The two most common types of accounts managed by businesses as well as individuals are saving account and current account. Every time we walk into the ATM to use our card, it asks us to […]
Tag: Banking
Banking is a major part of financial activity all around the globe. The oldest banks in India were the Bank of Hindustan and General Bank of India. However, both these banks failed and were shut […]
The Reserve Bank of India controls all monetary functions of the economy. It is the apex financial institution. Under the recommendation of Hilton Commission the Reserve Bank of India was set-up in 1934, though, the […]
Ages ago, banking was all about money lenders and borrowers. Today the concept of banking has changed globally. Like any other banking system in the world, the history of banking in India witnessed its fair […]
Budget is generally an estimation of expenditure and revenue. An organization, a family, school, etc. prepare budgets so as to keep a check on their finances. Similarly, the country’s financial budget is estimated, in order […]