Mba Banking & Finance A Degree That Works

Ushering a practical approach to education that is in sync with the needs of the corporate world, Sikkim Manipal University Distance Education (SMU-DE) launches a new course; MBA in Banking & Finance. Open to employees from the banking or finance industry with a minimum of 3 years work experience, this 4 semester course is structured […]

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U.OL Defining Commercial Banking

Commercial banking” was defined in the previous edition of this book as the activity of a banking institution whose “principal business is to accept deposits, make loans, collect commercial paper, and arrange the transfer of funds.” Under the banking law from the adoption of the Glass-Steagall Act in the 1930s until the beginning of the […]

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Mathematics in Banking – Compound interest

Mathematics in Banking – Compound interest NO banking WITHOUT Mathematics. Many of you would have learned about Simple interest and compound interest in your middle school. Simple interest is seldom used in practice. The concept of compound interest is used in banks and many financial institutions. Let’s begin with the definition of -interest-. Interest is […]

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