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Banking

What is Commercial Paper ?

Commercial Papers : A Commercial Paper is a short term security (7 days to 365 days) issued by a corporate entity (other than a bank), at a discount to the face value. b) Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. c) Commercial Paper normally give a higher return than fixed deposits & CDs. d) Commercial Paper can be issued in denominations of Rs. 5 lakh or multiples thereof. Amount invested by a single investor should...

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Banking

What are Different Type of Money Supply in India?

Different Type of Money Supply in India : There are different type of money in circulation to economy of India. Each and different type of money have their separate value. Find out the different type of money from Mo to M4 or broad money etc circulation in Indian Economy and banking sector. This is very important topic for economics , asked in various competitive exam like IBPS, SSC, UPSC etc. Commodity Money - Commodity money value is derived from the commodity...

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Banking

What is Banking Ombudsman Scheme 2006 ?

Banking Ombudsman Scheme 2006 - The guidelines which are needed to be followed as per Banking Ombudsman. Customer must know the basic of Banking Ombudsman steps. Follow the major guidelines of Banking Ombudsman 1) The Banking Ombudsman Scheme enables a bank customer for filing of complaints relating to certain services rendered by banks. 2) The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services. 3) All Scheduled Commercial Banks, Regional Rural Banks and Scheduled...

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