INTRODUCTION WHAT IS BANK? A bank is a financial institution‚ which deals with money and credit. It accepts deposits from individuals‚ firm and companies at a lower rate of interest and gives at a higher rate of interest to those who need them. The difference between the terms at which it borrows and those at which it lends from the source of it profit. A bank‚ thus‚ is a profit earning institution. HISTORY OF ISLAMIC BANKING IN PAKISTAN 1947 The inception of Pakistan as the first Islamic
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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
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People’s Bank of China The People’s Bank of China is the is the central bank of People’s Republic of China with the power to control monetary policy and regulate the financial institutions in mainland China. The People’s Bank of China has more financial assets than any other single public finance institution in world history. History: The bank was established on December 1‚ 1948 based on consolidation of Huabei Bank‚ the Beihai Bank and the Xibei Farmer Bank. The headquarter was first located
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Special Meeting called for the Members of the Cuttyhunk Bank. One of the agenda of the meeting is to seek approval of the conversion of Cuttyhunk Bank from a federal saving bank to a state-chartered saving s bank regulated by the Massachusetts Commissioner of Banks. Please note that this does not mean conversion to a stock form of organization. Cuttyhunk Bank will still remain a mutual savings bank. The conversion to a state charter savings bank will enhance Cuttyhunk Bank’s ability to serve its customers
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| | ⅜ Articles The Realist Tradition in American Public Opinion Daniel W. Drezner For more than half a century‚ realist scholars of international relations have maintained that their world view is inimical to the American public. For a variety of reasons—inchoate attitudes‚ national history‚ American exceptionalism—realists assert that the U.S. government pursues realist policies in spite and not because of public opinion. Indeed‚ most IR scholars share this “anti-realist assumption
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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
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EVOLUTION OF BANKS IN PAKISTAN There are different opinions that how the word ‘Bank’ originated. Some of the author’s opinion that this word is derived from the word ‘Bancus’ or Banque’‚ which means a bench. The explanation of this origin is attributed to the fact that the Jews in Lombard transacted the business of money exchange on benches in the market place; and when the business failed‚ the people destroyed the ‘bench’. Incidentally the word ‘Bankrupt’s said to have evolved from this practice
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Role of a Custodian Bank A custodian is a financial institution that is specialized in safeguarding g the firms or an or the individuals financial assets and is not associated with any sort of commercial or traditional banking tasks like branch banking‚ personal accounts management or so on. The role of a custodian bank is usually to hold the assets and securities of the individuals in assets like bonds or commodities which are traditionally considered to be very safe. This would also include
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DBQ Essay Before Alexander’s proposal for a National Bank‚ the United States had no place where to store and save their money. The country didnt have a stable economy and needed improvemt in handling the financial business of the United States. By establishing a national bank‚ the country woould be able to establish financial order‚ clarity and precedence in and of the newly formed Unted States. It will also establish credidt‚ both in country and overseas‚ for the new nation. And finally it was
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Banks in the 1920s were built around a system of credit and mutual dependency with banks largely relying on the stability of others incase of emergency. Banks had to be registered with the National Reserve to operate with roughly 30‚000 National Reserve banks housing different portions of the country’s financial reserves. Each bank in turn also had its own reserves to account for the various loans and issued currency. With this system banks were intended to cooperate and move money as needed to other
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