Banks

State Bank of India

State Bank of India

Introduction about the State Bank of India State Bank of India is the Indian Multinational Public Sector Bank and the Financial Services statutory.  It has its headquarters in Mumbai. It is ranked as the 43rd largest bank in the world and also as the 221st in the Fortune Global 500 list of the world’s biggest …

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Mutual Fund

Evolution of Mutual Funds, all beginning from 1963

What are Mutual Funds? Mutual Funds are portfolios involving different kinds of securities like stocks, bonds and other short-term debt. The portfolio manager analyses the risk and return of various securities and decides on how the investment is to be made. It helps small and individual investors to have access to diversified, professionally managed portfolios …

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Banking in India

Evolution of Banking in India

Banking in India The banking system in India is mainly classified into scheduled and non-scheduled banks.  Scheduled banks are those banks included under the 2nd Schedule of the Reserve Bank of India Act, 1934. The scheduled banks are again classified into various banks including State Bank of India and its associates, nationalized banks, foreign banks, …

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