BANKING AWARENESS 1. On the recommendation of which committee was NABARD established? (a) Shivraman (b) Rangarajan (c) Malegam (d) Vijay Kelkar 2. ‘Swabhiman’‚ the financial inclusion scheme‚ comes under the purview of which ministry? (a) Ministry of Commerce (b) Ministry of Home Affairs (c) Ministry of Finance (d) Ministry of External Affairs 3. RBI was established on ___________. (a) April 1‚ 1925 (b) April 1‚ 1935 (c) April 1‚ 1945 (d) April 1‚ 1955
Premium Monetary policy Bank Central bank
Innovations in Customer Services in Indian Banking Sector Satisfied customers are the best guarantee for the stability and growth. Customers will be satisfied only when the banks provide the customized and innovative products and services at responsible cost. This article focuses on the kind of services provided by developed countries and level of innovative services provided by Indian banks. Many innovative services are currently available from Indian banks like E-Banking‚ ATMs‚ Anywhere Banking etc.‚
Premium Bank
Banking ethics are the moral or ethical principles that certain banks choose to abide by. There is not a universal code of ethical conduct‚ but the banks that vaunt their ethical credentials evaluate the ethical standing of potential investors and partners. Also‚ these banks choose the companies that they in turn invest in with their ethical policy in mind. The number of ethical questions that the banking industry faces are many and multifaceted. Full service relationships with customers are
Premium Sales Bank Ethics
Islamic Banking is a banking system that is based on the principles of Islamic law (also known Shariah) and guided by Islamic economics. The Islamic banking today has become most popular and reliable financial system in the world. The history and evolution of Islamic Banking dates back over 14 centuries ago to the origins of Islam when the Holy Quran was first revealed to Prophet Mohammed (PBUH)‚ hence encompassing a complete set of rules and regulations for all aspects of life put forth in
Premium Sharia Muhammad Qur'an
like to thank the almighty for giving us courage. Index Introduction Universal Banking is a multi-purpose and multi-functional financial supermarket (a company offering a wide range of financial services e.g. stock‚ insurance and real-estate brokerage) providing both banking and financial services through a single window. Definition of Universal Banking: As per the World Bank‚ "In Universal Banking‚ large banks operate extensive network of branches‚ provide many different services‚ hold
Premium Bank Financial services Finance
TABLE OF CONTENTS Introduction……………………………………………………………………………..…….2 Inclusive Banking………………………………………………………………......................3 Bottlenecks…………………………………………………………........................................3 Way Forward……………………………………………………………………………….....3 Why Priority Sector Lending………………………...………………………………….…….4 New Initiatives…………….…………………………………………………………….…….5 Plan for ICICI Bank……..………….……………………….…………………………….…..5 Product…………………………………………….…………………………………………..6 Channels of Distribution……………………………………………………………………
Premium Bank Financial services
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
Premium Bank
Mobile Banking Apps Joshua Jacobson CIS/207 June 3rd‚ 2013 Michael Praetor Mobile Banking Apps Mobile banking apps have changed the way society banks these days. The days of having to go to the bank to make a withdrawal or deposit are long gone. With features of being able to check your balance‚ deposit a check‚ transfer funds‚ and even pay bills‚ mobile banking has become increasing popular over the past few years. History of Mobile Banking According
Premium Bank Mobile phone Cheque
CORE Banking CORE or CORE Banking is a very important terminology used in Indian banking industry. The term CORE is used in two perspectives in Indian banking industry. 1) First Perspective of Core Banking In the first perspective CORE stands for Centralized Online Real-time Environment (CORE). It is a system of centralized banking under which all banks use a centralized data-centre for all their banking transactions. It can be said that all banks under this system share all information
Premium Bank
HISTORY OF CONVENTIONAL BANKING Around 2000 BC‚ banking was initiated by farmers and traders in Babylonia whereby‚ grain loans were made. Later‚ this new mode of ‘trading’ spread to Greece. Some developments were emerging as deposits and money exchange were initiated. Modern banking took birth in Italy in the 14th century and the most famous conventional bank was Medici Bank. The bank system spread to Europe‚ in Amsterdam in the 16th century where much innovation took place‚ in London in the 17th
Premium Bank Financial services