Banking in India in the modern sense originated in the last decades of the 18th century. The first banks were The General Bank of India‚ which started in 1786‚ and Bank of Hindustan‚ which started in 1770; both are now defunct. The oldest bank still in existence in India is the State Bank of India‚ which originated in the Bank of Calcutta in June 1806‚ which almost immediately became the Bank of Bengal. This was one of the three presidency banks‚ the other two being the Bank of Bombay and the Bank
Premium Bank
IS Lecture VII: Financial services vs. Production and retail businesses. Retail banking and insurance: core business processes. Banking information system. 1 Session objectives Upon the end of the session students should be able to: Discuss financial services and typical business processes Describe the value chain in a retail banking and an insurance client List the key sub-processes in financial business processes Understand the activities and financial risks in the FS industry
Premium Insurance Bank Risk
control the commercial banking system of their countries. Compare to a commercial bank‚ a central bank have a monopoly on increasing the amount of money in the nation‚ and usually also prints the national currency‚ which usually serves as the nation’s legal tender. The primary function of a central bank is to manage the nation’s monetary policy‚ with active duties such as managing interest rates‚ setting the reserve requirement‚ and acting as a lender of last resort to the banking sector during times
Free Monetary policy Federal Reserve System Central bank
UK Banking System - Banking and Finance A Summary Sophisticated commercial‚ financial and professional services developed in the City of London during the 19th century to support Britain ’s position as the world ’s largest trading nation. Today Britain has a wide variety of banking and financial institutions. Many of these offer specialised services to individuals‚ companies and other bodies‚ both in Britain and internationally. Bank of England The Bank of England was established in 1694 by
Premium Bank Investment Finance
The Future of Investment Banking The era of investment-banking (IB) post-economic crisis of 2008 will see increasingly modest returns and a much meeker future. Returns on equity (ROE)‚ a standard measure of profitability‚ once routinely ranged from 20-25%‚ have now halved to 13% and will continue to plummet to 6-9% by 2017 with the incorporation of new regulations. These regulations will fundamentally change the face of IB. Higher capital standards will force banks to shrink their balance sheets—making
Premium Bank Banking
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
Premium Bank Central bank
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
Premium Bank
Abstract The purpose of this study was to identify the training needs among employees of Public sector bank. In the current dynamic business environment training has become indispensable. The biggest challenge of human resource managers is to train the employees to produce desired results. In the cyclical process of training‚ training needs analysis is the first step which analyses the areas where training is essential. Total 100 respondents responded to the pre-tested questionnaire‚ for which Cronbach’s
Premium Human resource management Analysis of variance
Banks Bangladesh Country Report The Bangladeshi Banking System Summary Opinion The Bangladeshi banking system is one of the weakest in emerging Asia‚ with a weak operating environment contributing to persistently poor performance and solvency issues‚ especially among the systemically important state‐owned commercial banks (SOCBs). The system is undermined by very weak asset quality‚ inadequate provisioning for loan losses‚ poor capitalisation and constrained profitability. The operating
Premium Bank
Costing in Banking Jessica Phinney ACC522: Budgeting and Cost Accounting Professor Guenther April 15‚ 2013 Activity-based costing (“ABC”) is considered one of the best and most popular tools for allocating costs by identifying individual activities as cost objects. Originally‚ activity-based costing was mainly used in manufacturing industries but‚ due to its preciseness‚ this system has recently grown popular in the service industries as well‚ including banking. Activity-based
Premium Cost accounting Costs Cost