Banking Terms

What is Personal Loan? Meaning Features and Benefits

Thinking of getting an personal loan for your financial needs? If yes, then you are on the right path as this type of loan provides you with quick financial assistance. In this article, we are going to discuss about what is personal loan meaning; advantages of personal loan along with the features and benefits of …

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Myths and Facts About NRI Account Rules in India

Many Indians prefer to settle in foreign lands for better job prospects, earning money and completing higher studies. The Indian banking system has provided the facility of NRI accounts to operate all the financial activities from the different parts of the world. Before opening a NRI accounts in India, it is always advise that you …

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Personal Banking Products, Services and Solutions of Financial Management

Personal Banking Definition: Personal Banking is also termed as Retail Banking. It is one of the types of banking products and services which are offered to retail customer. Services like personal loan, debit cards, credit cards, mortgage loans, savings etc. are offered by banks as a personal financial solution to the retail customers. In order …

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What is Investment Banking and Services offered by Investment Bankers

Investment Banking Definition: An Investment banking is a bank who provide consulting services to governments, organisations, individuals, corporate for raising capital investment, mergers and acquisitions, trading into equities, currencies, derivatives, commodities, fixed income instrument, etc. For corporations, investment banks plays important role by offering advisory services on when and how to launch securities into open …

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What is Private Banking and Services offered by Best Banks

Private Banking Definition: Private banking is the bank that provides customised financial solutions to high net worth individuals or those who belong to higher income class. Private Banks aims to provide best investment and wealth management products for those high net worth individuals who can invest large amount of money. Services provided by private banks …

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What is Commercial Bank and Services provided by Commercial Banks

Commercial Bank Definition: Commercial Bank provides services like accepting deposits, lending business, auto, home loans and essential investment products for customers like savings accounts, term deposit and many more where bank in exchange compensate interest on investments and deposits. Some of the commercial banks in India are Indian Bank,  Andhra Bank, Punjab National Bank, Canara …

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What is Retail Banking and Services provided by Banks to Customers

Retail Banking Definition: Retail Banking is the provision of consumer-oriented services to individual consumers. This does not include services to companies, corporations, entrepreneurs or other banks. Services offered include checking transactions and saving accounts, business debit cards, personal debit cards, international debit cards, business credit cards, personal credit cards, international credit cards, deposit plans, financial …

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What is Bank and Role of Bank in Economic Development and Growth

Bank Definition: A bank being a financial institution creates wealth by deposits. Deposits are created by lending funds either directly or indirectly into market and reclaiming with interests or profits. A role of bank is importance in financial system for any country, they are exceedingly regulated by the central government or national bank. Mainly commercial banks are …

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