Besides agency services, commercial banks perform many general utility services also. Banks render these services not only to their customers but also to the general public. The following
Agency functions of commercial banks Agency Services or Agency functions of commercial banks are elaborated in detail below 1. Collection of Cheques, Dividends, Interests etc.: Collecting cheques, drafts,
Public and rights issues play a significant role in raising capital for companies, enabling them to fund expansion plans, invest in new projects, or meet financial obligations. In
The traditional functions of Reserve Bank of India includes Issue of Currency, Banker to Govt, Bankers Bank, Credit control Measures, lender of lost resort, exchange control, clearing house
Introduction Chit fund concerns are covered under Chit Fund Act. Chit funds are those business concerns which accept from its customers a fixed amount every month for a
In 1970, a comprehensive Act was passed called Banking Companies (Transfer of Undertakings and Acquisition) Act. By this, the taking over of major Scheduled banks became absolute. Another
Origin of CRISIL The need for starting credit rating agencies was felt during the 1980s in India as a number of non banking financial companies were accepting deposits
IRDA Act In order to control private sector insurance companies, the Government of India passed the IRDA Act (Insurance Regulatory and Development Authority Act, 1999) which enabled it
Where do mutual fund companies invest? Sectors and Funds where Mutual funds diversify their investments can be represented by the following diagram. Mutual fund companies diversify their investments
Indian Government has taken various steps to promote capital market. The Legal Measures, Promotional Measures, Regulatory Measures and Liberalization measures for growth of capital market are discussed below.