The Financial Markets Operations Department (FMOD) of RBI operationalises the monetary policy, mainly through day-to-day liquidity management operations. Following are few tools at the disposal…
Clearing Corporation of India Limited (CCIL) CCIL was set up in April 2001 by Banks, Financial Institutions and Primary Dealers, to function as an industry…
Non -Performing Assets [NPA] An asset, including a leased asset/ Investment, becomes non performing when it ceases to generate income for the bank. A substandard…
Scheduled Commercial Bank. The scheduled commercial banks are those banks which are included in the second schedule of RBI Act 1934 and which carry out…
Guarantee: A contract of guarantee is a contract to perform the promise, or discharge the liability of a third person in case of his default’…
Hypothecation: Hypothecation is another method of creating a charge over the movable assets. Under hypothecation neither ownership nor possession of goods is transferred to the…
Open cheque or bearer cheque: The issuer of the cheque would just fill the name of the person to whom the cheque is issued, writes…
The Imperial Bank of India (IBI) was the oldest and the largest commercial bank of the subcontinent, and was subsequently transformed into State Bank of…
A KCC is a credit card to provide affordable credit for farmers in India. With this scheme, the government aimed to fulfill timely and short-term…
Financial System is a mechanism that works for investors and people/Companies who want finance. Financial System is a composition of various institutions, markets, regulations and…