Advantages of nationalizing commercial banks in India include ensuring that all citizens are able to access funds, and improved regulation of how money is used by borrowers; a significant disadvantage of nationalization is reduced competition, meaning less incentive for the bank to modify services and rates. Proponents of a nationalized bank believe that because the bank is mandated to serve its citizens, it is more inclined to service the disadvantaged, such as low-income earners and remote communities.
The DTC number is a number that is issued in connection with Depository Trust Company transactions. The number, known as an International Securities Identification Number, or ISIN, is required for companies that want to become listed with the DTC.Full Answer >
The primary role of custodian banks is to safeguard the assets of institutional, corporate or individual clients. This includes holding stock certificates, securities and other assets.Full Answer >
Since Good Friday is not a federal holiday, most banks remain open during normal business hours. However, Good Friday has been officially recognized as a state holiday in 13 states, so some banks within those states may choose to close.Full Answer >
CAGR is an acronym that stands for compound annual growth rate, as noted by Investopedia. Essentially, it is the ratio of the ending value of an investment when compared to its beginning value.Full Answer >