Bank is an essential service sector organization. Customers play the most significant part in the bank. The customer is the one who uses the banking products and services and judges the quality of those products and services. A banking relationship is a contract between the Bank … [Read more...] about TYPES OF CUSTOMERS IN BANK
PRIORITY SECTOR LENDING (Targets & Classification 2023)
The concept of ‘Priority sector lending’ focuses on the idea of directing the lending of the banks toward a few specified sectors and activities in the economy. The term ‘priority sector’ indicates those activities which have national importance and have been assigned priority … [Read more...] about PRIORITY SECTOR LENDING (Targets & Classification 2023)
BANK GUARANTEE AND INDEMNITY CONTRACT
Bank Guarantee A Bank guarantee is a promise from a bank that the liabilities of a debtor will be met in the event that the debtor fails to fulfil your contractual obligations. It is a promise from a bank or other lending institution that if a particular borrower defaults on a … [Read more...] about BANK GUARANTEE AND INDEMNITY CONTRACT
STARTUP INDIA SCHEME – AN EFFECTIVE INSTRUMENT FOR INDIA’S TRANSFORMATION
Startup India: Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large-scale employment opportunities. A start-up … [Read more...] about STARTUP INDIA SCHEME – AN EFFECTIVE INSTRUMENT FOR INDIA’S TRANSFORMATION
CREDIT GUARANTEE FUND TRUST FOR MICRO & SMALL ENTERPRISES (CGTMSE) 2023
MSME is the pillar of economic growth in many developed and developing countries in the world. Though India is still facing infrastructural problems, lack of proper market linkages, and challenges in terms of the flow of institutional credit, it has seen tremendous growth in this … [Read more...] about CREDIT GUARANTEE FUND TRUST FOR MICRO & SMALL ENTERPRISES (CGTMSE) 2023