Banking Terms and Concepts • Accrued interest: Interest due from issue date or from the last coupon payment date to the settlement date. Accrued interest on bonds must be added to their purchase price. • Arbitrage: Buying a financial instrument in one market in order to sell the same instrument at a higher price in another market. • Ask Price: The lowest price at which a dealer is willing to sell a given security. • Asset-Backed Securities (ABS): A type of security that is backed by a pool
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ACCOUNTING‚ FINANCE & MANAGEMENT SCIENCE NAME: OCHIENG JARED OPONDO REG NO: C12/60275/09 GROUP: A FACULTY: COMMERCE COURSE: BCOM 330; Financial Institutions and markets TASK: TERM PAPER TITLE: COMMERCIAL BANKING IN KENYA PRESENTED TO: MRS. BOSIRE MARY PRESENTED ON: 19TH October 2011 ABSTRACT: This term paper analyses the commercial banking system in Kenya. In particular it focuses on the history of commercial banks from a general perspective then narrows down to Kenya’s context
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DEVELOPMENT AND PERFORMANCE OF ISLAMIC BANKING IN PROSPECT OF BANGLADESH [2006 – 2008] ID: 1372 REPORT On DEVELOPMENT AND PERFORMANCE OF ISLAMIC BANKING PREPARED FOR: MR. ARAFAT RAHMAN Course instructor Institute of Business Administration Jahangirnagar University PREPARED BY: Md. Muntasir Billah ID: 1372 19th batch Institute of Business Administration Jahangirnagar University Letter of transmittal April 22‚ 2008 Mr. Arafat Rahman Assistant Professor Institute of
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What is Internet Banking? “Internet banking” refers to systems that enable bank customers to access accounts and general information on bank products and services through a personal computer (PC) or other intelligent device. Internet banking products and services can include wholesale products for corporate customers as well as retail and fiduciary products for consumers. Ultimately‚ the products and services obtained through Internet banking may mirror products and services offered through
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WTO and Indian Banking-Challenges of 2009 Impact of WTO commitments on Indian banking Industry Prof. S.Visalakshi Faculty – Banking and Finance‚ Bangalore Management Academy (BMA). Naman Kumar Gupta‚ MPFB II‚ Bangalore Management Academy (BMA) Kartheek Yerolla‚ MPFB II‚ Bangalore Management Academy (BMA) Mahesh Bondili‚ MPFB II‚ Bangalore Management Academy (BMA) Introduction India had a deep rooted and well structured banking system since independence. After nationalization of
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BANKING SYSTEM IN INDIA Banking system in India plays a vital role in the economic development of a country. Banking system in India can be broadly divided into unorganized sector and organized sector. Unorganized sector mainly comprises of money lenders and indigenous bankers. The organized sector consists of commercial banks‚ co-operative banks and regional banks. Apart from these institutions which provide short-term credit to businesses‚ there are number of specialized term lending institutions
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ORIGIN OF BANKING Banks are among the main participants of the financial system in India. Banking offers several facilities and opportunities. Banks in India were started on the British pattern in the beginning of the 19th century. The first half of the 19th century‚ The East India Company established 3 banks The Bank of Bengal‚ The Bank of Bombay and The Bank of Madras. These three banks were known as Presidency Banks. In 1920 these three banks were amalgamated and The Imperial Bank of India
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The advent of the Internet has had an impact in our lives in all sorts of ways such as in the manner in which we communicate‚ flirt‚ date‚ and most importantly‚ how we shop. While even in the recent past the thought of whether some day one would be able to buy an Armani outfit wearing pajamas while looking after the needs of a couple of toddlers would have seemed an outlandish idea‚ thanks to the increasing sophistication of the technology of the 21st century‚ practically everything is virtually
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many ways‚ e-banking is not unlike traditional payment‚ inquiry‚ and information processing systems‚ differing only in that it utilizes a different delivery channel. Any decision to adopt e-banking is normally influenced by a number of factors. These include customer service enhancement and competitive costs‚ all of which motivate banks to assess their electronic commerce strategies. The benefits of e-banking are widely known and will only be summarized briefly in this document. E-banking can improve
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economy in terms of purchasing power parity (PPP) behind only the USA‚ China‚ and Japan. The Indian economy after reporting fairly robust growth of over 9 per cent during 2005-08‚ moderated to a growth of 6.7 per cent in 2008-09 because of the global financial crisis. Because there was fiscal and monetary space‚ timely stimulus allowed the economy to recover fairly quickly to a growth of 8.4 per cent in 2009-10 and 2010-11. Since then‚ however‚ the fragile global economic recovery and a number of domestic
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