Welcome to Banking Digest

The banking sector in India is witnessing a sea of change, and bankers’ businesses have become more complex and difficult in this knowledge-driven era of technology.

Core Banking Solutions, Digital Banking, and 24/7 Banking Services play a crucial role in modern banking development.

The website will be of great help to the new entrants in the banking industry especially for their orientation to the core operational areas of banking.

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Our Latest Posts

CAPITAL AND REVENUE EXPENDITURE

INTRODUCTION Accounting aims to ascertain the financial performance of a firm. To do so the transactions have to be identified as capital or revenue in nature. This will determine whether they are placed in the Profit and Loss Account or the Balance Sheet. Let us study about capital and revenue expenditure and receipts. EXPENDITURE Expenditure […]

DEPRECIATION OF ASSETS (DEFINITION AND METHODS WITH EXAMPLES)

MEANING OF DEPRECIATION Depreciation is the reduction in the value of assets due to wear and tear. It is a method of allocation of the cost of the asset over its useful life. Every asset is subject to wear and tear in the normal course of its use and also over time. The cost of […]

TYPES OF CUSTOMERS IN BANK

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 & the Customer. TYPES OF BANK CUSTOMERS During the […]

PRIORITY SECTOR LENDING (Targets & Classification 2024)

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 for development. These primarily include agriculture, small industries, etc. The case has […]

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 technically is any enterprise that is working on the growth, commercialization, and creation of brand-new […]