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Financial Market (Indian Money Market (Components (Call Money Market…
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A banker's acceptance, is a promised future payment, or time draft, which is accepted and guaranteed by a bank and drawn on a deposit at the bank
Promissory Note : a signed document containing a written promise to pay a stated sum to a specified person or the bearer at a specified date or on demand.
Indigenous bankers are private firms or individuals who operate as banks and as such both receive deposits and give loans
Basic features of SEBI ,as declared in Preamble -- "...to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected there with or incidental there to".