tSTRUCTURE OF BANKS Commercial banks can be divided into 2 main categories: (1) Scheduled banks (2) Non-scheduled banks (1) Scheduled bank: A scheduled bank is so called because it has been included in the second schedule of Reserve bank of India Act‚ 1934. To be included in the schedule‚ the bank must satisfy the following 3 conditions: (a) It must have paid up capital and reserves of an aggregate value of at least Rs. 5 lakhs; (b) It must satisfy the reserve bank that its affairs
Premium
The Oldest Joint Stock Bank of the Country‚ Allahabad Bank was founded in April 24th of the year 1865 at the confluence city of Allahabad by a group of Europeans. At that occasion Organized Industry‚ Trade and Banking started taking shape in India. Thus‚ the History of the Bank spread over three Centuries - namely Nineteenth‚ Twentieth and Twenty-First. As a leading public sector commercial banks in India‚ Allahabad Bank offering banking products and services to corporate and commercial customers
Premium Bank
central bank‚ reserve bank‚ or monetary authority is an institution that manages a state’s currency‚ money supply‚ and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank‚ a central bank possesses a monopoly on increasing the amount of money in the nation‚ and usually also prints the national currency‚ which usually serves as the nation’s legal tender.[1][2] Examples include the European Central Bank (ECB)
Premium Monetary policy Central bank
guidance I was able to enhance my inter-personal skills. During the course of 8 weeks I also came across other people who put in their time and effort towards acclimatizing me towards the working of their organization. I express my thanks to every one of them. These 8 weeks were very important to me as it helped me in going beyond the class room and get a practical feel of how things worked. Table of
Premium Bank
PROJECT REPORT ON AXIS BANK [pic] PROJECT REPORT ON AXIS BANK [pic] SUBMITTED TO: SUBMITTED BY: MISS SANGEETA SHARMA RESHMA RAI MBA 2ND SEM Date: 14.07.11 IIAS SCHOOL OF MANAGEMENT ACKNOWLEDGEMENTS It is great pleasure to express my sense of gratitude to MISS SANGEETA SHARMA‚ IIAS School Of Management‚ Siliguri‚ without whose valuable guidance
Premium Bank
rates. 2. The biggest strength of Grameen Bank lies in bringing financial services to poor people and making it financial sustainable by the economies of scale effect. Some of the other advantages are that the bank offers tailor-made services to the poor people. Also‚ the costumers are called members so they have the feelings of “belongingness”. Moreover‚ Grameen Bank focuses on area which is largely untapped and has huge potential. 3. Grameen banks not only provides credit to its borrowers but
Premium Microfinance Bank Debt
1. INTRODUCTION Today banks have a key role in all countries. And their policies and strategies affect economic development‚ employment‚ prices‚ national income‚ etc. The operations of banks are known as one of the most important economic activity in the world. Any activity which requires investments and financial resources undoubtedly requires the involvement of banks and financial institutions. Thus banks have the central role in economy. On the other hand‚ managing of a country’s financial
Premium Bank
Bank Policy in Burma By Name Course Professor University City/State Date Introduction Commercial banking in Burma started in Burma before it gained its independence in the early nineteenth century. The banks supported chettiar lending. There were more foreign banks than indigenous banks from the Burma citizens. An example of the Burma commercial bank was the Dawson’s bank which began in the early nineteenth century. Most of the banks primary goal was to focus
Premium Bank
banking sector the activities performed in GB and in Accounts department is of greatest importance. Banking service is directly related with clients. Banking activities facilitate clients to deposit their money in the bank according to their needs‚ to withdraw cash available in clients bank account‚ help the clients to engage in transaction in a safely mode‚ help the clients to improve their living standard by providing loans to the clients after fulfilling the necessary conditions. Rationale of the
Premium Bank Cheque Banking
Introduction: Bank Alfalah Limited was incorporated on June 21st‚ 1997 as a public limited company under the Companies Ordinance 1984. Its banking operations commenced from November 1st ‚1997. The bank is engaged in commercial banking and related services as defined in the Banking companies ordinance‚ 1962. The Bank is currently operating through 195 branches in 74 cities‚ with the registered office at B.A.Building‚ I.I.Chundrigar‚ Karachi. Karachi. Since its inception‚ as the new identity
Premium Bank Finance