INTRODUCTION A bank service helps to distribute resources of a nation from a high concentrated area to a low concentrated area‚ to facilitate national growth and development. But numerous external forces shape the market of bank service (Zeithaml‚ Bitner‚ and Gremler‚ 2009)). The service is affected by economic‚ technological‚ demographic‚ socio-cultural‚ political and legal factors. The level of prosperity‚ changing levels of disposal income‚ inflation rates‚ stock market performance‚ the rate
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Core Banking System Meaning:- Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices. Core Banking system or CBS is one of the recent developments in the field of banking‚ and has proved to be very useful. It is a facility provided by banks in which a person‚ having an account in one branch‚ can operate his account‚ in another
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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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The Future of Banking: The Mobile Banking Revolution Brett Lord Florida Institute of Technology Strategic Management BUS5480 Professor Uchenna Nwabueze March 24‚ 2013 Abstract Mobile banking changed the landscape of personal banking. As the Internet became more ubiquitous and smartphone and tablet use is increasing‚ the desire for consumers to conduct their banking on the go grew exponentially. Financial institutions are expanding the services offered through mobile banking to attract younger
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Journal of Banking & Finance 37 (2013) 433–447 Contents lists available at SciVerse ScienceDirect Journal of Banking & Finance journal homepage: www.elsevier.com/locate/jbf Islamic vs. conventional banking: Business model‚ efficiency and stability Thorsten Beck a‚⇑‚ Asli Demirgüç-Kunt b‚ Ouarda Merrouche c a CentER‚ Department of Economics‚ Tilburg University and CEPR‚ The Netherlands World Bank‚ Development Research Group‚ United States c European Securities and Markets Authority
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ON NON-RESIDENT INDIAN (NRI) BANKING AT KOTAK MAHINDRA BANK LIMITED BY SIDHI MEHTA Under the guidance of Mr. ANUP PAL Retail Liabilities A report submitted in Partial Fulfillment of the requirements of MBA Program of FACULTY OF MANAGEMENT STUDIES‚ MLSU‚ UDAIPUR (FINANCIAL SERVICES MANAGEMENT) (Session 2010-2012) DECLARATION I Sidhi Mehta‚ declares that the report on “NRI BANKING” is an original work done by me
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ONLINE BANKING By:Mithun 1. INTRODUCTION This ’Online Banking’ Project is a model Internet Banking Site.This site enables the customers to perform the basic banking transactions by sitting at their office or at homes through PC or laptop. The customers can access the banks website for viewing their Account details and perform the transactions on account as per their requirements. With Internet Banking‚ the brick and mortar structure of the traditional banking gets converted into a click and portal
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inflation and full employment. Central banks also generally issue currency‚ function as the bank of the government‚ regulate the credit system‚ oversee commercial banks‚ manage exchange reserves and act as a lender of last resort. The central banking system in the U.S. is known as the Federal Reserve System (commonly known as "the Fed")‚ which is composed of 12 regional Federal Reserve Banks located in major cities throughout the country. The main tasks of the Federal Reserve are to supervise
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CONTEMPORARY RESEARCH IN BUSINESS VOL 4‚ NO 12 The Effect of Using Electronic Banking on Profitability of Bank Bahram Meihami Department of Accounting‚ Ghorveh Branch‚ Islamic Azad University‚ Ghorveh‚ Iran Zeinab Varmaghani BA Student of Primary Education‚ Ghorveh Branch‚ Islamic Azad University‚ Ghorveh‚ Iran Hussein Meihami BA Student of English Teaching‚ Imam Khomeini International University‚ Qazvin‚ Iran Abstract: Electronic banking is the use of electronic means to transfer funds directly from
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financial system barring the capital market institutions and the insurance sector. Its mandate is to strengthen supervision of the financial system by integrating oversight of the activities of financial services firms. The BFS has also established a sub-committee to routinely examine auditing practices‚ quality‚ and coverage. In 1995‚ RBI had set up a working group under the chairmanship of Shri S. Padmanabhan to review the banking supervision system. The Committee certain recommendations and based
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