Benefits and risks of Interconnectedness of Banks
Banks can be connected in several ways. The following are examples of the interconnectedness of Banks. UPI live members: A list of bank names live on UPI, whose customers can use UPI to transfer, pay, or collect money directly from one bank account to another bank account. This is the best example of the interconnectedness…
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History and Evolution of the Financial Market
The story of the financial market is probably as old as the story of mankind. A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials, and precious metals, which are known in the financial markets as commodities.…
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Definition of MSME and the classification of MSME
[Updated up to December 28, 2023, in terms of RBI circular dated 28.12.2023] MSME stands for Micro, Small and Medium Enterprises. MSMEs are businesses that produce, process, and preserve goods and commodities. The government of India (GoI), vide Gazette Notification S.O. 2119 (E) dated June 26, 2020, has notified new criteria for classifying the enterprises…
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2024 Bank holidays in India: State-wise holiday lists (including UTs)
The holidays declared under the NI Act apply exclusively to the banks located within the administration area of a specific State or Union Territory. In other States and Union territories where it is not a holiday, banks remain open and allow normal banking transactions similar to any other working day. States and Union Territories of…
Read article Understanding Market Dynamics
Market dynamics refer to the forces that change in the supply and demand curve and consequently, that influences the prices of a specific commodity or service in an economy. It is our common knowledge that market prices are determined via demand and supply. If the demand for a product is more than the supply, the…
2024 Holiday lists for Punjab, Haryana, Chandigarh UT and Himachal Pradesh States
The Governments of Punjab, Haryana, Chandigarh Himachal Pradesh have declared Holidays under the explanations of section 25 of NI act 1881. The Statewise list of holidays above states are as under: The holidays declared under NI Act is applicable exclusively to the banks located within the administration area of specific State and Union Territory. In…
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