Difference between business correspondent and business facilitator - Brainly.in (2024)

According to the guidelines, while the BCs are permitted to carry out transactions on behalfof thebank as agents, the BF can refer clients, pursue the clients' proposal and facilitate the bank to carry out its transactions, but cannot transact on behalfof thebank.

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Organizational behavior became established as a distinct discipline" suggesting that it could have emerged in the world. He also underlined the fact that the industrial psychology division of the American Psychological Association did not add "organizational" to its name until 1970, "long after organizational behavior had clearly come into existence" noting that a similar situation arose in sociology. Although there are similarities and differences between the two disciplines, there is still confusion around differentiating organizational behavior and organizational psychology.

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New questions in Business Studies

Saghedar ki paribhasa

The Hockey team want to play whole heartedly. To win the game is there only objective. But their captain does not tell them timely what each one of th…em is to do. There is no division of work. The captain of another hockey team divides the work properly at the right time. The work is handed over to all the members of team in accordance with each individual's skill. But the majority of the team members want to see the captain losing the game. Defeat of such a team is almost difinite. “But their captain does not ........... is to do”.What is lacking as per this line? Explain the concept discussed above why it is so necessary?Please tell me the answer who knows the answer and if you don’t know then don’t tell me.​

The Hockey team want to play whole heartedly. To win the game is there only objective. But their captain does not tell them timely what each one of th…em is to do. There is no division of work. The captain of another hockey team divides the work properly at the right time. The work is handed over to all the members of team in accordance with each individual's skill. But the majority of the team members want to see the captain losing the game. Defeat of such a team is almost difinite. “But their captain does not ........... is to do”.What is lacking as per this line? Explain the concept discussed above why it is so necessary?​

the main objective of any organization should be utilized human and material resources to the maximum possible, i.s., to fulfill the economic objectiv…es of a business. comment​

You have access to information that is restricted to. Limited set of individual classified as sec2 what are your responsibility for securing informati…on in Capgemini

Difference between business correspondent and business facilitator - Brainly.in (2024)

FAQs

Difference between business correspondent and business facilitator - Brainly.in? ›

Answer. According to the guidelines, while the BCs are permitted to carry out transactions on behalf of the bank as agents, the BF can refer clients, pursue the clients' proposal and facilitate the bank to carry out its transactions, but cannot transact on behalf of the bank.

What is the difference between business correspondent and business facilitator? ›

Business Correspondents (BC) are permitted to carry out regular transactions for customers on behalf of the bank. Business Facilitator (BF) are only responsible for spreading awareness regarding banking and bank's products, helping the bank in business generation activities, and recovery of bad debts.

What is a business facilitator? ›

Business Facilitators (BF) are also known as Bank Mitra, who mobilize business for their link branches such as Savings, Current, Recurring, Fixed Deposit Accounts Mobilization, Loan Referrals.

What is the use of business correspondents? ›

Business Correspondent is an extended arm of the Bank Branch who is providing Financial and Banking services to the customers in unbanked and underbanked areas.

What are the key differences between BC and BF? ›

According to the guidelines, while the BCs are permitted to carry out transactions on behalf of the bank as agents, the BF can refer clients, pursue the clients' proposal and facilitate the bank to carry out its transactions, but cannot transact on behalf of the bank.

What is the salary of business correspondent and business facilitator in India? ›

The average salary for Business Correspondent is ₹7,93,967 per month in the India. The average additional cash compensation for a Business Correspondent in the India is ₹7,78,967, with a range from ₹7,49,986 - ₹8,07,947.

How much do facilitators get paid? ›

The average facilitator salary in South Africa is R 360 000 per year or R 185 per hour. Entry-level positions start at R 210 654 per year, while most experienced workers make up to R 2 533 341 per year.

What are the three roles of a facilitator? ›

The main roles of a facilitator, however, include agenda setting, guidance, task management, motivating learners, and managing the emotional culture of the group.

Who is considered a facilitator? ›

A facilitator is a person who helps a group of people to work together better, understand their common objectives, and plan how to achieve these objectives, during meetings or discussions. In doing so, the facilitator remains "neutral", meaning they do not take a particular position in the discussion.

What does a business correspondence do? ›

The importance of business correspondence lies in the fact that it is the formal way of exchanging information by which professional relationships are maintained between organizations, employees, and clients. Since it is in a written form, it can serve as a future reference for the information being communicated.

What is the engagement of business correspondent? ›

Business Correspondent

These services involve the conduct of banking business by Business Correspondents. The Bank engages the services of Corporate BCs who in turn engage the Kiosk Page 2 2 Operators for running the Customer Service Points known as CSPs.

What is a correspondent agent? ›

Business Correspondent agent is an extended arm of the Bank Branch who is providing doorstep Banking and Financial services to customers in remote areas.

What's the difference between business communication and business correspondence? ›

Business correspondence can take place between organizations, within organizations or between the customers and the organization. The correspondence refers to the written communication between persons. Hence oral communication or face to face communication is not a business correspondence.

What are the roles and responsibilities of business correspondence? ›

Business correspondents are bank representatives. They help villagers to open bank accounts. Business Correspondents get commission from bank for every new account opening, every transaction made via them, every loan-application processed etc.

What is an example of a business correspondence? ›

Sales letters, sales reports, invoice, and confirmation of orders are sale correspondence. Delivery letters, statement of accounts etc. are also some of its examples.

What is a facilitator in banking? ›

A payment facilitator or PayFac is an entity that onboards and underwrites sub-merchants under a single master merchant account. A PayFac takes care of all the functions related to merchant lifecycle. From underwriting and onboarding to payment settlement. From balance reconciliation to reporting.

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