Tag Archives | bank

Sample letter requesting a bank for a loan

I am contemplating extension of my business to meet our increased demand and it would necessitate additional capital. I should be glad if you could see your ways in arranging a loan for me.

What are the objectives of World Bank?

The World Bank was established to promote long-term foreign investment loans on reasonable terms. The, purposes of the Bank, as set forth in the ‘Articles of Agreement’ are as follows..

What are the functions of Export-Import Bank of India (EXIM) ?

The Export-Import (EXIM) Bank of India is the principal financial institution in India for coordinating the working of institutions engaged in financing export and import trade. It is a statutory corporation wholly owned by the Government of India.

What is the difference between Commercial Bank and NBFI?

In spite of certain similarities, the commercial banks basically differ from non-bank financial inter­mediaries on the following grounds. Commercial banks have the ability to generate multiple expansion of credit. The non-bank inter­mediaries do not have such ability.

Write a short note on Reserve Bank of India

The Reserve Bank of India is India’s central bank. It is the apex monetary institution which supervises, regulates controls and develops the monetary and financial system of the country. The Reserve bank was established on April 1, 1935 under the Reserve Bank of India Act, 1934.

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