Micro finance has assumed a greater importance in view of the growing demand of credit in the rural area. Rural mass are deprived of the opportunity to avail the credit from the banks since the quantum needed is very less than this context many micro financing institutions came in to operation in the rural areas promoted by the Non Governmental Organizations to cater to the need of these downtrodden lot. Savings pooled from the area along with the funds raised form other sources like banks are deployed to these people at an affordable interest rates and the end use is monitored for economic development.

Retail chain has become the latest strategy in the field of consumer trade. Good number of corporates are also entering into this field by opening stores to sell consumer goods including house hold items and food items. Even certain developing countries are licencing such chains in order to provide goods at a competitive rate.

These chains offer verities to the customers at a competitive rates since they handle a higher volume and also the “one stop shopping” facility saves the time and energy of the customers in the matter of shopping. They also provide value addition for the purchase made through raffles by offering valuable gifts.

Cross currency transition is the base for transacting amongst various trading nations. International trade is centering around this aspect to settle the funds arising out of various trade that is taking place between them. Depending upon the strength and weakness of the specific currency the cross currency rate is decided and payment is done based on such conversion.

Of late the USD was weakening against the Euro in the wake of increasing oil price. Based on the demand and supply for they said currency the cross currency rate is fixed and the payment is made. Most of the countries link their currency with USD in the matter of conversion to affect the trade payment to other countries.

Consumer durable Finance is encouraged in the banks and private financial institutions nowadays. When the spread has come down heavily on account of increase in the cost of funds this avenue helps the lenders to boost up the bottom line.

At the same time the recovery percentage in this sector is also at a reasonable level since the salaried class constitutes the borrowing comity. Since existing customers with good track record are funded under this schemes the rate of default is minimum.