What is difference between Letter of Credit and Bank Guarantee ?

What is difference between Letter of Credit and Bank Guarantee ?

This two terminology looks similar but both are very different. When one wants to expand the business means beyond the national boundary o...

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What is Letter of Credit (LC)? Definition, Need, Process, Types

What is Letter of Credit (LC)? Definition, Need, Process, Types

Definition :   Letter of credit is a commitment/ undertaking in the form of written instrument by a bank on behalf of its customer (know...

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What is CAMELS Rating System ? Definations, Components, Ranking Indicators

What is CAMELS Rating System ? Definations, Components, Ranking Indicators

Definition: CAMELS is a recognized international rating system that bank supervisory authorities use in order to rate financial instituti...

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What is Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) ?

What is Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) ?

Statutory Liquidity Ratio - ( SLR ) Every bank has to maintain a certain % of their total deposits in the form of (Gold + Cash + bonds + ...

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Loan Classification and Provisioning in Nepalese Bank

Loan Classification and Provisioning in Nepalese Bank

Loans and advances are the major sources of income for bank and financial institutions. Though loans and advances are the prime income sourc...

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Central Bank: Meaning, Functions, and Legal Powers

Central Bank: Meaning, Functions, and Legal Powers

Meaning and Concept of Central Bank Central Bank is the apex bank of the nation. The central bank is the independent regulatory and su...

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Types of Banks in Nepal : Classifications

Types of Banks in Nepal : Classifications

According to function and nature of bank, in Nepal banks are classified in following types:- 1) Central Bank 2) Commercial Bank (Class A)...

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SWIFT : Meaning, Services and Code

SWIFT : Meaning, Services and Code

Introduction The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that helps financial institutions...

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Loan- Types, Advantages & Disadvantages

Loan- Types, Advantages & Disadvantages

 Introduction Nowadays loan is a common word because everyone is familiar with it in one or other way. In simple language loan is an amo...

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Types of Bank Accounts: Explained In Details

Types of Bank Accounts: Explained In Details

This topic is important for bank exams, as generally many questions are asked in bank exams and interview on bank accounts like what ar...

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