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  2. Nostro and vostro accounts - Wikipedia

    en.wikipedia.org/wiki/Nostro_and_vostro_accounts

    A bank counts a nostro account with a debit balance as a cash asset in its balance sheet. Conversely, a vostro account with a credit balance (i.e. a deposit) is a liability, and a vostro with a debit balance (a loan) is an asset. Thus in many banks a credit entry on an account ("CR") is regarded as negative movement, and a debit ("DR") is ...

  3. HDFC Bank - Wikipedia

    en.wikipedia.org/wiki/HDFC_Bank

    HDFC Bank Limited. HDFC Bank Limited (also known as HDFC) is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024. [ 9][ 10][ 11] The Reserve Bank of India (RBI) has identified the HDFC Bank, State ...

  4. Banking in India - Wikipedia

    en.wikipedia.org/wiki/Banking_in_India

    The Reserve Bank of India, India's central banking authority, was established in April 1935, but was nationalized on 1 January 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948 (RBI, 2005b). [31] In 1949, the Banking Regulation Act was enacted, which empowered the Reserve Bank of India (RBI) to regulate ...

  5. Public Provident Fund (India) - Wikipedia

    en.wikipedia.org/wiki/Public_Provident_Fund_(India)

    One can voluntarily open an account with any nationalized bank, selected authorized private bank, or post office. The account can be opened in the name of individuals, including minors. The minimum amount is ₹500, which can be deposited. The current interest rate is 7.1% annually (Q1 of FY 2024-25). Interest received is tax-free.

  6. Can I Open a Bank Account With No Deposit? - AOL

    www.aol.com/open-bank-account-no-money-215656181...

    Yes, it is absolutely possible to open a bank account without any money. Many banks, especially online banks, offer an opportunity to open an account with no opening deposit requirements. With ...

  7. Open Network for Digital Commerce - Wikipedia

    en.wikipedia.org/wiki/Open_Network_for_Digital...

    As of July 2022, more than 20 organisations have committed investment ₹ 255 crore (US$31 million) into the project such as UCO Bank, HDFC Bank. Bank of Baroda etc. [20] [21] HDFC Bank acquired 7.84% stake of ONDC. [22] In April, ONDC had received ₹157.5 crore for first stage of the project from 17 banks and financial institutions. [23]

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