Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
S1 introduction to f is & banks
1.
2.
3. It is an institution
Provides financial services
Transfers funds from investors to companies
in need of funds
Services are generally provided by acting as
financial intermediaries
Facilitates the flow of money through the
economy
Regulated by the Government
4. Banks – accept deposits and grant loans
Insurance Companies - corporate entities that
sell protection policies to their clientele from
potential misfortunes
Non – Banking Financial Institutions (NBFCs) –
provide banking services without meeting legal
definition of a bank
Housing Finance Institutions (HFIs) – provide
home loans and home insurance
All India Financing Institutions (AIFIs) – group
composed of Development Finance
Institutions(DFIs) and Investment Institutions
6. A Bank can be defined in terms of
Economic functions it serves
The services it offers to customers
The legal basis for its existence
A Bank is any Business offering deposits
subject to withdrawal on demand and making
loans of a commercial or business nature.
8. Public Sector Banks- Regulated by statues of
Parliament and some important provisions
under Section 51 of the Banking Regulation
Act, 1949
Private Sector Banks- broadly categorized
into New(aggressive, professionalized and
fast growing) and Old(typically smaller,
specific regional bias and less than
satisfactory performance)
9. Foreign Banks- required to invest an assigned
capital of USD 25 million upfront, at the time
of opening their first branch in India
Regional Rural Banks (RRBs)- created for rural
credit delivery and to ensure financial
inclusion. Their Capital Base is held by
Central Government, The Relevant State
Government and the Bank that sponsors them
in the ratio of 50:15:35 respectively.
10. All India FIs- EXIM Bank, NABARD, NHB, SIDBI,
etc.
Investment Institutions- LIC and GIC deploy
their long-term investments
State/Regional Level FIs- comprises of State
Financial Corporations(SFCs) and State
Industrial and Development
Corporations(SIDCs)
Other Public FIs- generally include NFBCs
11. Deposit Taking(NBFC-D)- are subjected to
prudential regulation
Non-Deposit Taking(NBFC-ND)- almost
unregulated
Residuary NFBC(RNBFC)
Housing Finance Companies(HFCs)- regulated
and supervised by National Housing
Bank(NHB)
Mortgage Guarantee Companies- Asset
financing companies, loan companies and
investment companies
12. Broadly categorized into Urban Co-operative
Credit Institutions and Rural Credit
Institutions
Urban Co-operative credit institutions is
again categorized into Scheduled UCBs and
Non- Scheduled UCBs
Rural Co-operative Credit Institutions
consists of State Co-operative Banks, District
Central Co-operative Banks, Primary
Agricultural Credit Societies, etc.
13. Bank Rate/Discount Rate – Rate at which Central
Bank lends to Commercial Banks
Current Bank Rate is 9.00%
Base Rate -The base rate is the minimum rate of
interest that a bank will lend money at as per RBI
guidelines. This is like floor interest rate below
which RBI will not allow banks to lend money to any
one. Current Base Rate range is between 10.00% to
10.50%
Repo Rate - The rate at which the RBI lends money
to commercial banks. Current Repo Rate is 8.00%
Reverse Repo Rate - The rate at which
the RBI borrows money from commercial banks.
Current Reverse Repo Rate is 7.00%
14. Cash Reserve Ratio (CRR) - the amount of funds that
the banks have to keep with the RBI. Current CRR is
4.75%
Statutory Liquidity Ratio(SLR) - ratio of liquid assets
to demand and time liabilities is known as Statutory
Liquidity Ratio. Current SLR is 24%
Marginal Standing Facility - The Reserve Bank of India
in its monetary policy for 2011-12, introduced the
marginal standing facility (MSF), under which banks
could borrow funds from RBI at 8.25%, which is 1%
above the liquidity adjustment facility-repo rate
against pledging government securities. Current MSF
Rate is 9%
15. Carrying out Currency Exchanges
Discounting Commercial Notes and Making
Business Loans
Offering Savings Deposits
Supporting Government Activities with Credit
Safekeeping of Valuables and Certification of
Value
Offering Checking Accounts (Demand
Deposits)
Offering Trust Services
16. Financial Advising
Managing Cash
Offering Equipment Leasing
Making Venture Capital Loans
Selling Insurance Policies
Offering Retirement Plans
Offering Mutual Funds and Annuities
Offering Risk Management and Hedging
Services