The key difference between time series and panel data is that time series focuses on a single individual at multiple time intervals while panel data (or longitudinal data) focuses on multiple individuals at multiple time intervals. Consider the following two examples to understand the difference between time series and panel data clearly: profit of an […]
Difference Between CRR and SLR
CRR vs SLR Not many people, except those who are in banking industry or are students of economics know about terms like CRR and SLR. This is because theses are financial instruments in the hands of apex bank of India, the RBI (Reserve Bank of India), to control liquidity available to commercial banks. Thus, despite […]
Difference Between Maharatna and Navratna Status for PSE
Maharatna vs Navratna Status for PSE The title of Navratna was initiated by the government of India in 1997 to recognize and appreciate the efforts of public sector companies that were doing exceedingly well. The concept of Navratna came from 9 gems in the courts of maharaja Vkramaditya and later Emperor Ashoka, who were scholars […]
Difference Between RTGS and NEFT
RTGS vs NEFT If you are an Indian, you know how troublesome it was to send money to another account in India earlier. But today, with technologies such as RTGS and NEFT being in place, it is fast, easy and simple to transfer funds electronically. Though, both are electronic fund transfers, there are some differences […]
Difference Between RTGS and SWIFT
RTGS vs SWIFT Those who are close to banking industry know about the acronyms SWIFT and RTGS very well. In fact, in modern times when transfer of funds from one bank to another, not just nationally but internationally has become commonplace, people are talking and using these technologies on a much regular basis. While RTGS […]
Difference Between RBI and SEBI
RBI vs SEBI RBI is the central bank of India whereas SEBI is the Securities and Exchange Board of India. Both of them play vital role in Indian economy. RBI is the body responsible for maintaining bank notes in the country, to keep currency reserves to maintain monetary stability and to keep the credit and […]
Difference Between RBI and SBI
RBI vs SBI Reserve Bank of India (RBI) is the country’s national bank. It was established in 1935 under the recommendations of the Royal Commission on Indian Currency and Finance. RBI took over control of currency and credit from the government and with the introduction of the RBI Act 1934, the bank became the banker […]
Difference Between SBI and ICICI
SBI vs ICICI At first glance trying to compare SBI with ICICI would look like comparing a grand old man with a toddler. But the rapid progress made by ICICI, a private bank opened barely 25 years ago, makes it possible to be compared with the oldest bank in India. SBI (or State Bank of […]
Difference Between NBFC and MFI
NBFC vs MFI India is a huge country with a large population. Banks, despite having increased their presence have certain limitations as they cannot open branches in remote and inaccessible places. This is why to meet banking requirements of the people, there are many NBFC and MFI operating mainly in rural parts of the country. […]
Difference Between NBFC and Bank
NBFC vs Bank In a country like India with a huge population, it is impossible for banks to cater to all sections of the society as many areas are inaccessible and remote. Also, to provide banking facilities to the illiterate and the poor, finance institutions that work on similar lines as banks are required. In […]