Agency functions of Bank: Agency functions are those services that banks provide to their customers for which they receive some income. Thus, these functions add
All about Account Payee Cheque Vs Crossed Cheque: Difference between Account Payee Cheque and Crossed Cheque. Before we go too much into detail about account
General Utility Functions of Bank: Besides the above mentioned agency functions, banks perform many other functions which are of general usefulness to the customers. These
Truncated Cheques: The current system of cheque clearing is paper based, involves the physical exchange of cheques. This movement has necessitated clearing cycles of 3
SWIFT: Electronic payment systems for large payments have developed as the demands for international settlement of currency and securities transactions have increased. Society for Worldwide
SBI Saving Account: Why Choose SBI Savings Account? Through its network of branches in India and overseas, SBI provides a range of financial products including
Basel III – The Basel Committee on Banking Supervision (BCBS) issued a comprehensive reform package entitled “Basel III: The Basel III guidelines on strengthening the
