The four services covered by E-Banking are as follows: (i) EFT (Electronic Fund Transfer System) (ii) ATM's (Automated Teller Machines) (iii) Credit Card (iv) Debit Card.
Bank draft is a facility allowed to customers for sending money to other places. Generally, banks allow this facility to the account holders only.
The term 'merchant banking' has been used differently in different parts of the world. While in U.K. merchant banking refers to the 'accepting and issuing houses', in U.S.A. it is known as 'investment banking'.
Some of the 'non-bank financial companies' (NBFCs) in india are: 1. Investment Companies, 2. Loan Companies, 3. Hire-Purchase Finance Companies, 4. Chit Funds, 5. Nidhis, 6. Equipment Leasing Finance Companies and 7. Housing Finances Companies.
All-India Industrial Development Banks in India – (Main Features and Evaluation) !
The Policy of Neutral Money and its Criticisms!
Professors Wicksteed, Hayek and Robertson held that the best monetary system is one in which money is neutral. In their opinion, therefore, the monetary authority should aim at the complete neutrality of money.
The major objectives of development banks in India are as follows:
Development Banks are those financial institutions that provide funds and financial assistance to new and upcoming business enterprises.
Some of the important roles played by the Banking Institution in India are as follows:
The following points prove the importance of technology in banking industry:
The Banking sector in India has experienced a rapid transformation. Due to the advent of technology and automation there is a new trend in the banking system.
This article provides information about the reserve bank of India guidelines to the Indian banks!