The term bank comes from the French word “Banco” which means a bench. A bank is a financial institution which deals with deposits and advances and other related services. It receives money from those who want to save in the form of deposits and it lend it to others. Functions of Commercial Bank Primary Function: The primary functions of bank are also knowns as banking functions . They are the main functions of a bank. Accepting Deposits SAVING DEPOSITS An persone can open an saving account
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What is core banking? Initially when banks expanded to different cities and states‚ they provided branch specific banking. So if a customer has a bank account with a bank in city A‚ he cannot use the services of a branch in city B. The bank would usually delay the processing of financial instruments issued from some other branches to 2-3 working days. Then came the concept of Core Banking. Wherein‚ a customer who has an account with the bank can use any of its branches irrespective of the city
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Electronic Banking It is process or method of banking by which customers performs financial transactions electronically through internet that’s why it is also called internet banking and online banking. Origin of Electronic Banking It is banking service that allows its customers to conduct their daily financial transactions online 24/7 as it is a ease of access for the customers. These transactions includes payroll and direct credit transactions. In 1980’s New York’s four major banks which includes
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INTRODUCTION & HISTORY OF BANKING BANKING [pic] Introduction India cannot have a healthy economy without a sound and effective banking system. The banking system should be hassle free and able to meet the new challenges posed by technology and other factors‚ both internal and external. In the past three decades‚ India’s banking system has earned several outstanding achievements to its credit. The most striking is its
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Highlight the benefits that you can give To achieve this‚ you first have to do some research about the services that your competitors can offer. After this‚ you should then identify your USP‚ or unique selling point‚ which is the feature that you‚ and no one else‚ have. Once you have identified this‚ you can now inform your target market about the advantages that you have over your rivals. Doing so will make it easier for your clients to choose to transact with your firm instead with others. Develop
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[pic] Principles of Banking Functions Performed By Commercial Banks in Bangladesh A brief Study on the overall banking function of the commercial Banks in the Domestic Arena of Bangladesh By: Jewel Chakraborty Section – F. ID No # 072-11-1953 BBA 17th Batch D.I.U 5th June‚ 2008 Md. Shahidul Islam Zahid Course Instructor Principles of Banking Daffodil International University Subject:
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aglinesAlaska Milk – “Wala pa ring tatalo sa Alaska.” Andok’s Litson – “Pambansang Litsong Manok.” Bank of the Philippine Islands (BPI) – “We’ll take you farther.” Barangay LS 97.1 – “Tugstugan Na!” Bayantel – “Gaganda pa ang buhay.” Bingo Biscuits – “Bi-bingo ka sa sarap.” Bombo Radyo Philippines – “Basta Radyo‚ Bombo!” Boysen – “The Quality You Can Trust.” Banco de Oro (BDO) – “We find ways.” Cebu Pacific Air – “It’s time every Juan flies!” Century Tuna – “Think healthy. Think Century
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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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TWO DEPRESSIONS‚ ONE BANKING COLLAPSE Chay Fisher and Christopher Kent Research Discussion Paper 1999-06 June 1999 System Stability Department Reserve Bank of Australia We would like to thank Philip Lowe‚ Marianne Gizycki‚ David Merrett‚ Bryan Fitz-Gibbon‚ David Gruen and Peter Stebbing for helpful suggestions. Thanks to David Merrett and David Pope for early advice and encouragement. Thanks also to Adrian McMahon for help in preparing this document. Any remaining errors are our own.
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MARKETING OF BANKING SERVICES IN RURAL AREAS Banks today are operating in a highly competitive and rapidly changing environment. In the changing economic scenario‚ a professional approach to business development is essential and the survival of a banking institution depends on its ability to take up challenges coming up in the environment. Developing business through marketing of bank’s services is one of the crucial areas which need attention of the bankers to ensure profitable survival. MARKETING
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