Do you need to
know what would be various Kinds / Types of Banks i.e., Different Number of Banks available in Banking Industry in India? Just
proceed further to know about it...
1. Saving Banks
Saving banks was
founded to be a secure place for salaried people and low income groups to save
money for a rainy day. Saving banks were established to encourage saving habit
among the people to earn more money. At present, Post offices &...
Sunday, May 27, 2012
Thursday, May 24, 2012
Characteristics / Features of a Bank
From
the Definition of Banking mentioned in earlier post, the Characteristics /
Features of a Bank may be listed as follows:
1.
Dealing in Money
Bank
is a business activity which deals with other people's money i.e. getting money
from depositors and lending the same to borrowers.
2. Banking
Business
A bank
is a financial institution which does banking activities of selling financial
services like home loans, business loans, lockers, fixed...
Monday, May 21, 2012
History of Bank
EVOLUTION OF BANKING IN INDIA
The
first public banking institution was The Bank of Venice, founded in 1157. The
Bank of Barcelona and the bank of Genoa were established in 1401 and 1407
respectively. These are the recognized forerunners of modern commercial banks.
Exchange banking was developed after the installation of the Bank of Amsterdam
in 1609 and Bank of Hamburg in 1690.
The
credit for laying the foundation of modern banking in England...
Friday, May 18, 2012
Bank : Origin & Definition
Origin of the term ‘Bank’
The term
‘Bank’ seems to have originated and/or
derived from different sources like the Germanic word ‘banck’, the French word ‘banque’
and the Italian word ‘banco’. The
Germanic word ‘banck’ which means a
joint stock fund or heap. The Italian word ‘banco’
refers to a bench at which the money changers used to change one kind of money
into another and transact their banking business. Thus, in olden days, banking
was...
Tuesday, May 15, 2012
What is Bank and Banking? : Introduction
In this
series of Banking Basics, you will be able to grasp and know all of the
following fundamentals of Banking such as Bank and Banking: Introduction, Origin,
Definition, History, Features of Bank, Types of Bank, Role of Bank in economic
development, How to open Bank Account, Advantages of Opening Bank Account, Cheque,
Demand Draft, Types of Deposits: Fixed Deposit, Recurring Deposit etc.,
Meaning of Bank & Banki...
Sunday, May 13, 2012
How Does the Indian Stock Market Work?
For a new investor, the stock market can make them feel a
lot like legalized gambling market but reality is different as it is driven by
supply and demand chain where buying and selling of stocks happen. The supply
is determined by the availability of number of stocks for sale and the demand
indicates the reverse of it i.e., number of shares that investors want to buy
from the seller. It's important here to note that if anyone bought / purchased
a...
Monday, May 7, 2012
Indian Stock Exchanges: History & Introduction to Beginners
Stock
exchanges
Stock
exchange means anybody of individuals, whether incorporated or not constituted
for the purpose of regulating or controlling the business of buying selling or
dealing in securities. The Stock exchanges deal with Securities which include:
i)
Shares,
scrips, stock, bonds, debenture stock or other marketable securities of...
Saturday, May 5, 2012
PRINCIPLES OF INSURANCE
In
continuation to Basics of Insurance Planning regarding what is Insurance and history
of insurance, let’s now know the principles applicable to Insurance.
A
contract of insurance is a mercantile contract. All the principles which are applicable
to mercantile contracts are applicable to contracts of insurance. In addition
to this, there are special principles applicable to contracts of insurance.
Special
Principles of Insurance are as...
Wednesday, May 2, 2012
Why do we need Insurance Planning ?
CAN
YOU BE SURE AS TO WHAT MAY HAPPEN TO “U” IN THE NEXT FEW MINUTES???...
DO
YOU WANT TO BE FINANCIALLY SECURE IN THE EVENT OF ANY UNFORESEEN CALAMITY???...
As
you know like this Life is full of uncertainties & unpredictable events, so
insurance is needed to provide peace 0f mind for you;
The
following Insurance benefits will provide you some idea on why do you need
Insurance Planning in present situation. Need for Insurance Planning...
