There are two types of banks in India on the basis of ownership viz. Public Sector banks and Private Sector banks. We have covered these two categories in our post " Difference Between Nationalised, Public And Private Sector Bank " in detail. In this post, we will walk you through Private Sector ... Read More
Important Banking Terms
If you want to make a career in any field it is important that you are aware of basic terminology and jargon of that area. So if you want to join the banking industry. it is pertinent that you have a understanding and familiarity with the commonly used banking terms. Knowledge of these banking terms ... Read More
Payments Banks And Small Banks
Payments banks There is a need for transaction and savings account for the under served in the population. The remittance (payments) has micro-economic benefit for both the recipient and also the area receiving it. But higher transaction cost diminishes the benefits. Hence, the answer is Payments ... Read More
Difference Between Nationalised, Public And Private Sector Bank
It is important to understand the difference between nationalised bank, public and private sector. This is one of the favourite topics of paper setters and interviewers in many banking exams and interviews. Let us take a look at some important points which will help you understand the basic ... Read More
Guidelines For New Bank License
After the nationalization of the banks in 1969 and 1980s the banking sector has been completely under the control of government. From 1993 to 2001, the private banks that came into being were not sponsored by the bigger industrial/business houses. As a result they failed. The bias against the bigger ... Read More
Non Performing Assets
Non Performing Assets or NPA are the bad debts of financial institutions or banks. Definition Non Performing Assets can be defined as: “Interest or installments or principal that remains outstanding or overdue for a period more than 180 days with respect to loan terms” Or, “Interest or ... Read More
Concept of National Income : GDP, NDP, GNP, NNP
We hear terms like GDP, NDP, GNP, NNP etc. very frequently in news, magazines and daily discussions. But do we know what they really mean and what are their uses. Here we are trying to make you understand these terms without using technical jargon. These are some of the terms related to National ... Read More