INTRODUCTION 1. Assalamualaikum and Good evening ‚ on behalf of my group I welcome you all to the presentation on FOREIGN EXCHANGE GUIDELINES IN BANGLADESH AND FINDING IN THE PROCESS ITS USER FRIENDLYNESS . Ladies and Gentlemen ‚ the very word foreign exchange refers to foreign currency in general but crucially in text-book terms it refers to the process or mechanism by which currency of one country is converted into the currency of another country . Usually such conversion takes place in
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sheets (equity‚ traded on the stock exchange and deposits) and hold exchange settlement accounts with Reserve Bank of Australia‚ the Australia’s central bank. ESAs streamline the settlement of interbank transactions. Bank that acquires the rival bank cheques are presented to the clearinghouse for redemption. After processing‚ the net balances are posted on ESAs. Bank that accumulate adverse balances observe a fall in the ESA and creditor bank observe an increase in ESA balances. Banks do not only do
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An Introduction on Mobile Banking By Paramantapa Dasgupta After Internet Banking‚ Mobile Banking or M-Banking has become the buzz word in the industry. It’s a fact that Internet Banking has given a boost and has shown a successful way to consider it as a good alternative procedure against physical branch banking. Now where ever you are‚ you can access your bank account and you can do lot more things like checking your account balance‚ transfer money to some other account‚ pay your utility bills
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Bazar Branch is equipped with a number of foreign remittance facilities. Following are the types of foreign remittance facilities offered by National Bank Limited Kawran Bazar Branch. Issuance of Foreign Demand Draft (F.D.D) Issuance of travelers Cheques
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Project On INNOVATIVE BANKING SERVICES PROVIDED TO NRI BACHELOR OF COMMERCE BANKING & INSURANCE SEMESTER V 2010-2011 Submitted By JINAL.M.MEHTA ROLL NO- 34 S.K. SOMAIYA COLLEGE OF ARTS‚ SCIENCE & COMMERCE VIDYAVIHAR |CHAPTER NO |TOPIC NAME |PAGE NO | | |ACKNOWLEDGEMENT |05
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What is a current account? Current Account is primarily meant for businessmen‚ firms‚ companies‚ and public enterprises etc. that have numerous daily banking transactions. Current Accounts are cheque operated accounts meant neither for the purpose of earning interest nor for the purpose of savings but only for convenience of business hence they are non-interest bearing accounts. In a Current Account‚ a customer can deposit any amount of money any number of times. He can also withdraw any amount
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You took over management of a bank recently following the previous manager‘s retirement ‚ and today Mr Eyang called in and introduce himself and say that although he has been ill‚ he is now fully fit again. He also asked you to supply him with a new cheque book for his account and he shocked to learn that his account has been closed. You tell him of the transfer and also the transfer of the joint account balance. Mr Eyang react by saying that he intend to see his solicitors who he adds are now handling
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What led to the rise of Big Bull - THE SCAM Harshad Mehta rose to unimaginable heights. He earned the nickname of the BIG BULL owing to his initiation of the bull run in the stock market. The question arises- How did Mehta achieve what he did by being a mere stock broker? Mehta was an opportunist. The entire debacle was the fact that he capitalized a loophole in the banking system rather than a securities scam. Harshad Mehta did manipulate the securities and raised crores of rupees which were thereafter
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lend to her. So two weeks later on 14 September Amelia emails Madison and states ‘I accept your offer of 31 August’. Amelia used to bank at Big Bank and on 12 September the branch manager of Big Bank had told Madison that Amelia was always writing cheques to pay the local casino. After hearing this Madison decided that the bank would not lend to Amelia. She does not tell Amelia this. Amelia comes down to see Madison on 15 September to discuss when the loan will be available. At this point Madison tells
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Case Summary Innovative Patios is a private corporation that installs patio stone made from recycled material. The company started as a small landscaping business‚ hiring contract workers and paying in cash for many years. Five years ago‚ the company incorporated and currently‚ two employees are responsible for doing all the administrative and human resources work using Quicken to track all accounts including payroll. Relying on manual processes to manage payroll requirements caused inefficiencies
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