Bill Discounting; While discounting a bill, the Bank buys the bill (i.e. Bill of Exchange or Promissory Note) before it is due and credits the value of the bill after a discount charge to the customer's account.
www.hsbc.co.in/1/2/corporate/corporate-banking/bill-dis... www.hsbc.co.in/1/2/corporate/corporate-banking/bill-discounting
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Alternative term for discounting of bill. See also discounting. ... bill discounting in the news ... Search volume for bill discounting...
www.businessdictionary.com/definition/bill-discounting.... www.businessdictionary.com/definition/bill-discounting.html
discounting of bill in the news ... discounting of bill is... ... Search volume for discounting of bill...
www.businessdictionary.com/definition/discounting-of-bi... www.businessdictionary.com/definition/discounting-of-bill.html
Bill Discounting; Bill discounting is a major activity with some of the smaller Banks. Under this type of lending, Bank takes the bill drawn by borrower on his(borrower's) customer and pay him immediately deducting some amount as discount/commission.
www.banknetindia.com/banking/loans.htm
This occurs when a bank quotes a rate for a bill on a discount basis - that is the bank takes an immediate top slice of the bill and pays the balance to the exporter. Of course the bank will retain the right of recourse against the exporter.
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Mumbai, Mar 11: The Reserve Bank of India (RBI) has partially lifted the ban on financial institutions' (FI) exposure in non-banking finance companies (NBFC) in the form of bill discounting and re-discounting. The ban was imposed in 1997 in the wake of the CRB scam which rocked the NBFC sector.
www.financialexpress.com/fe/daily/19990312/fma12036.htm... www.financialexpress.com/fe/daily/19990312/fma12036.html
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Get Info On Bill Factoring Access 10 Search Engines At Once.
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