As you know banks are the financial intermediaries that play a crucial role in the functioning of the economy of India. There are different types of banks present in India that perform different functions and contribute at different levels to cater to the needs of the different sections of our society and economy. Every section
Bank rate! you might have misunderstood the term with the interest rate that the bank offers. Many of you have listened to the term Bank rate but never have taken an interest to learn about that. No matter if you are a learner who has a fair idea of bank rates, or just a normal
If you are depositing a certain amount of money in the bank or borrowing money from it or from somewhere else, you need to pay or get a certain amount of money in addition to your principal. But if you are not aware of the interest you might be defrauded and can face certain problems
Simple interest is the interest amount calculated on the principal amount of the liability or loan or the original contribution to a savings account. It is unlike compound interest which requires interest on interest. It shows that the account holder should pay interest on the principal amount that he has taken. Who gives loans on
State Bank of India (SBI.NS) (SBI) posted a sharp increase in net profit on Friday and provided a steady outlook for the coming quarters, even as the coronavirus crisis ravages the country’s economy. SBI’s results come as Indian lenders brace for a flood of potential loan defaults, with many small businesses finding it hard to
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