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 [...]
The following points highlight the top seven types of non-performing assets. The types are: 1. Term Loans 2. Cash Credit and Overdrafts 3. Agricultural Advances 4. Exempted Assets 5. Advances under Rehabilitation Packages 6. Take-out Finance 7. Advances Covered by the Guarantees of DICGC/ECGC. Non-performing Assets: Type # 1. Term Loans: A term loan facility will be treated as NPA [...]