Tuesday, 8 April 2014

What is the most important element for a Bank to survive?


Trust is the most important element for a bank to survive. People will keep money with the bank only when they believe that it will give back the money on demand in case of savings or current account or on the date of maturity in the case of fixed/term deposit. They believe that their money is in safe custody with the bank and will not loose value on the course.

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  1. SBI has changed the IFSC codes of as many as 1,300 branches due to a merger and has also changed the names of many branches. The bank will automatically map the old IFSC codes with new ones for all customers. Check Here the changes have been made to SBI Bank IFSC codes

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  4. A central element of the debt trap critique against payday loans is their “spiraling” fees: “When borrowers don’t have the cash come payday, the loan gets flipped into a new loan, piling on more fees into a spiral of debt for the borrower.” It’s certainly true that payday loan fees add up if the borrower extends the loan (like any debt), but do they spiral?

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