Teller and cashier refer to job positions in a bank. They both are the same and refer to a bank employee who directly interacts with the customer. He is mainly responsible for managing and carrying out basic...

The ‘Letter of Credit’ and the ‘StandBy Letter of Credit’ are two legal bank documents that are used by international traders. Both these letters are used to ensure the financial safety between the supplier...

In business functions, Authority and Accountability are the roles, which work hand-in-hand. The ‘authority’ is the right or power assigned to an individual, whereas ‘accountability’ is the ability to handle...

A striking difference between a yield and an interest rate is that yield is the profit made on an investment, and an interest rate is the reason behind such a profit.

NSDL and CDSL, both are depositories which hold various securities like money, property, etc in electronic form. NSDL works for National Stock Exchange, whereas CDSL works for Bombay Stock Exchange.