Names of Nationalized banks in 1980s

1. Andhra Bank
2. Punjab National Bank
3. Indian Bank
4. Central Bank of India
5. State Bank of India
6. Indian Overseas Bank

Bank rate during Inflation.

It rises.

Loan Vs Credit

1. Loan    : Money is dispersed in one lump sum.
    Credit  : Money is dispersed ad needed.

2. Loan    : Closing costs most of the time.
    Credit   : No closing costs.

3. Loan    : Fixed Interest rates.
    Credit   : Variable Interest rates.

Similarities b/w loan and credit provision.

1. Interest rates same.
2. Interest paid is most often tax deductible.
3. Advantageous to those who may need money fast.

Base-II implementation in Indian banks.

Base-II is the second of the Basel Accords which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The basel-II purpose is to create an international standard that banking regulations can use when creating regulations about how much capital, banks need to put aside to guard against the types of financial and operational risks they face.

What is BCTT ?

BCTT is Banking Cash Transaction Tax, is a concept introduce by The Finance Act,2005 under chapter VII. According to section 94(3) of In come Tax act, Banking Cash Transaction Tax means " Tax leviable on taxable banking transactions under the provisions of this chapter.