In this article we will discuss about the different services rendered by banks. They are:- 1. Advances 2. Acceptances, Endorsements and Other Obligations 3. Bill for Collection 4. Bills Payable 5. Bills Purchased and Discounted 6. Rebate on Bills Discounted. 1. Advances: (i) Loans: A bank gives a loan to a customer by a fixed advance on a loan account. [...]
The following article will guide you about how to maintain accounts of the banking companies. In 1913, when a good number of industrial houses failed, a demand for the regulation of banking business in our country was raised. A scheme for the regulation of banking companies was recommended by the Central Banking Enquiry Committee which was set-up in 1913. But [...]
In this article we will discuss about the Legal Provisions of Banking in India:- 1. Definition of Banking 2. Forms of Banking Business 3. Non-banking Assets 4. Management 5. Minimum Capital and Reserves 6. Floating Charge 7. Restrictions of Dividends 8. Statutory Reserve 9. Cash Reserves and Statutory Liquidity Reserve 10. Restrictions on Loans and Advances 11. Subsidiary Companies 12. [...]