HERE SHARING SOME IMPORTANT POINTS FROM Retail Banking, ADR, GDR and PNs . HOPE YOU LIKE IT . HAPPY READING :)
1. Retail banking refers to dealing of commercial
banks with individual customers, both assets and liabilities sides.
Products offered are: SB, RD, CA, TDR, STDR, No
Frill A/C, Home loan, auto loan, personal loan, education loan, crop loan,
credit card, debit cards, lockers, bankassurance etc.
2. Wholesale banking aka corporate banking or
commercial banking refers to doing banking business with industrial and
business entities – mostly corporate and trading houses, including
multinationals, domestic business houses and prime public sector companies.
Products offered are: LC, BG, Collection of bills
and documents, forex desk, tax collection, RTGS, term lending, etc.
3. International banking refers to dealing in cross
border transaction.
4. Universal banking offers all types of financial
products like mutual fund, capital market related products including share
broking, commodity broking, etc, sale of gold/bullion, government/corporate
bonds, merchant banking, general banking, insurance (both life and non-life),
etc under one roof.
5. A depository receipt (DR) is a form of negotiable
(transferable) financial instrument that is traded on a local stock exchange of
a country but represents a security, usually in the form of equity that is
issued by a foreign publicly listed company.
6. Participatory Notes are like contract notes. They
are issued by FII to entities that want to invest in the Indian stock market
but do not want to register themselves with the SEBI.
7. FII are not allowed to issue Participatory notes
to Indian national or overseas corporate bodies (because majority are
owned/controlled by NRIs).
