BANK ACCOUNT: A bank account is a financial account which tells you details or records of all the financial transactions that occurs between bank and the customer and also the financial state of the customer after that. There is a process of opening an account which is as follow: 1. The Type of Bank Account which you wish to open: There are following types of accounts like fixed deposit account‚ saving account and the current account. You choose any of them according to your need. 2.
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to be maintained in Current account. As per RBI directive banks are not allowed to pay any interest on the balances maintained in Current accounts. However‚ in case of death of the account holder his legal heirs are paid interest at the rates applicable to Savings bank deposit from the date of death till the date of settlement. Because of the large number of transactions in the account and volatile nature of balances maintained‚ banks usually levy certain service charges for operating a current
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Name: Aadarsh Raju Date: May 12‚ 2011 BBVA BANK (A): Innovation Initiatives 2003-2008 This case shows how a large corporation can appreciate innovation as their new organizational culture. For a bank that based its expansions on geographical spread‚ mergers & acquisitions & revenue growth‚ to change to a culture based on innovation is not an easy task but is a step in the right direction. However‚ with the advent of the financial crisis in 2008‚ consumers have lost faith in financial
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relevant to national commercial banking sectors that have been published by central banks‚ regulators and/or trade associations‚ as well as basic information concerning individual market participants. We have also considered the current views on the economic outlook for the country in question. Many aspects have been – and continue to be – brought together in a systematic way through our proprietary Commercial Bank Business Environment Ratings (CBBER)‚ which facilitate cross-country comparisons. In
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East West University Assignment on [pic] Prime Bank Limited‚ Bangladesh Organizational behavior Management 251 Sec-3 Submitted to: Sharmin Akther Lecturer Department of business administration East West University Submitted By: Muatta Al Zaber(2011-3-10-077) Ricky Richard Rodgues(2011-3-10-076) Jerry Rozario(2011-2-13-101) Group name: Qube Contribution Of Members |Muatta Al Zaber |90 %
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|VIGILANCE ADMINISTRATION IN PUBLIC SECTOR BANKS | |Vigilance administration in banks has assumed added importance these days in the wake of recent fraud case in the Citibank‚ Gurgaon (a | |private sector foreign bank). The gigantic proportions to which the amount has gone up beyond Rs.300 crore is mind - boggling. Needless to | |mention here that the Citibank is a bank which has international character‚ has
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Bank Regulation and FSA What are the main types of bank regulation and what are their limitations? And What are the objectives and main responsibilities of the FSA? So firstly‚ what are the main types of bank regulations and what are their limitations? There are four main types of bank regulation that I am going to talk about; Systemic Regulation‚ Prudential Regulation and Conduct of Business Regulation. Systematic regulation or sometimes known as structural regulation‚ is the regulation
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conference held in Senegal regarding systematic efforts to set up Islamic banks in the member countries in phases. Following this and after the organisational efforts undertaken the first Islamic Bank was set up in Bangladesh in 1983 - Islamic Bank Bangladesh Limited. Presently‚ there are 8 Islamic Banks in Bangladesh and 13 Conventional Banks which have Islamic Banking facilities. The conventional banks also include Standard Chartered Bank. The Islamic Banking market has grown tremendously over the last
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COMPLIANCE FUNCTION IN BANKS Kunal Vasu Mallik On account of increasing globalization and deregulation world over‚ the financial sector is experiencing tremendous growth ‚ diversification and innovation. In the face of it the banking system‚ the major player in the financial sector‚ have become susceptible and banking crises have grown‚ causing or aggravating economic downturns leading to significant fiscal costs. The continuous process of diversification and evolution of products creates
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Commercial Bank of Ceylon Limited Introduction: Commercial Bank of Ceylon (CBC) entered the banking business in Bangladesh in the year 2003. In the mean time it has proven to be a rising foreign bank here. Since inception its economic growth both in corporate and retail departments are quite big. Till now Commercial Bank of Ceylon has developed a network of nine branches‚ two offshore units‚ six SME centers and four offsite ATMs. One card center takes care of all card related activities of the
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