Project Report On “THE GENERAL BANKING FUNCTION” Prepared By: Vishal Panchal B.B.A. 3rd Year Submitted to: Dr. Babasaheb Ambedkar Open Univercity July 2007 ❖ DECLARATION I‚ Kamaliya Paresh A.‚ hereby declare that the Summer Project Report work undergone at Rajkot Nagarik Sahakari Bank Ltd..‚ presented is carried by my own experiences and observation in the bank. This Summer Project Report is submitted as a part of Management study curriculum and as partial fulfilment
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Internet Banking Table of Contents Chapter–1– Introduction 0 Chapter–2– Internet Banking a new medium 7 Chapter--3 - International experience 19 Chapter -4 -The Indian Scenario 33 Chapter- 5- Types of risks associated with Internet banking 41 Chapter- 6- Technology And Security Standards For Internet - Banking 49 Chapter -7 - Legal Issues involved in Internet Banking 74 Chapter- 8- Regulatory and supervisory concerns 84 Chapter–9 - Recommendations 98 Annexure 1 111 Annexure 2 112
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Islamic law of transactions (fiqh muamalat) has become inevitable in contemporary Islamic finance. The main rationale could be found in the fact that to some level‚ companies engaging in the business of Islamic finance act upon on the foundation of profit maximization. This must be practiced by embracing the Shariah doctrine‚ one of which is the disallowance of interest or usury as riba. By doing so‚ profit maximization will be free of unethical practices‚ and will put Islamic banking business
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Banking Industry The Banking Industry was once a simple and reliable business that took deposits from investors at a lower interest rate and loaned it out to borrowers at a higher rate. However deregulation and technology led to a revolution in the Banking Industry that saw it transformed. Banks have become global industrial powerhouses that have created ever more complex products that use risk and securitisation in models that only PhD students can understand. Through technology development‚
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Research Report of Money and Banking Issues and Problems in Islamic Banking Abstract:- Three decades have passed since the first Islamic bank began its operations in MitGhamr‚ Egypt‚ and more than a decade has passed since the Islamic Republics ofIran and Pakistan adopted a non-interest-based financial system. Profit Loss Sharing (PLS) dominates the theoretical literature on Islamic finance. Broadly‚ PLS is a contractual arrangement between two or more transacting parties‚ which allows
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Risk of E-Banking 9-13 Discussion – Strategic Risks 14-22 Discussion – Risk Assesments 22-24 Joint Recommendations 24- 25 Case Study 25-28 Conclusion 29-35 References 35 E-BANKING & ITS RISK 1. Introduction What is E-Banking In the struggle to assign an appropriate name such technological innovation‚ are terms such as Online Banking‚ E-banking or Electronic Banking generically‚ although it should clarify what is meant by each of them. (1)3 Electronic Banking refers to
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officials who cooperated very well with‚ by providing any information I needed for my study. My heartfelt gratitude to my mother for giving me financial support and material support which without this study could not have been complete. Department of Banking and Financial Services‚ fellow students and friends for their motivation and providing me with conducive learning environment. EXECUTIVE SUMMARY The Institute of Finance Management(IFM)
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Introduction: e-banking is defined as the automated delivery of new and traditional banking products and services directly to customers through electronic‚ interactive communication channels. E-banking includes the systems that enable financial institution customers‚ individuals or businesses‚ to access accounts‚ transact business‚ or obtain information on financial products and services through a public or private network‚ including the Internet. Customers access e-banking services using an intelligent
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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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Online Banking Introduction The World Wide Web has changed our culture in so many ways. People are able to do so many activities over the World Wide Web‚ it is unbelievable. You can pursue a degree through online universities‚ communicate with users around the world‚ purchase goods and services online‚ and yes‚ you can bank and pay your bills online. This new technology has enabled us to make payments‚ maintain a checking/debit card account‚ balance transfers‚ all via the web. You can
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