Insights into corporate banking, finance, and payment systems explained simply.
These rules help banks decide how to open and manage current accounts for businesses. In simple terms, they explain what happens when a company borrows money and how the bank will handle the company’s bank accounts depending on the size of its borrowing. What Counts as “Borrowing” and Who Are the Banks? Borrowing: When we […]
A Simple Guide to the New Credit Discipline Rules Read More »
Introduction The Central Bank (like the Reserve Bank of India – RBI) uses various tools to control the flow of money in the economy. Two of the most important tools are: Cash Reserve Ratio (CRR) Statutory Liquidity Ratio (SLR) These tools help maintain financial stability, control inflation, and regulate the credit available in the economy.
Understanding Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) Read More »
What is a Bank? A bank is like a big piggy bank where people keep their money safe. But unlike a piggy bank at home, a bank can also give loans (money to borrow), help in payments, and even help people grow their money through interest. Imagine you have ₹100, and you give
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Understanding EEFC Accounts What is an EEFC Account? An Exchange Earners’ Foreign Currency (EEFC) account is a type of bank account in India that allows exporters and businesses earning in foreign currency to hold their earnings in that currency. Instead of converting the foreign currency into INR immediately, businesses can keep it in the EEFC
The banking sector is the backbone of any economy, playing a vital role in managing money, facilitating trade, and fostering economic growth. Whether you’re a professional, a student, or just curious, understanding banking fundamentals can help you make informed financial decisions. Let’s break it down into simple concepts. What is Banking? At its core, banking
Understanding Banking Fundamentals! Read More »
