Lecture 11: Handout The Regulation of Banks Date: 28 April 2004 Module: International Banking Why Regulate Banks? Banks are intermediaries between money suppliers and those who need money. Commercial banks are most heavily regulated financial institutions. Five main reasons for regulation: I. The first is to ensure the safety and soundness of banks. The purpose is to maintain I) domestic and II) international confidence‚ III) protect depositors and ultimately taxpayers
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Bank Accounting Bank accounting consists in making written‚ permanent records of every transaction. Every penny must be accounted for. The statement of the bank‚ which we have just discussed‚ shows the general‚ or control‚ accounts of the bank‚ and the various books of the bank show the detail of these items. It would not be impossible‚ but it would be entirely impractical‚ to enter every figure directly on the statement of condition. We might imagine an enormous sheet on which the capital is entered
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Introduction To Banks Banks have developed around 200 years ago. The natures of banks have changed as the time has changed. The term bank is related to financial transactions. It is a financial establishment which uses‚ money deposited by customers for investment‚ pays it out when required‚ makes loans at interest exchanges currency etc. however to understand the concept in detail we need to see some of its definitions. Many economists have tried to give different meanings of the term bank. Nature
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Total Bank 59=Scheduled 52 +Non-Scheduled 4+ Prospective 3. 35 Private Commercial banks including 8 islami : 1. AB Bank Limited (12 April 1982) 2. Bangladesh Commerce Bank Limited (16 September 1999) 3. Bank Asia Limited (27 November 1999) 4. BRAC Bank Limited (04 July 2001) 5. Dhaka Bank Limited (05 July 1995) 6. Dutch-Bangla Bank Limited ( 3 June 1996) 7. Eastern Bank Limited (August 1992) 8. IFIC Bank Limited [1976 (full bank 1983)] 9. Jamuna Bank Limited (3 june 2001)
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alludes to bank secrecy and minimizing taxes through careful allocation of assets‚ or by hiding assets from the taxing authorities. Swiss and certain offshore bankshave been criticized for such cooperation with individuals practicing tax evasion. Although tax fraud is a criminal offense in Switzerland‚ tax evasion is only a civil offence‚ not requiring banks to notify taxing authorities.[3] Historically‚ private banking has developed in Europe (see the List of private banks). Some banks in Europe
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INVESTMENT BANKS As with commercial banks‚ investment banks are highly leveraged entities that play important roles in both the primary and secondary markets. Investment banking activities include: • Raising funds through public offerings and private placement of securities. • Trading of securities. • Mergers‚ acquisitions‚ and financial restructuring advising. • Merchant banking. • Securities finance and prime brokerage services. The first role is assisting in the raising of funds by
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Premier Bank Corporate Information Background The Premier Bank Limited is incorporated in Bangladesh as banking company on June 10‚ 1999 under Companies Act.1994. Bangladesh Bank‚ the central bank of Bangladesh‚ issued banking license on June 17‚ 1999 under Banking Companies Act.1991. The Head Office of The Premier Bank Limited is located at Banani‚ one of the fast growing commercial and business areas of Dhaka city. Corporate Information: Authorized Capital : BDT 6000.00 Million Paid up
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World Bank has undergone significant change in its purpose and membership since its inception in 1944” (world bank‚ 2003). As a result‚ there are many people criticize regarding its current governance and accountability. They are discussed that bank’s governance system is undemocratic‚ largely because borrowing countries that are impacted the most by bank projects have minimal voice in bank’s decisions about loan and projects and the selection of the bank president is unilateral. The World Bank also
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Allahabad bank:- Headquarters: Kolkata‚ Founded: 1865 Andhra bank:- Headquarters: Hyderabad‚ Founded: 1923‚ Founder: Bhogaraju pattabhi sitaramaya‚ key people: B A prabhakar Bank of Baroda:- Headquarters: Vadodara‚ Founded: 1908‚ Founder: Maharaja Sayajirao Gaekwad Key people: SS Mundra (Chairman&MD) Bank of India:- Founded: 7Sep 1906‚ Headquarters: Mumbai‚ Key people Vijayalakshmi R Iyer (CMD) Bank of Maharashtra:- Founded 1935‚ Headquraters: Pune‚ Key people: Shri Narendra Singh
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and for the period of its actual utilization. Generally an overdraft facility is given by a bank on the basis of a written application and a promissory note signed by the customer. In such cases an express contract comes into existence. In some cases‚ in the absence of an express contract to grant overdraft‚ such an agreement can be inferred from the course of business. Cash withdrawals from a bank account already overdrawn will automatically increase the size of the overdraft. An overdraft
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