INTRODUCTION Oriental Bank of Commerce (OBC) was started in Lahore‚ Pakistan in 19th February of the year 1943. It made a modest beginning under its Founding Father‚ Late Rai Bahadur Lala Sohan Lal. OBC is a public sector bank engaging in monetary intermediation of commercial banks‚ saving banks and discount houses. In 1947‚ the Bank had to face the holocaust of partition. The bank was nationalized on 15 April 1980. It has its headquarters in Gurgaon‚ Haryana‚ India. Its revenue stands to be Rs
Premium Debt Mortgage loan Interest
public enterprise banking made its first beginning around the middle of 12th century in Italy and the bank of Venice. Founded in 1157 was the first public banking institution. Following if were established Bank of Barcelona and Bank of Genoa in 1401 and 1407 respectively. The bank of Venice and the bank of Genoa continued to operate until the eighteenth century. With the expansion of commercial activities in northern Europe‚ there sprung up a number of private banking houses in Europe and slowly
Premium Bank
ROLE OF BANKS First‚ they take a leading role in developing other financial intermediaries and markets. Second‚ due to the absence of well-developed equity and bond markets‚ the corporate sector depends heavily on banks to meet its financing needs. Finally‚ in emerging markets such as India‚ banks cater to the needs of a vast number of savers from the household sector‚ who prefer assured income and liquidity and safety of funds‚ because of their inadequate capacity to manage financial risks Definition
Premium Fractional-reserve banking Bank Monetary policy
Measuring the Service Quality of Service Sector - A Case of Commercial Bank of Ethiopia R.Renjith Kumar‚ Asst. Prof and Head of the Department‚ Ilahia School of Management Studies‚ Ilahia College of Engineering and Technology‚ Muvattupuzha‚ Kerala Abstract Service sector is growing in Ethiopia which basically an agrarian country is trying to become a developing country in the North Eastern Africa. Banking services have gained significant role in this country due to increasing number of customers
Premium Bank Quality of service Customer service
BRAC Bank Limited Introduction a scheduled commercial Bank‚ commenced its business operation in Dhaka‚ Bangladesh on 4 July 2001. The Bank is mainly owned by the largest NGO in Bangladesh – BRAC. The Bank has positioned itself as anew generation Bank with a focus to meet diverse financial needs of a growing and developing economy. The Bank has embarked with an acknowledged policy to promote broad based participation in the Bangladesh economy through the provision of high quality banking service
Premium Bank
SOURCES OF BANK’S INCOME A bank is a business organisation engaged in the business of borrowing and lending money. A bank can earn income only if it borrows at a lower rate and lends at a higher rate. The difference between the two rates will represent the costs incurred by the bank and the profit. Bank also provides a number of services to its customers for which it charges commission. This is also an important source of income. The followings are the various sources of a bank’s profit: 1
Premium Bank Debt Bond
Economics Program at the University of Chittagong‚ observed that banks did not extend their credit schemes to the rural poor as they were not considered creditworthy. In this situation‚ the rural poor were forced to approach moneylenders who charged exorbitant rates of interest. In 1976‚ Yunus launched The Grameen Bank Project‚ on an experimental basis to study the framework of banking services for the rural poor. The objectives of the Grameen Bank Project were: •Providing banking services to the rural
Premium Microfinance Bank Muhammad Yunus
working capital by bank & the banking regulations” Ms Prachi Jain Ms Rajni Sinha (Assistant professor- Amity College of Commerce and Finance- Amity University – Noida) Working capital is that portion of a firm’s capital which is employed in short term operations. Current assets represent Gross Working Capital. The excess of current assets over current liabilities is Net Working Capital. WORKING CAPITAL FINANCING BY BANKS Credit facility provided by commercial banks to meet the working
Premium Bank Debt Finance
Organized by: Behaylu W. 1 Notes on Bank Advertising Campaign Just like any business‚ banks should also use an advertising campaign that will reach consumers and convince them to make financial transactions such as credit loan‚ business loan‚ and savings account. However‚ financial companies should know that the marketing campaign for them is a little bit different compared to traditional strategies use by most businesses. These are some of the helpful tips on bank advertising campaign in order to reach
Premium Marketing Advertising Business
Deutsche Bank and the Road to Basel III Deutsche Bank made its entrance into the world in 1870 and it was one of the first banks to adopt universal banking as it promoted and facilitated trade relations between Germany and other overseas markets. Deutsche Bank acquired smaller banks in Germany in order to be the most prominent bank in their home base in addition to having a global reach. Following World War I‚ inflation took over Germany causing many borrowers to default on their loans forcing the
Premium Banking Bank