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service sector (tertiary sector)

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What does the banking sector consist of?

The Banking Sector consists of all Banking and Financial Institutions in a country. For example in India, all companies that provide banking and financial services come under the Banking sector. Ex:State Bank of IndiaICICI SecuritiesReligare Asset Management CompanyHDFC Mutual FundsEtcAre all part of the Banking industry in India. The list above is not exhaustive and every single company that provides such services are part of it.


What is the difference between corporate banking and wholesale banking?

There is no didderence as such! Corporate Banking fall under wholesale banking.


What is credit and debit in banking sector?

In banking parlance, Credit refers to a transaction where funds came into the account under question and Debit refers to a transaction where funds were taken out from the account. For ex: If your company deposits your salary into your bank account, it will be a credit transaction. Similarly, if you use your ATM Card and withdraw some money, it will be a debit transaction.


Is it Company comes under corporate sector?

Yes, a company is part of the corporate sector. The corporate sector comprises businesses that are legally recognized as separate entities from their owners, typically characterized by limited liability and the ability to raise capital through the issuance of shares. Companies operate in various industries and can be publicly traded or privately held.


Can an asset management company can have multiple mutual fund under their name?

Yes they can. Most large AMC's have multiple types and categories of funds. For ex:ICICI AMC has many types of funds under their governance some are:ICICI Tax saverICICI Infrastructure fundICICI Discovery fundICICI Banking sector fundetc.

Related Questions

What are auca accounts in banking sector?

Advance under collection account


Is preliminary expense comes under other assets in banking companies accounts?

is preliminary expense comes under other assests in banking company accounts


What does the banking sector consist of?

The Banking Sector consists of all Banking and Financial Institutions in a country. For example in India, all companies that provide banking and financial services come under the Banking sector. Ex:State Bank of IndiaICICI SecuritiesReligare Asset Management CompanyHDFC Mutual FundsEtcAre all part of the Banking industry in India. The list above is not exhaustive and every single company that provides such services are part of it.


Why is primary sector also called agricultural sector?

Because it involves the activity which comes under actriculture


Does employment in agriculture comes under semi organised sector?

yes


Is home banking and internet banking and modem banking gives same meaning?

First of all, home banking is under modem banking (It can be also corporate banking). Answering your question - No, it doesn't give same meaning. Modem banking provides access to bank account by using a modem, a computer and specialized software on the client side. Internet banking gives an access through secure website - anywhere you are, you don't have to have any software, as it is is modem B.


What does Fishing go under Primary Sector Secondary Sector or Tertiary Sector?

Fishing goes under the Primary sector, whereas fishmongers goes under Tertiary Sector. :)


In what language is the Pekao24 website published?

Pekao 24 is the digital banking system of the Pekao bank, a bank based in Poland. Some of the services offered under this scheme include internet banking and phone banking. The Pekao 24 website is available in both Polish and English.


What is the difference between corporate banking and wholesale banking?

There is no didderence as such! Corporate Banking fall under wholesale banking.


What sector does tesco operate under?

Private sector - Retail/warehouse


What industry does banking come under?

Banking falls under the financial industry. The Federal Reserve is the central banking system of the US. Each state has its own Department of Financial Institutions, which oversees the banking industry.


Under what conditions does St George bank offer internet banking?

St. George Bank in Australia offers online internet banking to all customers. They also offer mobile apps that you can use to access your accounts, balance, transfer funds and make inquires. One of their most popular features is online bill paying.