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Yogita Ingle 4 years, 9 months ago
ASBA means “Application Supported by Blocked Amount”. It is an application containing an authorization to block the application money in the bank account, for subscribing to an issue. Under ASBA facility, investors can apply in any public/ rights issues by using their bank account.
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Sia ? 4 years, 11 months ago
The study of the fundamental nature of knowledge, reality, and existence, especially when considered as an academic discipline.
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Yogita Ingle 5 years, 4 months ago
• Commercial paper and commercial bill are both financial instruments used by banks.
• Commercial paper is used by banks to raise finances for a short time period. The buyer gets CP at a discounted rate, while he gets face value on maturity.
• Commercial bill is an instrument that helps companies to get advance payment for the invoices they raise after making sales to their customers.
• Commercial paper is used by banks to meet their short-term obligations, while commercial bills help companies to get money in advance, for sales they make.
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