Chapter 1 Introduction Banking sector has significant contribution in the economy of a country. In 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
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Reading Material Concepts and definitions of various banking terminology. All the information is collected using various free web-sites on internet for the purpose of enhancing knowledge of the participants in the field of banking. 1 Banks in the economy Role in the money supply A bank raises funds by attracting deposits‚ borrowing money in the inter-bank market‚ or issuing financial instruments in the money market or a capital market. The bank then lends out most of these funds to
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SOCIAL BANKING INTRODUCTION Banking plays a fundamental role in economic progress of a country. It inculcates the habit of savings among people‚ hence helps in boosting the investment base and speeding up the capital formation. At the same time it also helps out the needy‚ by providing them timely credit at an affordable cost. But majority of poor rural and semi urban population in India are unable to avail the basic banking facilities. As a result they are made to rely on private money lenders
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Introduction Banking can be defined as the business activity of accepting and safeguarding money owned by other individuals and entities‚ and then lending out this money in order to earn a profit. However‚ with the passage of time‚ the activities covered by banking business have widened and now various other services are also offered by banks. The banking services these days include issuance of debit and credit cards‚ providing safe custody of valuable items‚ lockers‚ ATM services and online
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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 about
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Project Proposal Online Banking in general Askari Bank(in particular) Prepared By: Presented To: Saad Majid Sheikh Dr. Ali Sajid Nadia Babar Productivity Management Khalid Sajjad Akbar NIMS Sohail Ashraf November 25‚ 2001 Project Synopsis In this age of Information Technology all the fields of life are being affected by new inventions and innovations. Almost all kind of organizations are steeping into the field of IT‚ in an effort to increase their
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Universal Banking BY : 1. SUSHANT NAIDU - 31 2. SHEETAL NAIR - 32 3. KARTIK NAIR - 33 4. VISHAKHA PARMAR - 34 5. PAULIN MARY - 35 6. RAHUL RAJGOPALAN - 36 [pic] UNIVERSAL BANKING Universal banks are generally large banks with extensive network of branches that provide
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understand International banking‚ students should first understand the overall history and development of banking. Although many of the examples of either a banking or country financial collapse may appear to the student to be outdated‚ the lessons learned (or not learned) are still relevant in today’s more globalized world of banking. For example‚ in applying the elements of the current sub-prime lending crisis‚ students will find that the three main causes for a banking crisis that is covered in
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European countries started gold as an international standard for exchange but today every central bank used fait money in the medium of exchange during within the countries. Central bank works with the cooperation of government and regulates the banking sector to minimize the downfall and collusion process of the financial institutions. In the beginning different thoughts used the name of the bank with different styles. Communists use their name as National Bank and other thinkers use their name
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Islamic Banking Analysis Haythem Joudeh February 22‚ 2013 Abstract This goal of this research is to find out if Islamic Banking is a better alternative to the Western‚ Conventional Banking. The information provided will reveal various Islamic Banking principles that would have prevented previous major economic crises and if applied globally today could prevent a major economic collapse. Islamic Banking is banking system based on Shari ’a (Islamic) Law on which it developed its unique
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