The commercial banks serve as the king pin of the financial system of the country. They render many valuable services. The important functions of the Commercial banks can be explained with the help of the following chart. Primary Functions The primary functions of the commercial banks include the following: A. Acceptance of Deposits 1. Time Deposits: These are deposits repayable after a certain fixed period. These deposits are not withdrawn able by cheque‚ draft or by other means. It includes
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International Business Research; Vol. 5‚ No. 8; 2012 ISSN 1913-9004 E-ISSN 1913-9012 Published by Canadian Center of Science and Education A Model for Evaluating Financial Performance of Companies by Data Envelopment Analysis A Case Study of 36 Corporations Affiliated with a Private Organization Reza Tehrani1‚ Mohammad Reza Mehragan1 & Mohammad Reza Golkani1 1 School of Management‚ University of Tehran‚ Tehran‚ Iran Correspondence: Mohammad Reza Golkani‚ School of Management‚ University
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TWO DEPRESSIONS‚ ONE BANKING COLLAPSE Chay Fisher and Christopher Kent Research Discussion Paper 1999-06 June 1999 System Stability Department Reserve Bank of Australia We would like to thank Philip Lowe‚ Marianne Gizycki‚ David Merrett‚ Bryan Fitz-Gibbon‚ David Gruen and Peter Stebbing for helpful suggestions. Thanks to David Merrett and David Pope for early advice and encouragement. Thanks also to Adrian McMahon for help in preparing this document. Any remaining errors are our own.
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INTRODUCTION & HISTORY OF BANKING BANKING [pic] Introduction India cannot have a healthy economy without a sound and effective banking system. The banking system should be hassle free and able to meet the new challenges posed by technology and other factors‚ both internal and external. In the past three decades‚ India’s banking system has earned several outstanding achievements to its credit. The most striking is its
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STUDY ON INVESTMENTS IN FINANCIAL MARKETS AT IIFL LTD ABSTRACT A financial market is a market in which people and entities can trade financial securities‚ commodities‚ and other fungible items of value at low transaction costs and at prices that reflect supply and demand. Securities include stocks and bonds‚ and commodities include precious metals or agricultural goods. The project “Investment in Financial Markets” gives a brief idea regarding the various
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“Banking‚ Finance‚ and Money: a Socio-economics Approach” L. Randall Wray‚ Professor of Economics and Director of Research at Center for Full Employment and Price Stability‚ University of Missouri—Kansas City; and Senior Scholar‚ Levy Economics Institute at Bard College. This paper will briefly summarize the orthodox approach to banking‚ finance‚ and money and then will point the way toward an alternative based on socio-economics. It will be argued that the alternative approach not only fits
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Introduction Islamic banking is banking based on Islamic law (Shariah). It follows the Shariah‚ called fiqh muamalat (Islamic rules on transactions). The rules and practices of fiqh muamalat came from the Quran and the Sunnah‚ and other secondary sources of Islamic law such as opinions collectively agreed among Shariah scholars (ijma’)‚ analogy (qiyas) and personal reasoning (ijtihad). The credibility of the Islamic banking activities is highly dependent on the credibility of the Shariah advisers
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DATA MODELING AND DATABASE DESIGN SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 17.1 Why is it not necessary to model activities such as entering information about customers or suppliers‚ mailing invoices to customers‚ and recording invoices received from suppliers as events in an REA diagram? The REA data model is used to develop databases that can meet both transaction processing and management
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Comparison between Islamic Banking and Conventional Banking Introduction As far as commercial banking is referred‚ there are two main differences from the traditional approaches (conventional or Islamic)‚ and these are very significant evolutions. One is that this method believes commercial banks as serving providers‚ rather of like “money lenders” (conventional) or “investing-collaborators” (Islamic). Interest-free banking is inferred as a sub-model; the conventional banking is considered as an
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on E-Banking Ratings: (6)|Views: 31‚724|Likes: 304 Published by Nirmal See More DOWNLOAD this Report AT -http://bit.ly/16xm6zS Exchange of statisticals information amongs banks. Enables foreign exchange operations. Inter-bank applications like settlement of funds between banks. Provides facilities like demat operation‚ATMoperation‚online banking. DOWNLOAD this Report AT -http://bit.ly/16xm6zS DOWNLOAD this Report AT -http://bit.ly/16xm6zS Internet Banking Internet
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