Global Markets Domain

Global Markets Domain

Definition of Bank: Meaning of the term Bank and the Business of Banking

Definition of Bank: Meaning of the term Bank and the Business of Banking

What do we mean by the word bank? How did the word bank originate? What is the most simple and concise definition of a bank that explains the fundamentals of the banking process? Does the definition of banking vary from country to country? What are the key differentiators between any other business and a Bank? Get answers to all these questions and explore the basics of bank and banking as an industry.

Banking Sector, Segments & It's Classifications

Banking Sector, Segments & It's Classifications

The banking industry players deal in a variety of products from savings accounts to loans and mortgages, offer various services from check cashing to underwriting, caters to different types of customers from individuals to large corporates, serve diverse geographies from rural villages to cross-border operations. Thus the banking industry is made up of several types of banks, with their own objectives, roles, and functions. In this article, we will explore the various sectors, segments, and classifications of banking based on parameters like products, customers, types, etc.

Type of Banks: Different Types of Banks in India & their Functions

Type of Banks: Different Types of Banks in India & their Functions

This article explains the banking structure in India and how different banks are classified as per RBI Norms. The Indian banking industry has been divided into two parts, organized and unorganized sectors. The organized sector consists of Reserve Bank of India, Commercial Banks and Co-operative Banks, and Specialized Financial Institutions (IDBI, ICICI, IFC, etc.). The unorganized sector, which is not homogeneous, is largely made up of money lenders and indigenous bankers. Learn what we mean by nationalized banks, scheduled banks, public sector banks, private banks, and foreign banks.

Banking Operations: Understanding Various Transactions & Activities

Banking Operations: Understanding Various Transactions & Activities

Banks perform a variety of operations ranging from basic or primary functions like day to day transactions at a branch to others that maybe the agency or general utility services in nature. The transactions that are incidental to revenue/sales or sustaining the business are an important element of the banking industry value chain. In this article, we will look at the key operations performed in the course of banking.

Overview of Finance Domain

Overview of Finance Domain

"Finance Domain” term is generally used to refer to the skills and jobs that fall under the finance industry or financial services. There is a potential source of confusion regarding what we refer to with the term Finance Domain. On the one hand, there is a function called finance that is common to all business enterprises, in every industry, and on the other hand, we have financial institutions. The knowledge of the finance domain enables possible career paths within the financial services industry or with financial institutions.

Why Learn Finance Domain?

Why Learn Finance Domain?

If you are running a business, managing an IT project, designing, or improvising any business process, it’s very much likely that you will have to deal with financial concepts and financial lingo. Modern processes are integrating every aspect of the business from in receiving, warehousing, inventory control, production, sales, delivery, billing, and collection, in fact, the entire suite of accounting and management. Learn why you need to master finance.

Financial Assets

Financial Assets

A financial asset is a financial claim, an intangible asset that derives value because of a contractual claim. Learn about financial assets and the role the banking industry plays in the financial assets market. Learn about various types of financial assets and their importance in terms of the banking industry.

Financial Institutions

Financial Institutions

Learn what we mean by financial institutions and financial intermediaries. Learn the two main classifications of financial institutions and understand the significant distinction between depository and non-depository financial institutions. Learn how the financial system works and understand the concept of financial markets.

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