Sample letter to bank regarding update of pass book and certificate of balance. I shall also request you to furnish us a certificate indicating balance in my account for auditors inspection.
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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.
Below you can read an interesting sample letter to the bank enquiring the credit worthiness of a customer. Would you please write to them and ascertain the credit worthiness of COMPNAY NAME.
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..
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.
Some of the functions of or types of assistance to be provided by the IDBI are as follows: (i) Direct Financial Assistance, (ii) Indirect Financial Assistance, (iiI) Development Assistance, and (iv) Promotional Function.
The Industrial Development Bank of India is the apex financial institution in the field of development banking in the country. It was established in July, 1964 with the twin objectives of:
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.
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.
The necessary conditions for the success of bank rate policy are more satisfied in the developed countries than in underdeveloped countries. In the underdeveloped countries, the bank rate policy has been called into question due to the following reasons..