What is Letter of Credit?

What is Letter of Credit?

A letter of credit is issued (opened) bank a Bank on the request of his buyer customer in favour of seller, which is an undertaking by the bank to make payment to the seller if fulfills his obligations. The process of Letter of Credit is described in the following...
What is working Capital?

What is working Capital?

Working Capital is a financial indicator of operational liquidity of a business organization. Working Capital is the short term assets to cover the short term liabilities of the organization. Working Capital is calculated as Current Assets – Current Liabilities, also...
All Finacle 10 Commands

All Finacle 10 Commands

Finacle 10 or Finacle X is the latest buzz in Banking Industry. Some Banks have already migrated to Finacle 10 whereas some are under implementation. Finacle 10 is the upgraded version of the flagship product of Infosys, which is being worldwide bank various banks. If...
Expected DA for Bank Employees from May 2018

Expected DA for Bank Employees from May 2018

DA for Bank Employees is expected to increase by 2 slabs from May 2018 to July 2018. (Read: How DA for Bank Employees is calculated). Comprehensive guide to Credit Appraisal Process in Banks DA slabs for the next quarter, May 2018 to July 2018 is expected to be 529...
Bankers’ protest on 21st March at Jantar Mantar

Bankers’ protest on 21st March at Jantar Mantar

United Forum of Bank Employees Unions (UFBU) has planned a massive Dharna at Jantar Mantar in Delhi on 21st March 2018. The protest is in demand for action against those involved and responsible for the Punjab National Bank (PNB) Scam of 12000+ crore rupees and...
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