Tag: reserve bank of india

Banking Company

Banking Company and Its Regulation in India

Editorial Team1 Comment on Banking Company and Its Regulation in India

Banking Company as per section 5 of Banking Regulation Act, 1949 means “accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise and withdrawn by Cheque, Draft, Order, or otherwise.” Now, we all know that Indian economy is a bank based economy. The economic status […]

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Clearing Corporation of India

Clearing Corporation of India- Its Structure and Role In Economy

Editorial Team1 Comment on Clearing Corporation of India- Its Structure and Role In Economy

Clearing Corporation, in simple terms, is established in order to make the transactions smoother in the stock exchanges. The stock exchanges on a daily basis have multiple transactions going on. These corporations ensure that these transactions are carried out in an efficient and smooth manner. The work of this kind in India is done by […]

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