Definition of Mobile Banking: In many developing countries transferring prepaid mobile phone (cell phone) credits are being used as a way to move money more swiftly and securely than the antiquated and inconvenient banking‚ postal and transportations systems in these countries would otherwise allow. These prepaid mobile phone credits thus represent an alternative currency that underlies an alternative banking system. Thus‚ the most efficient funds transfer and payment method over long distances
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EXECUTIVE SUMMARY Today‚ necessity of a Bank as a financial institution is undeniable. A country is financially rice when it has modern financial institutions of its own. These institutions play a vital role in the field of financial stability of a country. Banking sector is on of the stable financial institution of a country. Due to globalization and technological changes‚ the give effective real time service to their customers. For giving friendly service to the customers they need experienced
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STATISTICS AND MATHEMATICS-II “ONLINE BANKING” The summary of a survey conducted in order to find the awareness and usage of Online banking. INDEX SR.NO. CONTENTS PAGE 1) Index 1 2) Introduction to Online Banking 2 3) Sources of Data 3 4) Application of Mean 8 5) Merits of Online Banking 8 6) Demerits of Online Banking 9 7) Internet Banking Risks 9 8) Conclusion 10 INTRODUCTION TO ONLINE BANKING: Online banking (or Internet banking or E-banking) allows customers of a financial institution to
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Offshore banking is newly introduced by modern banking system. There are two different types of banking - regular "Onshore" banking and "Offshore" banking. The term "Offshore" means many things to many people. Basically the "offshore" consists of those countries which have adopted specific offshore company and/or offshore banking legislation and which have legislated privacy laws and regulations. OFFSHORE BANKING Offshore banking is a banking process happens outside the country of residence of
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A. DEFINITION Definition of ’Central Bank’ The entity responsible for overseeing the monetary system for a nation (or group of nations). Central banks have a wide range of responsibilities‚ from overseeing monetary policy to implementing specific goals such as currency stability‚ low 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
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Umpqua Bank – Unit 4 Assignment March 1‚ 2011 Kaplan University‚ Marketing AB219-01 Introduction Financial institutions such as Umpqua Bank know the positive impact of employee incentive programs. Financial institutions such as Umpqua believe that they can ensure their customers will be treated well by first treating their employees well. They go beyond compensation to make their employees feel valued by using performance recognition programs. An annual awards gala for employees‚ on-the-spot
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Reserve Bank Role Of The Reserve Bank Of India As A Regulator Introduction The regulators of the Indian financial sector are the Reserve Bank of India‚ the Ministry of Finance (Income Tax Department)‚ Foreign Exchange Dealers Association of India‚ Deposit Insurance and Credit Guarantee Corporation‚ Fixed Income Money Market and Derivatives Association of India and the Clearing Corporation of India Ltd. This paper shall deal with the most important of these regulators‚ the Reserve Bank of India
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Banking in the Bahamas Banking is an important part of the Bahamian economy because it generates a source of income for The Bahamas. In fact‚ banking which is a TERTIARY industry is the second largest industry in The Bahamas. The first bank in The Bahamas was the Government Savings Bank established in 1836. It was also known as the Public Bank of The Bahamas but closed in 1886. In the same year of its collapse‚ a Government Savings Bank was established under the control of the Post Office Department
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MARKETING OF BANKING SERVICES IN RURAL AREAS Banks today are operating in a highly competitive and rapidly changing environment. In the changing economic scenario‚ a professional approach to business development is essential and the survival of a banking institution depends on its ability to take up challenges coming up in the environment. Developing business through marketing of bank’s services is one of the crucial areas which need attention of the bankers to ensure profitable survival. MARKETING
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merchant banking activity was ushered in two decades ago‚ it was only in 1992 after the formation of Securities and Exchange Board of India that it is defined and a set of rules and regulations in place. Today a merchant banker is who has the ability to merchandise that is‚ create or expand a need and fulfill capital requirements. I have given an overview about the financial markets and the role of merchant bankers in the growth of these markets. My project covers how the merchant banks works‚
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