Banking Sector in Bangladesh Introduction The Jews in Jerusalem introduced a kind of banking in the form of money lending before the birth of Christ. The word ’bank’ was probably derived from the word ’bench’ as during ancient time Jews used to do money -lending business sitting on long benches. First modern banking was introduced in 1668 in Stockholm as ’Svingss Pis Bank’ which opened up a new era of banking activities throughout the European Mainland. In the South Asian region‚ early banking
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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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Marketing of Banking Services Marketing scope in banking sector should be considered under the service marketing framework. Performed marketing strategy is the case which is determination of the place of financial institutions on customers’ mind. Bank marketing does not only include service selling of the bank but also is the function which gets personality and image for bank on its customers’ mind. On the other hand‚ financial marketing is the function which relates uncongenitalies‚ differences
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THE BANKING INDUSTRY AND THE NIGERIAN ECONOMY POST-CONSOLIDATION By B. B. EBONG GROUP MANAGING DIRECTOR/CHIEF EXECUTIVE UNION BANK OF NIGERIA PLC ABSTRACT Against the backdrop of the role of banks as financial intermediaries and their function as the engine of growth of the economy‚ this paper examines the extent to which the banking industry has helped to stimulate economic activities in Nigeria and what the prognosis looks like in the post-consolidation era. The paper notes that the banking industry
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INDIAN BANKING INDUSTRY Banking forms the back bone of the country. Banks are special as they not only accept and deploy large amounts of uncollateralized public funds in fiduciary capacity‚ but also leverage such funds through credit creation. They directly or indirectly affect the growth of the country. Banking in India has gone through different phases of nationalization and liberalization. In confront of American crisis‚ evolving technology‚ growing Indian economy and further liberalization
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E-BANKING IN BANGLADESH FUTURE‚ HURDLES & PROSPECTS 1.0 E-BANKING - INITIAL INTRODUCTION E-banking is defined as the automated delivery of banking products and services directly to customers through electronic‚ interactive communication channels. Customers access ebanking services using an intelligent electronic device‚ such as a Personal Computer (PC)‚ Personal Digital Assistant (PDA)‚ Automated Teller Machine (ATM)‚ Kiosk‚ or Touch Tone Telephone. E-banking refers to the PC Banking‚ Internet
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Banking sector-intro (Indian) PHASE I The General Bank of India was set up in the year 1786. Next came Bank of Hindustan and Bengal Bank. The East India Company established Bank of Bengal (1809)‚ Bank of Bombay (1840) and Bank of Madras (1843) as independent units and called it Presidency Banks. PHASE II Nationalisation of Imperial Bank of India with extensive banking facilities on a large scale specially in rural and semi-urban areas. It formed State Bank of india to act as the principal
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A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance.[1] These are also called full-service financial firms‚ although there can also be full-service investment banks which provide asset management‚ trading‚ and underwriting. The concept is most relevant in the United Kingdom and the United States‚ where historically there was a distinction drawn between pure investment
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EFFICIENCY OF TANZANIA BANKING SYSTEM INDUSTRY BEFORE AND AFTER ECONOMIC REFORM PARTICIPANT S/N | NAME | REG.NUMBER | DEGR. PROG | SIGNATURE | 1 | SHAYO‚ AMEDEUS S. | T/UDOM/2010/04019 | BCOM (FN) | | A TERM PAPER PRESENTED IN BANKING FINANCIAL MANAGEMENT (AF 312) HELD AT UNIVERSITY OF DODOMA LECTURE ROOM 5 SSH ON 13TH DECEMBER 2012 Introduction Efficiency in banking has been defined and studied in different dimensions including: (i) scale efficiency‚ which refers to relationship between
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In the world of banking and finance nothing stands still. The biggest change of all is in the‚ scope of the business of banking. Banking in its traditional from is concerned with the acceptance of deposits from the customers‚ the lending of surplus of deposited money to suitable customers who wish to borrow and transmission of funds. Apart from traditional business‚ banks now a days provide a wide range of services to satisfy the financial and non financial needs of all types of customers from the
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