Showing posts with label Banking. Show all posts
Showing posts with label Banking. Show all posts

Difference Between Mobile Banking And Internet Banking

Banking , Business
Difference Between Mobile Banking And Internet Banking
The major dissimilarities or difference between mobile banking and internet banking (online banking) can be described as follows:
1. Introduction
Mobile Banking: Banking facilities that can be performed by using mobile phones through mobile application
Internet Banking: Banking facilities that can be performed by using computer and laptop through the bank's website.

2. Accessed Through

Mobile Banking: By downloading and installing the mobile application of bank
Internet Banking: By opening the bank's website on a browser (chrome, firefox, internet explorer etc.)

3. Device Used

Mobile Banking: Mobile and smart phone
Internet Banking: Computer (desktop or laptop)
difference-mobile-banking-internet-banking


4. Requirement

Mobile Banking: Should be registered with the help of mobile number and password.
Internet Banking: User ID and password is required to get access.


5. Services

Mobile Banking: Limited services are provided
Internet Banking: More services are available in this system

   Also Read: 

6. Notifications

Mobile Banking: It provides push notification service
Internet Banking: It does not provide push notification service

7. Convenience

Mobile Banking: It is more convenience and easy to use than internet banking.
Internet Banking: It is a little difficult and inconvenience while comparing to mobile banking.

Mobile Banking Vs Internet Banking (Comparison Chart)

Basis For Difference
Mobile Banking
Internet Banking
Introduction
Banking facilities performed through mobile application
Banking facilities performed through websites
Device Used
Mobile/Smart phones
Computers/Laptops
Accessed Through
Bank's mobile application
Bank's website
Requirements
WIFI or data, mobile number and password
User Id, password and internet connection
Services
Limited
More
 Push Notifications
Yes
No 
Convenience
More
Less

I hope this post is helpful to understand the difference between mobile banking and internet banking and to make comparison between them.
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Difference Between Commercial Bank And Merchant Bank

Banking , Business
Difference Between Commercial Bank And Merchant Bank
The major dissimilarities or difference between commercial bank and merchant bank can be pointed out as follows:
1. Introduction
Commercial Bank: A financial institution that provides various banking services to the individuals and firms such as collection of deposit, providing debit and credit cards, granting loans etc.
Merchant Bank: Financial institution that deals with international trade and serves large business firms as a financial consultant.

2. Useful For

Commercial Bank: It is useful for individuals and small business firms
Merchant Bank: It is useful for large corporate firms engaged in international trade.

3. Risk Involved

Commercial Bank: It is less riskier than merchant bank
Merchant Bank: It involves higher degree of risk than commercial bank

4. Governed By

Commercial Bank: It is governed by the Banking Act.
Merchant Bank: It is governed and regulated by SEBL

  Also Read: 

5. Services Offered

Commercial Bank: Collecting deposits, advancing of loan, payment of check, providing remittance service, foreign currency exchange etc. 
Merchant Bank: Underwriting, loan syndication, trade financing, portfolio management etc.
difference-between-commercial-bank-merchant-bank


6. What Is It?

Commercial Bank: It is a retail banking
Merchant Bank: Professional service which include consultancy and financing services.

Commercial Bank Vs Merchant Bank (Comparison Chart)

Basis For Difference
Commercial Bank
Merchant Bank
Introduction
Financial institution that provides services like accepting deposit, granting loans etc to the account holders.
Financial institution which concerned with international trade and serves as financial consultant
Useful For
Individual and small business forms
Large corporate firms
Risk Involved
Less
High
Governed By
Banking Act
SEBL
Services
Collecting deposit, loan advancement, remittance service etc.
Loan syndication, underwriting, trade financing etc.
It Is 
Retail banking
Professional service

I hope this post is helpful to understand the difference between commercial bank and merchant bank and to make comparison between them.
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Difference Between Merchant Bank And Investment Bank

Banking , Business
Difference Between Merchant Bank And Investment Bank
The major dissimilarities or difference between merchant bank and investment bank can be pointed out as follows:
1. Introduction
Merchant Bank: Type of financial institution that provides underwriting and financing services to the companies internationally. 
Investment Bank: Type of financial institution that acts like a middleman between the company and investors which helps to raise adequate capital for the business company.

2. Functions

Merchant Bank: Underwriting, portfolio management, loan syndication, financing etc.
Investment Bank: Merger, acquisition, securities issue, underwriting etc.

3. Related To

Merchant Bank: It is related to the financing activities
Investment bank: It is related to underwriting and raising capital

4. Size Of Firms

Merchant Bank: Generally it deals with small and medium sized firms
Investment Bank: It deals with large sized public and private firms
difference-merchant-investment-bank


5. Trade Financing

Merchant Bank: Yes
Investment Bank: No

   Also Read: 

6. Worldwide Participation

Merchant Bank: Yes
Investment Bank: Rarely

7. Examples

Merchant Bank: Axis Bank, Citigroup etc.
Investment bank: Bank Of America, Rothschild etc.

