Financial Planning

What is Financial Planning? Financial Planning implies the process of identifying the objectives, policies, and procedures to deal with the activities related to the finance of the enterprise. In short, it is all about the procurement of funds in an economical manner and its profitable use. No matter what the size of the organization is, […]

Telebanking

What is Telebanking? Telebanking expands to Telephone Banking. It is basically an automated facility, in which the customer can access account information and also perform various routine transactions using a keypad or touch-tone telephone without actually going to the bank branch or ATM, or accessing a mobile application/website. It is the first technology-based banking service […]

Forfaiting

What is Forfaiting? Forfaiting is a kind of international trade finance wherein export bills receivables are discounted, with which the exporters can get instant cash by selling their receivables. ‘Forfait’ is a French word, which refers to ‘relinquish a right’. Therefore, in financing ‘forfaiting’ implies giving up of the right to receivables, which are due […]