Finance Archives - Page 2 of 2 - The Strategy Watch

Role of Banks in the Economic Development of a Country

Economic development depends on business prosperity, and doing business, especially in the manufacturing and service sectors, requires capital for a kick-start and cash for daily activity. Banks as a source of that cash and money for initiation expansion and everyday activity businesses play a significant role. Economic Growth of Developing Countries and Banks Three major factors contribute to the development …

Finance

Cooperative Bank – Definition, Types, and Functions

Cooperative banks play a major role in developing and maintaining the integrity of our financial infrastructure. However, do we know about the financial entity? Cooperative bank is perhaps the only bank in the market that is owned by its customers. Yes, you read it right. To know more about it, stay with us throughout the discussion. Cooperative Bank Explained Cooperative …

Finance / Investment

Fixed Deposit Account Explained with Features and Benefits

Commercial banks offer different kinds of financial products to their clients. Some are specialized for protecting the wealth of the customer, while others create investment opportunities. In this article, we will dive into a thorough discussion of an exceptional type of bank account, ‘fixed deposit account,’ its features, benefits, and tips & tricks. What is a Fixed Deposit? A fixed …

Finance / Investment / Money

Saving Account Explained with Features and Benefits

The idea of saving resources for future use is as old as human civilization. With the flow of time, people have seen many forms and ways of saving resources. The necessity of secure ways to keep money, the most liquid form of assets, has been felt in modern times. That is where commercial banks came with the concept of ‘savings …

Finance

Current Account Explained with Features and Benefits

In order to be a customer of a commercial bank and enjoy the banking services, one needs to have a bank account. Basically, there are three types of accounts one can open in a commercial Bank: 1. Current Account, 2. Savings account and 3. Fixed account. In this article, we’ll discuss different aspects of a current account and guidelines to …

Finance

How Many Types of Financial Markets Are There?

The financial Market allows the public to invest in companies that seek financial support. Now you might be wondering, do big companies like Apple or Google need any financial support from the people? In simple words, yes. Companies that are big in size issue shares and bonds to collect funds to run the business. And other people want to invest …

Finance / Money

Retail Banks – Definition, Types, Features, Products, and Income

What is Retail Bank? In retail banks provide financial services to the consumers as individuals, not businesses. Their financial services are focused and safe. This banking system allows consumers to have secured access to their deposit and credit. Retail banks cover banking facilities like personal loans, cards, mortgages, checking and savings accounts, certificate of deposit (CDs). This type of bank …

Finance / Money

What is a Bank? Bank Definition and Types

What is a Bank? A bank is one of the most famous yet not quite clearly understood organizations. People don’t take the time to understand the meaning of banks which is quite important before jumping into the classification of banks. A certified institution that receives deposits provides loans to people and provides other financial services like currency exchange and financial …

Finance

Initial Public Offering – Types, Advantages and Disadvantages

What is IPO or Initial Public Offering? Initial Public Offering or better known as IPO is the event of Private LTD. business going public for the very first time. Generally, businesses start as being owned by a few individuals with only the capital held by each of them. But as the business grows and there’s a need for additional capital, …

Finance

How to Use a Credit Card Wisely?

Using a Credit Card with Responsibly is important. Credit cards are a vital part of daily life. Whether purchasing gasoline and groceries or bespeaking a hotel and rental car for an imminent vacation, credit cards portray a comfortable and secure form of redress for consumers. Advantages covering from damage shield on purchases to the ease of contradicting charges or deceitful …

Finance / Insurance / Investment

5 Steps of Risk Management Process

Every organization must deal with risks, some chosen consciously and others an inherent part of the business’s environment. Starting a business, putting products on the market, hiring people, collecting data, and developing systems are necessary to grow a successful business. They also include all risk factors. To mitigate business risks, managers follow a process commonly known as 5 steps of …

Finance

10 Ways to Achieve Financial Freedom

As human beings, we tend to keep freedom in all spheres of our life. Often lack of resources becomes a barrier to having a free and independent life. Especially, a financial crisis is the most critical one. Hence, we need to know about the ways to achieve financial freedom. In this article, I will discuss 10 ways to achieve financial …

Startup Risk Factors That Should Be Considered

Finance

8 Startup Business Risks that should be Considered

Every business faces uncertainty at the commencing. It is known to everyone that any size of business has minimum risk which is why survival of that business becomes harder. If we manage our businesses carefully taking steps to diversify the risks, it will be easier to survive which will result in high growth. This article will explain the startup risk …

Environmental Risk Assessment for Small Business

Finance / Investment

5 Types of Environmental Risks and How to Assessment them?

An organization may face environmental risk factor. It could create barriers for the operation of that organization. This article will discuss briefly the environmental risk assessment for small business. By finishing this, you will be able to understand the risk, environmental risk, types of environmental factors associated with risk, and assessment of environmental risk. 5 Types of Environmental Risks and …