Business

Mobile banking (also known as M-Banking) is a term used for performing balance checks, account transactions, payments, credit applications, and other banking transactions through a…

Liability of the banker in case of wrongful dishonor of cheque The person who performs the banking activities such as accepting of deposits, lending money,…

Bank Customer A person who has a bank account in his name and for whom the banker undertakes to provide the facilities as a banker…

A bank is one kind of financial institution which deals with money and other monetary instruments and conducts business. Bank receives deposits from one group…

Lien is a right to keep possession of property belonging to another person until a debt owed by that person is discharged. A particular lien…

Cash reserve ratio (CRR) is generally defined as a particular minimum amount of deposits that needs to be maintained as a reserve by every commercial…

Operation of Credit Card A credit card is a payment card issued to users rs as a system of payment. It allows the cardholder to…

Directors Audit Committee An audit committee is an operating committee of a company’s board of directors that is in charge of overseeing financial reporting and…

A relationship between Bank Directors and Bank Management A board of directors is a body of elected or appointed members who jointly oversee the activities…

Merchant Banking A merchant bank is a financial institution that provides capital to companies in the form of share ownership instead of loans. A merchant…