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Services Rendered by Banks | India | Banking

In this article we will discuss about the different services rendered by banks. They are:- 1. Advances 2. Acceptances, Endorsements and Other Obligations 3. Bill for Collection 4. Bills Payable 5. Bills Purchased and Discounted 6. Rebate on Bills Discounted. 1. Advances: (i) Loans: A bank gives a loan to a customer by a fixed advance on a loan account. [...]

By |2017-02-06T20:58:55+00:00February 6, 2017|Banking|Comments Off on Services Rendered by Banks | India | Banking

How to Maintain Accounts of the Banking Companies?

The following article will guide you about how to maintain accounts of the banking companies.   In 1913, when a good number of industrial houses failed, a demand for the regulation of banking business in our country was raised. A scheme for the regulation of banking companies was recommended by the Central Banking Enquiry Committee which was set-up in 1913. But [...]

By |2016-12-13T19:15:50+00:00December 13, 2016|Banking|Comments Off on How to Maintain Accounts of the Banking Companies?

Legal Provisions of Banking in India

In this article we will discuss about the Legal Provisions of Banking in India:- 1. Definition of Banking 2. Forms of Banking Business 3. Non-banking Assets 4. Management 5. Minimum Capital and Reserves 6. Floating Charge 7. Restrictions of Dividends 8. Statutory Reserve 9. Cash Reserves and Statutory Liquidity Reserve 10. Restrictions on Loans and Advances 11. Subsidiary Companies 12. [...]

By |2016-06-28T10:12:41+00:00June 28, 2016|Banking|Comments Off on Legal Provisions of Banking in India
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