by score of 5-4 at Guru Nanak...
India on 15 March 2015 has won FIH Women’s Hockey World League Round Two competition title. In the final match played at Major Dhyan Chan stadium in New...
India’s ace shuttler Kidambi Srikanth on 15 March 2015 won badminton’s prestigious $120,000 Swiss Open Grand Prix Gold title in Men’s singles category. In the final match he...
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...
Under Cash credit facility, a line of credit is provided to the borrower on the basis of his projected level of sales, inventories, receivables and cash requirements. This...
A letter of credit (L/C) is a type of “documentary credit” or a “non-fund based credit”. It is a document issued by a bank or financial institution at...
