What is core banking? Initially when banks expanded to different cities and states‚ they provided branch specific banking. So if a customer has a bank account with a bank in city A‚ he cannot use the services of a branch in city B. The bank would usually delay the processing of financial instruments issued from some other branches to 2-3 working days. Then came the concept of Core Banking. Wherein‚ a customer who has an account with the bank can use any of its branches irrespective of the city
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Electronic Monitoring Throughout the years‚ the government has created numerous strategies in order to make prisons less populated. Electronic Monitoring‚ one of the newest inventions‚ is a prime example of how to keep the population to a minimal in penitentiaries. It has also helped monitor other community corrections programs for people on parole‚ which is actually the main point why electronic monitor was invented. In addition it is constantly used in day programs and probation circumstances
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1.Q: Explain the functions of Merchant Banking. Functions Merchant banking is a service oriented industry. Merchant banks all over the world carry out the same set of services. Merchant banks in India carry out the following functions and services specifically. 1. Corporate Counseling 2. Project counseling 3. Pre-investment Studies 4. Capital restructuring 5. Credit Syndication 6. Issue Management and underwriting 7. Portfolio Management 8. Working Capital Finance 9. Acceptance Credit and Bill
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ability to provide money. Examples of these are real estate companies‚ car merchants‚ and financial advisers. These firms can refer you to their own customers who need funds. In this way‚ you can have an effective yet low-cost way of advertising. Work on weekends This may sound unfair‚ but you have to understand that Saturdays and Sundays are when most people do not have to report to their jobs. Thus‚ it is during these times when they can visit your office and take a look at your financial programmes
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------------------------------------------------- IBI PROJECT ------------------------------------------------- TYBBI 2012-2013 Pranav Makharia Roll NO. 30 Q - Explain the origins‚ features‚ functions and importance of international banking? The origin of international banking dates back to the 2nd century BC when Babylonian temples safeguarded the idle funds and extended loans to merchants to finance the movements of goods. The loans extended by the Florentine banking houses were the first instance of international
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Vivek S. Kanojiya (78) 1 INTRODUCTION TO ISLAMIC BANKING Islamic Banking refers to a system of banking or banking activity that is consistent with the principles of Islamic law (Shariah) .Shariah prohibits Riba. . i.e. interest free business. It is based on the Islamic economic system. It is not restricted to Muslims only. 2 EVOLUTION OF ISLAMIC BANKING Islamic banks are seen to involve themselves as financial intermediaries and investment oriented institutions in bringing
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Published: June 30‚ 2012 Foreign Direct Investment and Economic Growth in Nigeria: An Analysis of the Endogenous Effects Okon J. Umoh‚ 2Augustine O. Jacob and 1Chuku A. Chuku 1 Department of Economics‚ University of Uyo‚ Uyo‚ Nigeria 2 Heritage Polytechnic‚ Eket Akwa Ibom State‚ Nigeria Abstract: This research endeavour set out to empirically investigate the relationship between foreign direct investment and economic growth in Nigeria between 1970 and 2008. The paper makes the proposition that there is
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Electronics and Electrical Engineering Course Structure and Syllabus for BTech in Electronics and Electrical Engineering (to be applicable from 2010 batch onwards) Course No. CH101 CH110 EE101 MA101 ME110/ PH 110 ME 111 PH101 SA 101 Course Name Semester - 1 Chemistry Chemistry Laboratory Electrical Sciences Mathematics - I Workshop /Physics Laboratory Engineering Drawing Physics - I Physical Training -I NCC/NSO/NSS 3 0 3 3 0 0 2 0 0 11 Semester 3 MA201 EE200 EE201 EE220 HS2xx EE202 SA201 Mathematics
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CORE Banking CORE or CORE Banking is a very important terminology used in Indian banking industry. The term CORE is used in two perspectives in Indian banking industry. 1) First Perspective of Core Banking In the first perspective CORE stands for Centralized Online Real-time Environment (CORE). It is a system of centralized banking under which all banks use a centralized data-centre for all their banking transactions. It can be said that all banks under this system share all information
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INTRODUCTION Central Banking is one of the most useful institutions which human ingenuity has developed to help the society in managing its collective financial affairs. Every country‚ these days has a Central Bank which controls its entire banking system. Few countries had a Central Bank in the 19th century‚ but the popularity of the Central Bank has greatly increased in the 20th century. Today‚ there is hardly any country in the world which does not have a Central Bank of its own. After the
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