Government and Private Tenders: "Banking-and-finance Tenders in Indian Tenders"

Wednesday, 2 February 2022

"Banking-and-finance Tenders in Indian Tenders"

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Banking and Finance

Banking and Finance explores the dynamic, fast-paced world of money, shares, credit and investments. ... In firms, the finance function ensures that activities are funded with equity or debt and the firms can chose value-enhancing project and manage cash flows, risk and liquidity in the interest of their stakeholders.

Finance encompasses banking, leverage or debt, credit, capital markets, money, investments, and the creation and oversight of financial systems. ... The finance field includes three main subcategories: personal finance, corporate finance, and public (government) finance.

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Why Banking and Finance?

Banking and Finance explores the dynamic, fast-paced world of money, shares, credit and investments. Finance is an essential part of our economy as it provides the liquidity in terms of money or assets required for individuals and businesses to invest for the future.

When you choose to major in Banking and Finance you will explore the systemised movement and management of money. In firms, the finance function ensures that activities are funded with equity or debt and the firms can chose value-enhancing project and manage cash flows, risk and liquidity in the interest of their stakeholders. Financial markets are very important and understanding the pricing of assets and derivative securities is vital.

Financial intermediaries such as banks are key players in these financial markets. Banking is also a global industry with over 60 banks operating across Australia and thousands of institutions and investment houses across the world dealing with money circulation, credit, investments, financing, superannuation and more. Finance is continuously changing which makes this subject a fascinating area to study.

National Electronic Fund Transfer (NEFT)
Real-time gross settlement (RTGS)

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Indian banking system consists of “non scheduled banks” and “scheduled banks”. Non scheduled banks refer to those that are not included in the second schedule of the Banking Regulation Act of 1965 and thus do not satisfy the conditions laid down by that schedule. Schedule banks refer to those that are included in the Second Schedule of Banking Regulation Act of 1965 and thus satisfy the following conditions: a bank must

(1) have paid up capital and reserve of not less than Rs. 5 lakh and

(2) satisfy the Reserve Bank of India (RBI) that its affairs are not conducted in a manner detrimental to the interest of its deposits. Scheduled banks consists of “scheduled commercial banks” and scheduled cooperative banks.

The former are further divided into four categories:

(1) public sector banks (that are further classified as “Nationalized Banks and the “State Bank of India (SBI) banks”);

(2) private sector banks (that are further classified as “Old Private Sector Banks” and “New Private Sector Banks” that emerged after 1991);

(3) foreign banks in India, and

(4) regional rural banks (that operate exclusively in rural areas to provide credit and other facilities to small and marginal farmers, agricultural workers and small entrepreneurs). These scheduled commercial banks except foreign banks are registered in India under the Companies Act.

One of the biggest problems for any economy is to figure out is how to get money from people who want to save to people who want to borrow. Finance is the answer to that problem. If you think of the economy as a body, finance would be the heart, pumping money from pension funds in Iowa to construction sites in Madrid. In economic terms, the financial system is responsible for a lot of the world’s resource allocation. It decides which investments get funded and which ones do not. This makes it quite important and quite powerful.