Merchant Bank Vs Investment Bank (Comparison Chart)

Basis For Difference
Merchant Bank
Investment Bank
Introduction
Financial institution that deals with international trade and provides financing and underwriting services
Financial institution that helps the company to raise adequate capital 
Functions
Underwriting, loan syndication, portfolio management etc.
Merger, acquisition, securities issue etc.
Concerned With
Financing
Raising capital and underwriting
Deals With
Small firms
Large firms 
Trade Financing
Yes
Rarely
Examples
Axis Bank Citigroup etc.
Bank Of America, Rothschild etc.

I hope this post is helpful to understand the difference between merchant bank and investment bank and to make comparison between them.
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Difference Between Stock And Mutual Fund

Banking , Business
Difference Between Stock And Mutual Fund
The main dissimilarities or difference between stock and mutual fund can be pointed out as follows:
1. Introduction
Stock: Form of security that provides ownership in a company
Mutual Fund: A collective investment program created by pooling money from various investors

2. Type Of Investment

Stock: Investors directly invest in stocks
Mutual Funds: Investment is made indirectly through fund manager

3. Volatility

Stock: Extremely volatile in nature
Mutual Fund: Less volatile than stock

4. Investing Cost

Stock: Lower cost of investing
Mutual Fund: Higher cost of investing

5. Tax Saving

Stock: No tax saving
Mutual Fund: Yes

6. Time

Stock: It takes more time in investment process
Mutual Funds: It takes less time

7. Time Horizon

Stock: No fixed time horizon because shares can be sold at any time
Mutual Fund: Long period of time (5 to 7 years)

8. Control

Stock: Investor has full control on his/her investment
Mutual Fund: Less control

    Also Read: 

9. Risk Involved

Stock: It involves high degree of risk
Mutual Fund: It involves low level of risk than stock

10. Managed By

Stock: By an investor himself
Mutual Fund: By a fund manager

Stock Vs Mutual Fund (Comparison Chart)

Basis For Difference
Stock
Mutual Fund
Introduction
Type of security that provides proportionate ownership in a company
Investment program made up of pooling fund from investors
Investment Type
Direct
Indirect
Nature
More volatile
Less volatile
Investing Cost
Lower
Higher
Tax Saving
No
Yes
Procedure
Longer
Shorter
Time Horizon
Not fixed
Fixed
Control
Under the control of investor
Less control
Risk
High
Less
Managed By
Investor
Fund Manager

I hope this post is helpful to understand the difference between stock and mutual fund and to make comparison between them.
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Difference Between Unit Banking And Branch Banking

Banking , Business
Difference Between Unit Banking And Branch Banking
The main differences between unit banking system and branch banking system can be pointed out as follows:
1. Meaning
Unit Banking: Banking system which provides services in a specific area by a single branch
Branch Banking: Banking system which provides banking facilities in different part of the country through different branches

2. Stability

Unit Banking: Less stable in nature
Branch Banking: More stable than unit banking

3. Independence

Unit Banking: It can be operated more independently than branch banking
Branch Banking: It is fully controlled by the head office. So, it enjoys less independence than unit banking

4. Operational Cost

Unit Banking: It requires less operational and supervision cost
Branch Banking: It needs more operational and supervision costs than unit banking.

5. Resources

Unit Banking: Limited resources
Branch Banking: More resources

6. Decision Making

Unit Banking: Prompt decision making is possible
Branch Banking: Decision making process is slow because branch cannot take decisions independently without consulting the head office.

7. Competition

Unit Banking: Less Competition 
Branch Banking: High competition
difference-between-unit-banking-branch-banking


8. Specialization

Unit Banking: It lacks specialization because of limited resources and less trained employees
Branch Banking: Because of huge financial resources and highly trained employees, specialization is possible.

9. Interest Rate

Unit Banking: Not uniformed
Branch Banking: Uniformed

    Also Read: 

10. Mismanagement

Unit Banking: Less chance of mismanagement
Branch Banking: Very high chance of mismanagement

11. Working Area

Unit Banking: Limited area
Branch Banking: Expanded area

Unit Banking Vs Branch Banking (Comparison Chart)

Basis For Difference
Unit Banking
Branch Banking
Introduction
Banking facilities provided by a single branch in limited area
Banking services provided by different branches in different parts
Stability
Less
More
Cost Of Operation
Less
More
Resources
Limited
More
Quick Decisions
Possible
Not possible
Competition
Less
High
Specialization
No
Yes
Uniform Interest Rate
No
Yes
Mismanagement
Less chance
High chance
Working Area
Limited 
Wider
Independence
More
Less
I hope this post is helpful to understand the difference between unit banking and branch banking and to make comparison between them.
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