Trustees and Executors
Trustees and Executors are similar in many ways. They are both fiduciaries. A fiduciary is someone who is put in…
Read BBA, BMS, B.Com Syllabus wise Notes
Trustees and Executors are similar in many ways. They are both fiduciaries. A fiduciary is someone who is put in…
A joint account is a bank account held in the name of two or more persons opened for reasons like…
Finding and opening a bank account can seem intimidating given the sheer number of options out there. Fortunately, most banks…
The term customer of a bank is not defined by law. Ordinarily, a person who has an account in a…
Priority sector lending (PSL) is aimed to provide institutional credit to those sectors and segments for whom it is difficult…
NPA or Non Performing Asset is those kinds of loans or advances that are in default or in arrears. In…
A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU),…
Banks follow the following principles of lending: Liquidity Liquidity is an important principle of bank lending. Bank lend for short…
This mainly happens because most of us are not aware of creating and operating bank accounts & their services. Thus…
Protection in case of order cheque In case of an order cheque, Section 85(1) provides statutory protection to the paying…