SOCIAL BANKING INTRODUCTION Banking plays a fundamental role in economic progress of a country. It inculcates the habit of savings among people‚ hence helps in boosting the investment base and speeding up the capital formation. At the same time it also helps out the needy‚ by providing them timely credit at an affordable cost. But majority of poor rural and semi urban population in India are unable to avail the basic banking facilities. As a result they are made to rely on private money lenders
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especially large international banks‚ are playing a more and more important role in people’s daily life‚ as an individual‚ banks provide interest that attract you to put money in‚ and also‚ when you want to set up a new business‚ banks are there to offer a help. However‚ the financial crisis warns that banks are not all about good‚ they can also be dangerous‚ the recognition that banks only act as financial intermediaries is long gone‚ instead‚ they generate more complex functions‚ thus new bank business
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The term ‘globalization’ in the most basic level can mean the globalization of international trade‚ however it is also expansion of foreign direct investment (FDI)‚ multinational corporations‚ integration of the world capital markets and much more. Thus‚ globalization can be defined as the interdependence of national economies through trade‚ finance‚ production and a growing web of treaties and institutions. The evidence of globalization is clear. Nowadays‚ over $4 trillion in foreign exchange transactions
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Calcutta‚ was permanently moved to Mumbai in 1937. Today the RBI has 22 regional offices‚ mostly in State capitals. During its inception‚ the RBI was privately owned with a paid up capital of five crores. On establishment‚ the RBI was handed over the function of issuing currency by the Government of India and the power of credit control by the then Imperial Bank of India. However‚ the RBI is now fully owned by the Government of India post-nationalisation in 1949. The reasons behind the nationalisation
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the customers. Accordingly‚ SJIBL is offering different type of deposit scheme bearing highest rate of return. Mudarabah Deposit Scheme‚ Monthly income scheme and Millionaire scheme are the most popular offers that are completely innovation in the banking sector and widely accepted by the clients. With crumble down of the world economy‚ it is observed that the competition becomes intensive in the globalization process. Our country has also participated in the race for its existence. Therefore‚ it becomes
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these giant mole hills were formed. One theory holds that the Chocolate Hills are the weathered rock formations of a kind of marine limestone on top of an impermeable layer of clay. Boracay Boracay may be a small island‚ but it packs great features such as award-winning beaches‚ beautiful resorts and great adventures like cliff
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Major Functions Of RBI Introduction The RBI was established by passing "trasfer of public ownership Act" in Sep-1948 under which the ownership of the bank was passed into the hands of the Government of India with effect from 1st january 1949. Fuctions: The fuctions are classified into three heads‚viz.‚ A) Traditional functions B) Promotional functions and C) Supervisory functions. lets see the detailed accont in these heads.‚ A) Traditional functions 1.Monopoly of currency notes issue
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Calling all Journalism students‚ Be part of this year’s J-team! Screening dates: July 10-12‚ 1 p.m. onwards at the Newsroom/ Media Practice and Research Unit (Located inside Media Studies room‚ 2nd flr.) For inquiries pls. contact Society P.R.O. Emiaj Francinne Mendoza at 09158006979. See you there! Leigh Bagtas3JRN2 Batch 2015. Hello. Remind ko lang po ulit na nalipat ang CLASS PICTURE TAKING sa FRIDAY‚ JULY 12‚ 4-5PM. :) Thank you! Organized by the DLSU Student Media Office
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Offshore banking is newly introduced by modern banking system. There are two different types of banking - regular "Onshore" banking and "Offshore" banking. The term "Offshore" means many things to many people. Basically the "offshore" consists of those countries which have adopted specific offshore company and/or offshore banking legislation and which have legislated privacy laws and regulations. OFFSHORE BANKING Offshore banking is a banking process happens outside the country of residence of
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Discrimination and Slavery When the New World first started to colonize‚ it was used as an exploitation society. The English who were coming to the colonies wanted to exploit America for all it was worth and bring the wealth back to England. When the English arrived‚ they did not find gold and silver like the Spanish and Portuguese; however‚ they did discover agricultural products like tobacco‚ sugar‚ and rice that could be produced on a large scale to yield huge amounts of profit. In order to
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