Banking system plays a very significant role in the economy of a country. It is central to a nation’s economy as it caters to the needs of credit for all the sections of the society. Money-lending in one form or the other has evolved along with the history of mankind. Even in the ancient times‚ there are references to the money-lenders‚ in the form of sahukars and zamindars who lend money by mortgaging the land property of the borrowers. Towards the beginning of the 20 century‚ with the onset of
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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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For the past two decades‚ the world has been experiencing banking and financial crises at a higher frequency than during the previous decades and with significant costs to the economy. The recent 2008 Financial Crisis has caused the threat of total collapse in large financial institutions‚ downturn of stock markets as well as bail out of banks by many governments. This has brought more concern on banking supervision and regulation. There is a need to reform the financial regulation as it is one of
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HISTORY OF BANKING IN INDIA Banking is an old as civilization. The practice of money lending‚ the predecessor of banking has been practiced in india from time immemorial. During the mughal period‚ the indigenous bankers were faintly prominent in financing the trade and use of instrument for trade. The first bank in india‚ through conservative was established in1786. From 1786 until today the journey of Indian banking system can be segregated into 3 distinct phase. They are mentioned below‚ •
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White Paper Indian banking ecosystem Automating data flow as a strategic initiative We put the banking into business intelligence www.icreate.in indian banking ecosystem indian banking ecosystem Automating data flow as a strategic initiative Frauds in the banking sector in india the public sector banks‚ with their massive presence across the country‚ reported an annual average of more than 3‚000 cases of frauds and cheating during the past four years. their better equipped counterparts
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The banking industry is the backbone of any monetized economy. The stage of development of this industry is a good reflection of the development of the economy. The banking industry in India is governed by Banking Regulation Act of India‚ 1949. Since 1949‚ this sector has undergone phenomenal reforms due to the efforts and the vision of the policymakers. The first phase of reform began with nationalization of the 14 banks in 1969. At this stage‚ priority sectors were identified and banking support
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economic activities Sector The primary sector of the economy extracts or harvests products from the earth. The primary sector includes the production of raw material and basic foods. Activities associated with the primary sector include agriculture (both subsistence and commercial)‚ mining‚ forestry‚ farming‚ grazing‚ hunting and gathering‚ fishing‚ and quarrying. The packaging and processing of the raw material associated with this sector is also considered to be part of this sector. In developed and
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assigned a topic which is Role of MIS in banking sector. This term paper contains much important information which can help our faculty & others to get a clear idea about the role of Management information system in banking sector. 1.2 OBJECTIVE OF THE STUDY This term paper is written on about the role of management information system in banking sector. In which we are going to show the importance of management information system in banking sector and how much they implement their system
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Executive Summary An investor who would like to be rational and scientific in his investment activity has to evaluate a lot of information about the past performance and the expected future performance of companies‚ industries‚ and‚ the economy as a whole before taking an investment decision. Such evaluation or analysis is called Fundamental Analysis. Indian Economy has covered a long ground since it was liberalized in 1991. Today‚ India has the fourth largest economy in terms of purchasing power
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future of their organization. Increasingly competitions in the world markets is becoming based on the skills and abilities of people not machines.” (Fred H. Maidment/2003:7) In the era of ‘Human Capital’‚ A study on “Human Resource Planning in the Banking Sector of Bangladesh: A Comparative Study between Public & Private Bank” has gained importance in recent years due to the performance of employees and executives of both public and private banks. Economists now a days use ‘Capital’ in a broader term
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