ALLAHABAD BANK About Allahabad Bank Allahabad Bank is one of the premier nationalized banks in India. It is also the oldest joint stock bank of India. It was incorporated by a group of Europeans at Allahabad on April 24‚ 1865. It was the time Indian economy had started shifting towards organized trade and business affairs. After some years in 1920‚ the P&O Bank brought Allahabad Bank and its headquarters at Kolkata. The Allahabad bank got an entirely new identity when it was nationalized in
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Commercial banks Types of advances: Advances by commercial banks are made in different forms such as demand loan‚ term loan‚ cash credit‚ overdraft etc. These forms of advances are explained below. 1. Demand Loan:-In a demand loan account‚ the entire amount is paid to the debtor at one time‚ either in cash or by transfer to his savings bank or current account. No subsequent debit is ordinarily allowed except by way of interest‚ incidental charges‚ insurance premiums‚ expenses incurred for the
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services. State Bank of Pakistan was established as the central bank on July 1‚ 1948 to control the financial sector. Subsequent amendments were made to extend the control and functions of SBP through State Bank of Pakistan Act 1956. SBP encouraged the private sector to establish banks and financial institutions in the country. It resulted into unhealthy competition and unlawful practices due to bribe and corruption during the decades of 1950s and 1960s. In 1974‚ all the existing banks were nationalized
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on banks QUESTIONNAIRE “Comparative Study on public and private sector banks” Dear customer‚ We are the students of C.T.I.E.M.T. Shahpur‚ Jalandhar. We are undergoing the project entitled named “Comparative Study on public and Private sector banks” So by filling this questionnaire please helps us in completing our project. Q1. Which Sector bank do you have your account? Public ( Private ( Both ( Q2. In which bank do you have your Account?
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Based on the facts available at this juncture‚ it seems unlikely that the insured would be successful in proving that the doctrines of waiver or estoppel applied in order to preclude Amica from relying on its policy defense. In the event that this case proceeded to litigation‚ it is possible that the Insured could allege a set of facts sufficient to survive a motion to dismiss that it was induced to refrain from an activity that prejudiced it in its litigation
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Nipissing Bank‚ one of Eastern Ontario’s premier financial institutions‚ was established in 1986 in Ottawa Ontario. Working with corporate‚ personal‚ and commercial customers they established about 25 retail branches mainly in Ontario and provide many financial services such as general banking‚ trust‚ insurance and wealth management. Though as time went on more competitors moved in and as is usually the case‚ Nipissing Bank has been pressured to gain more customers and retain their current clientele
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supervisors need to understand these risks and be satisfied that banks| |are adequately measuring and managing them. The key risks faced by banks are discussed below. | |Credit risk | |The extension of loans is the primary activity of most banks. Lending activities require banks to make judgements related to the | |creditworthiness
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Bank Accounting Bank accounting consists in making written‚ permanent records of every transaction. Every penny must be accounted for. The statement of the bank‚ which we have just discussed‚ shows the general‚ or control‚ accounts of the bank‚ and the various books of the bank show the detail of these items. It would not be impossible‚ but it would be entirely impractical‚ to enter every figure directly on the statement of condition. We might imagine an enormous sheet on which the capital is entered
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contract between customers and their banks and building societies that these firms will keep their customers’ information confidential. This confidentiality is not just confined to account transactions – it extends to all the information that the bank has about the customer. But from time to time‚ banks end up releasing information that they should have kept secret about their customers to a third party which sometimes ends up in major consequences for the banks and their customers. Bank’s duty
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Commercial Bank of Ceylon PLC Introduction Commercial Bank of Ceylon is identified as the benchmark private sector bank in Sri Lanka. The Bank had the largest market capitalization among all listed banking institutions in Sri Lanka and was ranked at No. 05 among all listed entities as at end 2012. Commercial Bank is only the Sri Lankan bank represented in the top 1000 Banks in the world for two consecutive years of 2011 and 2012. The bank has a subsidiary in Bangladesh. The Bank’s Head Office
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